Financial news

• Senator Lindsey Graham on healthcare: 'I don’t know what the GOP plan is'

  04-03-2017 23:15 via theguardian.com
  
  Graham promises to push for the healthcare debate to be held publicly, despite fact that many Republicans do not know where the replacement plan isSenator Lindsey Graham told a rowdy town hall in South Carolina on Saturday healthcare was going to change. He just could not say how.“Can I let you in on a little secret?” the Republican told roughly 1,000 people packed a theatre at Clemson University. “I don’t know what the GOP plan is.” Continue reading...
  
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• Penalty rates: real-life stories don't stick to treasurer's script | Greg Jericho

  04-03-2017 22:08 via theguardian.com
  
  Even with Australia’s strong GDP numbers, cutting Sunday penalty rates is a tough sell because workers’ pay has fallenIf ever you needed evidence of the disconnect between the economic big picture and people’s lives it came this week – a week in which the government was meekly trying to argue in support of the decision to cut Sunday penalty rates while at the same time dealing with the GDP figures that showed both strong economic growth and falling wages. It used to be so
  
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• Sorry, Brexit doomsayers, the outlook is good on global growth

  04-03-2017 18:00 via theguardian.com
  
  Britain’s negotiations to leave the EU look set to take place against a buoyant global economy and amid optimism over jobs and wagesAnyone who voted to stay in the EU should turn away now. There is disturbing news from far-off continents that could prove upsetting. The news is that Britain’s negotiations to leave the EU will take place against the backdrop of strong global growth. Such is the magnitude of this turnaround from the wobbles of 2015 that it could save the Tory administra
  
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• Hairdressers of the world unite against hidden dangers of the salon

  04-03-2017 17:06 via theguardian.com
  
  Asthma, arthritis and even cancer are occupational hazards – but Britain has helped block EU safety rulesHairdressing is not an obviously dangerous occupation. Yet working in a hair salon or a barber’s shop can provoke skin conditions, musculoskeletal diseases such as arthritis and tendonitis and work-related asthma.Now Usdaw, the shopworkers’ union which represents many of Britain’s estimated 140,000 hairdressers, is calling for a “new deal” to protect them.
  
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• Creative sector fills UK coffers as money pours into film and TV production

  04-03-2017 17:00 via theguardian.com
  
  Combined TV, film and music industry grew almost 11% in second half of 2016, underpinned by digitally savvy UK consumersAt a time when the British economy is looking for leadership, step forward Darth Vader, Adele and Queen Victoria. One of the reasons GDP growth has stayed robust since the EU referendum is the UK’s creative sector, which has produced buoyant box office receipts thanks to Star Wars, healthy sales of Adele’s latest album and global demand for homegrown TV productions
  
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• UK warned it must 'honour all financial obligations' to EU - The Guardian

  04-03-2017 16:08
  
  The Guardian
  UK warned it must 'honour all financial obligations' to EU
  The Guardian
  Gianni Pittella, leader of the socialist group in the European parliament: 'Theresa May is a bull in a china shop.' Photograph: Frederick Florin/AFP/Getty Images. Share on Facebook · Share on Twitter · Share via Email; View more sharing options; Share ...en meer »
  
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• UK warned it must 'honour all financial obligations' to EU | Politics ... - The Guardian

  04-03-2017 16:08
  
  The Guardian
  UK warned it must 'honour all financial obligations' to EU | Politics ...
  The Guardian
  European political leaders and diplomats react to Lords report arguing that Britain could leave EU without paying £52bn.en meer »
  
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• Fixing America's failing infrastructure won't be easy, despite Trump's pledge

  04-03-2017 13:00 via theguardian.com
  
  A quick look at how infrastructure financing works show that the current predicament won’t be a quick fix, even as president promises big investmentInfrastructure is finally in. Washington’s politicians may struggle through the capital’s terrible traffic to an inbox of complaints about crumbling roads, dams, airports from their constituents, but the political will to do anything has been bogged down by arguments about how to pay for it. Until now, potentially. Donald Trump camp
  
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• Global recall of 1m Mercedes cars 'could include 75,000 in UK'

  04-03-2017 12:21 via theguardian.com
  
  Mercedes-owner Daimler issues global recall of several models following reports of fires Owners of 75,000 Mercedes cars in the UK could be affected by a global recall of several models following reports of fires.An issue with some starter components in cars made between 2015 and 2017 is thought to cause them to overheat. The fire risk has prompted the Mercedes owner, Daimler, to recall around 1m vehicles worldwide, covering certain A-Class, B-Class, C-Class, E-Class and CLA cars and GLA and GLC
  
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• Fox’s Sky bid: Regulatory screening ahead of takeover starts

  04-03-2017 11:50 via feedproxy.google.com
  
  AMERICAN movie-maker 21st Century Fox yesterday triggered the start of a regulatory screening of its £11.7billion bid to take full control of satellite broadcaster Sky and expressed its confidence the “compelling” deal will win approval.
  
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• Basic income isn’t just a nice idea. It's a birthright

  04-03-2017 11:00 via theguardian.com
  
  A basic income could defeat the scarcity mindset, instil a sense of solidarity and even ease the anxieties that gave us Brexit and TrumpEvery student learns about Magna Carta, the ancient scroll that enshrined the rights of barons against the arbitrary authority of England’s monarchs. But most have never heard of its arguably more important twin, the Charter of the Forest, issued two years later in 1217. This short but powerful document guaranteed the rights of commoners to common lands, w
  
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• Letter to my younger self: you're on the journey of your life

  04-03-2017 10:00 via theguardian.com
  
  Being made redundant soon after the death of her mother led Allie Astell to branch out on her own. She now travels the world with her website businessDear Allie,I’m writing to you from a beachside cafe in Dahab, Egypt. The sun’s setting over the mountains of Saudi Arabia, there’s a full moon rising in the luminous pink sky. Remember when you came here on holiday in 2007 and dreamed of being able to work flexibly from anywhere in the world? That day will come. Continue reading..
  
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• Peugeot owner PSA close to deal to buy Vauxhall and Opel

  04-03-2017 08:26 via theguardian.com
  
  Sale will trigger battle between French, German and UK governments to protect car plants and jobs in their countriesThe owner of Peugeot and Citroën is close to completing a deal with General Motors to buy its European car brands Vauxhall and Opel.Groupe PSA and GM could announce a deal as early as Monday morning after successful talks between the carmakers. Continue reading...
  
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• Should I buy travel insurance for European weekend breaks?

  04-03-2017 08:01
  
  Do I need cover beyond my Ehic card, and if so, which policies are worth buying?Every 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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• Will the diesel car you are driving today be worthless in five years’ time?

  04-03-2017 08:00
  
  Sales are falling. Older cars are facing bans. Next week’s budget could see taxes slapped on. We explore the future for the owners of these high-polluting vehiclesIs this the nightmare future for owners of today’s diesel cars? It’s 2020 and you are already taxed out of driving into the city centre. At the pumps the price of diesel has soared. The low-emission zone has extended to your suburb. Do you carry on paying extra, or sell for a small fraction of what you paid?The mayor
  
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• When the roof over your head doubles as your garden

  04-03-2017 08:00
  
  Are the days of the back garden numbered? We look at how developers are looking to utilise previously wasted rooftop spaceWith space at a premium in many cities, could tackling the nation’s housing crisis mean ditching the back garden in favour of a roof terrace?Lots of would-be homeowners fantasise about a family house with plenty of space for the kids to run around, kick a ball or jump on a trampoline. But the housing minister this week sent a signal that when it comes to new-build homes
  
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• Violent criminals get off lighter than people late with their water bill

  04-03-2017 08:00
  
  The punishment meted out to late payers can be worse than that given for rape, violent disorder or child abductionPut the following crimes and misdemeanours in order of severity: violent disorder, possessing a firearm, rape, child abduction, or being three months late with your water bill. I think we’d all agree to put the water bill last. Yet the punishment meted out to late payers can, remarkably, be worse than for all the other crimes I listed.You might be thinking this can’t poss
  
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• UK’s star fund manager aims to win over the older savers market

  04-03-2017 08:00
  
  Neil Woodford’s new fund says it will pay 5% in the first year. We ask top financial advisers if it is a safe bet for your moneyIt says it will pay an initial 5% income, it is looked after by the most successful investment manager of his generation, it can be put into a tax-free Isa and comes under the financial services compensation scheme. With building society accounts paying just 1% on deposits, should savers take the risk of investing in Neil Woodford’s new Income Focus fund of
  
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• ‘I want a career rather than a series of jobs’ – our work expert responds

  04-03-2017 08:00
  
  Our careers expert – and you the readers – help a mum returning to work after five years raising a child, and someone who wants to ask for time off for therapyWhen my son was born in 2012 I decided to take an extended break from paid work to look after him. I had been working in environmental education and the role wasn’t very child friendly, and after paying for childcare I wouldn’t be taking much, if anything, home.Continue reading...
  
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• The budget 2017: seven things that we already know will happen …

  04-03-2017 07:59
  
  The chancellor is planning significant changes from April – including tax credits, state pensions, child benefit and IsasFew expect a dramatic budget on Wednesday, with Philip Hammond likely to keep cash in reserve to resuscitate the economy if it tanks post-Brexit. But because chancellors have a habit of pre-announcing policies long before they happen, we already know the major changes in income tax, national insurance, tax credits and welfare benefits that come into effect on 6 April. He
  
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• Subscription traps may have to give notice of charges in crackdown

  04-03-2017 01:01
  
  Budget will outline plans to better protect consumers who sign up for free trials that can convert into paid membership“Subscription traps” that turn a month’s free trial into regular paid-for custom will be targeted in the budget next week.Philip Hammond will set out elements of a forthcoming consultation on better protection for consumers who sign up for such offers, familiar from Amazon Prime, Netflix, magazine subscriptions and gym memberships. Continue reading...
  
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• Homes with balconies – in pictures

  04-03-2017 00:45
  
  Wherefore art those properties perfect for acting out Romeo and Juliet? Why, in Chester, Hove and Morpeth …Continue reading...
  
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