
The SIX savings accounts you should beware... they suck you in with great rates... but this small print could cost you: SYLVIA MORRIS reveals the worst offenders
Savers looking for a top easy-access account need to watch out. Eye-catching rates may look enticing, but dig a little deeper and things start to look very different.
I've trawled through the small print of six top-paying accounts – which all pay over 4.5 per cent – to find the details that are likely to slip you up.
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Glasgow Times
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Rhyl Journal
34 minutes ago
- Rhyl Journal
UK economic growth downgraded due to tariffs and cost hikes
Rising costs are set to cause 'weak' business investment and weigh on the Government's ambitions to accelerate growth in the UK economy, the Confederation of British Industry (CBI) said. The influential trade body's latest economic forecast indicated that the UK economy is on track to grow by 1.2% this year. It had previously predicted a rise of 1.6%. It also downgraded its growth forecast for 2026 from 1.5% to 1% for the year. The CBI highlighted that the UK has seen strong growth over the start of the year, rising by 0.7% in the first three months of 2025. But it suggested underlying activity 'remains sluggish' due to persistently weak demand and gloomy sentiment among businesses. It added that higher employment costs linked to the autumn budget, including rises to national insurance contributions and the increased national minimum wage, have impacted firms. It said this has fed into higher pricing and reduced capital expenditure and hiring among many firms. Meanwhile, higher US tariffs from President Trump's administration have also created headwinds for exports to the US and hindered investment from multinational companies in the UK. It comes after Donald Trump and the Prime Minister finalised a US-UK deal intended to slash trade barriers on goods from both countries while at the G7 summit in Canada earlier this week. Louise Hellem, chief economist at the CBI, said: 'Our latest economic forecast underlines the challenges facing businesses and the wider economy as they're buffeted by domestic and global headwinds. 'The unpredictable global outlook combined with rising employment costs, gloomy business sentiment, and subdued investment intentions means it's more important than ever that government pulls all the levers it can to set the UK on a path to sustainable growth. 'With GDP (gross domestic product) set to remain modest in 2026, there is an important opportunity for the government to fire up the growth agenda in the forthcoming Industrial Strategy. 'With the cumulative burden of increased costs being felt by firms across the economy, it is vital the Industrial Strategy helps drive a thriving environment for all businesses.'


Glasgow Times
34 minutes ago
- Glasgow Times
Citizens Advice says it helps someone with a disability aid complaint every hour
The charity said it helped someone with a complaint about a disability aid 'every hour', with 48% of all complaints relating specifically to mobility vehicles. Faulty goods made up more than two-thirds (69%) of disability aid issues reported to the charity's consumer service, including products that were unsafe, of poor quality, broken shortly after purchase, or never worked to begin with. The advisory service said it had dealt with cases where people were stranded over their bath, stuck on the top floor of their house waiting for delayed repairs to a stairlift, or left in pain from using products which did not meet their needs. In total, 70% of all complaints were specifically about aids designed to help people with mobility, including – as well as mobility scooters – stairlifts (12%) and mobility and bath aids (10%). A UK-wide survey by the charity found that around one in seven people (7.4 million) bought an aid for themselves or someone else in the last year. It warned that people buying disability aids experienced problems at every point of the process, from confusing and technical product information and poor customer service to poor quality items and a lack of warranty support. Citizens Advice chief executive Dame Clare Moriarty said: 'Too often, disabled people are being failed by a disability aids market that isn't meeting their needs – and instead of offering support, it's creating new barriers. 'Problems like faulty products and poor service don't just leave people out of pocket, they can leave them literally stranded or unable to carry out even the most basic tasks. Having to battle to resolve problems only makes this worse. 'In this growing market, it's vital consumers are armed with the correct information before making a purchase. We urge people to do their research, know their rights and stay safe when buying – and remember we're here to help.' John Herriman, chief executive at the Chartered Trading Standards Institute (CTSI), said: 'These findings are deeply concerning and highlight just how vital effective consumer education is for disabled people to help ensure accessibility and inclusion. 'Alongside enforcement, we need to ensure disabled consumers are empowered with the right information to make informed choices, recognise poor practice, and know where to turn for help. 'CTSI is committed to working with partners and the Approved Code Scheme provider – the British Healthcare Trades Association (BHTA) – to raise awareness, and support education efforts to protect all consumers, and ensure businesses are held to the standards they should be meeting.'