TECHNICAL GLITCHES CAUSED CARD CHAOS FOR MILLIONS IN PAST YEAR
MORE than seven million people are estimated to have been left unable to use their payment card due to IT problems in the past year, according to Which?
One in seven (14%) people surveyed for the consumer group could not use their debit or credit card due to an outage in the last year – equating to 7.3 million people if the figures were projected across the UK.
Nearly half (49%) of those affected said they could not pay for goods and services at the point of sale as a result. One in 20 (5%) experienced the problem more than once.
AVERAGE PROPERTY PRICE TAG MOVES CLOSER TO NEW RECORD
THE average asking price on a home across Britain is less than £100 away from reaching a new record, according to Rightmove. Across Britain, the average asking price on a home in June stood at £309,348. Average prices were closing in on a record high of £309,439 seen in June 2018, Rightmove said.
‘BANK OF MUM AND DAD’ EXPECTED TO HAND OUT £6.3BN THIS YEAR
PARENTS are predicted to hand out £6.3 billion-worth of loans this year, making them equivalent to the UK’S 11th biggest mortgage lender, according to Legal and General and the Centre for Economics and Business Research (Cebr).
The ‘bank of mum and dad’ is also becoming more generous, handing out £24,100 on average, which will help younger generations onto the housing ladder.
This is more than £6,000 higher than the average contribution last year of £18,000.
FINANCIAL FACT: A total of £35.3 billion in compensation has been paid back following PPI (payment protection insurance) mis-selling claims since January 2011, the Financial Conduct Authority (FCA) has revealed.
Some £334.3 million was paid in April 2019 alone. The deadline for making a complaint about PPI is August 29, 2019 – and those who miss it face not getting their money back.
Tech glitches can cause card chaos