Financial news

• Interest-free loans: Hammond's plan to solve problem debt

  28-10-2018 18:58 via theguardian.com
  Government says loans will help people trapped in debt caused by payday lendersThe government is to explore the idea of zero-interest loans to help the millions of people trapped in a cycle of problem debt caused by borrowing from high-cost providers such as payday lenders.Campaigners welcomed the development, which will be unveiled by the chancellor, Philip Hammond, in the budget on Monday, but they called on the government to go further to protect low-income households from exploitative lendin
  
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• Beware firms trying to take a cut of your flight delay claim … you can do it for free

  28-10-2018 08:00 via theguardian.com
  Travel agent Expedia is now partner to one of a myriad of companies offering to ‘help’When Martin Bennett’s British Airways flight to the US was cancelled he decided to apply for compensation due under EU law. Before he could contact the airline, he received an unsolicited email from Expedia, the travel agent which booked his flight. It commiserated with him over his ordeal and declared that he may be entitled to up to €390 (£346) per person.“Expedia and our pa
  
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• Cuts in nursery funding ‘have hit poor areas hardest’

  28-10-2018 06:59 via theguardian.com
  As childcare providers see their income fall, many will be forced to close without a cash boost in the budgetParents have been warned they face rising childcare costs as new research reveals that nearly half of all nurseries, pre-schools and childminders in England are receiving less government funding than five years ago.Department for Education figures, analysed by independent research firm Ceeda and seen exclusively by the Observer, show 60 local councils in England paid childcare providers u
  
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