The Treasury hopes the change will push prices down for shoppers and encourage more businesses to allow card payments.
Businesses are set to save millions as a cap on credit and
House of Fraser has reported its best Christmas while John Lewis also credited stronger online business for an increase in festive sales.
The two department store chains’ fortunes were in stark
The chief financial officer at Debenhams has quit the retailer, just 48 hours after it issued a post-Christmas profits warning.
Simon Herrick had already been under pressure, according to media reports,
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