News
Further interest rates cuts to hit savers
SAVERS face further misery as the Bank of England slashed interest rates to 0.25% yesterday (Aug 4) in an attempt to stimulate the struggling economy in the wake of the Brexit vote.
Retirees and the semi-retired reliant on savings in ‘safe’ bank and building society accounts face a double whammy as record low interest rates combine with rising inflation caused by a weakened pound.
The Bank of Scotland pre-empted this move last week when it wrote to 1.3 million business customers warning that they could start imposing charges on credit balances; effectively imposing negative interest rates.
This would follow moves by banks in Switzerland and Sweden. Even if negative interest rates are not introduced for individual savers, interest rates of practically zero will see hard-earned nest eggs shrink in real terms as the the cost of living rises.
This will be a huge blow to thrifty pensioners who did though they had done ‘the right thing’ throughout their working lives by putting money aside for retirement. The over 65s form a disproportionately high percentage of the west Wales population, and as they are forced to further tighten their belts, this will pile more pressure onto struggling local businesses in one of the most deprived areas of the UK.
Mrs Alice Hughes from Pembroke Dock, who relies on a small nest egg to top up her state pension, told the Herald: “I’ve always been careful and put money away in the building society. With interest rates the way they are now, I’m wondering whether I’d be better off keeping it under the mattress.”
Mr Ronald Edwards from Cardigan, who is due to retire in six months time said: “I’ve been looking at annuities online, and the amounts being offered are so low, I might as well cash in my pension pot and buy a classic car. At least there’s a chance of it increasing in value.”
In further moves, the Bank of England announced further printing of money to prop up the economy, and revised the growth forecast for 2017 from 2.3% to 0.8%.
With pressure on company pension pots creating difficult decisions for managers about whether to invest in wage increases or filling the pension deficit, workers in west Wales could see their already low wages stagnate for the foreseeable future.
Mark Carney, the Canadian Govener of the Bank of England said that this was a necessary step to adjust to the new reality post-Brexit, in which the economic outlook has changed.
There may be some positive news for those with savings in stocks and shares, which receive a boost when interest rates are cut.
There is more positive news for mortgage holders and home-buyers on variable interest rate mortgages, who will see a drop in their monthly payments.
As the pound continues to slide against the dollar, holidaying in the UK may become a more attractive option to families feeling the squeeze, providing a boost to the west Wales tourist industry.
How are you being affected by the record low interest rates? Email [email protected].
Health
Health concerns as banned American candy floods UK markets
PARENTS are being warned this festive season about the dangers of imported American sweets, snacks, and fizzy drinks, which are flooding UK high streets thanks to social media trends. The Chartered Trading Standards Institute (CTSI) has raised alarms over unauthorised additives in these products, many of which fail to meet UK safety standards.
A growing trend, a hidden danger
Social media platforms like TikTok have popularised American confectionery, with influencers showcasing brightly coloured snacks in viral “candy haul” videos. This has made imported sweets a sought-after stocking filler for children and teenagers, driving record sales in convenience stores and high-street retailers.
However, this sugary trend comes with a bitter side. Many of these products, designed for foreign markets, bypass UK safety and legal standards. They often lack proper allergen declarations and contain harmful, unauthorised additives.
Major safety failures highlighted
A pilot project led by Staffordshire County Council’s Trading Standards team, funded by the Food Standards Agency, uncovered alarming issues. Inspectors seized 3,378 items valued at £8,500 from local shops. Tests revealed the presence of dangerous additives, including:
- Yellow 6 (E110): Found in snacks, linked to hyperactivity in children.
- Carrageenan: Common in jelly cups, posing a choking hazard.
- EDTA: Prohibited in drinks, associated with developmental issues in animal studies.
Among the inspected stores, 89% failed to comply with UK regulations. Common violations included:
- Products with unauthorised additives.
- Missing English labels or allergen warnings.
- Expired items being sold.
In total, 3,700 non-compliant products valued at £10,300 were confiscated, including crisps with E110, sweets with mineral oil and bleached flour, and drinks containing EDTA.
A national problem
The issue extends beyond Staffordshire. Operation Tootsie, a broader Trading Standards initiative, revealed that 77% of tested products from national retailers failed compliance checks, rising to 91% among importers.
Dean Cooke, CTSI Lead Officer for Food, said: “Social media has amplified the demand for American sweets. While retailers enjoy seasonal sales, they must ensure products meet UK standards. Parents should check labels to protect children from harmful additives.”
He also reminded consumers to avoid products without a UK/GB address on the label, as these fail to meet import labelling laws.
Councillor Victoria Wilson, Cabinet Member for Trading Standards at Staffordshire County Council, highlighted the seriousness of the issue:
“Our Trading Standards team was alarmed to find thousands of unsafe products on sale, often aimed at children. Poor labelling and unauthorised ingredients pose significant public health risks.”
The Pembrokeshire Herald advises that local consumers scrutinise labels carefully. Products with American weight measurements, such as ounces, are likely imports. These must meet UK safety standards, including accurate allergen declarations.
Anyone concerned about food safety in Wales can contact the Citizens Advice Consumer Helpline at 0808 223 1133.
This Christmas, Trading Standards is ramping up operations to tackle the influx of unsafe goods. Parents are advised to stay vigilant and prioritise safety when filling stockings with festive treats.
Health
Lockdown lifted at Withybush Hospital following incident
WITHYBUSH HOSPITAL in Haverfordwest was placed under lockdown earlier today (Tuesday, Dec 3) as a precaution following a potential threat. The lockdown, which temporarily restricted access to the site, has now been lifted, with services resuming across the hospital.
Hywel Dda University Health Board confirmed that no one was harmed during the incident and that police provided assistance on-site. A spokesperson for the health board stated:
“Lockdown procedures were put in place at Withybush Hospital as a precaution for staff and patient safety.
“No one was harmed, and police assisted on-site. The site followed established lockdown procedures due to a potential threat.
“Access to the site and the hospital was restricted for a short period of time. This situation is now resolved, and access to the site has been re-established.
“We would like to thank staff, patients, and our partners for their assistance in managing this situation.”
The Emergency Department at Withybush Hospital remains busy, and members of the public are being urged to attend only for life-threatening emergencies. For non-urgent medical advice, people are encouraged to use the NHS Wales symptom checker online or contact NHS 111 Wales.
Dyfed-Powys Police, who were seen in large numbers at the hospital, did not disclose details about the nature of the incident but confirmed they had been supporting the health board.
Patients with cancelled appointments are being contacted as staff work to rearrange disrupted schedules.
News
Andrew RT Davies resigns as Welsh Conservative leader after confidence vote
ANDREW RT DAVIES has stepped down as leader of the Welsh Conservatives after narrowly surviving a confidence vote within his party.
In a letter announcing his resignation, Davies expressed regret, stating that his position had become “untenable” after some Members of the Senedd (MSs) threatened to resign from his frontbench if he remained in post.
The vote, held on Tuesday morning, saw Davies secure nine votes in support but faced opposition from seven MSs. Reflecting on the outcome, he said: “It was clear from the result that a substantial minority of the group do not support our approach.”
Davies has served as leader of the Welsh Conservatives in the Senedd for most of the past 13 years. His departure marks the end of a tenure defined by both challenges and significant contributions to the party in Wales.
Commenting on the resignation, Reform UK Wales Spokesman, Oliver Lewis said: “True to form, the Tories have turfed out another leader thinking that will resurrect their failing party. They care more about jousting for position than they do about serving Welsh people.
“It does not matter who they have as leader, the simple fact is they have failed in opposition just as they failed Wales in Government in Westminster for 14 years.
“The people of Wales want real change in 2026 and that is just what we plan to offer them. Wales needs Reform.”
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