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Australia tells UK to open tariff-free trade to world after Brexit: ‘It’s worked for us for 26 years’

Australia’s high commissioner to the UK has spoken out on the benefits of Britain leaving the customs union after its exit from the EU next year, saying that by negotiating unilateral trade agreements instead, the country would be able to retain control of its trade policy. Speaking to BBC radio, Alexander Downer said that […]

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Electricity bill hike to hit more than 4 million vulnerable households as Ofgem increases price cap

Energy bills will rise by around £57 a year for more than four million UK households after the regulator said it would hike the maximum tariff for vulnerable customers. The safeguard tariff, which sets a cap on prices for eligible households, will increase on 1 April, resulting in a rise in bills from £1,031 […]

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Interest only mortgages leave many owners facing possible eviction

Growing numbers of homeowners are set to lose their homes if they don’t take action to repay their debts, the UK financial regulator has warned. Almost one in five mortgage customers – around 1.7m people – have an interest only mortgage, despite a bid by the Financial Conduct Authority (FCA) to reduce the numbers. […]

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Tesco sparks outrage with change to Clubcard rewards scheme

Consumers are calling on Tesco to backtrack on changes it has introduced to its Clubcard scheme, labelling them as unfair and saying that they will disadvantage thousands of loyal customers. The UK’s biggest retailer’s popular Clubcard scheme offers shoppers the chance to collect points for money they spend in store and online. These points […]

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Virgin Media under fire for £240 bills to end contracts in areas where company can't provide internet

Independent Money Feed Virgin Media has come under fire for charging customers hundreds of pounds to terminate broadband contracts when they move to an address that the company does not supply internet to. Customers can be hit with a bill of up to £240 to end their deal with Virgin Media early, even though […]

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UK businesses brace for credit and debit card fee ban coming into effect this weekend

Independent Money Feed Companies and service providers will no longer be allowed to charge customers for using a credit or debit card under a new law coming into effect on Saturday. The Government in July last year unveiled its intention to introduce the ban, saying that up until now shoppers across the UK were […]