Uk Finance

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The Insolvency Service has been granted new powers to tackle unfit directors who dissolve companies to avoid paying their liabilities. The new legislation extends the Insolvency Service’s powers, on behalf of the business secretary Kwasi Kwarteng, to investigate and disqualify company director

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Mortgage lenders have announced a voluntary moratorium on possessions from Monday 13 December until Tuesday 4 January 2022. The industry is committed to providing ongoing support to those in financial difficulty as a result of the pandemic, especially those who may be worried about making their mort

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UK Finance has announced that the national roll-out of the new £100 spending limit for contactless card payments will begin today. Consumers will start to see retailers accepting contactless card payments up to £100, which will give them more flexibility when shopping in store. This will

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UK Finance is urging the British public to donate the spare change they have accumulated during the pandemic to charity. Figures from UK Finance show that the British public is sitting on piles of loose change worth an estimated £50 million. Along with the Charities Aid Foundation, UK Finance

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The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, according to UK Finance. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority following a public c

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More than £700,000 is being lost to bank transfer scams every day, new Which? research has revealed as the consumer champion calls for stronger protections to fix an unfair and inconsistent industry approach to reimbursement that currently results in less than half of losses being returned to

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Criminals and scammers are taking advantage of young people's Covid-related financial troubles to hire them to unknowingly launder money, according to Cifas, the fraud prevention services.

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