POUND NOTES

FINANCIAL FACT

IF you still have any old paper £10 Bank of England banknotes featuring Charles Darwin, above, make sure you use them by March 1, 2018.

The Bank has just announced they will cease to be legal tender after this date, following the introduction of the plastic £10 note featuring Jane Austen on September 14.

After March 1 next year, it will still be possible for Charles Darwin notes to be exchanged at the Bank of England.

‘WILLINGNESS TO SHARE DETAILS’ COULD PUT YOUNG ADULTS AT RISK OF FRAUD

YOUNG adults’ willingness to share personal information online could be putting them at greater risk of fraud, a report warns.

While older people are often seen as less tech-savvy, potentially putting them at greater risk of fraud, NatWest found that less cautious behaviour among those aged 18-24-year-olds in particular could be making them vulnerable.

NatWest commissioned think tank Policy Network to look into financial fraud trends.

NEARLY TWO-THIRDS ‘ADMIT LACK OF MORTGAGE UNDERSTANDING’

MORE than a quarter of mortgage holders do not know what interest rate they pay, a survey has found.

Some 27% of those with a mortgage admit they do not know what rate they are on, a survey of more than 2,000 people for campaign group the Homeowners Alliance found.

Nearly two-thirds (64%) of adults admit their understanding of mortgage terminology is ‘not good’.

CONSUMER SPENDING ‘DECLINED IN RUN-UP TO CHRISTMAS TRADING SEASON’

THE pre-Christmas trading season got off to a poor start for retailers, with consumer spending declining at the fastest annual pace seen in over four years, according to an index.

Spending declined for the fifth time in the past six months in October, with clothing retailers being the worst hit, according to Visa’s UK Consumer Spending Index.

Overall spending fell by 2% annually in October, the quickest decline seen since September 2013.