Financial news

• CBI boss on wrong track if she can't say sorry about Labour’s rail plans | Nils Pratley

  17-10-2019 22:42 via theguardian.com
  It is nonsensical for Carolyn Fairbairn to ‘stand by’ the CBI’s analysis, but Labour should publish its costingsCBI calls on Labour to publish nationalisation plansThere were two important statements from the CBI on Thursday. One, as you’d expect, was a view on the new UK-EU withdrawal agreement. In short, the employer’s body welcomes anything that lessens the chances of a damaging no-deal Brexit but it warned that “big questions remain about the feasibility o
  
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• CBI calls on Labour to publish nationalisation plans

  17-10-2019 20:15 via theguardian.com
  Group releases breakdown of its own £196bn-cost estimate and asks party to ‘fill in gaps’ if it disagreesNils Pratley - CBI needs to say sorry to LabourThe Confederation of British Industry has served Labour with a challenge to publish the full details of its nationalisation plans, in the latest twist of an increasingly bitter row.Britain’s leading business group hit back amid mounting pressure over its claim that Labour’s nationalisation plans would cost £196
  
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• The Guardian view on the IMF and World Bank: back a global Green New Deal | Editorial

  17-10-2019 19:30 via theguardian.com
  At 75, the Bretton Woods institutions face an identity crisis. It’s time for them to chart a fresh courseThe International Monetary Fund and the World Bank have their 75th birthday this year, but the organisations that emerged from the Bretton Woods conference in 1944 are in no real mood to celebrate at their annual meetings this week. In Washington the mood is decidedly downbeat. Global growth is slowing; the conviction that low interest rates are here to stay is encouraging reckless beha
  
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• Debt £511m but dividends galore: the Glazers’ legacy at Manchester United | David Conn

  17-10-2019 17:20 via theguardian.com
  John Henry’s FSG has put in a net £100m at Liverpool in nine years but at Manchester United the financial backdrop to their on-field struggles is very differentThrough the long years when Sir Alex Ferguson’s Manchester United were amassing trophies and cash, and Liverpool were stagnating in a derelict neighbourhood, Anfield could only dream of today’s reversal of fortunes. Liverpool, rebuilt and rebooted since 2010 under their US investor owners, arrive on Sunday as Europ
  
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• Labour’s nationalisation plans should be debated – but not with misleading figures | Carys Roberts

  17-10-2019 14:41 via theguardian.com
  The CBI’s flawed analysis ignored all the benefits of the party’s flagship policyIt’s hard to unite nationalisation advocates and sceptics. But the Confederation of British Industry has managed to do just that, getting into hot water this week with an unsubstantiated claim that the Labour party’s plans to renationalise utilities would cost £196bn. These kinds of big numbers get media attention and help drive a narrative, particularly when they come from an establish
  
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• Three network crash affects millions in UK

  17-10-2019 11:31 via theguardian.com
  Phone network with 10m UK customers apologises for voice, text and data problemsMillions of Three UK mobile phone network customers were unable to use their phones after a network meltdown.The company, which has 10 million users in the UK, said the the problem started on Wednesday night and service had started to be returned to some customers on Thursday. The network advised customers to switch their phones off and on again to restore service. Continue reading...
  
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• I was left feeling in the danger zone after Ford’s safety recall

  17-10-2019 09:00 via theguardian.com
  When it didn’t have the parts, it suggested the car could be driven despite needing ‘urgent action’I received a letter from the Ford Motor Company advising of a safety recall on my vehicle. It told me “urgent action” was required on the engine coolant sensor system. I immediately booked my car into the local dealer and was told that the work might take up to two days. But I was subsequently informed that Ford was unable to supply the parts to fix it. After four days
  
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