‘Smart’ meter timetable ‘unrealistic’

‘Smart’ meter timetable ‘unrealistic’

Government plans to have every home in Britain fitted with a ‘smart’ meter for gas and electric have been branded as ‘unrealistic’ by Citizens Advice. The rollout of the meter installation programme has been plagued with problems, including the fact that some of the first generation units no longer work properly. Deadline But the Department …

Payday lenders collapse owing massive compensation

Payday lenders collapse owing massive compensation

Hundreds of thousands of payday loan customers jointly owed £223 million in compensation from collapsed lenders Wage Day Advance and Juo have been told they will only receive a fraction of what they are owed. Borrowers who made complaints last year about being mis-sold were paid an average of £850. But both companies went into …

Regulators need to prove they protect consumers

Regulators need to prove they protect consumers

Britain’s spending watchdog has criticised four of the country’s top regjulators, saying they need to prove they are offering enough protection to the people who need it. In a new report the National Audit Office (NAO) has said that while the Financial Conduct Authority (FCA), Ofgem, Ofwat and Ofcom all understand the ‘significant difficulties’ faced …

Brits £19 billion in arrears on household bills

Brits £19 billion in arrears on household bills

Falling into arrears with basic household bills is forcing thousands of British adults to seek help in dealing with their debt problem. A new report by Citizen’s Advice says it’s not over-spending that’s getting people into trouble but normal household bills like council tax, rent, energy and water. Busiest Figures show that the busiest day …