Latest News
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World’s biggest bingo winner close to bankruptcy
20th Jan 2012
The Scottish mum of four who scooped the largest Bingo prize just four years ago, has been revealed as being close to bankruptcy. Soraya Lowell, who was previously employed as a cleaner, is locked in…
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One in three UK homes cuts back on food
19th Jan 2012
A recent report has revealed that millions of Brits have reduced the amount of food they buy in order to have enough money to pay for their rent or mortgage. The homeless charity Shelter said…
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Troubled high street retailers enter into administration
18th Jan 2012
Two of the stores on the brink of insolvency have been unable to fight off debts any longer and have conceded that administration is the only way forward. Both Past Times and Peacocks have entered…
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Pawn brokers experience surge in popularity
18th Jan 2012
With many households around the country continuing the experience a financial squeeze, pawn brokers are one industry which are enjoying a marked climb in demand. And whilst in the past pawn brokers were primarily used…
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Darlington FC on brink of closure
17th Jan 2012
The administrators responsible for Darlington Football Club have cancelled the contracts of all remaining staff – including the players – in a move which could see the outfit closed within days. The club, nicknamed the…
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British economy faces ‘meltdown’ as eurozone countries downgraded
16th Jan 2012
One of the three big credit agencies has slashed the rating on nine eurozone countries, pointing to the inability to develop a cohesive approach as one of the reasons for the downgrade. Standard&Poor has dropped…
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Forget another recession, it’s a Depression warns report
13th Jan 2012
A report from one of the world’s leading financial bodies has warned that unless things start to improve fairly quickly, the globe could be set to experience another Depression like the one seen in the…
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Little Chef set to shrink but denies financial problems
12th Jan 2012
The roadside restaurant group Little Chef has announced that it will be closing 40% of its existing branches, with the potential loss of 600 jobs. However, despite the closures, the chain have said that the…
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Credit card use set to rocket
11th Jan 2012
The Post Office has warned that paying for goods on plastic will soar in January, as consumers struggle with their post-festive finances. The fifth yearly Consumer Credit report from the Post Office has found that…
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Charities urge government rethink over money for the ‘vulnerable’
11th Jan 2012
Ministers have been begged to reconsider a plan to move budget responsibility for some of the most vulnerable groups in the UK to local authorities. More than 20 charities have banded together to ask the…
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