Financial news

• North of England loses 310,000 graduates in 10-year brain drain

  19-11-2016 22:02 via theguardian.com
  
  Bristol is only English city other than London that attracts graduates despite better chance of home ownership in northThe Tory architect of George Osborne’s “northern powerhouse” strategy and leaders of Britain’s largest northern cities are demanding that the government acts to reverse a major brain drain to the south of England, as new figures show that 310,000 graduates have left the north in the past decade.Infrastructure investment is expected to be at the heart of t
  
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• Labour proposes jail for software-using ticket touts

  19-11-2016 19:58 via theguardian.com
  
  Tom Watson accuses government of failing music and sports fans over ‘industrial-scale market abuse’ involving botsTouts who use automated software to bulk-buy thousands of concert tickets for resale at a profit would face prison sentences under new proposals from the Labour party. Related: How the ticket touts get away with bleeding fans dryContinue reading...
  
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• Banks want to stay in 'financial centre' London after Brexit

  19-11-2016 18:25 via feedproxy.google.com
  
  LEADING global banks have no plans to leave London following Britain's vote to leave the European Union and are now toning down threats and warnings of an exodus, as Theresa May reaches out to assure the financial sector.
  
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• EU STRANGLED Greece after colluding to bring Athens into euro, blasts Archbishop

  19-11-2016 18:19 via feedproxy.google.com
  
  THE Archbishop of Canterbury has blasted the Brussels elite who 'strangled the hopes and futures' of Greece, after fiddling the sums so that Athens could join the euro.
  
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• Brexit boost: An end to austerity: What to expect from Philip Hammond's Autumn Statement

  19-11-2016 18:09 via feedproxy.google.com
  
  PHILIP Hammond is set to herald a welcome end to austerity when he lays out his plans for Britain's economy in the Autumn Statement on Thursday.
  
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• Donald Trump's economic policies could go badly wrong – but not soon enough

  19-11-2016 17:04 via theguardian.com
  
  We can’t bank on him being a one-term president. In fact growth could actually accelerate for a couple of years before the real effects kick inNovember 2020: the results of the US presidential election are in. The Democrat candidate, Elizabeth Warren, fought bravely but the outcome was never really in doubt. With the economy booming, Donald Trump is returned to the White House in a landslide. His pitch to voters has been simple: I kept my promise. America is great again.For Trump’s o
  
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• Cyprus, crisis and the bank that came back from the brink

  19-11-2016 17:00 via theguardian.com
  
  The country’s biggest lender took cash away from savers to survive in 2013. Now, remarkably, Bank of Cyprus is hoping to float in LondonOnly three years ago, Bank of Cyprus was on the critical list. It had been forced – under the terms of a €10bn bailout of the country – to seize cash from its savers and was being kept afloat by billions of euros pumped in from the central bank.But, in a story of revival that mirrors the recovery in the Cypriot economy, the bank is now eye
  
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• Those luxury Egyptian cotton sheets you own may not be luxurious – or Egyptian

  19-11-2016 15:00 via theguardian.com
  
  Target and Walmart are pulling bedding off their shelves after a falsely labeled Egyptian cotton products controversy involving manufacturer Welspun IndiaEgyptian cotton, which can be spun into fine, long fiber to make sheets with a high thread count, is synonymous with luxury bedding. But in the last four months, it’s been at the center of a controversy that has caused many Americans to wonder whether the Egyptian cotton sheets they rely on for a good night’s sleep actually contain
  
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• EURO PLUNGE: Single currency could 'COLLAPSE' against dollar amid record losing streak

  19-11-2016 13:19 via feedproxy.google.com
  
  THE euro has plunged to its lowest level against the dollar since December 2015, as experts warned the currency could collapse next week amid concerns for the eurozone economy.
  
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• The top 10 tech stars in the north

  19-11-2016 09:00 via theguardian.com
  
  From an app that boosts declining high streets, to a platform where anyone can create an online radio station, these startups have been tipped for big thingsThe north’s digital economy is creating jobs at 10 times the rate of the region’s non-digital sectors, according to a recent report.
  To celebrate and promote the emergence of this so-called digital powerhouse, Tech North on Thursday night held the grand final of its Northern Stars competition to uncover the region’s 10 brig
  
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• Self-employed face retirement poverty without pension reform

  19-11-2016 09:00
  
  Experts say the government needs to act to let gig economy workers benefit from flagship auto-enrolment pension schemesWorkers in the burgeoning gig economy face poverty in retirement unless the government acts to change its flagship pension policy and makes it easier for them to save, experts have warned.The pensions minister, Richard Harrington, has indicated that he is considering ways to include self-employed workers into the flagship auto-enrolment scheme, but he has not confirmed whether t
  
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• Nationwide declare it's branch network is 'alive and well' as rivals retreat

  19-11-2016 08:14 via feedproxy.google.com
  
  NATIONWIDE said it could look to fill the gap left by its banking rivals’ retreat from the high street as it declared its 700 branch network “alive and well”.
  
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• What Christmas presents would my 90-year-old grandparents enjoy?

  19-11-2016 08:00
  
  It’s a difficult purchase, but I want them to enjoy my giftEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• What Christmas presents would my 90-year-old grand parents enjoy?

  19-11-2016 08:00
  
  It’s a difficult purchase, but I want them to enjoy my giftEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• The Big Short: is the next financial crisis on its way?

  19-11-2016 08:00
  
  Steve Eisman saw the last crash coming and was portrayed in an Oscar-winning film. Now he believes Europe’s banks, especially Italy’s, are at riskIn the Oscar-winning The Big Short, Steve Carell plays the angry Wall Street outsider who predicts (and hugely profits from) the great financial crash of 2007-08. He sees sub-prime mortgages rated triple-A but which, in reality, are junk – and bets billions against the banks holding them. In real life he is Steve Eisman, he is still o
  
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• New-build ground rent scandal could spark legal battles

  19-11-2016 08:00
  
  With thousands of homebuyers caught out by rapidly rising rents, the solicitors they used may face claims of professional negligenceSolicitors who failed to warn of soaring ground rents on leasehold properties face a wave of claims for professional negligence, following Guardian Money revelations on a scandal that has engulfed thousands of unwitting homebuyers.Many have been unaware that the ground rent on new-build leasehold properties they have bought can escalate dramatically in future years
  
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• Missing iPlayer means your Samsung TV isn’t so smart

  19-11-2016 08:00
  
  The televisions are supposed to offer access to the BBC’s and other channels’ catch-up services, but a licence issue is turning many customers offSmart televisions are hugely popular among TV viewers, allowing them to watch catch-up and other on-demand programmes, usually via an app, by connecting to the internet. They replace the need to use a computer or tablet, or other devices such as Google Chromecast.But it has emerged that Samsung has been offering smart TVs without the necess
  
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• Fix your mortgage rate now if you’re worried about Trump and Brexit

  19-11-2016 08:00
  
  Amid all the uncertainty in the UK and US, borrowers want security with their mortgage repayments. But fixed-rate deals could be on the way up
  Good news: figures issued this week revealed that mortgages are more affordable than they have ever been. Bad news: Donald Trump’s US election win is set to push up the cost of new fixed-rate mortgages on this side of the pond.So if you are thinking about signing up for one of the cheap fixed-rate deals on offer, act now to avoid paying more than yo
  
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• Black Friday deliveries may be hit by packaging workers' strike action

  19-11-2016 08:00 via theguardian.com
  
  Workers at about 40 corrugated packaging factories operated by DS Smith, Saica and Smurfit Kappa to strike over payParcel and pizza deliveries could be hit over the busiest online shopping weekend of the year after thousands of cardboard packaging workers voted for strike action over pay.Workers at about 40 corrugated packaging factories operated by DS Smith, Saica and Smurfit Kappa have rejected a 2% pay rise, claiming their rewards have fallen behind as the companies increased profits.Continue
  
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• Black Friday: a shopper’s guide

  19-11-2016 08:00
  
  We look at how to make the most of the busiest shopping day of the year, plus some of the best deals already availableThe busiest shopping day of the year is almost upon us, and the good news – or bad, depending on your point of view – is the Black Friday sale has moved well beyond being a 24-hour promotion, effectively stretching over more than a fortnight. But are the supposed bargains all they’re cracked up to be?A random sampling of some of Amazon.co.uk’s offers sugge
  
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• Autumn statement: why the chancellor mustn’t cut stamp duty

  19-11-2016 08:00
  
  Philip Hammond can do a deal for the rich homebuyers of Mayfair or do something for middle England insteadWednesday’s autumn statement will be the first test of new chancellor Philip Hammond. Will he, as Theresa May promised in her speech on becoming prime minister, “make Britain a country that works for everyone”. Or will he listen instead to a vociferous campaign on the front pages of the Daily Telegraph, demanding tax cuts for people who can afford to buy £1m houses?Th
  
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• Pension cold calling to be banned after rise in scams

  19-11-2016 01:01 via theguardian.com
  
  Philip Hammond will announce new rules in autumn statement to tackle fraud that cost older people almost £19m in 2015A ban on cold calling to sell pension products will be introduced in next week’s autumn statement, after changes brought in by former chancellor George Osborne led to a surge in scammers tricking people out of their retirement savings.The chancellor, Philip Hammond, will use his first budget statement to announce the new rules, with the intention of ending approximatel
  
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• Converted mills – in pictures

  19-11-2016 00:45
  
  If you’re after a rural retreat with period charm, look no further than these properties from Northumberland to DevonContinue reading...
  
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