Business
Early pay a hindrance at Christmas, survey reveals
EMPLOYERS may have the best of intentions paying December wages early; however, eight out of 10 of Brits (81%) find this gesture of goodwill to be a hindrance not a help when it comes to their festive finances, and more than half (53%) of those paid earlier than usual in December struggle to meet their bills by mid-January. This is according to independent research announced this month by global information services company, Experian. More than a third (35%) of those surveyed over-spend at Christmas by an average of £207. And the research suggests that some of this over-spending may be a result of hidden costs prompting funds to be stretched to the limit. A quarter of people spend more than planned on food and drink (24%), heating and fuel (15%), Christmas cards and gift wrap (9%) and other hidden extras, such as batteries and chargers (12%), over the holidays. However, when it comes to looking at who the nation’s biggest festive overspenders are, 18 – 24-year-olds are top of the table.
This group over-spends by £589 at Christmas, compared to an average of £207 – suggesting the younger generation may be favouring generosity above prudence when it comes to their Christmas spending. When January comes around, half (49%) dip into their savings to cover the shortfall, and more than a third (36%) choose to use credit. However, among 18 – 24-year-olds, the trend is reversed, with a third (35%) dipping into savings and 45% using credit to bridge the gap and get them through until payday.
In a period when many of these young people are starting to build their credit profiles, it’s important that these younger spenders understand how financial decisions they make now might affect them in the future. Julie Doleman, Managing Director, Experian Consumer, commented: “Our findings today demonstrate the importance of budgeting; not just to cover the Christmas period, but right up until the end of January and beyond.
It’s easy to over-spend at Christmas, so it’s important to understand how your financial decisions can affect you in the long-run, especially if you plan on using credit to cover a shortfall in January. “Starting off on the right foot will help you get the most out of your New Year right from the beginning, allowing you to make progress towards achieving your goal – whether that’s saving for a big purchase or life event, or simply getting your finances under control.” Here are five simple tips from Experian to help people manage their spending over the Christmas period and get 2015 off to a bright start: 1. Brilliant Budgeting: Even if you’re doing it last minute, sit down and take stock of your finances in advance.
Make a realistic budget that covers everything from Christmas presents to January utility bills to bring you comfortably into the New Year until your next paycheque hits your bank account. 2. Understanding Overspending: The final weeks in the lead-up to Christmas are when you are most likely to lose sight of your budget. Be conscious of purchases such as food and fuel and hidden extras, which can build up quickly, leaving you with an unpleasant start to the New Year dealing with unexpected costs hidden in your festive spending. 3.
Use Credit Wisely: If you do use credit to spread the cost of Christmas, consider your options – for example, if you’re unlikely to be able to repay more than the minimum repayments in the New Year, it makes sense to use a 0% credit card rather than a store card or other credit card with a higher limit. 4. Know your limits: Try to use less than 25% of your credit limit on all of your cards – both individually and collectively. Keeping to within 25% of your limit will show lenders that you are not overly-reliant on credit and can manage your finances.
Business
WestJet’s first Toronto flight lands at Cardiff Airport
New seasonal service restores direct link between Wales and Canada after nearly 20 years
CARDIFF AIRPORT has welcomed the first WestJet flight from Toronto, marking the return of a direct air link between Wales and Canada for the first time in almost 20 years.
The inaugural service from Toronto Pearson International Airport landed at Cardiff on Saturday (May 23), officially launching a new transatlantic route between South Wales and North America.
Passengers on the first arrival were greeted with a traditional water cannon salute, while Penarth choir Criw Canu welcomed the crew and customers with Welsh songs at the aircraft steps.
The new route will operate four times a week using WestJet’s Boeing 737-8 MAX aircraft. Cardiff Airport said the service would open up new opportunities for tourism, business, investment and cultural links between Wales and Canada.
Toronto Pearson is also a major hub, offering onward connections to more than 100 destinations across Canada and the United States, including Calgary, Halifax, Vancouver and Florida.
Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price MS, attended the launch alongside guests including Vale of Glamorgan Council leader Cllr Lis Burnett, Lord-Lieutenant of South Glamorgan Morfudd Meredith, Ontario’s Agent-General in London Sophia Arvanitis, Visit Wales and aviation industry partners.

Mr Price said: “WestJet’s inaugural flight from Cardiff to Toronto is a powerful signal to the world that our nation is open for business.
“Direct transatlantic connectivity like this is exactly what Welsh businesses need to reach new markets, attract investment and grow and it reinforces our ambition to make Wales one of the best-connected economies in the UK.
“Cardiff Airport is a vital piece of our economic infrastructure, and today’s milestone is something to celebrate.”
Jon Bridge, Chief Executive Officer of Cardiff Airport, described the launch as a landmark moment for the airport and for Wales.
He said: “The arrival of WestJet’s direct service gives customers easier access to Toronto and onward destinations across North America. It firmly strengthens Cardiff Airport’s position as the international gateway for Wales.
“We are proud to welcome WestJet and excited about the long-term potential of this partnership.”
Chris White-DeVries, WestJet Senior Manager Hub Strategy and Airport Affairs, said the route was an important addition to the airline’s transatlantic network.
He said: “WestJet’s new seasonal offering makes it easier for more people to discover everything South Wales and Canada have to offer, while staying closely connected to friends, family and business opportunities.
“Cardiff plays an important role in our growing transatlantic network, and we are proud to offer our guests from Wales more convenient access to Canada.”
The Cardiff to Toronto service departs Cardiff at 11:35am on Mondays, Tuesdays, Thursdays and Saturdays.
Toronto to Cardiff flights depart at 10:10pm on Mondays, Wednesdays, Fridays and Saturdays.
Business
Maenclochog care home turned down after community concerns
A CARE HOME scheme for a Pembrokeshire village, which saw objections from the local community council after youngsters had ‘absconded’ from similar sites locally, will need a formal application, planners have said.
In an application to Pembrokeshire County Council, Future Nest Care Ltd, through agent Evans Banks Planning Limited, sought a certificate of lawfulness to allow the use of dwelling house Brynawel, Maenclochog as a care home for two youngsters between the ages of five and 16 with specific needs.
A supporting statement said the youngsters would be supported by three qualified and experienced staff members during the day and two at night; the certificate of lawfulness application made to establish that formal planning permission is not required to use an existing two-storey detached dwellinghouse into a residential care facility to accommodate two children, supervised 24/7 by staff.
It added: “The proposed use is designed to provide a safe, nurturing, and family-style environment to help the young residents develop essential life skills and prepare for independent living. The residing youngsters will attend local schools or colleges and participate in community life, in the same manner as any young person living in a traditional family home.
“The qualified and experienced staff will prepare those children for their re-introduction back into a life without supervised care. The residing youngsters would attend the local school or further education college, as would any youngster under 18 living in a family home.”
However, Maenclochog Community Council objected to the proposals after residents expressed their concerns.
In its objection, it said: “This proposal has raised significant concern within the village, particularly as there are already multiple provisions for similar accommodation on the outskirts of Maenclochog.
“In the past, young people accommodated at these facilities have frequently absconded, leading to repeated searches across the surrounding area. This history heightens local anxiety regarding the introduction of further such provision within the village.”
It added: “Neighbouring residents have not been consulted regarding the proposed change of use, which has led to unease and a lack of confidence in the applicants’ intentions and in the suitability of the site for this form of development.”
It went on to say: “Before any decision is made, Maenclochog Community Council strongly believes that local residents should be afforded the opportunity of a public consultation. While the proposal may represent an economic decision for the property owners, it has wider implications for the village and its residents.”
An officer report recommended refusal of the certificate of lawfulness, concluding that “a material change of use would occur in relation to the proposed use of the site and as a result a certificate of proposed lawful use cannot be granted”.
In refusing the lawfulness call, planners said “the frequency of staff changes and the number of vehicle movements associated with the proposed use of the property would be materially different to those associated with its lawful use as a dwelling,” the material change of use to a care home requiring a formal planning application.
Business
Plaid energy policy challenged by Labour after Adam Price interview
LABOUR SAYS MINISTERS MUST EXPLAIN COST AND TIMETABLE FOR PYLON PLANS
PLAID CYMRU’S approach to energy infrastructure has come under scrutiny after Energy Minister Adam Price was challenged over plans to reduce the use of overhead pylons in Wales.
Mr Price defended the Welsh Government’s position during an appearance on BBC Radio Wales’ Sunday Supplement, arguing that communities must have greater confidence in how major grid projects are handled.
Plaid Cymru has pledged to give communities a stronger voice over energy developments and to look more closely at alternatives to overhead transmission lines, including underground cabling where possible.
The issue has become increasingly sensitive in rural parts of Wales, where proposed pylon routes linked to renewable energy schemes have raised concerns about landscape impact, tourism and local consultation.
However, Welsh Labour said the minister had failed to explain when any restriction on pylons would take effect, or who would pay the additional cost of placing cables underground.
A Welsh Labour spokesperson said: “Adam Price keeps saying how clear their manifesto was and yet he won’t say when they’re banning pylons. They won’t say who is paying for the extra cost of undergrounding cables.
“Without certainty, companies won’t invest. That’s thousands of clean, green energy jobs at risk. Plaid need more than a plan to have a plan.”
Labour said the Welsh Government must now set out how its policy would work in practice, including whether it amounts to an outright ban, what exemptions would apply, and how any extra costs would be funded.
The debate highlights the challenge facing ministers as Wales seeks to expand renewable energy generation while addressing public opposition to large-scale grid infrastructure.
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