Financial news

• Foreign billionaires in London choosing to rent to avoid stamp duty

  12-02-2017 17:04 via theguardian.com
  
  Number of lettings costing more than £3,000 a week increased by 28% in the last three months of 2016, research showsForeign billionaires are renting rather than buying luxury homes in London following increases in tax bills on upmarket properties. Lettings that cost more than £3,000 a week – £156,000 a year – increased by 28% in the last three months of 2016, according to research by the property data service LonRes.The number of prime central lettings in the capita
  
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• Donald Trump is undermining the fight against corruption

  12-02-2017 16:25 via theguardian.com
  
  Senate vote to repeal law forcing US energy and mining companies to disclose payments to foreign governments has gladdened the hearts of kleptocrats Corruption is a curse. It stunts development, breeds conflict in fragile states, makes taxpayers in rich countries dubious about providing aid to poor countries, and gives crooked firms an advantage over those that play by the rules.Governments have become less tolerant of dirty business dealings over time, as Rolls-Royce has found to its cost. The
  
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• NHS suffering 'virtual storm' of financial pressures - AOL UK

  12-02-2017 14:32
  
  AOL UK
  NHS suffering 'virtual storm' of financial pressures
  AOL UK
  Conditions in the NHS are "familiar" to those found during the Mid Staffordshire scandal, according to the lawyer who chaired the inquiry into the hospital trust. Barrister Sir Robert Francis QC, whose 2013 report uncovered poor care in Mid ...en meer »
  
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• UK offshore wind 'will lower energy bills' more than nuclear

  12-02-2017 14:30 via theguardian.com
  
  RenewableUK chief says windfarms could offer cheaper prices than rates government agreed with new nuclear power stations Offshore windfarms could provide cheaper power than Britain’s new wave of nuclear power stations, a leading figure in the wind industry has claimed.Speaking to the the Guardian, Hugh McNeal, the chief executive of trade body RenewableUK, said he expected that offshore windfarms would secure a deal with the government lower than the £92.50 per megawatt hour agreed w
  
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• NHS suffering 'virtual storm' of financial pressures - Belfast Telegraph

  12-02-2017 14:12
  
  Belfast Telegraph
  NHS suffering 'virtual storm' of financial pressures
  Belfast Telegraph
  Conditions in the NHS are "familiar" to those found during the Mid Staffordshire scandal, according to the lawyer who chaired the inquiry into the hospital trust. Barrister Sir Robert Francis QC, whose 2013 report uncovered poor care in Mid ...en meer »
  
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• No place like home: America’s eviction epidemic

  12-02-2017 11:00 via theguardian.com
  
  Soaring rents and low wages have hit the poorest families in the US hard. Harvard sociologist Matthew Desmond introduces an extract from his heartbreaking book about the crisis• Q&A with Matthew Desmond: ‘It’s a problem we need to hate more’ Even in the most desolate areas of American cities, evictions used to be rare enough to draw crowds. Eviction riots erupted during the Depression, even though the number of poor families who faced eviction each year was a fraction
  
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• Sadiq Khan: government must pay drivers £3,500 to scrap diesel cars

  12-02-2017 08:05 via theguardian.com
  
  London mayor says £500m plan could help tackle growing crisis over poor air quality in the capitalLondon’s air is so polluted that motorists should be given up to £3,500 to persuade them to scrap their old diesel cars and vans and replace them with cleaner vehicles, according to the capital’s mayor, Sadiq Khan.The nitrogen dioxide emitted by diesel cars is a key contributor to London’s poor air quality, which is so bad that City Hall now advises the public to avoid
  
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• Fancy some sun, sea and sand? Brexit means it will cost you 15% more

  12-02-2017 08:01 via theguardian.com
  
  The crash in the price of sterling means trips to Europe and the US have rocketed – but as Harvey Jones writes, there are ways to keep costs downFar from the political arguments raging through the House of Commons, some of the first real-life effects of the Brexit referendum will soon be found in a deli in New York or a bar on the Costa Brava. Holidaymakers this summer will see, for the first time, how the political turmoil, which overtook the world last year, will translate during their h
  
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• E.ON Heat no help after we moved into a new apartment without heating or hot water

  12-02-2017 07:59 via theguardian.com
  
  Myself and my neighbours in the other four flats in Elephant Park are on our eighth day … and it’s freezingI purchased an apartment from London & Quadrant as part of the Elephant Park development in London and moved in in mid-December. But, as an early buyer in the scheme, I’ve experienced terrible problems with the heating and hot water supply. To make the new development more sustainable, the site benefits from a central hot water and heat supply provided by E.ON Heat. M
  
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• Brexit: the price of post-truth pounds in our pockets

  12-02-2017 07:59 via theguardian.com
  
  Fifty years after Harold Wilson’s speech, people are still talking a load of nonsense about sterlingThis year marks the 50th anniversary of Harold Wilson’s memorable broadcast following his government’s devaluation of the pound.“It does not mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued,” he said. This, depending on your preference for modern or traditional language, is either a) an alternative fact or b)
  
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• Does UK’s lucrative arms trade come at the cost of political repression?

  12-02-2017 07:00 via theguardian.com
  
  Exports to repressive regimes are under scrutiny in the high court, raising doubts about claims they are tightly controlledOn 24 January 2015 a private jet touched down in Saudi Arabia’s capital, Riyadh. On board were a handful of Foreign Office officials, security personnel and the then prime minister, David Cameron, who was visiting the kingdom to pay his condolences following the death of King Abdullah bin Abdulaziz.The decision to charter the jet – at a cost to the taxpayer of &p
  
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• Geoff Ho believes financial markets may see a second 'Shareholders Spring' - Express.co.uk

  12-02-2017 01:01
  
  Express.co.uk
  Geoff Ho believes financial markets may see a second 'Shareholders Spring'
  Express.co.uk
  If I was a betting man I would put good money on a second “Shareholder Spring” taking place this year, as increasingly militant investors are preparing to face off against companies over executive pay. By Geoff Ho. PUBLISHED: PUBLISHED: 00:01, Sun, Feb ...
  
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