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Money Education Centre Opens Its Doors

The UK’s first Money Education Centre, a pilot project between Debt Advice Foundation and Southlands High School in Chorley, Lancashire has officially opened its doors and is offering free financial capability lessons to schoolchildren. The centre will provide free financial capability lessons to schoolchildren that will focus on key topics such attitude to borrowing and […]

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Future Looking Bleak For Public Sector Workers According To Union

The Vocalink Take Home Pay Index has increased in August to 1.3%, up from 0.8% in the previous month. However, the increase is still some way short of the year to date cost of living increase of 3.1%. The annual average growth in take home pay has dipped by 66% on 2009. The public sector […]

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Scottish Students Heading For Credit Calamity

A Survey by the National Union of Students has revealed student destitution in Scotland to be at ‘crisis level’. The impact of the recession and the fact that Scottish students get on average the lowest levels of financial help in the UK are said to the principle causes. 62% of those surveyed said lack of […]

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Over 55s Pressured To Use Income Generating Savings To Cover Their Deficit

A recent study by Aviva has revealed a quarter of over 55s have had to use income-generating savings to pay for unexpected expenses. The Real Retirement report revealed that 9 out of 10 over 55s have had significant unexpected expenses in the last five years and that 64% are concerned about the rising cost of […]

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Manufacturing Heartlands At greatest Risk From Public Sector Cuts

Research from Experian has revealed that manufacturing areas like the North East and Midlands are least prepared to cope with further public sector cuts. It is thought that these traditional manufacturing heartlands will be hardest hit as not only will what’s left of manufacturing in those areas be severely impacted by the recession but public […]

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ASA Remit Extended To Regulate Online Advertising

The Advertising Standards Authority from March 2011 has the power censure misleading online advertising and social media statements in addition to its current offline remit. This comes as a result of increased pressure to monitor the growing online market space, with over half of the authorities complaints last year falling outside of their sphere of […]

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IFS Claim Poorest Families More Likely To Need Debt Advice Following Regressive Budget

The Institute for Fiscal Studies has reiterated that the coalition budget, announced in June, will adversely affect the poorest members of society disproportionately. This is contrary to the Chancellor’s claim that wealthier families are more likely to be affected.

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BOE Says New Macro-Economic Regulatory Powers Will Prevent Future Crisis

Planned new powers to be devolved to the Bank of England will help avert any future financial or debt crisis according to Charles Bean, Deputy Governor of the Bank of England.

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Consumer Protection a Priority With 200th Rogue Claims Company Closure

The Ministry of Justice has announced its claims management regulation unit has closed its two-hundredth charlatan claims company since its launch in 2007. The announcement comes as the unit underlined their determination to eradicate misleading, aggressive and in some cases fraudulent marketing.

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Scotland’s Public Sector Jobs At Risk From Government Cutbacks

A recent study revealed that council bosses in Scotland are feeling the pressure of public sector cutbacks by claiming 22,000 council workers may lose their jobs. Among the services expected to suffer most are transport and environmental services with 46% of senior managers declaring these areas will endure the most cutbacks.

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