‘We lost our life savings in a cryptocurrency scam’
With the popularity of cryptocurrency on the rise, many people are encountering fraudsters. The older generation are falling into the trap of handing over large quantities of money to withdraw their money from cryptocurrency accounts.
Martin Lewis,said: “The UK is facing an epidemic of scam adverts.”
A host of charities have been calling for scam adverts to be included in the government’s Online Safety Bill, which will soon be scrutinised by MPs and Lords.
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Defaults on Bounce Back Loan repayments lower than feared
A banking executive said that five per cent of all Bounce Back Loans were already repaid in full on the date that interest-free payment ended, suggesting that not all the loans were taken out of desperation, but out of caution.
Figures suggest that the defaults on the BBL total to £5bn, which is lower than the expected tens of billions predicted last year.
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Retailers call for half of rent backlog to be waived
The Commercial Tenants Association is calling on the government to adopt a different strategy to deal with commercial rent debt.
With the pandemic affecting retailers from opening and receiving less profit, The Communities Secretary are calling for at least 50 per cent of rent debts to be waivered, to protect businesses from closing.
Landlords however, are becoming frustrated that larger retailers have resisted paying their full rent, even though they have been open for over 4 months.
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Petrol prices at eight-year high, says RAC
The price of petrol has reached an eight -year high since 2013, with the price of a litre of petrol now at 135.13p and diesel now costing an average of 137.06p a litre, it’s highest price since 2014.
Will prices continue rising?
It is hard to see prices falling anytime soon, said RAC fuel spokesman Mr Williams. Confidence is building that there will be a global economic recovery and as trade picks up, this is increasing demand for oil.
But as demand outstrips supply, wholesale fuel prices are pushed up, which has a knock-on effect for motorists.
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