5p carrier bag charge turns 5!
Today (1 October) marks the five year anniversary of the introduction of the Welsh Government’s ground-breaking Single Use Carrier Bag charge.
- Welsh Government steps in to help small businesses affected by revaluation
- Blue Badge eligibility criteria expanded
- 5p carrier bag charge turns 5!
Section highlightLand Transaction Tax
Land Transaction Tax will replace UK Stamp Duty Land Tax in Wales.
Final Budget 2016-17 »
The amount of funding allocated to Welsh Government Main Expenditure Groups (MEGs) for 2016-17 is £15bn.Learn more »
- Statistics & Research
Upcoming calendar »
See the schedule for all statistics and research releases.View upcoming calendar »
Written Statement - Yes Loans Ltd.
I am writing to provide an update on recent events regarding Yes Loans Ltd, Cwmbran.
Following a longstanding investigation by the Office of Fair Trading (OFT) into unfair business practices at Yes Loans, the OFT announced on 8 March its decision to revoke the company’s consumer credit license.
Yes Loans is an unsecured credit broker, providing 'pay day loans', Personal Protection Insurance and managing claims activity. The company employs some 520 staff at its Cwmbran offices.
The decision to revoke the license was taken in light of evidence that Yes Loans has failed to comply with the Consumer Credit Act 1974, associated regulations and with requirements previously imposed by the OFT. It is possible for the company to appeal this decision and can continue trading throughout any appeals process.
We are working closely with the company as this issue develops and stand ready to provide support for its workforce should there be any adverse impact on jobs.