Day: April 8, 2019

    A credit score may not be the first thing that pops into many consumers minds when they are considering their financial future. For some people, it may not even be something they have ever looked into. Credit scores, however, can have a major impact on the prospect of borrowing to buy big-ticket items such as a car or a house. They may also matter for areas such as employment possibilities, as well as obtaining consumer goods such as a mobile phone. With that in mind, here’s why now could be the right time for all consumers to take a closer look at their credit score. What is a credit score? A credit score provides a snapshot of an individual’s risk level from the perspective of a lender. It focuses on past borrowings and whether a consumer represents a good credi...

    Theresa May has said she agrees with the Labour Party on certain aspects of Brexit, but time is running out for the prime minister to reach a compromise deal ahead of a summit with European leaders this week. Mrs May has angered Tories by holding talks with Jeremy Corbyn, with Brexiteers including Boris Johnson concerned she will accept a customs union as the price for a deal with the leader of the Opposition. Mrs May has told European Union leaders she wants a delay to Brexit until 30 June at the latest, with the possibility of an early exit if she can get a deal through parliament. But Brussels is expected to demand a clear strategy from Mrs May at a meeting of EU leaders on Wednesday and could insist on a longer delay which would require the UK to participate in...

    Jaguar Land Rover has begun its week-long factory shutdown as part of its plans for Brexit, on the day the company posted lower sales in Europe and China. JLR’s four main manufacturing sites in the UK at Castle Bromwich, Solihull and Wolverhampton in the West Midlands, and Halewood in Merseyside, which employ 18,500 people, are closed from Monday until Friday. The production shutdown at Britain’s biggest carmaker is in addition to its usual Easter closure, which runs from next week until 30 April. The extension was agreed with staff in January to prepare for potential Brexit disruption, when the UK’s scheduled departure date from the EU was 29 March. Theresa May is locked in talks with Labour to come up with a plan she can take to an emergency European council sum...