Financial news

• Uber driver tells MPs: I work 90 hours but still need to claim benefits

  06-02-2017 20:56
  
  Drivers tell select committee investigating the gig economy they earn less than the minimum wage after they pay their costsUber drivers have told MPs they felt trapped in a job that forced them to work long hours just to cover costs including the purchase of their cars.The drivers told the Commons work and pensions select committee they were locked into their jobs after paying for expensive cars in order to get higher-paying customers.Continue reading...
  
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• Trump's bonfire of banking rules could burn us all | Nils Pratley

  06-02-2017 20:14
  
  The ECB’s Mario Draghi is right to warn against relaxing rules such as Dodd-Frank aimed at preventing another financial crisis“The last thing we want at this point in time is a relaxation of regulation,” said Mario Draghi, president of the European Central Bank on Monday. He is right to worry. Relaxation of financial regulation is exactly what Donald Trump has in mind and the effects could be felt around the world.The US president seems to have accepted the half-baked idea that
  
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• Report reveals families on a financial knife-edge - AOL Money UK

  06-02-2017 19:04
  
  AOL Money UK
  Report reveals families on a financial knife-edge
  AOL Money UK
  Parents are mired by financial worries, debts, and spending. It's no wonder they spend so much time worrying. By Sarah Coles Feb 6, 2017. facebooktwittergoogle+pinterestemail. Families worry about money. fstop123 via Getty Images. British families are ...
  
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• Sharp rise in county court judgments against consumers

  06-02-2017 18:02
  
  Official figures show 24% increase in CCJs, applied for by companies against customers who fail to repay money owed, in 2016The number of county court judgments (CCJs) registered against consumers has hit a record high, according to official figures that show that an increasing number of people will have problems getting a mortgage, credit card or bank account in the future.A CCJ is a type of court order in England, Wales and Northern Ireland that any company can apply for a court to register ag
  
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• 'The UK is a tax haven' – Bermuda attacks plan to end financial ... - The Guardian

  06-02-2017 16:32
  
  The Guardian
  'The UK is a tax haven' – Bermuda attacks plan to end financial ...
  The Guardian
  Islands' deputy premier hits back against British MPs' attempt to force offshore companies to name their owners.en meer »
  
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• 'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy - The Guardian

  06-02-2017 16:32
  
  The Guardian
  'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy
  The Guardian
  Bermuda has been criticised by Oxfam as the world's worst corporate tax haven. Photograph: Alamy. Share on Facebook · Share on Twitter · Share via Email; View more sharing options; Share on LinkedIn · Share on Pinterest · Share on Google+ · Share on ...en meer »
  
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• Universities minister announces sale of student loan book

  06-02-2017 16:28
  
  Critics question assurances that move will have no impact on those paying off loans and will generate £12bn for the exchequerThe government has begun its controversial sale of the student loan book, which it expects to recoup £12bn in the long run for the exchequer, and assured graduates that they will not have to pay more.
  The universities minister, Jo Johnson, said the move would have “no impact” on student borrowers paying off loans, as terms and conditions would remai
  
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• Brexit panic is OVER - Pound to SOAR as 'tables have turned' AGAINST dollar

  06-02-2017 14:05 via feedproxy.google.com
  
  THE British pound has been tipped for a major comeback against the dollar, as market fears surrounding Brexit continue to fade.
  
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• Germany takes on ECB: Embarrassed Schaeuble blames Draghi for low Euro after US anger

  06-02-2017 13:00 via feedproxy.google.com
  
  GERMANY's finance minister has launched a scathing attack on the European Central Bank , as relations between the two sides hit boiling point.
  
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• British firms suffer Brexit impact as German factory orders soar – business live

  06-02-2017 09:31
  
  All the day’s economic and financial news, as half of UK bosses report that their firms are suffering from the vote to leave the EUBosses: We’re feeling negative impact from Brexit already
  German factories have strong December8.30am GMTThere’s no sign of Brexit damage in the latest manufacturing figures from Germany.HUGE BEAT!: German DecFactory Orders: 5.2% MoM vs 0.5%e vs -3.6% Dec (Rev-); 8.1% YoY vs 4.1%e vs 2.0% Dec (Rev-)https://t.co/ES7w5rKKdRBuoyant news on #German #man
  
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• New breed of members' club blurs lines between business and pleasure

  06-02-2017 08:20
  
  Forget cigars and suits, the latest business clubs offer co-working spaces, restaurants, gyms and even private libraries These days, the image of suited men discussing private affairs in a smoke-filled drawing room is an antiquity, but in its wake has flourished a different kind of members’ club. This new breed of club targets professionals by sector, and they are primed for remote and flexible styles of working.They have arrived at a time when even the most established private members&rsq
  
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• Shell begins huge task of decommissioning Brent oil rigs

  06-02-2017 08:01
  
  After a decade of planning and consultation, removal of Brent field rigs built in 1970s could take up to 10 years to complete Shell will this week unveil a plan to dismantle four enormous oil rigs in the North Sea, kicking off a vast and controversial decommissioning project.The Brent field rigs were built in the 1970s and produced around a tenth of the UK’s North Sea oil. But three of the four – Alpha, Bravo and Delta – have now shut down, and this summer the company will emba
  
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• Beer campaigners push for 1p off a pint in March budget

  06-02-2017 08:01
  
  Camra calls for duty cut to help both the ailing pub trade and drinkers hit by price rises prompted by weakening poundThe Campaign for Real Ale (Camra) is stepping up its push to keep the price of a pint down for millions of UK pub-goers, calling on the Treasury to reduce beer duty by 1p a pint in next month’s budget.With inflation expected to rise in the next year, Camra said the cut would help to cap the price of beer, helping consumers’ cash to go further while boosting the pubs a
  
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• Scotland needs publicly funded bank, says thinktank

  06-02-2017 08:00
  
  Report follows concerns about rising public debt from private financing of new roads, schools and hospitals in ScotlandThe Scottish government is under growing pressure to replace its private finance programme with a publicly funded bank to build new schools, roads and hospitals.The Common Weal, a pro-independence thinktank, said it should also replace the Scottish Futures Trust (SFT), the government agency that champions private financing projects such as a new Aberdeen bypass contract, which i
  
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• I am a 53-year-old teacher who can't find a permanent post

  06-02-2017 08:00
  
  I feel my age is a problem for employers and I work with many others who, like me, want to leave the profession
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.I am a 53-year-old, female teacher and I am finding it difficult to find a permanent teaching post since leaving my previous school
  
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• Funds still missing after our house move from hell

  06-02-2017 07:59
  
  When the mortgage money wasn’t sent in time, it was a disaster … and no one can locate itI was due to complete the purchase of a house in Enfield on 19 December 2016. The completion did not take place, as my solicitors did not receive the mortgage funds of £364,000 in time. This was due from the lender, Birmingham Midshires, which is part of the Lloyds Banking Group. A complaint was opened to investigate where the funds had got to. The lender’s response was that they wer
  
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• Tackling food waste around the world: our top 10 apps

  06-02-2017 06:00
  
  From helping farmers avoid roadblocks in Ghana to advertising discounted dinners in Singapore, these apps are doing their bit for the war on wasteSupermarket chain Asda has become the latest retailer to attempt to use technology to tackle food waste with the launch of an app that allows suppliers to buy and sell excess produce. Around the world, dozens of apps are diverting perfectly good food away from bins and into rumbling stomachs.Continue reading...
  
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• Super Bowl ads trolling Trump: 'The world is more beautiful the more you accept'

  06-02-2017 05:28
  
  Advertisements for drinks, cars and avocados have taken aim at the controversial policies championed by the new US president and his teamAdvertisements championing acceptance, diversity, equality, even immigration have caused a stir at the Super Bowl, being taken as not-so-subtle snubs of the president.The Super Bowl is considered television’s biggest advertising stage, reflected in the cost of a spot: according to the New York Times, the price for a 30-second advert was US$5m this year, u
  
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• Older people to get help to downsize and free up family homes

  06-02-2017 01:14
  
  Housing rethink to incentivise building of sheltered accommodation to encourage older people to sell large housesTheresa May’s government will use its flagship housing strategy to make it easier for older people to move into smaller homes, which could free up larger properties for families.A policy to incentivise more good-quality, new-build sheltered accommodation will be included in a white paper, which also aims to break the dominance of a limited number of large housebuilders. Continue
  
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• The Share Hunter: Vodafone jolted by rival Indian mobile firm

  06-02-2017 01:01 via feedproxy.google.com
  
  Vodafone reported a stark rise in competition in the Indian mobile market in its third quarter trading update.
  
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• Holiday home provider HomeAway prepare for staycation Britain post brexit

  06-02-2017 01:01 via feedproxy.google.com
  
  Holiday rental firm HomeAway is preparing for a jump in UK business this year as Brits trade international trips for staycations following the pound’s collapse.
  
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• City news: Employment age bias, Thomas Cook and beer duty

  06-02-2017 01:01 via feedproxy.google.com
  
  Employers are being urged to increase the number of older workers by one million over the next five years to combat age bias.
  
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