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Early pay a hindrance at Christmas, survey reveals

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moneyEMPLOYERS 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.

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Communities get outdoors thanks to grants from broadband provider Ogi

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COMMUNITY groups across south Wales are embracing the outdoors this autumn, thanks to almost five thousand pounds from Ogi – Wales’s leading alternative broadband provider. As part of the latest funding round of its award-winning grant programme ‘Cefnogi’, around 20 groups will benefit from a cash boost, volunteering opportunities and community workshops.

Among those benefiting are a Head Boy and Girl duo from Alaw Primary School in Tonypandy, a community mud kitchen in Maesteg, and a woodland school in west Wales, with activities set to engage thousands of people between now and the end of the year. Launched in 2022, the programme has already given away more than £40,000, supporting hundreds of local groups across over 60 communities – in areas where Ogi is rolling its next generation full fibre network.

Lead by the Community Liaison team, the initiative also offers staff and contractors the opportunity to volunteer, with more than 2,500 hours already donated to local community groups.

Staff across Ogi have helped clear walking paths with Valeways in the Vale of Glamorgan, provided equipment for emerging grassroots sports teams in Torfaen, Rhondda Cynon Taf and Caerphilly and provided defibrillators and first aid training in Pembrokeshire.

The wide-reaching impact of the scheme has seen hundreds of projects funded or offered volunteering hours since it started last year [2022].

On announcing the latest round, Head of Brand and Engagement, Sarah Vining, said: “It’s so exciting to see the Cefnogi programme go from strength-to-strength. Our brand has become synonymous with the community work we play a part in – and that’s something we’re very proud of.

“Supporting everything from local Scots groups to warm spaces, women in business events, garden clearing and arts festivals, the programme is now well and truly embedded in our culture – and staff are queuing up to get involved. “Many of our staff, contractors and supply chain partners live in these towns and villages, and this initiative, bringing small – but no less vital – cash injections is our way of giving back to those that are providing much needed support locally.”

The programme extends to volunteering opportunities and one-off grants and is open four times a year for the likes of grassroots community groups, small charities and town councils to apply. For more information visit www.ogi.wales/cefnogi.

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Conference speakers urge Welsh Government to listen to tourism industry

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TOURISM leaders have called on Welsh Government ministers to listen to the industry when developing policies that will impact businesses.

The call came from Wales Tourism Alliance (WTA) chairman Suzy Davies and Steve Hughson, chairman of both the Mid Wales Regional Tourism Forum and the Event Wales Industry Advisory Group, when speaking at the Mid Wales Tourism Conference.

The sell-out conference, which attracted 120 delegates as well as exhibitors and sponsors, was held at the Metropole Hotel and Spa, Llandrindod Wells. The event was organised by MWT Cymru, an independent organisation representing around 600 tourism and hospitality businesses across Powys, Ceredigion and Southern Snowdonia.

Mid Wales Tourism Conference 2023. Picture by Phil Blagg Photography. PB220-2023

Mrs Davies said the WTA, which represents around 6,000 businesses in all sectors of tourism industry across Wales, was working with others to restore the industry’s relationship with the Welsh Government.

There had been a breakdown in communications stemming from the introduction of the 182-day rule for self-catering accommodation in Wales. Self-catering accommodation that fails to be occupied for 182 days of the year now risks paying much higher council tax.

The WTA has been talking to the Welsh Government about the impact of the 182-day rule, a tourism tax and statutory registration of tourism accommodation, but Mrs Davies said it had not been listening and businesses had lost faith in the consultation processes.

“The current engagement structures don’t work for either the Welsh Government or the tourism industry,” she added. “The industry must be in the room when the Welsh Government shapes and designs policy and we need to be listened to.”

She said there were signs that the Welsh Government was now beginning to listen to the industry’s collective voice, as a review of the 182-day rule had been promised and the tourism tax had been delayed until 2027.

“There is now a much better understanding of what we have been all saying for the past 18 months,” she added. “We must never find ourselves in this position again which is why we have organised a symposium in Newtown in January and we hope the Welsh Government will attend.”

Mr Hughson also stressed the importance of a united tourism industry working closely with the Welsh Government to influence and shape policies to ensure that they work well when introduced.

“We can get the Welsh Government and Visit Wales to change, so long as we work in partnership in a polite, respectful and evidence-based way,” he said. “It has never been more important that we work together.”

Regional tourism forums across Wales had an important role in making Welsh Government ministers in different policy areas aware of the cumulative effect of their policies on the tourism industry, he added.

MWT Cymru chairman Rowland Rees-Evans thanked both Mrs Davies and Mr Hughson for their work on behalf of tourism businesses during a challenging time for the industry.

He referred to four consultation papers issued by the Welsh Government. “They will undoubtedly have a major impact on the industry when the legislation is implemented,” he said.

“We are already starting to see the effect of 182-day rule on self-catering holidays. As it stands at the moment, next year we will also have full business rates to contend with, among other changes.

“MWT Cymru has always tried to look after its members, business partners and community groups with help and support from our great team who try to get ahead of the curve whenever new legislation, rules and regulations are being put in front of us.”

Despites concerns about new legislation, he said there were positive signs that 2024 could be a better year for tourism businesses. Forward bookings were healthier than the same time last year and there was feeling that people, who did not take a holiday in Mid Wales this year due to the cost of living crisis, would return in 2024.

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Local optician shortlisted for national award

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A PEMBROKE DOCK optician has been shortlisted for an award at the Optometry Wales Awards 2023.

Emily Couling, 25, who works at Specsavers Pembroke Dock, is a finalist for the ‘Pre-registration Optometrist of the Year’ award.

The winner of the award will be announced at the awards ceremony this Saturday, 25 November, at Portland House, Cardiff.

Ms Couling, who has been employed at the Diamond Street store since she was 18, says: ‘I had no idea I’d been nominated for an award, so it was such a nice surprise when the finalists were announced. It’s nice to have my colleagues recognise the care and passion I have for the job and our customers.’

Andrew Williams, Specsavers Pembroke Dock director, who nominated Ms Couling for the award, adds: ‘We are so pleased for Emily – she has been a real asset to our team since she first joined seven years ago.’

‘At Specsavers, we’re very passionate about providing our local community with not only the best eye and ear care, but also the best careers. Emily started with us just before she went to university so to see her close to becoming a fully qualified optometrist is very rewarding. We are all incredibly proud of her, and, regardless of whether she wins the award, we know she’ll have a long and successful career.’

Specsavers Pembroke Dock offers a full range of eye health and hearing services, including OCT scans and children’s sight tests. Find out more at www.specsavers.co.uk/pembrokedock.

As part of Specsavers’ mission to make eye health accessible to all, it also offers a Home Visits service to the housebound, with mobile opticians covering more than 90% of the UK.

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