Author Archives: Matt

Wonga, the biggest payday loans lender in the UK, saw the introduction of tougher industry regulations affect its performance, revealing its losses doubled in 2015. A pre-tax loss of £80.2m for 2015 was reported, a sizeable increase on the £38.1m Read more…

In the aftermath of the ‘Panama Papers’ leak, the European Union’s five largest economies – the UK, France, Germany, Italy and Spain – have all agreed to share data on tax, in a crackdown on secret business and trust owners, Read more…

According to a study by Shelter and YouGov, more than half of Londoners struggle to pay their rent each month, resulting in some using payday loans. The largest of its kind, the study looked at those renting privately in the Read more…

The amount of tax you pay is changing, after Chancellor George Osborne announced cuts to income tax in his latest Budget. The personal tax allowance will rise to £11,500 in April 2017, from £11,000 in April this year. When the Read more…

An energy bill price cap has been proposed by the Competition and Markets Authority (CMA) for households which have pre-payment meters, which could result in savings for millions of low-income households. This is part of attempts to boost the competitiveness Read more…

A survey conducted by BlackRock’s Investor Pulse indicates that men are worse than women at handling everyday finances. Saving money is seen as a priority by 47 per cent of women who responded to the survey, whilst for men this Read more…

Sarah Gorman, a cleaner from Spenser Avenue, Exeter, has been found guilty of stealing as much as £40,000, in order to repay payday loans she had taken out. The 50 year old was a treasurer for a trade union, and Read more…

Dollar Financial UK, who owns payday loans company The Money Shop, has revealed millions of pounds in refunds is still owed to customers, and also that it has overhauled its operations. Last October, the lender agreed to pay £15m in Read more…

A Church taskforce has said that the use of payday loans has fallen because of a change in opinion of them by the public and those in politics. The taskforce was led by Sir Hector Sants – a former regulator Read more…

Chancellor George Osborne has announced that enforcement teams cracking down on loan sharks could be funded by charging credit card companies and payday loans lenders with a fee. The Illegal Money Lending Teams in England Wales will, as of April Read more…