Uber loses $1bn in first quarter

Uber saw losses widen to $1bn in its first quarterly update as a listed public company. Losses at the ride-hailing app doubled year-on-year during...

Economic insecurity is rising – especially for gig workers

Gig economy workers and the self-employed are the least prepared for automation or Brexit, according to a think-tank. A report by The...

CURRENCY HEADLINES

BANKING

First Direct ditches £10 a month fee for 1st Account

Written by: Emma Lunn 16/08/2019 First Direct has scrapped the monthly fee on its current account. HSBC-subsidiary First Direct is making its flagship current account, the...

MORTGAGE NEWS

MONEY HEADLINES

NHS staff borrow more than £45m in payday loans

Written by: Emma Lunn 16/08/2019 Financial wellbeing platform FairQuid claims that 59,037 members of NHS staff borrow £45.1m in payday loans every year. The firm’s...

Brits are spending more on credit cards, but owe less

Written by: Emma Lunn 16/08/2019 Consumers spent £16.9bn on credit cards in May, up 2.3 per cent in a year, according to UK Finance. Brits...

Monzo starts offering loans to current account customers

Written by: Emma Lunn 16/08/2019 The challenger bank has added a range of personal loans to the products available through its app-based bank account. App-only bank...

A third of Brits put spending on hold due to Brexit

Written by: Emma Lunn 16/08/2019 Brits are also pulling back from investing in stocks and shares, choosing the safety of cash instead. About a third (30...

Economic insecurity is rising – especially for gig workers

Gig economy workers and the self-employed are the least prepared for automation or Brexit, according to a think-tank. A report by The...

PENSIONS

INVESTING

A third of Brits put spending on hold due to Brexit

Written by: Emma Lunn 16/08/2019 Brits are also pulling back from investing in stocks and shares, choosing the safety of cash instead. About a third (30...