Latest News
Financial and other news tailored to UK students and young adults, explained without unnecessary jargon.
Ghosted by employers: 1 in 3 adults jobless in east Birmingham suburbs
A third of people in some east Birmingham suburbs are unemployed, facing challenges in job applications. Many report being ghosted or told there's a better candidate. This trend highlights the difficulties in the job market for young adults.
Key takeaway: Unemployment rates are alarmingly high in some east Birmingham suburbs, affecting one in three adults.
Kebab firm fined £500k for selling lamb that was mostly skin and fat
Kismet Kebabs have been found guilty of considerable dishonesty for selling low-quality lamb. The firm was fined £500k by Swansea Crown Court. This case highlights the importance of food quality and consumer protection.
Key takeaway: Kismet Kebabs fined £500k for selling low-quality lamb
AI shopping scams: Don't trust ChatGPT's shopping tips
You're probably using ChatGPT to get shopping recommendations, but did you know that some of these suggestions might be scams? Fake websites are being created to take advantage of unsuspecting buyers who trust AI tools. This could cost you money and compromise your personal data.
Key takeaway: Be cautious when using ChatGPT for shopping recommendations, as some suggestions may lead to fake websites and scams.
Hundreds of job applications no guarantee of success
Four people who were applying for hundreds of jobs without success shared what they did differently to secure their first role. Their approach challenges common job application strategies. The individuals' experiences provide valuable insights for job seekers.
Key takeaway: A simple tip can significantly improve job application success rates.
Simple rule to stop impulse spending
The 48-hour rule is a straightforward technique to help people avoid making impulsive purchases. By waiting 48 hours before buying something non-essential, individuals can determine if the item is something they truly need or just a want. This rule can help people save money and make more intentional spending decisions.
Key takeaway: Waiting 48 hours before buying something non-essential can help you avoid impulse spending.
Housing crisis drives surge in advice service demand
The demand for advice services is increasing due to housing and cost of living pressures. Citizens Advice Guernsey reports a surge in queries. This trend is expected to continue.
Key takeaway: The housing crisis is driving more people to seek advice on managing their finances and housing situations.
Bank branch closures leave customers frustrated
The closure of high street bank branches and outages of mobile banking apps are causing frustration among customers, who still prefer to access banking services in person. A recent poll found that most Britons want to keep high street branches open. The issue has significant implications for students and young adults who rely on these services.
Key takeaway: Mobile banking app outages and high street branch closures are leaving customers without access to essential banking services.
UK's future growth relies on revamping skills pathways
The current skills system in the UK needs to be overhauled to drive future growth, with a focus on creating multiple pathways to obtain higher-level skills. This approach could help address skills shortages and improve employability. The report suggests that different pathways need not be in tension, but rather complement each other.
Key takeaway: The UK's future growth relies on revamping its skills pathways to address skills shortages and improve employability.
Wealth and Ethics: The Surprising Truth
The idea that accumulating wealth can't be ethical is often touted as fact. However, Adam Smith's enquiries suggest otherwise. His work provides a nuanced view of wealth and morality.
Key takeaway: Adam Smith's ideas suggest that wealth accumulation can be ethical under certain conditions.
Tribute to Robin Hartwell, music lecturer
Robin Hartwell, a senior music lecturer at Liverpool Hope University, has died at the age of 75. He was a well-respected figure in the music education sector and will be remembered for his contributions to the field. His legacy will continue to inspire students and staff alike.
Key takeaway: The music education sector has lost a dedicated lecturer in Robin Hartwell.
Labour's AI plan: jobs protection
Contrary to fears that AI will replace human workers, Labour's technology secretary Liz Kendall has promised to make AI 'work for the workers'. This move aims to support people whose jobs are threatened by automation, particularly young people.
Key takeaway: Labour plans to shape the adoption of AI to protect workers' jobs.
HMRC's bank account powers save £13m
The tax authority's powers to recover tax debts directly from bank accounts have had a surprising side-effect: saving £13m. This comes as HMRC reports the policy is a strong deterrent against tax fraud. The policy was reinstated to tackle tax evasion.
Key takeaway: HMRC's bank account powers have saved £13m through a side-effect.