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This week's round up includes a council tax rise, the nation’s favourite supermarket revealed and a credit card ban on bitcoin purchases

Money news round-up

All set for Valentine’s Day on Wednesday? Hands up who’s treating their partner to a four-course meal at Greggs? Steak bakes and doughnuts aside, this week saw the announcement of a council tax rise, the nation’s favourite supermarket revealed and some banks starting to impose a credit card ban on bitcoin purchases.

Improvements for zero-hour workers

A new Government reform means the UK will become one of the first countries to tackle workers’ rights as they pledge to help create higher-paying jobs; as well as ensuring holiday and sick pay for those on zero-hour and agency contracts.

Ban on buying Bitcoin on your credit card

Virgin Money has joined Lloyds Banking Group in banning buying crypto-currencies on credit cards, although this doesn’t currently apply to debit cards.

With the value of Bitcoin falling a further 10.86% last week, the two banks are concerned about customers running up large amounts of debt and will block any crypto-currency credit card transactions.

Council Tax rise from April

From April this year households could see an increase in council tax of up to 6%, which would take the annual cost for a typical property (the average Band D home) up £95 to £1,686.

More than 90% of councils are also considering upping fees for services such as garden waste collection, meals on wheels and planning applications, as a new survey shows that town halls and their taxpayers are now "perilously close to the edge".

Footfall slumped last year

Figures from The British Retail Consortium revealed that retail footfall slipped 1.6% in January, compared to the same period a year ago. Although this is an improvement on December’s 3.5%, this is the worst January since 2013.

And finally…

Aldi tops the Which poll as the nation’s favourite supermarket, knocking Waitrose off the top spot which they’ve held for three years.

Marks & Spencer came in second place with five-star ratings across quality of own-label products and fresh products and Lidl ranked in third position with five stars for its value for money.

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