News

Personal finance experts have warned overdraft users to find out just how much they could soon be paying in interest on their facilities as new rules affecting those products come into effect from April.

The national living wage (NLW) applies to workers over the age of 25, and on 1st April 2020 is set to increase by 6.2% from £8.21 per hour to £8.72 per hour. This pay rate is legally binding for employers in Scotland and around the UK.

It will soon be illegal for gambling companies to allow their customers to place bets via credit card payments.

Universal Credit (UC) is pushing Scots into debt when they are already struggling for money and the entire system around the benefit should be fundamentally reformed.

More than third of all Scottish companies were thought to be at a “higher than usual” risk of entering a position of insolvency during December of last year.

Concerns about money are a cause of stress for one in three workers across the UK, according to a new set of figures.

Many thousands of Scots are feeling the financial squeeze and have found themselves with growing money worries this year.

Almost one in three people living across Britain will rely on some form of borrowing to cover the costs of Christmas.

Consumers across Scotland are being urged not to let their financial situation deteriorate drastically through an overreliance on debt this Christmas.

The country’s leading food bank charity has said that it handed out more food parcels than ever before between April and the end of September this year.

Users of foodbanks across the UK are living on an average income of £50 per week once their rent has been paid, according to a new study.

Campaign groups are calling for there to be an increase to amounts of money being distributed via the Scottish Welfare Fund after it was revealed that more and more people are applying for its emergency funds.