Price rises, BHS, current accounts and property

Bicycle prices could rise following the Brexit vote, because the cost of importing bikes from Asia has increased. The head of Halfords Jill McDonald said the retailer was in talks with its suppliers following the pound’s fall. ‘For bikes bought in Asia in US dollars, we are seeing prices beginning to move.’ According to The Guardian, McDonald also said Halfords, the UK’s biggest bike seller, was better positioned to tackle price rises than smaller businesses because 90 per cent of the bikes it sells are own labels. Evictions

More than 100 households were evicted each day from their rented homes in England last year, according to figures from the Ministry of Justice.

The BBC reports that some 39,723 homes were repossessed by bailiffs in the 12 months to September 2016 – equivalent to 108 per day. The MoJ also says that 137,773 renting households are at risk of losing their homes. BHS The Pensions Regulator is chasing millions of pounds from Dominic Chappell and Retail Acquisitions in regards to the £571 million deficit in the BHS pension scheme.