Financial news

• Much like the Queen, we're all going to be working a lot longer

  24-04-2016 14:56
  
  The Queen exemplifies a trend that will have a profound economic effect in the future, and needs to be addressed nowThe day after the Queen celebrated her 90th birthday, the Obamas came for lunch. Prince Philip, almost five years older than his wife, got behind the wheel of a Range Rover to drive the president and his wife Michelle to the door of Windsor Castle.What has this got to do with economics? On the face of it, not much. For many, the news coverage to mark the start of Her Majesty’
  
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• Britain's billionaires take biggest hit to fortunes since financial crash - Express.co.uk

  24-04-2016 13:56
  
  Express.co.uk
  Britain's billionaires take biggest hit to fortunes since financial crash
  Express.co.uk
  BRITAIN'S richest have taken the biggest hit to their fortunes since the financial crash, the has been revealed. By Alix Culbertson. PUBLISHED: 12:36, Sun, Apr 24, 2016 | UPDATED: 12:54, Sun, Apr 24, 2016 ...en meer »
  
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• Barack Obama: post-Brexit trade deal with UK could take 10 years

  24-04-2016 12:44
  
  President says Britain would not get preferential treatment over the EU when it comes to negotiating new terms with USIt could take Britain 10 years to negotiate a trade deal with the US if it votes to leave the EU, Barack Obama has said.Speaking to the BBC at the end of his final visit to the UK as president, Obama said: “It could be five years from now, 10 years from now before we’re actually able to get something done.” Continue reading...
  
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• Times are hard for bankers – but they did nearly bankrupt the planet

  24-04-2016 10:00
  
  Nomura, Barclays, Citigroup and more are signalling tough times in investment banking. And then there’s the EU referendum…The difference between an investment banker and a pigeon, the old joke went during the credit crunch, is that a pigeon can put down a deposit on a new Porsche.It’s not a classic, perhaps, but it was enough to irk many of the jumped-up bookmakers that inhabit the trade, until the shock of nearly bankrupting the planet wore off and they discovered new ways of
  
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• Customers’ reluctance to try newcomers props up the banking giants

  24-04-2016 09:00
  
  The sector has been battered by misfortunes of its own making, but the challenger banks’ lack of success is a source of comfort for established playersWhen HSBC held its annual meeting at this time last year, the bank’s shares were trading at around 611p. When outgoing chairman Douglas Flint fronted up to shareholders for this year’s event last week, they were around 472p – 23% lower. If the meeting had been held a fortnight earlier, the picture would have been an even mo
  
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• Bank of England policymaker is behind the curve on wages

  24-04-2016 09:00
  
  If the MPC’s Ian McCafferty were to indulge in the economics of walking about, he might observe that workers are in no position to provoke pay inflationSo it was an apology of sorts, but with a sting in the tail: Bank of England policymakers don’t like to say sorry. It was in this vein that Ian McCafferty – a former chief economist for the CBI, who joined the Bank’s nine-strong monetary policy committee (MPC) in the autumn of 2012 – said he had twice made the mistak
  
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• Sparks fly when I try to insure my Nissan Leaf electric car

  24-04-2016 08:00
  
  The quote was double what I paid for my old VW GolfI replaced my 1.6 litre diesel VW Golf with a Nissan Leaf electric car six months ago, and am now totally converted to electric cars. However, when our insurance recently came up for renewal the premium almost doubled from around £300 to more than £600. When asked why, the broker said many insurers won’t insure electric vehicles because they are an “unknown quantity”.Continue reading...
  
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