You are here

Theresa May urged to halt Universal Credit roll-out

Families could be left homeless and destitute if Theresa May insists on pressing ahead with Universal Credit, a former top adviser has warned. Dame Louise Casey urged the prime minister to pause the roll-out of the new benefit system so it can be fixed. She told BBC Radio 4’s PM the consequences for families “close to the edge” could be “dire”. Twelve Conservative MPs have written to work and pensions secretary David Gauke to call for the same thing. Universal Credit ‘a factor in rent arrears’ The government says the…

Read More

Labour pledges law to cut credit card debt

Legislation limiting the amount of interest that can be charged on credit card debts is being promised by the Labour Party. Under the changes, nobody would pay more in interest than they had originally borrowed. Shadow chancellor John McDonnell says more than three million people are “trapped” by credit card debt. He will unveil the planned change in the law in a speech at Labour’s conference in Brighton. Labour said the changes would work in a similar way to measures on payday loans, which came into force in 2015. The…

Read More

UK's credit rating downgraded by Moody's

The UK’s credit rating has been cut over concerns about the UK’s public finances and fears Brexit could damage the country’s economic growth. Moody’s, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1. It said leaving the European Union was creating economic uncertainty, at a time when the UK’s debt reduction plans were already off course. Downing Street said the firm’s Brexit assessments were “outdated”. Let’s block ads! (Why?) BBC News – Home

Read More

Equifax data breach: Credit rating firm replaces key staff

US credit report giant Equifax has replaced two senior staff after revealing last week it had suffered a massive data breach. Data on up to 143 million Americans, about 400,000 Britons and a number of Canadians may have been stolen by hackers between mid-May and July. The chief information officer and chief security officer have both stood down. Equifax faces dozens of legal claims over the breach, which the US Federal Trade Commission is investigating. Social security numbers, birth dates, addresses and driving licence numbers for up to 143 million…

Read More
Gossip 

Why did Right Said Fred get a credit on Taylor Swift's single?

Right Said Fred have been credited as writers on Taylor Swift’s new single in one of the most bizarre musical combinations of the year. The chorus of Taylor’s new single Look What You Made Me Do follows the same rhythmic pattern as I’m Too Sexy. After the song was released overnight, the duo tweeted: “Thank you Taylor Swift, what a marvellous reinvention!” The group’s spokesman confirmed to the BBC they were approached by Taylor’s team in advance of the release. The band gave their permission for the song to be…

Read More
Technology 

Credit card with a fingerprint sensor revealed by Mastercard

A payment card featuring a fingerprint sensor has been unveiled by credit card provider Mastercard. The rollout follows two successful trials in South Africa. The technology works in the same way as it does with mobile phone payments: users must have their finger over the sensor when making a purchase. Security experts have said that while using fingerprints is not foolproof, it is a “sensible” use of biometric technology. ‘Nine changes’ Mastercard’s chief of safety and security, Ajay Bhalla, said that the fingerprint technology would help “to deliver additional convenience…

Read More
Technology 

CES 2017: Intel reveals credit card-sized modular computer

Intel has revealed a computer that is roughly the size of a credit card. The Compute Card can operate as a PC or act as the brains of other electronics. The US tech firm gave BBC Click’s Spencer Kelly an exclusive first look before its official launch. Follow all our CES coverage at bbc.co.uk/ces2017 Click will broadcast a CES-themed special this weekend. This article passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.Recommended…

Read More
Scroll Up