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Customers of major UK banks hit by pay day delays
The UK’s biggest banks have been hit by glitches affecting digital banking, leaving some customers unable to send and receive money on what is commonly pay day for workers across the country. Nationwide, HSBC, Barclays and Virgin Money were among those apologising on Friday to customers over the issues. HSBCContinue Reading
Children given tablets and phones for tantrums ‘fail to learn emotion regulation’
Handing a child a mobile phone or tablet when they throw a tantrum may be damaging their ability to manage their emotions, new research suggests. According to the study, if parents regularly use digital devices to calm their children, that child could have issues with emotion regulation – which couldContinue Reading
We finally know why some people got COVID while others didn’t
Throughout the pandemic, one of the key questions on everyone’s mind was why some people avoided getting COVID, while others caught the virus multiple times. Through a collaboration between University College London, the Wellcome Sanger Institute and Imperial College London in the UK, we set out to answer this questionContinue Reading
One in five 18- to 24-year-olds don’t wash their hands at festivals. Here’s what you need to know about hand hygiene
Halay Alex/Shutterstock Like making best friends with the strangers in the next tent, peeing in a cup because you can’t face the queues for the portaloos and using wet wipes as a shower substitute, being a bit messy is all part of the summer festival experience. But, while you mightContinue Reading
Schools need to act now to avoid huge tax liabilities in the future
A leading VAT expert is calling on private schools to review the accounting treatment of pre-paid school fees in order to avoid huge tax charges at a later date. It follows news of Labour’s plan for anti-forestalling measures on proposed private school VAT legislation. This would see the party recoup VATContinue Reading
Simply Asset Finance Secures £120m Loan Facility from Bank of America to Boost UK Business Lending
Simply Asset Finance has announced a major milestone, securing a £120 million loan facility from Bank of America. This new facility, initially set at £60 million with the potential to expand to £120 million, will significantly enhance Simply Asset Finance’s capacity to fund businesses across the UK. The agreement strengthensContinue Reading
MOTORS Acquires Cazoo Brand, Set to Launch Innovative Digital Marketplace
Used car search platform MOTORS has acquired the Cazoo brand, announcing plans to transform it into a cutting-edge, mobile-first digital marketplace. This strategic move aims to leverage MOTORS’ extensive 15-year experience to provide a fresh and innovative car buying experience. In the coming weeks, MOTORS will unveil an all-new CazooContinue Reading
Debt Defaults Due to Higher Interest Rates Could Harm Economy, Warns Bank of England
The Bank of England has issued a warning that the UK economy could suffer if higher interest rates lead private equity-backed companies to default on their debts. In its latest financial stability report, the central bank highlighted the significant risk posed by the jump in borrowing costs since late 2021.Continue Reading
Labour Could Cut Taxes by £16bn, Say Economists
Economists from Capital Economics predict that Labour could benefit from a £16 billion spending boost if it wins the upcoming General Election, thanks to updated forecasts from the Office for Budget Responsibility (OBR). This potential fiscal headroom is nearly double the £8.9 billion announced in the March Budget. Rachel Reeves,Continue Reading
Balancing innovation and regulatory compliance for online child safety
Innovation and regulation must work together to foster trust in new technologies. Innovation pushes the boundaries of what can be achieved, keeping the industry continuously moving forward. Whereas, regulation drives the adoption of frameworks, providing mechanisms for accountability and helping organisations adapt to evolving challenges. It guides technological progress inContinue Reading