Welcome to the Money blog – your source for the latest in personal finance and consumer news and tips. We invite you to leave a comment on any of the stories we’re covering below.
In recent news, Barclaycard has announced that they will be cutting minimum repayments for credit card users. While this may seem like a positive change, it could actually end up costing consumers a significant amount of money in the long run.
In other finance news, savers have a rare opportunity to make the most of their money. However, experts warn that this opportunity may be short-lived, making it important for savers to act quickly.
For foodies, a two Michelin-starred chef has shared his favorite cheap eats in Birmingham. And in the world of business, a group of women have defied traditional gender roles to start a successful virtual cancer care business, raising £5 million in the process. These women share their struggles and successes in a male-dominated industry.
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In retail news, John Lewis has announced that they will be keeping their school uniform prices frozen for the fourth year in a row. The department store chain also offers an online school uniform checklist to help parents prepare for the new school year. They also provide a free shoe-fitting service and have not increased the prices of their school uniform products in the last three years.
Meanwhile, Cineworld is planning to close dozens of British cinemas as part of a major restructuring effort. The company, which was listed on the London Stock Exchange until last year, is considering closing around a quarter of its roughly 100 multiplexes. They also plan to renegotiate rent agreements at 50 other sites. These proposals are expected to be presented to creditors, including landlords, in the coming weeks.
Thank you for reading our latest news roundup. Be sure to stay tuned for more updates on personal finance, consumer news, and more.
