Nationwide building society falls victim to IT outage

Nationwide building society is recovering from an IT outage that caused significant difficulties for customers over a period of several hours, with account holders reporting problems making purchases and sending and receiving payments, including making mortgage payments and receiving salaries. The organisation, which on Thursday 21 March confirmed it had reached a formal agreement to… Continue reading Nationwide building society falls victim to IT outage

Funding of public services in England skewed against poor areas, says IFS | Society

The government’s levelling up plans for England are being hampered by a funding system that is “not fit for purpose” and deprives the poorest areas of the financial support to match their needs, a leading thinktank has said. The Institute for Fiscal Studies said that the method for allocating money to pay for public services… Continue reading Funding of public services in England skewed against poor areas, says IFS | Society