British Airways staff who took part in last weekend’s three-day strike, have been sent letters from the company telling them that their heavily discounted travel perks will be withdrawn for good. Before the strike took place, Willie Walsh the company’s Chief Executive warned staff that striking staff would have their privilleges revoked. As such, members [...]
March, 2010
Chancellor Alistair Darling announces budget, then likened to Titanic captain by Tory leader David Cameron
Alistair Darling announced his pre-election budget today and went on the offensive, leaving a clear indication that the Labour election campaign will focus on a class war. But he was then jeered and the Labour leadership was likened to the Captain of the Titanic by Conservative leader David Cameron. Just a few weeks before the [...]
British Airways cabin crew strikes cost them £7million a day
The three-day strike by British Airways’ cabin crew union, Unite, has cost the struggling business around £7million pounds for each day, according to estimates. Another planned four-day strike is due to start this weekend, causing further chaos for the airline ahead of the busy Easter schedule. Disputes between BA senior management and cabin crew, around [...]
Prime Minister Gordon Brown highlights changes to help credit card debts
Gordon Brown highlighted changes that could help consumers avoid debt problems and save them around £300million a year on their credit card debts. In a reversal of current industry practices, repayments on store card and credit card debt must be used to repay the most expensive debts first before cheaper borrowing. There will also be [...]
James Cameron’s Avatar fails to match Titanic as it’s beaten at Oscars by ex wife’s The Hurt Locker
Despite being the highest grossing film of all time, James Cameron’s Avatar was beaten at the Oscars by his ex-wife’s low budget war drama The Hurt Locker. The highly acclaimed film Avatar, which thrilled audiences worldwide with its 3D effects, only managed to claim three of the gold statues at last night’s Oscars ceremony. Best [...]
60% interest rates on credit card debts fuels debt problems
In a desperate attempt to secure credit, around a million customers have turned to sub-prime lenders charging 60% interest on outstanding credit card debts. The reported 2,700 people applying daily for sub-prime Provident’s Vanquish card will typically have a poor credit history, and may have experienced debt problems in the past. Average interest rates on [...]
Cost of bankruptcy to increase by £90
People who are struggling with their debt problems look set to find it more difficult to relieve their debt management, as the cost of bankruptcy is set to rise by £90. From April 6 the Government-backed Insolvency Service is raising its bankruptcy petition fees, from £360 to £450. There will also be an extra court [...]
Bank of England keep interest rates on hold…again!
In an increasingly familiar tale, The Bank of England has kept interest rates on hold again for the 12th successive month. Economists anticipated the decision to keep the base rate of interest at the historic low level of 0.5%, as it was widely expected to maintain its record low to aid the struggling economic recovery. [...]
Ministry of Justice investigates “misleading” claims management company
Another claims management company, Cartel Client Review, are being investigated by the Ministry of Justice, following reports that their advertised debt management claims are misleading. The company’s alleged misleading claims were highlighted following an investigation by the BBC’s Money Box programme, where it was reported that customers who had paid hundreds or thousands of pounds [...]
