Financial news

• Move over Jams, next year this time the focus may be on PGPs

  23-11-2016 21:02 via theguardian.com
  
  Gloomy UK economy forecast for 2017 may compel the chancellor to provide for ‘poor getting poorer’ alongside the ‘just about managing’ The new chancellor could barely have hoped for a better backdrop. High street spending is booming, inflation remains low, unemployment is the lowest it’s been for more than a decade. And all that despite the shock referendum result and warnings from people like Bank of England governor Mark Carney and the International Monetary Fund
  
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• Autumn statement more Fifty Shades of Grey than Pride and Prejudice

  23-11-2016 20:47 via theguardian.com
  
  A dysfunctional economy meant the chancellor, Philip Hammond, largely dispensed with political theatre Philip Hammond’s first and last autumn statement was a sombre affair. The chancellor largely dispensed with political theatre to tell it straight. Britain’s economy is dysfunctional. Austerity has failed. Welfare cuts are going to bite. Brexit will be a £60bn drag on growth and the public finances. That’s the way it is. Related: Chancellor to crack down on letting fees i
  
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• Autumn statement: brill for builders, perturbing for pensioners

  23-11-2016 19:41
  
  Philip Hammond’s £2.3bn infrastructure fund is a boon for construction workers, but the pensions ‘triple lock’ may be doomedPhilip Hammond’s first autumn statement has delivered winners and losers. But who are they? Continue reading...
  
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• Chancellor announces 2.2% government-backed savings bond

  23-11-2016 19:16
  
  Maximum investment of £3,000 in bond to be offered by National Savings & Investments from spring 2017Savers desperate for a better return on their cash will be able to take out a new “market-leading” government-backed savings bond paying around 2.2%, the chancellor, Philip Hammond, has announced.The government expects about 2 million people to snap up the bond, which will be offered by National Savings & Investments from spring 2017 and will be for savers willing and ab
  
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• 'Politicians don’t have a clue': people respond to the autumn statement

  23-11-2016 18:00
  
  From a Deliveroo driver to a teacher, we asked people for their take on the chancellor’s pronouncementsWe spoke to a range of people about what they thought of the announcements in the autumn statement.Continue reading...
  
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• Small businesses give Hammond's autumn statement 6 out of 10

  23-11-2016 17:46 via theguardian.com
  
  Business groups are disappointed by failure to tackle business rates issues and lack of support following the vote for BrexitInvestment in broadband, infrastructure and exporting, including a £23bn national productivity investment fund, were among the chancellor’s announcements to boost business. Delivering his autumn statement Philip Hammond said: “My priority as chancellor is to ensure that Britain remains the number one destination for business – creating the investmen
  
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• Autumn Statement 2016: 'Hammer blow' bill rise for struggling families

  23-11-2016 17:45 via feedproxy.google.com
  
  PHILIP Hammond's tax increase on insurance policies has been blasted as a "hammer blow" for hard-pressed households from today's Autumn Statement.
  
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• Autumn Statement 2016: Saving changes new BLOW to pension freedoms

  23-11-2016 17:15 via feedproxy.google.com
  
  PEOPLE who have used pension freedoms to take taxable cash from pots are to have the amount that can be saved back into schemes slashed by more than half, Philip Hammond revealed in today's Autumn Statement.
  
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• Philip Hammond's autumn statement – video highlights

  23-11-2016 16:47 via theguardian.com
  
  Philip Hammond gives his autumn statement in the House of Commons on Wednesday. Key points include lower growth forecasts, a £23bn national productivity investment fund, a housing white paper and the abolition of letting fees for tenants. The chancellor also said this would be his last autumn statement
  Philip Hammond admits Brexit vote means £122bn extra borrowingContinue reading...
  
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• Chancellor spreads giveaways thinly for Britain's 'Jams'

  23-11-2016 16:40
  
  The ‘just about managing’ were the focus before autumn statement, but their gains are outweighed by rising bills and pricesThe “just about managing” will have to continue just about managing, with less money, after the feeble set of giveaways in Philip Hammond’s first – and last – autumn statement.The chancellor is deviating little from the austerity path set by his predecessor, George Osborne. For most families, the bigger picture of Brexit, and what su
  
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• Can we seize (Mr) Philip Green’s superyacht to fill the BHS black hole?

  23-11-2016 16:30 via theguardian.com
  Frank Field MP has written to the Pensions Regulator to ask if the Arcadia boss’s assets can be seized. Will it change Lionheart’s name to Pensiony McPensionface?Name: Lionheart.Age: Like new, one careful owner. Continue reading...
  
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• Insurance premium tax is increased again in autumn statement

  23-11-2016 16:26
  
  Chancellor’s move is branded a ‘hammer blow for the hard-pressed’, with young drivers and those in London expected to be hardest hit
  Insurers and motoring groups have reacted with fury to the government’s announcement that insurance premium tax (IPT) will rise to 12% from June next year. The tax, which is added to 50m general insurance policies each year including those for cars, homes and private medical cover, had been described in the runup to the statement by the indu
  
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• Selfridges goes bigger on bags as £300m London revamp begins

  23-11-2016 16:11 via theguardian.com
  
  Oxford Street store to have biggest ‘handbag hall’ in the world designed with architect David ChipperfieldSelfridges has unveiled the first phase of what it boasts will be the largest “handbag hall” in the world, as part of a £300m refurbishment of its flagship London store.The retailer’s existing luxury handbag and accessories department at the Oxford Street store will triple in size by 2018 to 5,750 sq m (61,000 sq ft), will be longer than the football pitch
  
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• How will the autumn statement affect you?

  23-11-2016 15:59
  
  We examine whether it’s good news or bad for pensioners, letting agents, savers and employees
  The chancellor, Philip Hammond, has delivered his first – and last – autumn statement. He promised to “build an economy that works for everyone”, but what do the measures he announced mean for your finances? Continue reading...
  
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• Autumn Statement 2016: Hammond unveils SAVERS' BOOST with new market-leading bond

  23-11-2016 15:50 via feedproxy.google.com
  
  STRUGGLING savers have been thrown a small lifeline by Chancellor Philip Hammond in today's Autumn Statement.
  
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• Financial Fraud Action UK warns people not to take financial risks online on ... - News Shopper

  23-11-2016 15:47
  
  News Shopper
  Financial Fraud Action UK warns people not to take financial risks online on ...
  News Shopper
  More than a third of online shoppers in London admit they are more likely to take a financial risk if they see a great bargain, according to Financial Fraud Action UK(FFA). Almost a quarter say they never check the authenticity of an online retailer ...
  
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• Warning for Black Friday and Cyber Monday shoppers: Don't let fraudsters take ... - News Shopper

  23-11-2016 15:45
  
  News Shopper
  Warning for Black Friday and Cyber Monday shoppers: Don't let fraudsters take ...
  News Shopper
  More than a third of online shoppers in London admit they are more likely to take a financial risk if they see a great bargain, according to Financial Fraud Action UK(FFA). Almost a quarter say they never check the authenticity of an online retailer ...en meer »
  
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• UK economy to grow at slowest pace since 2009 - CNNMoney

  23-11-2016 14:15
  
  CNNMoney
  UK economy to grow at slowest pace since 2009
  CNNMoney
  The U.K. will be forced to borrow an extra £58.7 billion ($72.6 billion) over the next five years because of an economic slowdown triggered by its vote to leave the European Union, according to the Office of Budget Responsibility. The independent ...en meer »
  
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• Austin Reed to return to high street seven months after collapse

  23-11-2016 12:33 via theguardian.com
  
  Retail chain that went into administration in April with loss of 1,000 jobs will open first new stores before end of this yearAustin Reed is returning to the high street seven months after the tailoring specialist collapsed into administration with the loss of 1,000 jobs.The retail chain’s 120 stores closed in June, but new owner Edinburgh Woollen Mill is investing £100m in a relaunch. Continue reading...
  
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• Letting agent fees banned in Autumn Statement in ANOTHER assault on UK's small landlords

  23-11-2016 11:06 via feedproxy.google.com
  
  LETTING agent fees will be scrapped in today’s Autumn Statement from Chancellor Phillip Hammond, but Britain's landlords are set to pick up the costs in yet another “draconian” clampdown on the sector.
  
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• Autumn Statement 2016: Everything you need to know and what it means for your money

  23-11-2016 10:41 via feedproxy.google.com
  
  CHANCELLOR Philip Hammond has given his first Autumn Statement, where he has laid out plans to help families who are 'just about managing' - so-called JAMs.
  
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• Protecting your finances from the threat of dementia

  23-11-2016 09:30 via feedproxy.google.com
  
  BRITONS need to face up to the growing threat posed by dementia because it can inflict financial as well as physical damage.
  
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• Your bank savings protected by an extra £10k - thanks to Brexit

  23-11-2016 09:16 via feedproxy.google.com
  
  BRITISH savers are set to get an extra £10,000 in protection for their bank deposits, thanks to Brexit.
  
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• Christmas shoppers set to splurge on Black Friday and Cyber Monday

  23-11-2016 09:15 via feedproxy.google.com
  
  BRITONS are set to go on a spending spree as they prepare to celebrate the festive season.
  
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• Morrisons is reviving its Safeway foods brand

  23-11-2016 08:29 via feedproxy.google.com
  
  MORRISONS is bringing back the Safeway brand after more than a decade as it prepares a fresh assault on the convenience food market.
  
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• 'Tinder meets NCT' … and other apps targeting parent problems

  23-11-2016 08:15 via theguardian.com
  
  From booking babysitters to tracking your child’s social life, there’s now an app for that. We speak to the startups cashing in on the family market When Shilpa Bhandarkar forgot to give her child a pound to exchange for a charity cupcake at school, her daughter was incensed. How could her mother do such a thing? Sharing parenting fails with her friend Amit Rai, Bhandarkar discovered that he had once forgotten to take his son to a birthday party – and an idea was born.“We
  
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• City News: Lloyds, Lavendon, Screwfix, The BFG

  23-11-2016 08:03 via feedproxy.google.com
  
  LLOYDS Banking Group took another step towards full private ownership after the Government reduced its stake to below 8 per cent.
  
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• Towering homes – in pictures

  23-11-2016 08:00
  
  Here’s your chance to live the high life in properties from Cumbria to SpainContinue reading...
  
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• Can I watch BBC iPlayer with a black and white TV licence?

  23-11-2016 08:00
  
  No, says TV Licensing. You require a colour TV licence if watching iPlayer on a tablet, computer or phoneAs someone who still watches TV on a black and white set, can I use BBC iPlayer with a black and white licence? SR, by emailAs you won’t be surprised to learn, TV Licensing says no. It explains that since the digital switchover (completed in 2012), a black and white licence has only been valid if you connect a black and white TV to a digital box that can’t record. This is because
  
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• How social security pact with UK can benefit Indian employees - Financial Express

  23-11-2016 02:00
  
  Financial Express
  How social security pact with UK can benefit Indian employees
  Financial Express
  THERESA MAY'S maiden visit to India as the new prime minister of UK gave a ray of hope to the supporters of the proposed Social Security Agreement (SSA) between India and the UK. Ardent followers of the topic know that the India-UK SSA has been a ...
  
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• Will rents go up if unfair letting fees are banned?

  23-11-2016 01:01
  
  Tenants will welcome the end of eye-watering charges – but that could simply mean they pay more each month insteadWhen Rory Gray moved into a one-bed flat in Exeter last year, it wasn’t the £650 a month rent that really irked him – but the £800 in fees demanded by the letting agent, part of Britain’s biggest agency, Countrywide. Countrywide’s local agent in Exeter expected the tenant to pay £360 as a “tenancy fee”, £90 for “
  
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