Financial news

• What is a robot exactly – and how do we make it pay tax?

  12-03-2017 22:13 via theguardian.com
  
  Bill Gates’s idea of taxing robots sounds like common sense but we need more practicable ways of redistributing wealthA tax on robots is one of those ideas that sounds attractive, and when it’s put forward by someone with the credibility of Bill Gates, as it was in a recent interview with Quartz magazine, you can guarantee it will generate a lot of interest. If he, of all people, says taxing robots is a good idea, then surely it is worth considering?Well, perhaps not.Continue reading
  
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• Bovis in talks with rival builder Galliford Try after rejecting £1bn offer

  12-03-2017 20:26 via theguardian.com
  
  British homebuilder says it has also rejected offer from RedrowTroubled builder Bovis Homes is in talks with rival construction firm Galliford Try over a merger that would create one of Britain’s biggest housebuilders.Bovis, which has recently come under fire for the quality of its new-build homes, was forced to confirm over the weekend that it had received takeover approaches from both Galliford and another housebuilder, Redrow. Continue reading...
  
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• Britons like vodka and Nike and won't consider Airbnb, survey reveals

  12-03-2017 16:42
  
  Consumer report shows people are unfazed by economic uncertainty of Brexit and Costa is most popular coffee shop Britain is a nation of vodka drinkers who wear Nike, prefer to gamble at Ladbrokes and don’t realise Brexit will make life more expensive, according to a consumer survey by HSBC. Its report, Anatomy of the Consumer, analysed spending habits in travel, leisure, food and retail, based on a survey of 2,000 people. Continue reading...
  
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• Savers and Pensions: How the Chancellor's spring BUDGET plans can affect you

  12-03-2017 16:23 via feedproxy.google.com
  
  CHANCELLOR Philip Hammond offered few giveaways in Wednesday’s Budget, but nevertheless major changes are coming your way within weeks.
  
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• City news: EU pickers, fixing homes, Bank of England, Prudential

  12-03-2017 16:16 via feedproxy.google.com
  
  THE chief executive of Sainsbury’s has backed calls from farmers to ensure vital EU pickers can continue to work in the UK following Brexit to avoid the risk of fruit and vegetables rotting in fields across the country.
  
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• Ivy restaurant spin-off accused of hogging service charge

  12-03-2017 16:08 via theguardian.com
  
  Chain originally linked to fabled celebrity haunt denies Unite union claim it takes the lion’s share of service charge no matter how much money collectedA chain of restaurants spun out of the prestigious London celebrity haunt the Ivy has been accused of failing to give waiters and kitchen staff their fair share of the money diners pay in service charges.The Ivy Collection, which owns eight restaurants, hands ordinary waiters and chefs only £1.30 an hour in “commission” o
  
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• Balfour Beatty considers piece of US-Mexico border wall

  12-03-2017 15:35 via feedproxy.google.com
  
  BALFOUR Beatty is set to face tough questions over whether it plans to try and win work constructing President Donald Trump’s controversial wall along the US-Mexico border.
  
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• Sweden bids to prise financial services power from UK after Brexit as minister ... - City A.M.

  12-03-2017 15:28
  
  City A.M.
  Sweden bids to prise financial services power from UK after Brexit as minister ...
  City A.M.
  I write about M&A, deals, IPOs, private equity, asset management, media and a fe [..] Show more. Follow William. Stockholm: An Alternative View. Sweden has produced world-famous brands such as Spotify, Abba and Zlatan Ibrahimovic (Source: Getty).
  
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• Imams in UK to be encouraged to preach in English - Financial Express

  12-03-2017 15:10
  
  Financial Express
  Imams in UK to be encouraged to preach in English
  Financial Express
  The plans form part of the UK government's Prevent anti-extremism initiative, which will also be given a big increase in spending and staff. By: PTI | London | Published: March 12, 2017 7:39 PM. Imams in UK to be encouraged to preach in English. (Reuters).en meer »
  
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• Five minute guide to getting the most form home sale

  12-03-2017 14:48 via feedproxy.google.com
  
  SPRING is peak season for property hunters so if you are thinking of selling your home it makes sense to start planning now.
  
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• Chancellor's rates relief won’t stop the small business bailiffs

  12-03-2017 14:38 via feedproxy.google.com
  
  For nearly 100,000 businesses across the country, the Chancellor’s attempts to help ease the enormous burden on stifling business rates could have come too late, according to new figures.
  
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• Labour must learn to win if it wants to shape the UK's economic future

  12-03-2017 13:19 via theguardian.com
  
  Ill-fated austerity plans will wreck the country, but the government knows it has no opposition to worry about
  There used to be an iron rule of politics. Governments that delivered strong growth in living standards were popular. Governments that presided over stagnant living standards were unpopular. Governments that served up falling living standards were booted out.Take the record of Labour governments between 1997 and 2010. During Tony Blair’s first term, people got a lot better off and
  
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• We will all need a stiff drink to swallow Hammond’s austerity

  12-03-2017 08:00 via theguardian.com
  
  Despite their conciliatory words, the chancellor and Theresa May are merely continuing the damaging small-state policy of George OsborneAs the immensity of the consequences of the referendum strikes home, the May government is becoming increasingly dependent on the Conservative party’s rediscovery of the need for “infrastructure” and “industrial strategy”.It was therefore entirely in keeping with the chaotic approach of the Brexiters that Theresa May should sack one
  
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• Trump is set to win the battle on interest rates, but US economy will pay the price

  12-03-2017 08:00 via theguardian.com
  
  Donald Trump pushed the Federal Reserve to raise rates, but the policy could backfire on president’s economic planDonald Trump spent much of his campaign for the White House attacking the Federal Reserve chief Janet Yellen. Shouting at the camera in the first presidential debate, he even went as far as to accuse the head of the central bank of “being political”, spurring her to deny she was anything but impartial.Trump’s anger was a lightning rod for American savers, who
  
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• Bang went Christmas as Domestic & General left us without a cooker

  12-03-2017 08:00
  
  Although we had D&G’s insurance we’ve been waiting three monthsWe have had a very difficult time trying to replace our £1,800 Stoves Richmond 1000Ei electric induction range cooker, despite having a warranty with Domestic & General – which has cost us hours in time and phone calls. Initially, the induction hob stopped working with an almighty electrical flash and bang, leaving us too frightened to use the cooker at all.Due to D&G’s inefficiency we were u
  
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• A helping hand with childcare: options to make your child and wallet happy

  12-03-2017 08:00
  
  The government has unveiled another scheme that aims to lessen the costs of looking after your childrenNews that the UK ranks highly among the most expensive countries in the developed world for childcare will come as little surprise to those families spending an average of £6,000 a year on a single part-time nursery space.In London the situation is even more bleak, with the Family and Childcare Trust putting the cost of a part-time nursery place at more than £7,500. The Institu
  
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• Most of us don’t change energy suppliers. We need to cap variable tariffs

  12-03-2017 01:05
  
  Competition can work for the 15% who engage in the market. But after years of privatisation, the majority of consumers haven’t – and probably won’tThis year I believe we have a real opportunity to make things better for energy consumers. I have been an energy consumer champion for 17 years and, after many years of battling energy companies on mis-selling and a host of other issues, what I do know is that the industry needs to be properly regulated if customers are to get a fair
  
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• How free market helped big six energy firms to rack up huge profits

  12-03-2017 01:05
  
  Privatisation was meant to cut costs by allowing us to switch suppliers. Instead, most have stuck with the same rip-off firms. This week, MPs will try to find a way to fix the broken energy marketDenver Mckay is used to being cold. Heating his one-bedroom flat in Hamilton, just outside Glasgow, is a luxury he can’t always afford. “I pay £20 a week now and this is a struggle,” he said. “Sometimes I have to go without the heating on at all. Sometimes it’s just o
  
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• Energy companies ‘ripping off’ millions, ministers say

  12-03-2017 01:05
  
  Cross-party group will call for action to protect consumers after a series of price increases by gas and electricity companiesMillions of people are over-paying for gas and electricity because of excessive price rises by the big six energy companies, the government has admitted, as MPs of all parties demand action to stop them “ripping off” customers.Ahead of a key debate in parliament on Thursday, in which a cross-party group of MPs will call for drastic measures to control the mark
  
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