Financial news

• When ATMs were designed to swallow your card | Brief letters

  03-05-2016 20:53
  
  1960s cashpoints | David Attenborough’s BBC thoughts | iTunes irritations | Queen’s telegram | Nervous ticReading the account of how James Goodfellow invented the first ATM (Money, 30 April) reminded me of my first National Westminster Group 24-hour cash card from the 1960s, which I still have. It is rather akin to the old computer-punched cards and when fed into the hole in the wall dispensed the princely sum of £10 after I had entered my 10-digit pin . But unlike today&r
  
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• Leicester won the league but the bookies were far from beaten

  03-05-2016 20:22
  
  The Foxes 5,000-1 success was excellent news for the bookies. Just don’t expect the bookies to say so – shouting about losses is good marketingThe bookies took a right old caning on Leicester City, right? Don’t believe a word of it. The part of the tale that is correct is that the Foxes’ triumph, at odds that started the season at 5,000-1, ensured a loss for most bookmakers on the thin market in predicting the outright winner of the Premier League. William Hill, for examp
  
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• TTIP has been kicked into the long grass … for a very long time

  03-05-2016 19:58
  
  Trade talks are agonisingly slow at the best of times, especially so when they involve harmonising standards on controversial issuesAs talks to broker a global trade deal entered a second tortuous decade, the US and the European Union came up with an idea. Since it was proving impossible to find agreement among the 150 or so members of the World Trade Organisation about how to tear down barriers to freer commerce, they would strike their own agreement.Talks on the Transatlantic Trade and Investm
  
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• Amazon Fresh food deliveries 'to start this month in UK'

  03-05-2016 19:57
  
  Online retailer understood to have tested service from east London depot and asked suppliers to begin deliveries within weeksAmazon is believed to be planning to start delivering fresh food in the UK this month, stepping up the pressure on traditional supermarkets.The online retailer is understood to have been testing fresh food deliveries from its depot in east London and to have asked suppliers to begin deliveries in the next few weeks. Continue reading...
  
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• I'm self-employed – would Brexit stop me from freelancing in another EU country?

  03-05-2016 18:49
  
  Self-employed UK citizens have the right to work in any EU member state. Our experts explain how an out vote could impact thatWith the EU referendum drawing near, we continue to quiz our expert panel with small business’ questions on Brexit. This week they discuss the plight of the self-employed in the event of an out vote: I’m a self-employed UK citizen but I would like to move to another EU country to freelance – how might Brexit affect me doing that?Continue reading...
  
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• Expensive car owners will rush to buy self-driving cars, says Volvo chief

  03-05-2016 18:11
  
  Autopilot will attract one in four premium car drivers and the technology can be made affordable, and available, by 2020, Volvo boss predictsAbout one in four owners of premium cars would buy a self-driving vehicle, according to Volvo’s chief executive, who has vowed to make the technology affordable.Håkan Samuelsson said Volvo had had a deluge of interest in its “Drive me” trial in London next year, when 100 drivers will test its new autonomous driving technology on moto
  
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• Councils 'to sell up to £145m of housing a year to fund right-to-buy'

  03-05-2016 17:30
  
  Birmingham would be forced to sell the most council homes to help housing association tenants buy, says ShelterCouncils in England face having to raise as much as £145m a year each by selling off their own housing to fund an extension of the right-to-buy scheme, housing charity Shelter has claimed.Under plans unveiled in 2015, local authorities will be required to sell “higher value” council homes when these become vacant. A chunk of the money raised would be used to fund disco
  
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• Doubts rise over TTIP as France threatens to block EU-US deal

  03-05-2016 17:26
  
  French president rejects trade pact in current form as lead negotiator blames Washington for impasse a day after leak revealed ‘irreconcilable’ differencesDoubts about the controversial EU-US trade pact are mounting after the French president threatened to block the deal. François Hollande said on Tuesday he would reject the Transatlantic Trade and Investment Partnership “at this stage” because France was opposed to unregulated free trade.Continue reading...
  
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• Bore-out: like burnout, but less interesting

  03-05-2016 16:40
  
  Frédéric Desnard is having an existential crisis because his job isn’t stimulating enough. Hasn’t he heard of Twitter, Facebook, Instagram, gossip and lengthy tea breaks?Name: Bore-out.Age: Meh. Continue reading...
  
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• 'Bank of Mum and Dad' behind 25% of British mortgages

  03-05-2016 08:45
  
  Lending power of parents to reach £5bn this yearThe “Bank of Mum and Dad” will help finance 25% of UK mortgage transactions this year, according to research.Related: UK housing crisis: four in 10 renters fear they will never own a homeContinue reading...
  
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• Endsleigh won’t refund our insurance policy despite a warning not to travel

  03-05-2016 08:00
  
  We had booked to volunteer in a Zika virus area, then I found out I was pregnantMy husband and I booked to do volunteering work in Bolivia in late May. Later we discovered that we are expecting our first child and, due to the risk of contracting the Zika virus, our GP advised us to cancel the trip.Despite a letter from the doctor confirming this, our insurer Endsleigh is refusing to reimburse us. Continue reading...
  
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• Employers taking 'drastic steps' to cope with national living wage

  03-05-2016 08:00
  
  Some small businesses are blaming George Osborne’s recently introduced policy, of a £7.20 per hour work rate, for job losses and company insolvenciesThe creation of the National Living Wage was the headline announcement of the budget in July 2015. The chancellor George Osborne set a rate of £7.20 per hour for all workers aged 25 and older, which came into force on April 1, 2016. He also set a target of £9 per hour by 2020.One month on, there are concerns that the National
  
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• 'jobs, low prices and financial security at risk' if uk backs brexit - Daily Mail

  03-05-2016 01:34
  
  'jobs, low prices and financial security at risk' if uk backs brexit
  Daily Mail
  The UK economy could face a £250 billion hit in lost trade if the country votes to leave the European Union, Remain campaigners have claimed. The Britain Stronger in Europe analysis suggests that trade to the European Union would be £224 billion lower ...en meer »
  
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