Fat Cat Thursday: The worst day of the year?

FTSE 100 CEOs aren’t the most popular people in the UK at the best of time but coining the January 4 as Fat Cat Thursday may repulse people further.

It refers to the fact that only four days into the New Year, the majority of top bosses will have earned the average Brits’ yearly income. The average UK annual salary is £28,758 for full-time employees but some CEOs are making roughly £4.99 a minute, which means they make around 120x that of the average UK full-time worker. Although these big wigs have been facing salary cuts on an annual basis, they are still earning millions. By now (18th January 2019) the majority of CEOs will have earned £129,411 – that’s almost the price of a Lamborghini Huracan (£155,400)! To put it into further context, this is what FTSE 100 CEOs can buy roughly every four days on their salary:


Infographic by Jade du Preez for EN4News

Catch The Best Deals For Your Summer Holiday

How can we ensure getting the best price when booking the holiday we work so hard for each year?

The 20th of March will mark the first day of Spring and many sun-seekers are starting to count down the weeks until their holiday away.

Flight takes off over Kos, Greece Image Credit: Max Pixel


One of the biggest dilemmas of planning a trip with another person, or a group is agreeing on the date of booking. Some holiday-makers stick to the old fashioned rule of paying the deposit as early as possible. Others are adamant that booking last minute is a sure-way to save the pennies.

But which theory holds true?

Last year, Tripsta.com released their 2016 flight costs – many customers might be surprised to learn the airline’s data illustrated that the first four months of the year offered the best deals. Many airline companies and hotels will increase costs as soon as school children down south start back at school.

Scottish travel Bloggers, Travelling with Our Kids illustrate how they save costs when travelling. They said,

‘During high season hotels, most tour operators will put their prices up. Sometimes in Scotland if we go away the first two weeks of July we can get some good deals, as the English schools have not broken up yet. This can be a great time to go away’.

It all depends on what the Travel Agents, airlines and hotels have to offer and what is the best offer for you. Last minute deals are great for people who are not tied to any commitments and have the means to make that large one-off payment to finance a holiday.

EN4 News contacted Bryton Travel Consultants, a Merchiston based travel agents, to find out how holiday-goers can save money on their travels.

Keith, who has been a travel consultant at Bryton for more than 20 years, told us that customers looking to takelong-haul flights are best to book as soon as flights become available and should consider travelling in December or January to make the most of cheap flights.

However, when it comes to getting the best deals, Keith said,

“There’s really no guarantee.”

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Top 5 tips for Black Friday Shopping

Black Friday began as a flash sale day in the US the day after thanksgiving, but is a tradition that has now made its way over to the UK.


The event has been around in the UK prominently in recent years, with some retailers drastically cutting their prices on certain items, allowing you to get a great bargain before the Christmas shopping season officially begins.


So if you are taking on Black Friday this year, here are 5 top tips to get the most out of your shopping.

Source: Google

  1. Make a list of what you want beforehand

Do this to avoid spending excessively and getting sidetracked with other tempting deals that you may think you want at the time, but will later regret. By doing this you will be focused in what you need and can make the most of the deals on those products.


  1. Shop early on in the day

It may not be the most exciting way to spend the early morning, but arriving early and being as close to the front of the que as possible will guarantee you first pick of the deals available.

Source: Google

  1. Do not forget the small shops

It will not only be the larger retailers that bring out the bargains, smaller retailers will also be doing the same thing, and can sometimes give you a better deal than a big brand.


  1. Plan your budget

Allow for a little extra spending on things that catch your eyes when Black Friday comes around, but make sure you allow for it in advance and limit yourself in how much you are willing to spend.

Source: Google

  1. Prepare the night before

If you are not hitting the shops and instead are doing your Black Friday shopping online, try preparing your basket the night before with products you want that you think might be reduced the next day, to save time and reduce the risk of the product selling out before you can get your hands on them.

Mobile network provider fined £2.7m by Ofcom

Mobile network provider EE was charged with £2.7 m by communications watchdog Ofcom, for overcharging thousands of its customers.

Ofcom found that EE breached the rules of billing on two different occasions.

First, customers trying to reach the company’s customer services on number 150 from within the European Union were charged as if they were calling to US.  Thus, instead of being charged £0.19p per minute, they were charged £1.20.

The watchdog found that 32, 145 customers were overcharged amounting to £245,000.


EE provides services for around 30 million customers in the UK.

A 150 number has become free to call and text from 18 November 2015, however EE was still charging for these services until 11 January of the same year.

The mobile network provider apologised for mistakes made. Most customers were refunded, nevertheless the company could not identify almost 7, 000 customers who will lose £60,000.

The £2.7m fine will go to the Treasury. And despite EE attempts to bring the good name back by donating £62,000 to charity, Ofcom is pressuring the company to trace all customers that have been charged wrongly for the services.

Ofcom previously has fined £4.6m to another mobile network provider Vodafone for serious breaches of consumer protection rules.

More than 10, 000 Vodafone customers using pay as you go have not received any money after topping up their mobile card over a 17 month period losing £150,000.

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