money

The Government has announced that it plans to introduce a new law capping the interest charges of payday loans.

The cap which has yet to be set will be decided by the Financial Conduct Authority (FCA), the new industry regulator.

The announcement marks a turnaround in policy as the government and the FCA have previously said that a cap was unnecessary.

The cap has been included in the Banking Reform bill which is currently going through parliament.

A similar cap has been introduced in Austrailia which has limited interest to 4% per month with a single one-...

Special prayers and collections will be held at churches across Devon this Sunday as congregations respond to the call to help those affected by the devastating Philippines typhoon.

The typhoon, one of the strongest storms to ever hit land, has torn apart the lives of more than 11 million people in the Philippines who are now in urgent need of food, water and emergency shelter.

Within the first 24 hours of The Disasters Emergency Committee (DEC) launching an appeal on Tuesday - including TV appeals fronted by presenters Myleene Klass and Kirsty Young - the total reached £13...

Like many people I quite like the TV programme Dragon's Den - I like the ideas pitched with a sprinkling of adrenaline and the hope. I love the hope. But I really don't like that the contestants (that's what they are, right?) have to persuade individuals, with their piles of money sitting gloatingly on the table in front of them, to patronise their ideas. Really I'd like to see all the contestants have to decide which idea deserves the money - even if it means supporting someone else's idea and not realising their own.

I've always been really interested in collective decision...

The majority shareholder of Exeter based airline Flybe has sold its entire shareholding.

The 48.1% stake owned by the Walker Family Trust through Rosedale Aviation Holdings Ltd was sold for £25.2m.

The move marks the end of a long standing relationship between the airline and the Walker family.

Late steel magnate and former owner of Blackburn Rovers Jack Walker bought the majority share of Jersey European airways in 1983, which was rebranded as Flybe in 2002.

The news comes after Monday’s announcement that Flybe will be cutting 500 jobs in a restructuring...

Construction staff from David Wilson Homes in Exeter swapped their regular hi-vis gear for pink jackets and hats as part of a fundraising effort for the Breast Cancer Campaign.

The construction team put their weight behind the Wear It Pink Day and the housebuilder has pledged to continue fundraising for vital and lifesaving research.

Sales director Lee Monk said: “Our Wear It Pink Day was a huge success on site and in our head office and we are thrilled and proud to have been able to support the Breast Cancer Campaign. Everyone thoroughly enjoyed becoming pink heroes for...

The billionaire capital of the world, Moscow, Europe’s largest city, wants to establish itself as a financial hub, despite loud calls that Russia is a ‘bad investment.’ Much attention is paid to Moscow’s billionaires as financial circles watch with intrigue as football clubs, Greek islands, and New York penthouses are bought up by Russia’s new class of wealth. Hedge funds first arrived in Moscow alongside the explosion of the Russian stock market in 2005-06, but the Western-managed firms, without specific exposure to the local market, didn’t emerge as hedge funds, but rather extra-big...

Update 24 October: Police confirmed today that they are no longer searching for the individuals in the photo as the suspects have been identified.

22 October: Police need help in identifying a man and woman following a theft from a supermarket in Newton Abbot.

On 6 October 2013 shortly before 3.30pm a customer requested £50 cash back from one of the self service checkouts at the Asda store in Highweek Street.

The customer picked up his shopping and walked away forgetting the cash. When he returned shortly afterwards the cash had been taken.

Police would like...

Tim Walker Head of Office and Divisional Director of Brewin Dolphin’s Exeter office, looks at the advantages of Self Invested Personal Pensions.

Self Invested Personal Pensions or SIPPs have become increasingly popular in recent years among those looking to build up a pot of savings for their retirement. While SIPPs enjoy the same tax benefits as traditional pension schemes and work in a similar way, they can offer greater flexibility and give you access to a wider range of investments.

With standard personal pension schemes, your investments are usually managed for you...

Consumers in Devon could be entitled to compensation if they have lost money as a result of their dealings with any one of several failed financial firms that Financial Services Compensation Scheme (FSCS) has declared in default.

FSCS is the UK’s statutory compensation scheme for customers of regulated financial services firms. A declaration of default means FSCS is satisfied the firm is unable to pay claims for compensation made against it. FSCS does not charge individual consumers for using its service.

The Scheme has already started paying compensation in respect of the...

A YouGov poll, commissioned by easyJet, today highlights that adults in the South West could have an extraordinary £170million of leftover foreign currency lying around at home.

The research released by easyJet, the South West’s largest airline, and its onboard charity partner UNICEF, the world’s leading children’s organisation, marks the start of the summer Change for Good campaign on 15 July. The campaign, which raises money for UNICEF’s work vaccinating children against deadly diseases, includes an onboard collection where passengers donate their loose foreign change to UNICEF...