Financial news

• UK Financial Regulatory Developments - May 2016 #7 - JD Supra (press release)

  17-05-2016 21:28
  
  UK Financial Regulatory Developments - May 2016 #7
  JD Supra (press release)
  MAS has published an updated business plan for 2016-2017. The changes reflect criticism that MAS was spending too much time and money building its own brand and developing its own website. It will no longer do this, but will instead use the money to ...
  
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• Microsoft says UK staying in EU important for investment - Financial Express

  17-05-2016 19:55
  
  Financial Express
  Microsoft says UK staying in EU important for investment
  Financial Express
  Microsoft said on Tuesday that Britain should stay in the European Union if it wanted to receive more investment, the same day the Confederation of British Industry urged firms to discuss the vote with staff. By: Reuters | London | Published: May 17 ...en meer »
  
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• UK inflation down as air fares fall

  17-05-2016 19:01
  
  Treasury jumps on data showing transport and clothing cheaper than year earlier as signs of Britain being better off within EUUK inflation fell unexpectedly in April, with lower air fares, clothes and secondhand car prices triggering the first drop in seven months.Britain’s main measure of inflation, the consumer prices index, fell from 0.5% in March to 0.3% last month, according to the Office for National Statistics. Economists had forecast no change at 0.5%. Continue reading...
  
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• Massive financial capability potential for UK's building societies – New BSA Report - PoliticsHome.com

  17-05-2016 18:09
  Massive financial capability potential for UK's building societies – New BSA Report
  PoliticsHome.com
  Britain's building societies are well placed to help stem the nation's personal debt crisis at a grassroots level with better financial education for young people, according to a new report by the charity, MyBnk. Building societies 'uniquely placed' to ...
  
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• Inflation falls as air fares become cheaper and high street clothes shops slash prices

  17-05-2016 17:56 via feedproxy.google.com
  
  INFLATION fell in April for the first time since last September as air fares became cheaper and clothes shops slashed prices on the high street, according to official figures.
  
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• Costs of overdrafts to fall as part of UK banks overhaul

  17-05-2016 17:35
  
  Consumer groups, challenger banks and analysts say CMA proposals will not reduce big four’s stranglehold on current accountsBanks will be forced to publish their maximum charges for unauthorised overdrafts as part of measures intended to save customers £1bn over five years, by encouraging switching and breaking the stranglehold of the big four on the high street.But even as the Competition and Markets Authority pledged the measures would halve the £1.2bn customers pay in unauth
  
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• Are car alarms a complete waste of time?

  17-05-2016 17:21
  
  The security devices have been criticised by councils and car owners for failing to combat crime – but it might not be worth scrapping them altogether ...They have become the electronic dawn chorus in our towns and cities, but is it time to kill the car alarm? This week, it was claimed that security devices “don’t deter criminals” and are “a public nuisance” – statements backed up by studies from the 1990s that show that, between 95%-99% of the time, the
  
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• The super-rich blackmail us with threats to leave the UK. We should call their bluff

  17-05-2016 17:13
  
  An exodus of the very wealthy would affect the housing market, but it would not be the disaster people thinkA threat hangs over British politics. Come election time, it is whispered to voters at the ballot box. It limits the choices available to every government. You know this threat because you’ve heard it so many times. Do this, it says, and the super-rich will leave. Choose that, and the wealth creators will flee. Related: Super-rich may quit London homes under new anti-corrup
  
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• Why Sadiq Khan should bring down travel costs for London students

  17-05-2016 15:46
  
  Keeping transport costs low was one of his flagship policies during the London mayoral election campaign, but this might not be enough for struggling students – they deserve a proper discountKeeping transport costs down was one of Sadiq Khan’s key pledges when he was elected as mayor of London a fortnight ago, and everyone has heard his recollections of being raised by a bus-driver father. He seems to be a mayor invested in the way we move around the capital.For students studying in
  
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• March mortgage lending 'supercharged' by stamp duty deadline

  17-05-2016 13:22
  
  Landlords borrowed £7.1bn, 163% up on March 2015, in bid to beat 1 April deadline, says Council of Mortgage LendersMortgage lending soared to a nine-year high in March as the housing market’s traditional spring rush coincided with landlords hurrying to beat stamp duty changes, new figures show.Homeowners borrowed £13.8bn for house purchase in March, the highest monthly amount since August 2007. Meanwhile, landlords borrowed £7.1bn, which was 163% up on the £2.7bn le
  
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• Stamp duty rush boosts March house prices, says ONS

  17-05-2016 12:46
  
  Office for National Statistics said its UK house price index increased by 2.5% on the monthUK house prices increased in March at their fastest monthly rate since 2004 as buy-to-let investors accelerated their purchases ahead of a stamp duty rise in April.The Office for National Statistics said its UK house price index increased by 2.5% between February and March to take the average price of a home to £291,820. Continue reading...
  
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• UK inflation falls for the first time since September - Financial Express

  17-05-2016 11:55
  
  Financial Express
  UK inflation falls for the first time since September
  Financial Express
  Official figures show that Britain's annual inflation rate dropped last month to 0.3 per cent from 0.5 per cent in March, as stores slashed prices on clothes amid cool temperatures and airlines cut fares after Easter holidays. By: Associated Press ...
  Cheaper air fares contribute to fall in UK inflationFinancialNews.co.uk (blog)alle 229 nieuwsartikelen »
  
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• City news: HSBC job cuts, Barclays, Stock Spirits and Mountain warehouse’s profits

  17-05-2016 09:32 via feedproxy.google.com
  
  HSBC is axing 840 IT jobs in the UK as part of a cost-cutting drive.
  
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• BT rivals back call for reform to boost the UK’s digital communications

  17-05-2016 09:03 via feedproxy.google.com
  
  BT HAS hit back at rivals who have renewed calls for a radical reform of the telecoms giant’s Openreach phone and broadband network business to boost the UK’s digital communications.
  
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• No Smiling here as bank turns a deposit into a nightmare

  17-05-2016 08:00
  
  Smile and NS&I are passing the problem between them and I am faced with a £150,000 overdraftI am having a terrifying problem with NS&I and Smile.co.uk. Last week, the proceeds from the sale of my flat were paid into my Smile current account. Not wishing to leave all the money in a bank, I made two deposits of £99,000 (the maximum amount) by debit card into my NS&I direct saver account, leaving my current account some £40,000 in credit.But I am now unable to make any
  
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• China taps UK for insights into how to enhance its financial regulation - Irish Independent

  17-05-2016 04:06
  
  Irish Independent
  China taps UK for insights into how to enhance its financial regulation
  Irish Independent
  China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year's stock market crash, sources told Reuters. Share. Facebook · Twitter · Google · Email. Go To. Comments ...
  China Seeks Help from UK on Its Plans to Create Financial Super-RegulatorInsurance Journalalle 35 nieuwsartikelen&nb
  
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• House prices fall in London’s luxury postcodes

  17-05-2016 01:01
  
  Oil price, stamp duty and Brexit fears cause drop in areas such as Notting Hill and Hampstead but market rises elsewhereLondon’s luxury postcodes have seen house prices fall by as much as 11.8% over the past year, but the property slowdown is a “myth” in much of the rest of the capital.Data from the estate agency Stirling Ackroyd published on Tuesday showed that the price of homes in 47 out of 272 postcode areas fell over the last quarter, the majority in the city’s most
  
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