Workers underpaid by a record £15.6 million

Workers underpaid by a record £15.6 million

More than 200,000 British workers are to share in a £15.6 million ‘bonus’ after their bosses were caught paying them less than the minimum wage. Her Majesty’s Revenue & Customs (HMRC) investigated social care, retail, commercial warehousing and the gig economy, alongside employment agencies, apprentices and migrant workers. They are all areas where non-compliance with …

Government problem debt failure costing £248 million

Government problem debt failure costing £248 million

Government failure to tackle problem debt has cost the UK more than a quarter of a billion pounds, claims the National Audit Office (NAO). It says treatment of individuals in serious financial trouble makes it more likely they will end up in state-subsidised housing. Furthermore, the policy of using intimidation and additional charges to try …

New rules begin for dealing with persistent debt

New rules begin for dealing with persistent debt

New rules from Britain’s financial watchdog for credit card debt are now in force. The Financial Conduct Authority (FCA) introduced the new regulations after examining 34 million credit card accounts to establish the way vulnerable people were trapped by persistent and escalating debt. In the red An estimated four million cardholders are persistently in the …