24. August 2011 10:37
Are cheques a thing of the past
or in for a reform??
The use of cheques was slowly being phased out in 2018 but a committee of MPs have now asked for a report into the timescales for processing cheques which have caused delays and uncertainty in the past.
The Payments Council decided in December 2009 that they would look at phasing out cheques and set a target for 2018. The final decision will be taken in 2016 so perhaps this latest look at the timescales that cheques take for clearance etc may go someway to ensure that cheques remain a viable method of payment.
So until 2016 we will not be 100% sure whether cheques will be phased out or whether a reform on how we use cheques for payments can be agreed.
23. August 2011 17:29
We have learnt today that Gold is now at its highest value. The price of gold rose above $1,900 per ounce for the first time during Asian trading hours which set a new all time high at an impressive $1,913.50
Whilst the dollar continues to struggle in the current economic climate, many people are counting their blessings that they have chosen to invest in Gold.