Tuition fees in Wales frozen
The maximum tuition fee level that institutions in Wales will be able to charge will remain at £9,000 for 2017/18, it has been announced today (Fri 23rd Sept).
- Local insight key for Valleys Taskforce
- New £4m EU-backed fund to invest in Welsh social businesses
- Tuition fees in Wales frozen
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
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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.