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The cost of becoming a fashion icon

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Forget fast fashion – a new study has looked at the cost of becoming an icon by acquiring some of the most famous pieces of all time – but the iconic look doesn’t come cheap.

Female fashion fans will have to fork out over £20,000 to get their hands on the five most iconic style items in history – including a Birkin bag, Louboutin heels and a Burberry trench coat.

The money saving team at PromotionalCodes.org.uk have dug deep into the style archives and worked out how much it would cost to buy five of the most well-known fashion items for both men and women.

With the success of this month’s London Fashion Week as well as New York, Paris and Milan, all eyes are on the fashion world to discover what will soon be next season’s hottest trends.

But while some styles come and go, all of these items have stood the test of time and are still paraded down the catwalks to this day.

The research looked at the prices of each historic item and how much would have to be forked out to complete both five-piece collections – all in all totalling a whopping £34,870.

In comparison, women would have to shell out £22,500 for the full set compared to just £12,370 for men.

WOMEN

  Item Price
1. Hermes Birkin Bag in 35 Bleu Hydra Togo £14,990
2. Chanel 2.55 Handbag £3,250
3. Yves Saint Laurent Le Smoking Suit £1,940
4. Burberry The Westminster Trench Coat £1,895
5. Christian Louboutin Pigalle Patent Shoes £425
Total Cost: £22,500

For label loving ladies, the research took into account products such as the classic quilted Chanel 2.55 handbag, the iconic Burberry trench coat and the bright-soled Christian Louboutin shoe.

All of the items are coveted by fashionistas across the globe but come at enormous prices – with the most expensive item being the hugely desired Birkin bag.

Made famous by A-List celebrities including Victoria Beckham, Kim Kardashian and Elizabeth Hurley, it comes with an eye-watering price tag of £14,990.

Miss VB is such a fan of the designer item in fact that she has over 100 in total – which altogether are worth nearly £1,500,000.

Second in expense for women style collectors is the quilted Chanel 2.55 handbag, which comes with the whopping price tag of £3,250. A firm favourite in the world of accessories, it makes a regular appearance on the front row and is worn by stars such as Blake Lively, Alexa Chung and Lauren Conrad.

Also making an appearance in the list is the iconic red sole of Christian Louboutin heels. Famous across the world, the shoes are coveted by women of every generation and were first worn by the Princess of Monaco. Just a glimpse of the trademark red sole can send shivers down clued-up fashion followers.

For the men, the most expensive item to collect is an Omega Speedmaster Professional watch. A top of the range design will set you back a hefty £7,100 – as seen worn by George Clooney, Barack Obama and Leonardo DiCaprio.

MEN

Item Price
1. Omega Speedmaster Moonwatch Co-Axial Chronograph Watch £7,100
2. Ralph Lauren Dark Peak Lapel Tuxedo Suit £3,830
3. Louis Vuitton Keepall Bandouliere 55 Bag £1,090
4. Dr Martens Arthur Boanil Brush Boots £200
5. Levi’s 501 Original Fit Jeans £150
Total Cost: £12,370

 

Joining the ranks as one of the most luxurious fashion items for men is a Ralph Lauren Dark Peak Lapel Tuxedo, priced at £3,830. Inspired by The Great Gatsby, the Italian tailored tuxedo features a fully lined peaked-lapel jacket and a pair of satin-striped trousers – the epitome of style.

At the other end of the scale, male shoppers who don’t want to splash the cash but still want to be on-trend can purchase a pair of Levi’s 501 Original Fit Jeans for £150.

This classic design can now be spotted in high streets across the UK but is still regarded as a historic piece of fashion, and have been labelled the oldest and best-selling jeans of all time.

A spokesperson for PromotionalCodes.org.uk said: “Fashion fans always want to get their hands on the latest must-have item, but what’s even better is owning a fashion product that has been made iconic by celebrities, designers and brands.

“However, as the research shows, this doesn’t come cheap. It is startling to see that famous fashion items can range from just £37 to a mind-staggering £15,000.

“The world is going style crazy at the moment with this year’s September fashion weeks in full flow. Many of these items have been photographed front row at high profile catwalk shows – showing just how popular they still are.”

How to Keep Safe When Shopping Online

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When shopping online and on the go with smartphones, personal and bank details need to be secure.

Electronic payment can be safe, fast and convenient, but also a dangerous place for your personal details.

Here are some tips to help you keep safe…

Always look for the lock symbol

The lock tells you the page has Secure Sockets Layer encryption installed. An icon of a locked padlock will appear, typically in the status bar at the bottom of your web browser, or right next to the URL in the address bar – depending on your browser. If the page does not possess this, stay well clear.The lock symbol appears on only the most secure sites, such as FootieLive, an online gambling affiliate destination where it is safe and easy to bet.

Contactless Payments

Another ever increasing method of payment is contactless, such as Apple pay. To keep safe, make sure you authorise every purchase and your card details are safe, protected by numerous anti-hack walls – this stops drive by hacks accessing your data, through the Near Field Communication system in your device. If you lose your iPhone or Watch, immediately put it in Lost Mode, this locks your Secure Element so nobody can make purchases on your account.

Use a safe payment method

This is crucial if you hope to keep your details safe. Things like PayPal support nearly all e-commerce sites. Websites like PayPal that encrypt your personal information, should be considered for safe electronic transactions, and keeps on top of all advancements in technology, allowing you to stay ahead of scammers.

Keep your computer virus free

It is paramount you update your anti-virus and malware software regularly, to block out intruders. Without it, your details are at risk and are likely to subject to phishing, which is individuals attempting to acquire sensitive information such as usernames, passwords, and credit card details.

Make your Wi-Fi private

If you head out and shop on the go, only use the wireless network if you can access it through a virtual private network (VPN) connection. This helps ward off scammers and people trying to access your information through a shared connection.

Why is Professional Indemnity Insurance Crucial in a Culture of Blame?

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As a general rule, the phrase ‘it’s my fault’ is being eroded from modern discourse, as concepts such as accountability become increasingly old-fashioned. This is particularly true in nations such as the UK and the US, where a culture of blame and compensation has gripped society and influenced the way in which we treat one another as individuals.

Arguably, the prevalence of compensation culture has grown in a climate of economic uncertainty, in which people are increasingly likely to sue and seek financial remuneration for professional lapses in judgement. While this may be understandable to some, it creates an extremely corrosive and dangerous environment for professional service providers such as solicitors, while it also erodes basic human principles such as trust and integrity.

blame-culture

Image: – Business World Computing

The Threat Facing Solicitors and the Need for Indemnity Insurance

For those who work as professional solicitors, it is simply no longer viable to serve private clients without first taking out additional protection. This is available in the form of professional indemnity insurance, which is a critical overhead that can simply not be ignored in a poisonous and odious culture of blame.

So what exactly is this financial product, and how does it work? Consider the following: –

Understanding professional indemnity insurance

Essentially, professional indemnity insurance protects those working within a sector offering important advice and services. It basically covers you if something goes wrong with the work you supply or because of any advice you provide. Even the most competent professionals can make mistakes and unfortunately when that happens, you leave yourself wide open to negligence claims regardless of whether they are balanced or just.

Solicitors are particularly vulnerable to negligence claims, hence why this type of insurance becomes so important. In fact, it’s a legal requirement for solicitors to have professional indemnity insurance cover, which at least protects practitioners from the most frivolous claims in the modern age.

Why it matters, now more than ever

So why is it so important for solicitors to have professional indemnity insurance? Well, without it you could literally find yourself out of business. If you do make a mistake or are believed to have breached protocol and have a negligence claim is brought against you, the legal fees would be significantly high. If you don’t have a lot of spare cash lying around, you could end up being forced out to enter administration. So financially, it’s important to have the right level of cover.

It also matters to your reputation. When clients choose to use your advice, they want to know they are covered in case something goes wrong. Say you were to provide the client with incorrect advice which ends up having a seriously negative impact on their life – they would expect a lot of compensation! If you weren’t covered, you’d be unable to provide this and your reputation would seriously plummet. A client is also much less likely to choose you if you aren’t insured.

Remember, blame culture changes the way in which we perceive others and the service providers that we choose to partner with, so it is important to safeguard your professional advice in the face of hostility.

Also, as mentioned earlier, professional indemnity cover is a legal requirement for actively working solicitors. So, if you don’t have it you’re essentially breaking the law and the repercussions of that are severe!

One thing you need to know is that where you get your professional indemnity cover from is equally as important as having it in the first place. No two insurers are equal.

Overall, professional indemnity insurance is something all solicitors need, regardless of what area of the law you specialise in. Be sure to take out the correct amount of cover too and read through the policy terms and conditions before signing, as this is a crucial requirement often overlooked by professionals.

Ideally, of course, we would live in a world where trust and integrity were Omni-potent and professional indemnity insurance was an unnecessary evil. This is not the case, however, and this type of financial product will remain in high-demand for as long as blame culture continues to dominate our society.

Three former directors of Tesco accused of artificially inflating estimated profits as part of a £263 million scam appeared in court today (THURS).

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Ex-managing director of the supermarket giant Chris Bush, 50, former finance director Carl Rogberg, 49, and ex-food commercial director John Scouler, 48, are accused of overstating estimated profits given to the City.

The Tesco trio appeared at Westminster Magistrates’ Court each charged with one count of fraud by abuse of position and one count of false accounting.

The fraud is said to have taken place between February and September 2014.

Scouler, wearing a dark suit, light blue shirt and navy tie, Rogberg, dressed in an open collared light blue shirt and a fleece, and Bush, wearing a dark suit, light blue shirt and red stripy tie, spoke only to confirm their names, ages and addresses.

The first charge of abuse by position was read to them by the court clerk.

The charge alleges: “Mr Christopher Bush, Mr Carl Rogberg, and Mr John Scouler.

“Between first day of February and September 23rd, 2014, you abused your position as senior employees of Tesco PLC and Tesco Stores Ltd, in which you were expected to safeguard but not act against the financial interests.

“You did so dishonestly and intending to make a gain for yourself, or expose another to a loss.”

They are also said to have concealed “the true financial position from auditors” and from “other persons employed by Tesco PLC”.

Lawyers for the three men indicated not guilty pleas for both counts.

District Judge Vanessa Baraitser told the trio: “Your cases are not suitable to be heard in this court, and I am therefore going to send you to the Crown Court for your trial – in any case, that is the Southwark Crown Court, the next date being October 20th.

“I am going to remand each of you on unconditional bail. There are no restrictions on your liberty.”

Bush, of High Wycombe, Buckis, Rogberg, of Chiselhampton, Oxford, and Scouler, of St Albans, Herts, were granted unconditional bail.

The Serious Fraud Office launched a probe into accounting practices at Tesco in October 2014, after the firm admitted it had overstated profits by £263 million.

An investigation by the Serious Fraud Office into Tesco PLC remains ongoing.

They are due to appear at Southwark Crown Court on October 20.

Are brick and mortar a more reliable option for retirement?

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Over the years we’ve seen brick and mortar provide huge return for lots of people, thus persuading them to look at their property or home as their personal pension. There are crystal-clear reasons for wishing to depend on property, either buy-to-let or main residence, and thus make sure your lifestyle is well-funded before you retire. One of the main benefits of property is the tangible characteristic, which makes it completely different from stocks, shares or bonds. It is an appealing form of investment because it is physically owned, as opposite to the general notion of ownership in alternative assets.

Be aware of hidden costs

Every property owners must know that selling or buying property comes at a cost – survey fees, legal costs, real estate agency fees, realtor fees, etc. Furthermore, there are specific annual costs for maintenance and legal safety certificates. Make sure you know about these otherwise you might end up seeing lower returns.

In spite of the costs involved, the average individual still sees property as a worthy form of investing or saving for retirement. As opposite to pensions, you cash is not locked until you reach your retirement age. Healthy income and stable returns from residential or commercial property is an appealing alternative for those concerned about the stock market’s volatility. Nonetheless, property is a form of investment, and one must be aware that hidden costs and potential pitfalls may arise.

The benefits of owning property

When investing in property for retirement, owners must look at the bigger picture first. At the end of 2012 it has rendered an annual return of 11.2% compared to additional forms of investment such as bonds (7.6%) and equities (5.1%). Nevertheless, the price increase of real estate has had a great influence on the real estate market, both in Europe and in the US. Experts claim that residential property in particular is booming.

Smart retirees know that there’s more to property investing than meets the eye. Apart from owning a home and paying off a mortgage until you can become an owner, there are additional forms of investment only savvy investors might be willing to consider. House flipping is one of them, as well as renting. But then again either of the two options are easy. House flipping involves additional costs – which many can’t afford, whereas becoming a lender involves taking responsibility.

Retirement portfolio

As soon as you’ve decided on a form of investment after retirement, the next step is to focus your attention on building up a portfolio. Making decisions is challenging, and if you don’t have a global view of the economy you won’t be able to do alone and make sensible choices. Should you consult with a financial institutions to help you get started? The decision is yours. Truth be told, very few retirees are financial gurus, and many rely on their property to live comfortably in their 70s. Of course, there are other options you might want to consider.

Retirement income funds, for example, are a form of specialized mutual fund. This form of investment automatically allots your cash across a multi-dimensional portfolio made up of stocks and bond. Your investment is managed by a financial institution, and the goal is to produce a monthly income. An all-in-one package is designed to cater to your needs, as well as keep you safe. Having a retirement income puts you in control. You are at liberty to access your cash whenever you want. But then again, making advanced withdrawals leads to a low income down the road.

Last but not least, we have REITs, also known as real estate investment trusts. Similar to conventional real estate, in this case you’re not in charge of your property. A skilled team will manage it; they are in charge of collecting rent, paying expenses and managing fees. All you have to do is collect the profit.

It’s always good to remember one thing when investing in retirement – choose an investment plan and keep your portfolio diversified. In case something happens with one of your investments (because all feature some degree or risk) you’ll have the others to keep you living comfortably by the time you retire.

By Fredrick Cameron and PropertyTurkey.com!

Why Buying a new car is Financially Viable, even in a Strained Economic Climate

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At first glance, buying a used car seems a much cheaper option than buying a new one. This is particularly true in the current economic climate, with the level of consumer confidence in the UK having only recently begun to recover from its lowest rate in 26 years in the wake of Brexit.

This, along with wider economic and geopolitical uncertainty, is encouraging consumers to review their expenses and make more cautious purchasing decisions. While this is perfectly sound in theory, however, the cheapest option isn’t always the most cost-effective one and this mistaken belief represents one of the most damaging false economies in the existing climate.

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Image: – The Express

The Cost Benefits of Investing in a New Car

This means that, depending on your budget and your preferred model, buying a new car could be more cost-effective than buying an old one. The key is to approach the market with an open mind, while considering the following factors: –

Lower, Long-term Maintenance Costs

While Britain is now considered to be a seller of services rather than a manufacturer, this is far from the case. R H Nuttall recently hosted the annual UK Manufacturing Awards, which is a seminal event that celebrates the very finest in national innovation and productivity. Make no mistake, Britain also remains a key innovator in the new car sales market, where technological advancement and modern techniques continue to refine the range of models available.

The enhanced design, performance and economy of new cars tend to drive lower maintenance costs too, making these models far cheaper to operate over time. As cars grow old and clock up the miles, things will not only inevitably start to go wrong, but wear and tear problems can also arise over time.

These, despite being straightforward to fix, can also be costly. Take the cam belt, for example. Usually, the part needs replacing around every four years, as the rubber erodes. This is a simple job for a mechanic but, not only is the part expensive (around £250-£300 depending on the vehicle), but the labour is expensive too, as the engine needs taking out and partially taking apart. Overall, this means a simple wear and tear repair can cost up to £600!

By buying a new car, you won’t have to face these issues, and could save large sums of money while also reinvesting in the nation’s deceptively prosperous manufacturing sector.

An Extended Warranty for Greater Peace of Mind

Additionally, if anything goes wrong with your brand new car, you should be covered by an extended warranty in the modern age. This means that you won’t have to pay to fix it, as the manufacturer must take ownership of such costs during the length of the agreement.

Sometimes, this even extends beyond the three years before a car needs an MOT (which we’ll get onto later). If you buy a Toyota from an approved dealer like RRG, for example, you’ll get a five year warranty, which will give you peace of mind.

No matter what goes wrong in those five years, Toyota will fix your car for you. You could save thousands, while those with used vehicles must accept reduced warranties that may not provide adequate protection in line with the condition of the vehicle.

There is No Need for an MOT with a New Car

When you buy a new car, you won’t have to MOT it for the first three years. This is because a car does not have to have a valid MOT certificate until it is three years old. At around £40 per test, this is a considerable saving.

However, in addition to the savings on the test itself, you will also save yourself money on any of the work that would need doing. Instead, any work should be picked up in a routine service and, as we’ve already stated, would be covered by the warranty anyway.

Of course, this doesn’t mean that a new car is always more cost-effective, but it’s worth keeping in mind depending on what your budget is. So always appraise the market with an open mind when shopping for a car, and do not automatically discard used vehicles in the mistaken belief that this will save you money. In fact, while such an investment may require you to pay more up-front, it can also offer you access to high quality engineering, favourable warranty terms and considerable, long-term savings.

Head off on a capital city break without splashing the cash

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Jet setters can celebrate the start of autumn with a visit to a European capital city without digging deep in their pockets.

The money saving gurus at online site PromotionalCodes.org.uk have researched the best deals for short holidays this October – and Rome is the place to explore if you’re on a budget.

It was discovered that a traveller could enjoy three nights in the Italian capital city, with flights and hotel stay included, for just £142.

At the other end of the scale, Copenhagen in Denmark was revealed as the most costly trip, with a total price of £305 for flights and accommodation for one person.

Figures for cheap capital city breaks this October:

City Flights Hotel Total cost
1. Rome, Italy £83 £59 £142
2. Berlin, Germany £95 £49 £144
3. Prague, Czech Republic £118 £31 £149
4. Amsterdam, Holland £76 £93 £169
5. Madrid, Spain £107 £73 £180
6. Paris, France £77 £126 £203
7. Stockholm, Sweden £104 £100 £204
8. Vienna, Austria £134 £106 £240
9. Brussels, Belgium £98 £144 £242
10. Budapest, Hungary £207 £42 £249
11. Lisbon, Portugal £154 £135 £289
12. Copenhagen, Denmark £101 £204 £305

Summer is now officially over and the kids are back at school but if you’re flexible with your holidays, autumn is the perfect time to head off on a short break.

And if beach resorts aren’t your thing, then exploring a European capital city is both exciting and cost-efficient.

The team looked at the cost of a three-night stay from Saturday, October 1 to Tuesday, October 4, in 12 of the most popular European capitals – including flights from London Heathrow Airport and accommodation at a three-star hotel.

Surprisingly, Rome is the best place to head to if you’re looking for a bargain break, with flights available from £83 and a room with a view for only £59.

Coming in as the second cheapest holiday was a break to Berlin, the capital of Germany. A short break this October would cost around £144, with flights from £95 and three nights in a city centre hotel just £49.

This was then followed by a visit to the stag-do city of Prague in Czech Republic, costing £149 for a wild weekend away.

Also among the list of cheap capital city breaks were Madrid, Paris, Vienna, Brussels, Budapest and Amsterdam.

If you’re wanting a spot of luxury and don’t mind paying a bit extra, Copenhagen is the city for you with a total cost of £305 for a three-night stay. While it’s still not breaking the bank too much, the capital was discovered as the priciest for an October jaunt.

Also up there as the biggest spends were Lisbon and Budapest. A three-night vacation in the Portuguese capital will set you back around £289, while a holiday in Hungary will cost just under at £249.

A spokesperson for PromotionalCodes.org.uk said: “The autumn season is a great time to tick somewhere off the bucket list – the weather is normally just right and it’s less costly than a summer vacation.

“Visiting a capital city is always fun as there’s always lots to explore and see, and we’re only a few hours plane ride away from some amazing cities.

“We thought it would be both interesting and useful to find out which city options are out there and where would come out as cheapest. Surprisingly, Rome was revealed as the most bargain option for a weekend away, but you may need to start saving now for a jaunt to Copenhagen.”

Save money by growing and foraging your own food

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Enjoying a spot of foraging, nurturing your own vegetable patch and even having your own flock of chickens are all worthy ways of saving money on your food bill.

Bargain loving blogger and mum-of-two Kayleigh Hughes, who writes for PromotionalCodes.org.uk, has put together her top tips on how to traditionally save money on your weekly supermarket sweep.

The 29-year-old, from Grantham in Lincolnshire, has enjoyed the perks of her blooming blackberry bush in her back garden this summer and is urging others to get out there and start foraging for their own fruit and veg.

As well as collecting sweet treats to make your own cakes and desserts, you can also cut down your food bill by growing your own vegetables and even raising livestock.

Kayleigh said: “Growing your own fruit and veg and partaking in a spot of foraging can, in the long run, save you a fortune. It’s not an easy and quick process but if you put in the work it won’t be long before you’re reaping the benefits.

“After moving into my house a few years ago, I noticed a blackberry bush in the garden. Since then I’ve always had a nice amount of fruit from it, however this year was different – I discovered it had spread its way up one entire side of the garden. Everywhere I looked there were blackberries.

“My son Joshua had so much fun with his little bowl going out into the garden and picking the fruit. Even after making ten blackberry upside-down cakes for my youngest son Jaxon’s christening last month, it didn’t make a dent in the bumper crop.

“I now have quite a few bags of blackberries in my freezer ready to use up until the next crop is ready.”

Here is Kayleigh’s top advice on growing and foraging:

Forage for fruit
Blackberries are brilliant growers and do well after being frozen and then being used. I even came across some in my local Tesco Express car park, which were growing over the fence. They are tasty, versatile and completely free when foraged. There are also websites that you can use that will tell you any known fruit bushes and trees near you so it’s worth taking a look, as you may be surprised how close you are to a brilliant source.

Be careful what you pick
Of course it’s not only berries you can forage – there’s also mushrooms. However, I strongly recommend that unless you know what you are looking for then don’t do it. I am by no means an expert in mushroom foraging and I couldn’t tell the difference between a poisonous one from a safe one, but there are people out there that you can learn from if you want to. It can be very rewarding to go out and hunt for mushrooms but please make sure you know what you are looking for first, as it can be rather dangerous.

Get in line for an allotment
One of the best ways to grow your own fruit and veg is to have an allotment. My dad had one for many years when I was younger and I loved going down at the weekends to help plant, build and pick what was ready. Allotments aren’t always cheap and there are often long waiting lists for spaces so make sure you do your research before picking a plot and find out about all the costs involved.

Nothing can compare though to the satisfaction of seeing your first successful crop that you have grown all by yourself. The immense sense of pride you feel is priceless. My dad used to grow potatoes, sweetcorn, onions, carrots, runner beans, broccoli, cabbage, cauliflower, leeks, tomatoes, cucumbers, courgettes and marrows to name a few. Some were successful and some not so, but you learn after each time and you try again the next season.

Check for chickens
It’s also worth checking the rules at your allotments on whether you can keep animals. I used to keep chickens on my dad’s allotment.

I loved my chickens – for my birthday one year I asked for a fancy chicken house for my girls rather than a pair of designer boots. They weren’t hens for eating, they were layers and they were fabulous. I’m a big fan of the Twilight movies, so I named them Bella, Alice, Rosalie, Esme, Leah and Renesme.

They were sensitive when it came to laying but once I got it right and knew what I was doing, there was no stopping them. I would get at least six eggs every day, and the fact I knew where they had come from and how happy the hens were made the eggs taste so much better.

Fellow allotment holders had animals as well – on the plot next to my dad’s were chickens and geese, and on the run-up to Christmas I would spot a few turkeys.

Grow your own from home
Don’t think you have to have an allotment to grow your own veg, you don’t even necessarily need a garden – you can just grow veg in pots and you can even grow potatoes in a big black bin filled with compost.

One of the best people to have mastered this and who has turned his garden into a brilliant vegetable patch is TV presenter and food writer Nigel Slater. You can learn a lot from him if you do some research.

I say get out there and see what you can forage, but please be careful and only pick fruit and veg that you know. See what you can grow yourself too and even think about getting a group of chickens – they can really change your life for the better.

Hundreds of hospital cleaners could be forced to apply for “hardship loans” to cover their wages

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Mitie, one of the largest cleaning companies in the UK, is proposing pay date changes with staff working longer in arrears and only receiving that money when they leave the company.

With workers at Hull Royal Infirmary and Castle Hill Hospital in East Yorks., losing up to four days’ pay, Unison says Mitie has informed its representatives that staff can apply for “hardship loans.”

The company has reportedly suggested that workers can then pay back the money each month rather than the loans being reclaimed at the same time as the arrears are paid.

However, health union Unison, which represents 169 of the 600 employees working for Mitie in East Yorkshire, is calling on the firm handling the multi-million cleaning contract for Hull and East Yorkshire Hospitals NHS Trust to rethink its plan.

Unison branch organiser Sheila Hepworth said workers would lose between one and four days’ pay and face the prospect of repaying a loan at the same time.

She said: “Saying they can apply for a ‘hardship loan’ to cover pay they’ve already earned is really humiliating for staff.

“They are absolutely furious.

“At the moment, staff are paid four-weekly, a week in arrears. What Mitie wants to do is move the pay date, which will mean four lost working days for staff working Monday to Friday and one day for those working weekends.

“Staff will only get those wages in arrears when they leave and these are people who live from pay packet to pay packet, with some using food banks.”

Earlier this year, Mitie workers voted for industrial action over a pay dispute with the company after they discovered they were not receiving a pay rise, backdated for last year.

After negotiations, staff are now given a basic salary and an ‘attendance bonus allowance’. However, they are not paid for holidays or sick days.

Union reps and staff have met Mitie management twice to express concern over the changes.

Mrs Hepworth said: “I have asked Mitie to look at a different way of doing it. I’ve asked them to still give it to staff as a loan but for that loan to be paid when they leave.

“This is when the company will pay back the money in arrears so it won’t cost them anything by allowing staff to pay back the loan at the same time.”

A spokeswoman for Mitie said as far as they knew everyone is now “comfortable” with the new arrangements.

The spokeswoman said: “We are going to be paying our people on the Hull contract a few days earlier each month going forward. We let them all know about this a couple of months ago.

“A few of our people wanted extra clarification of what was happening and we have gone through it with them.

“As you would expect, we have said that if anyone is inconvenienced by the change due to the way their personal finances are arranged, we would be happy to discuss their situation individually.

“As far as we know, everyone is now comfortable with the new arrangements.”

Leveraging Automotive Tax Breaks: The Best Company Cars You Can Get on a Budget

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There is no doubt about it; the world is going green.

This is reflected by numerous trends and initiatives in the modern age, from the issue of green bonds in Mexico and the US to a government backed drive to reform tax brands for cleaner company vehicles. The latter point is particularly important, as it provides a crucial, financial incentive for businesses that are constantly striving to reduce overheads and optimise their profit margins.

Of course if you ask someone to think of their ideal company car and there’s no doubt that the first names that will spring to mind are from manufacturers like Audi, BMW, and Mercedes-Benz. Driving a car from one of the German “Big Three” has a lot of glamour attached to it, but once you start factoring in the additional costs, like fuel and tax, it may not seem like such a good deal. This is why the ability to claim tax reductions is so appealing for firms who are trying to build a commercial fleet.

audi-rs6-customer-wins-b&o-prize-3

Saving Money without compromise: Some of the best and Most Economical Commercial Cars

With this in mind, it is important that brands leverage such tax breaks and enhances their margins further by procuring cost-effective cars. Here are some of the more economical options available to you when choosing and buying your new car (and selling an older one): –

SEAT Leon

The Seat Leon is one of the best reviewed hatchbacks available right now. The 1.2-litre petrol engine is derived from the same MQB platform that Volkswagen uses in its successful Golf, earning an impressive 57.6mpg and 114g/km in CO2 emissions. Combined with its sporty good looks, it strikes the perfect balance between German engineering and Spanish style. Now available from suppliers like John Clark, the latest generation received a five-star rating from Euro NCAP, too, so it’s the perfect choice for anyone who’s also looking to do the school run as part of their morning commute.

Skoda Fabia Estate

For those in need of a little more space, the Skoda Fabia Estate is a great choice. The 1.2-litre option should provide 60.1mpg and just 107g/km in CO2 emissions, the lowest of our three picks. At 530 litres, only the more expensive Ford Mondeo offers more space without having to fold the rear seats down. When you do move the backseats, you’ll have access to a massive 1,395 litres in total. While the interior may not feel as premium as other options, you’ll be hard pressed to find another vehicle that matches the Estate’s practicality for this price.

Mini One

Finally, for those that want to afford themselves a little extra luxury, without breaking the bank, there’s the Mini One. One of the main attractions of the Mini has always been its distinctive character, which few cars in any class can claim to match, For the past three years, it’s been the Auto Express Best Premium Small Car. The 1.5-litre petrol option will net you 58.9mpg along while producing 109g/km in CO2 emissions. If you need the extra space, there’s also a five-door alternative that features more legroom and a larger boot.

Have you recently had the option of taking on a company car? Let us know about your own experiences in the comment section below.

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