James Moore: Comparison sites are not quite consumer champions
Outlook "Our goal is to save more people money," declared Peter Plumb, the chief executive of moneysupermarket.com, the price comparison website. And with consumer champion Martin Lewis and his moneysavingexpert on board, surely only a cynic would doubt it. A cynic like me.
Mr Lewis pops up all over the place and thus serves as a marvellous free ad (BBC presenters usually cough with embarrassment and say there are alternatives out there when he opines).
Advertising is a big driver for these sites, and Moneysupermarket's have been very successful recently. So successful that pre-tax profits grew by a more than a third to £43m, thanks to the cut it takes on each sale. Score one for the consumer champions then? Well, maybe. The Financial Conduct Authority is poking around the industry. It describes price comparison sites like this as "a useful tool". But calling them consumer champions? That might be over-egging it.
- 1 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 4 Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
- 5 Muslim women's rights campaigner writes heartfelt letter to girls thinking of joining Isis
Ukraine crisis: Putin will cut gas to Europe unless Russia is paid by the end of the week
Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
Isis burns thousands of books and rare manuscripts from Mosul's libraries
Missing Mexico teachers: Protests organised by union quashed in violent police crackdown
Mohammed Emwazi: Nine things we now know about man named as Isis militant 'Jihadi John'
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
Ukraine crisis: 'One miscalculation, and Britain faces an existential threat to our whole being...'
iJobs Money & Business
£17000 - £25000 per annum: Recruitment Genius: An opportunity to join this new...
£18000 - £21000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£36000 - £44000 per annum: Recruitment Genius: Encouraging more businesses to ...