Financial news

• Citizens Advice launches new checker for customers to find right energy supplier

  31-03-2017 21:18 via feedproxy.google.com
  
  A NEW online checker to help energy customers find the right supplier has just been launched by Citizens Advice .
  
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• Brexodus: scaremongering hype or a reality check for the UK's financial sector? - Deutsche Welle

  31-03-2017 20:45
  
  Deutsche Welle
  Brexodus: scaremongering hype or a reality check for the UK's financial sector?
  Deutsche Welle
  Speculation over a potential exodus from Europe's Fintech capital remains rife. Some firms are scoping out the alternatives, others are sticking to the mantra "keep calm and carry on," reports Sarah Bradbury from London. Fintech London | Skyline ...en meer »
  
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• Brexodus: scaremongering hype or a reality check for the UK′s ... - Deutsche Welle

  31-03-2017 20:45
  
  Deutsche Welle
  Brexodus: scaremongering hype or a reality check for the UK′s ...
  Deutsche Welle
  Speculation over a potential exodus from Europe's Fintech capital remains rife. Some firms are scoping out the alternatives, others are sticking to the mantra ...en meer »
  
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• UK current account deficit shrinks, but savings ratio hits record low - as it happened

  31-03-2017 19:16 via theguardian.com
  
  Latest data shows UK households feeling the pinch, as Britain posts a trade surplus with non-EU countries Bad news: Latest: Savings ratio hits record lowDisposable incomes fall tooGood news: Current account deficit shrinksBritain runs £7.4bn surplus with non-EU countriesUK GDP confirmed at 0.7%UK house prices fell this month 6.16pm BSTMore signs of growing activity from US oil companies, with drills added for the eleventh week in a row.The Baker Hughes rig count showed 15 rigs were added l
  
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• Sterling’s fall lifts UK exports, figures show

  31-03-2017 18:15 via theguardian.com
  
  ONS data raises hopes that sharp decline in pound since Brexit vote could make economy less reliant on domestic spendingBritain’s trading position with the rest of the world improved markedly in the final three months of 2016, boosting hopes that the pound’s sharp fall since the Brexit vote can help the economy become less reliant on domestic spending.
  As sterling’s fall made UK goods more competitive on overseas markets and boosted exports, there was a significant narrowing in
  
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• Lifetime ISA 2017: Seven reasons to transfer money from Help to Buy ISA to Lifetime ISA

  31-03-2017 17:59 via feedproxy.google.com
  
  YOUNG people will soon be able to save for their first home using the new Lifetime ISA. Here are seven reasons you should move your money over from the Help to Buy ISA.
  
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• From energy bills to dental work, it's UK national price hike day

  31-03-2017 17:28 via theguardian.com
  
  Rising food prices was just the beginning – the cost of almost anything else you can think of will go up from SaturdayThe squeeze on family budgets will tighten this weekend as a range of price rises, from prescription costs to energy bills, take effect.Council tax bills, broadband prices, mobile phone charges and even the cost of a postage stamp are going up this weekend. Continue reading...
  
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• Ofcom must block Murdoch's Sky takeover, Miliband and Cable say

  31-03-2017 16:48 via theguardian.com
  
  Deal would give Murdoch too much control of UK news media, former Labour leader and ex-business secretary tell regulatorRupert Murdoch’s bid to take over Sky must be blocked because it would give him too much control of news media in the UK and he is not a “fit and proper” owner, according to a submission to Ofcom from the former Labour leader Ed Miliband and the ex-business secretary Vince Cable.Miliband and Cable, outspoken critics of Murdoch’s £11.7bn bid to take
  
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• UK rail passengers 'endangered' by biggest spending cuts since 2008 financial ... - The Independent

  31-03-2017 16:20
  
  The Independent
  UK rail passengers 'endangered' by biggest spending cuts since 2008 financial ...
  The Independent
  Britain's railways are about to be hit by the biggest spending cutbacks since the 2008 financial crash amid warnings that it could “endanger passengers lives”, The Independent can reveal. An explosive leaked document exposes how a national lack of ...en meer »
  
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• The REVEALING graphs that show how EU will harm ITSELF if it punishes UK on Brexit trade

  31-03-2017 16:05 via feedproxy.google.com
  
  THE European Union will shoot itself in the foot if it decides to punish Britain with trade barriers during Brexit negotiations, fresh statistics suggest today.
  
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• The UK must not let this Brexit crisis go to waste. Nor must the EU

  31-03-2017 15:53 via theguardian.com
  
  Innovations come when governments and businesses are forced out of their comfort zones Tribute bands are all the rage these days. So it should come as no surprise that the triggering of article 50 was marked by a homage to a band that toured the country in the summer of 2016: Project Fear.Project Fear 2017 has been playing its own versions of Beatles hits: I (Don’t) Feel Fine, We (Can’t) Work it Out and, of course, that all-time classic, While My Economy Gently Weeps. It has been qui
  
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• Nurofen maker Reckitt Benckiser slashes chief's pay by 40% – to £14m

  31-03-2017 15:23 via theguardian.com
  
  Consumer goods giant, which also makes Dettol and Vanish, says Rakesh Kapoor will not receive a bonus after safety scandalBritish consumer goods maker Reckitt Benckiser Group has cut the 2016 pay of its chief executive, Rakesh Kapoor, by 39%, as it seeks to shore up investor confidence following a safety scandal in South Korea that hurt its performance. The maker of painkiller Nurofen, Dettol cleaning products, Durex condoms and Scholl footcare products said Kapoor, Britain’s third highest
  
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• There’s a food poverty crisis in the UK. And the government is starved of ideas | Kathleen Kerridge

  31-03-2017 15:00 via theguardian.com
  
  As the cost of living rises and wages stagnate, for many food is becoming harder to afford. We’re returning to an era where a healthy diet is aspirationalWhen people talk about food poverty the image that comes to mind is of Comic Relief appeals, and starving children with bloated stomachs in poor countries far away. We picture limbs so thin they look as though a firm cuddle would snap them in two. Wide eyes, and skinny necks struggling to support the weight of huge heads. We’ve all
  
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• I’m a Deliveroo rider. Collective action is the only way we’ll get a fair deal | Callum Cant

  31-03-2017 14:30 via theguardian.com
  
  After struggling with falling earnings and no sick pay or insurance, we realised that only by organising will we improve wages and conditions in the gig economyI started working for Deliveroo in Brighton last summer. At first, it wasn’t a bad job, but month by month I noticed my earnings declining. We’re paid £4 per drop, with no hourly rate, and I was having to wait longer and longer for each new order. Even though I was getting more efficient and learning how to get around th
  
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• UK households’ savings fall to record low in warning sign for economy

  31-03-2017 13:24 via theguardian.com
  
  Figures suggest people are increasingly dipping into their savings as disposable income also fallsBritish households ran down their savings to a record low at the end of 2016, raising fears that the UK is on course for a fresh consumer debt crisis in the wake of the Brexit vote.The saving ratio – which estimates the amount of money households have available to save as a percentage of their total disposable income – fell sharply in the fourth quarter last year to 3.3% from 5.3% in the
  
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• Credit Suisse embroiled in major global tax evasion investigation

  31-03-2017 13:15 via theguardian.com
  
  Gold bar and art seized in Netherlands raids, as authorities investigate 55,000 suspect Swiss bank accounts across Europe and AustraliaSwitzerland’s second largest bank, Credit Suisse, is at the centre of an international tax evasion case involving 55,000 suspect accounts and the seizure of millions of euros in cash, gold, jewellery, real estate and paintings.In a fresh blow to Switzerland’s attempts to clean up its reputation for banking secrecy and tax evasion, the Netherlands is l
  
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• Chicken sacrifice and dream medicine: The rites of South African traditional healers - in pictures

  31-03-2017 13:12 via theguardian.com
  
  As a growing number of white people train as sangomas – shamans or traditional health practitioners – Corinna Kern documented details of the lengthy and arduous initiation ceremonyContinue reading...
  
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• Pound news latest: One-month HIGH for GBP against the euro

  31-03-2017 12:31 via feedproxy.google.com
  
  WHILE the UK’s official Brexit negotiations having finally kicked off, the pound has remained pretty upbeat so far with the currency recording gains against the euro, US dollar, Australian dollar and New Zealand dollar.
  
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• Fair trade? World trade boost helps UK’s current account deficit

  31-03-2017 11:55 via feedproxy.google.com
  
  THE UK has continued to run a trade deficit with the European Union but trade with the rest of the world has dramatically improved, indicating Britain would continue to prosper once Brexit has been finalised.
  
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• City news: Pure Gym, Royal London, AO World and Booker

  31-03-2017 11:37 via feedproxy.google.com
  
  PURE Gym is outmuscling “old style” operators as it bulked up with 23 per cent membership growth to 822,000 last year.
  
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• Government raises £11.8bn with Bradford & Bingley mortgage sale

  31-03-2017 11:15 via theguardian.com
  
  Philip Hammond says sale of loans bought by the taxpayer during the financial crisis represents value for moneyThe chancellor has triggered the sale of an £11.8bn package of Bradford & Bingley loans bought by the taxpayer at the height of the financial crisis.The loan book will be sold to the insurer Prudential and US private equity firm Blackstone, after what the Treasury described as “a highly competitive sale process”. Continue reading...
  
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• BREAKING: UK growth at 1.9 percent - official figures released

  31-03-2017 10:31 via feedproxy.google.com
  
  THE UK economy grew by 1.9 percent last year, according to official figures released today.
  
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• Broadband users could see bills slashed as BT is forced to cut charges

  31-03-2017 10:07 via theguardian.com
  
  Cost of superfast broadband could fall as Ofcom says Openreach should cut the wholesale prices it charges rival providersMillions of broadband customers could see their bills slashed under proposals from Ofcom that would force BT to cut almost £100m in charges to rivals to provide services to their customers on its network.The telecoms watchdog has published proposals that would see BT-owned Openreach, which controls the UK’s broadband network, dramatically reduce what it charges riv
  
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• If you don’t like housing benefit cuts for the vulnerable young, join the march | Poppy Noor

  31-03-2017 10:00 via theguardian.com
  
  A large protest planned for Westminster on Saturday will highlight the human cost of a misguided policyThe first article I ever wrote was about how fundamental housing benefit was to me as a homeless 16-year-old living in a hostel, in response to a proposal to cut housing benefit for 18 to 21-year-olds. Three years later, the policy is about to be rolled out. Talking to the young people planning to protest against it outside Westminster on Saturday, it’s hard to imagine that the ministers
  
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• UK house prices slide for first time in almost two years, says Nationwide

  31-03-2017 09:30 via theguardian.com
  
  Average price of a home down 0.3% at £207,308 as British housing market is expected to face pressure in 2017UK house prices fell for the first time in almost two years in March, according to Nationwide, in the latest sign of a slowdown in the property market.The average price of a home fell 0.3% to £207,308 following a 0.6% rise in prices in February. It was the first fall on the Nationwide index since June 2015 and surprised City economists who had forecast a 0.4% increase in prices
  
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• How can I leave my dead-end job and make use of my qualifications?

  31-03-2017 08:00 via theguardian.com
  
  I have an MSc and a teaching certificate, but I live in an economically depressed area and feel I am wasting my lifeI’m sure that my problem is not unique but here goes. I am stuck in a job that isn’t providing me with any kind of satisfaction and, yes, it pays my bills, but I’m very frustrated. I have a master of science degree and PGCE (post-16 only) but, after having children before entering the jobs market, I have been stuck at the bottom rung of the ladder for seven years.
  
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• 'Have faith in what you're doing' – Confessions of a Startup

  31-03-2017 08:00 via theguardian.com
  
  Isabella Lane started Smarter Applications with husband Christian two and a half years ago. Their first product was a wifi kettle, which they built for £100Subscribe and review on iTunes, Soundcloud & Mixcloud and join the discussion on Facebook and Twitter.From its humble beginnings with just a £100 wifi kettle prototype, Smarter Applications has come a long way. The kettles are now stocked in the likes of Harrods and John Lewis and the company has also launched a wifi coffee ma
  
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• A home in a former waterworks – in pictures

  31-03-2017 08:00 via theguardian.com
  
  You don’t have to be flush with cash to look around this three-bedroom Staffordshire flat awash with industrial heritageContinue reading...
  
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• Beijing hit by dirty smog but observers say air is getting better

  31-03-2017 06:00 via theguardian.com
  
  Penalties for law-breaking factories and construction sites are contributing to improved air quality in China’s capital, say academicsFor Beijing’s residents, this winter brought a sense of deja vu: flights grounded by smog, air quality “red alerts” and pronouncements on the city’s latest efforts to fight air pollution.In January and February the average amount of PM2.5 – fine particles small enough to pass from the lungs to other organs – was reported t
  
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• The robot debate is over: the jobs are gone and they aren't coming back

  31-03-2017 04:51 via theguardian.com
  
  New report shows automation is already causing losses, depressing wages and likely to have lasting, devastating effectIn 2013, the Oxford Martin School released a report that looked at the automation of work, assessing the likelihood that robots and other technologies would replace humans. It concluded that of the 702 job categories examined, 47% were susceptible to automation within the next 20 years. The report completely upended our ideas about the future of work.Now, a new report by the Nati
  
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• Pound V US dollar: GBP/USD rate DOWN from best levels after UK GDP

  31-03-2017 01:00 via feedproxy.google.com
  
  THE pound edged away from its recent highs against the US dollar this morning despite an uptick in the UK's latest growth figures.
  
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• Philip Hammond to sell £11.8BILLION of Bradford & Bingley loans

  31-03-2017 01:00 via feedproxy.google.com
  
  PHILIP Hammond today announced the sale of £11.8 billion worth of Bradford & Bingley loans acquired by the last Labour government during the financial crisis.
  
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