Financial news

• SMEs are the 'biggest losers' in budget 2017

  08-03-2017 19:37 via theguardian.com
  
  Small businesses and self-employed hit by large tax rises in the chancellor’s first budgetPhilip Hammond has delivered his first budget as chancellor announcing large increases to the national insurance contributions (NICs) paid by the self-employed and small business owners, as well as higher taxes on dividends. Class 4 NICS for the self-employed will rise next year from 9% to 10% and a further percentage point in 2019. Meanwhile, reductions in tax allowances on dividends for company shar
  
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• Bonds, Isas and pensions: budget measures that affect consumers

  08-03-2017 19:23
  
  Measures include a 2.2% savings bond, a crackdown on subscription traps and a rise on Isa limit to £20,000These are some of the measures announced by Philip Hammond in the budget that will have an impact on savers and consumers. Continue reading...
  
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• Budget 2017: What it means for you – video analysis

  08-03-2017 19:13 via theguardian.com
  
  Guardian Money editor Patrick Collinson runs through some of the main items in Chancellor Philip Hammond’s first budget. There was a tax hike for self-employed people and and welfare benefits were frozen once more, but better news for people on PAYE as tax free allowances were modestly increased and there was a commitment to tougher regulations on consumer subscription servicesHammond budget brings tax rise for self-employed and £2bn for social careIns and outs: How Hammond’s b
  
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• What the 2017 budget means for you

  08-03-2017 18:18
  
  We’ve looked at the figures to see how Philip Hammond’s budget will affect your finances – whether you’re single, married, with or without children or retired.All figures supplied by KPMG, StepChange Debt Charity and Turquoise Training & Consultancy. Some have been rounded to the nearest pound Continue reading...
  
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• Sadiq Khan: ‘We’re in danger of gender equality being reversed’

  08-03-2017 17:21 via theguardian.com
  
  London’s mayor speaks about supporting women in business and role models, at an event for International Women’s Day“You can’t expect a young girl on a council estate in south-east London to be the next Kelly Hoppen without the access to finance, ideas, mentoring,” said Sadiq Khan, London’s mayor, at an International Women’s Day event at City Hall, organised by women-focused funding network and platform, AllBright.
  In his keynote speech on Wednesday, Khan
  
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• ‘Our ability to save is non-existent’ – people respond to UK budget

  08-03-2017 16:36
  
  From ‘just about managing families’ to higher-rate tax payers, we ask how tax and national insurance changes are going to impact householdsThere was not much in the budget to please higher-rate taxpayer Charlotte Geeves, 42, and her self-employed partner, Chris, 47. Charlotte is the chief executive of the Henley Festival, a five-day music and arts festival that takes place in Henley every July, and the Geeves have a household income of over £100,000. “At the moment, our a
  
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• ABN Amro expands UK financial institutions team - Global Trade Review (GTR)

  08-03-2017 15:10
  
  ABN Amro expands UK financial institutions team
  Global Trade Review (GTR)
  ABN Amro has appointed Ian Haywood as head of banks for the UK and Ireland, within its financial institutions team. Haywood has over 25 years of experience in the UK banking space. During the past year, he was a consultant to Williams & Glyn, where he ...
  
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• Budget 2017 live: Philip Hammond sets out spending and tax plans against Brexit backdrop

  08-03-2017 12:55 via theguardian.com
  
  Live coverage, reaction and analysis to the chancellor’s spring budget, which will be delivered at 12.30pmIntroduction: Don’t expect fireworks from Hammond the Roundhead
  Budget to include help for womenPound hits seven-week low ahead of Budget speech
  Heseltine sacked!
  What the papers say
  Full story: Hammond under pressure to help public services 11.55am GMTAccording to Downing Street, Philip Hammond told cabinet that the main themes of the budget would be:Helping young people get the
  
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• Number of UK deaths likely to fall this year, says funeral provider

  08-03-2017 12:54 via theguardian.com
  
  Dignity forecasts number of deaths could fall by 30,000 in 2017 as part of long-term trend, as it urges government to start regulating sectorA big fall is expected in the number of people dying in the UK this year, according to one of Britain’s biggest funeral providers.Shares in Dignity, the only funeral company listed on the stock exchange, fell by 11% on Wednesday after it also revealed it was facing greater competition as new firms entered the unregulated sector.Continue reading...
  
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• US businesses warn the UK over loss of access to EU single market

  08-03-2017 12:00 via theguardian.com
  
  Report by American Chamber of Commerce to the EU says Brexit puts at risk record £487bn US firms invested in the UKUS businesses in Europe have told Theresa May ahead of article 50 negotiations that their decision to invest in the UK, worth £487bn in 2015, has been largely based on the country’s EU membership and access to the single market.The American Chamber of Commerce to the EU (AmCham EU) has called for Britain to recognise the limitations of any free trade deal with the
  
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• Dame Stephanie Shirley: 'we were part of a crusade to get women into business'

  08-03-2017 11:53 via theguardian.com
  
  Fed up with hitting the glass ceiling in 1962, the businesswoman and former refugee set up a software business for female programmersDame Stephanie Shirley does not call herself a feminist. When pressed, she concedes she is “in deed but not in word”. The story of this 83-year-old entrepreneur is explicitly one of championing women’s right to be regarded as equals in the workplace. She started a software company in 1962 that employed almost only female programmers after being fe
  
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• John Lewis broke advertising rules by pulling Apple Watch deal

  08-03-2017 09:12 via theguardian.com
  
  Gadget featured in Black Friday promotion but marked as out of stock online until next day, when it appeared at full priceJohn Lewis has been reprimanded by the advertising watchdog for running a Black Friday promotion offering the Apple Watch on sale, only to pull it from its website until the next day when it was marked up to full price.The ruling is a blow to the reputation of John Lewis, which prides itself on its clean corporate image. The retailer argued that the breach of the UK advertisi
  
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• Finance sector could face climate-risk testing, says Australian watchdog

  08-03-2017 08:39 via theguardian.com
  
  Regulator says it may add climate change to the list of scenarios it asks institutions to run to check economic resilienceAustralia’s financial institutions could be required to test climate-risk scenarios as international regulators continue to warn of the economic dangers posed by climate change.Geoff Summerhayes, executive board member of the Australian Prudential Regulation Authority (Apra), told a Senate committee that climate scenario testing could be added to the other common scenar
  
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• Christian Candy tells court he follows rules on tax exile 'religiously'

  08-03-2017 08:03 via theguardian.com
  
  Billionaire property developer says comments he visited One Hyde Park weekly were ‘artistic exaggeration’Property tycoon Christian Candy has described as “artistic exaggeration” a claim he made on film that, if true, would have called into question his status as a Monaco tax exile.The billionaire was testifying in a £132m high court case brought by businessman Mark Holyoake, who alleges that Candy and brother Nick extorted and intimidated him in a dispute over a &po
  
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• Sainsbury's drops bid to halve household food waste

  08-03-2017 08:01 via theguardian.com
  
  Exclusive: Supermarket scales back programme as official statistics show average family throws away £700 of food each yearSupermarket giant Sainsbury’s has scaled back an ambitious target to get consumers to halve their household food waste after finding it was more difficult than expected to achieve behavioural change.Sainsbury’s launched its “Waste Less, Save More” programme in 2016 – a £10m five-year plan to help customers save money by reducing their
  
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• Le Creuset proves its lifetime guarantee really is cast iron

  08-03-2017 08:00 via theguardian.com
  
  It replaced our 40-year-old pan … which we had bought in a charity shopYou regularly feature good news stories of excellent customer service – well I think I can beat them all. I used a Le Creuset casserole dish I’d been given for Christmas for the first time, and when I washed it found a lot of odd black marks under the glaze.Continue reading...
  
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• Castles – in pictures

  08-03-2017 08:00 via theguardian.com
  
  Whether you’re a beauty or a beast (yes, we’re doing a film-themed gallery), perhaps there’s a castle out there where you could be more than a guest Continue reading...
  
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• E.ON price rise branded 'monstrous' as users face £97 a year extra

  08-03-2017 07:59 via theguardian.com
  
  Electricity and gas supplier blames increase, which affects 2.5 million people, on rising cost of government policiesAbout 2.5 million E.ON customers will pay an extra £97 a year on energy bills in what consumer groups have branded a “monstrous” and “crippling” blow for householders.The company’s 8.8% price rise for customers on a dual-fuel standard tariff from the end of next month is the second highest increase among several announced recently by rivals, inc
  
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• How dementia-friendly shops, offices and cities offer hope for sufferers

  08-03-2017 06:00 via theguardian.com
  
  British Gas, HSBC and other businesses are training staff to provide a better service to people with dementia In coming decades, rates of dementia will rise sharply, partly due to a “silver tsunami” as the boomer generation ages and partly because we are living longer than ever. By 2030, the WHO predicts 75.6 million people globally will have the disease. In response, cities around the world are creating communities that better help people with dementia go about their daily lives (th
  
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• Dementia-friendly cities: how shops and offices can provide support

  08-03-2017 06:00 via theguardian.com
  
  British Gas, HSBC and other businesses are training staff to provide a better service to people with dementia In coming decades, rates of dementia will rise sharply, partly due to a “silver tsunami” as the boomer generation ages and partly because we are living longer than ever. By 2030, the WHO predicts 75.6 million people globally will have the disease. In response, cities around the world are creating communities that better help people with dementia go about their daily lives (th
  
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• UK Oil, Gas Output Set for Longest Expansion - Financial Tribune

  08-03-2017 02:44
  
  Financial Tribune
  UK Oil, Gas Output Set for Longest Expansion
  Financial Tribune
  UK oil and gas production will continue to grow through 2018, putting it on course for the longest expansion in almost two decades, amid project startups and productivity gains, an industry lobby said. “Production has now been rising since 2015 ...en meer »
  
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• UK Retail Sales Soften in February, Tougher Times Expected - Financial Tribune

  08-03-2017 02:43
  
  Financial Tribune
  UK Retail Sales Soften in February, Tougher Times Expected
  Financial Tribune
  UK retail sales softened in February as consumers adopted a more cautious approach, with non-food sales bearing the brunt of the reduction in spending, according to the results of a widely-followed survey. Total retail sales rose by 0.4% year-on-year ...en meer »
  
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• Nike launches hijab for female Muslim athletes

  08-03-2017 02:06 via theguardian.com
  
  US-based company becomes the first large sportswear brand to manufacture a performance hijabNike has taken another step into the lucrative Islamic clothing market by unveiling a hijab designed for female Muslim athletes. Continue reading...
  
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