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Thousands of customers of M&S Bank will be looking for a new current account in August after the supermarket bank said it was closing its banking services to focus on credit cards and digital payments. The bank, half-owned by the supermarket and HSBC, said a small percentage of its 3million customers will be affected by the change, which has come out of the blue to account holders. It has already taken the current account off-sale for new applicants and will close all of its accounts in August. M&S Bank is closing 29 in-store branches and its current account in the summer ....
Britain s transition into a nation of accidental savers last year certainly had an impact on its credit card bill. Those with extra disposable income and nowhere to spend it as a result of the lockdown opted to pay down their debts and fatten their bank balances, where once the nation eschewed a savings habit. Britain owed £58.4billion on credit cards at the end of 2020, according to the Bank of England, down 16.2 per cent from the end of 2019, after billions of pounds were paid off balances last year. After a new credit card? We pick six of the best available in this regularly updated guide ....
By Ellis Hawthorne2020-10-27T15:00:00+00:00 The pandemic has wreaked havoc on the economy and, as a result, the supermarkets have had to make big changes to keep their prices in line with tighter shopper budgets. We’ve seen moves to everyday low pricing, round pound promotions and new value ranges – here’s how the retailers have played the price war this year Tesco Tesco was the first domino to tip on everyday low pricing in 2020. The changes began in early July, when it emerged the retailer told suppliers they had until 10 July to agree to drop their prices. By August, Tesco had cut prices on almost 600 ambient SKUs across a raft of categories including crisps, bread, condiments, snacks, confectionery and cereal [Edge by Ascential 9 w/e 19 August 2020]. ....