Credit cards are here to stay
Article Abstract:
Outstanding consumer credit in Britain totaled 22.31 billion pounds sterling at the end of July 1986, according to the Department of Trade and Industry (DTI). The DTI also reported a 4 percent increase in credit card borrowings for the nation during the period from June to September 1986, in comparison to such borrowings for the same period of the previous year. For the month of July 1986, two bank credit cards, Access and Barclaycard (Visa), accounted for 1.11 billion pounds of the month's 2.72 billion in consumer credit. In Britain, bank credit cards are one of the most economical forms of consumer credit, since they have comparatively low annual percentage rates (averaging 26.8 percent annually, or 2 percent per month). The cards issued by various British banks and retailers are briefly described and differentiated, and the consumer protection provisions of Britain's Consumer Credit Act of 1974 are explained.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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Sport is big business
Article Abstract:
Sports and recreational activities are a big business in the UK. An estimated 28.5 million UK residents participate in some kind of sport activity at least monthly. Consumers spend about 4.4 billion pounds sterling on sports-related activities and items such as gambling, sporting goods, and participation in sports. The British government collects about 2.4 billion pounds sterling from sports-related activities, principally value-added taxes and betting excise taxes. The finances of the British football (soccer) clubs and revenues from televised sporting events are discussed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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Another kind of press freedom
Article Abstract:
Free circulation newspapers in the UK have seen revenues grow twice as fast as television advertising revenues over the past year and free papers can now qualify for exemption from a duty on newsprint. Free newspapers still suffer from the perception that they are poorly distributed and lack editorial content, however. Despite these perceptions, free newspapers have made the regional press the second largest advertising medium in Great Britain, and an important marketing avenue for local businesses.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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