Financial news

• UK Deficit Hits Post-Financial Crisis Low - MarketPulse (blog)

  25-04-2017 15:57
  
  MarketPulse (blog)
  UK Deficit Hits Post-Financial Crisis Low
  MarketPulse (blog)
  Government borrowing fell by £20bn to £52bn in the year to the end of March, according to official data. That was the lowest level since the financial crisis of 2008, the Office for National Statistics (ONS) said. In Chancellor Philip Hammond's Budget ...en meer »
  
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• Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley

  25-04-2017 13:45 via theguardian.com
  
  Without manifesto ideas for ‘resetting’ the market, the government’s proposals are just shameless headline-grabbingThe Conservative party’s proposed price cap on energy bills is “very different” from the price freeze advocated by Ed Miliband at the last general election, according to Sir Michael Fallon, the defence secretary and former energy minister. Really? In their initial impact, the two policies look almost identical.Fallon’s thin argument is that
  
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• World stock markets hit record highs as Macron relief rally continues - business live

  25-04-2017 12:56 via theguardian.com
  
  Relief over the French elections and Trump’s tax cuts plan are pushing shares higher across the globeLatest: World markets hit record highs
  Markets expect Macron to become next French presidentEuropean markets add to Monday’s gainsTrump’s tax cut plans also please tradersUK government deficit falls to £52bnJoris Luyendijk: The doom-mongers got it wrong 11.56am BSTThe latest Guardian Brexit Dashboard is out, showing the state of Britain’s economy since last June&rsqu
  
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• UK government borrowing at lowest level since 2008 financial crisis - The Guardian

  25-04-2017 12:45
  
  The Guardian
  UK government borrowing at lowest level since 2008 financial crisis
  The Guardian
  Philip Hammond outside 11 Downing Street. The borrowing news has been described as helpful for the government in the run-up to the election. Photograph: Philip Toscano/PA. Government borrowing ...
  UK's deficit slashed to level last seen before the financial crisisTelegraph.co.ukalle 32 nieuwsartikelen »
  
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• UK government borrowing at lowest level since 2008 financial crisis

  25-04-2017 12:39 via theguardian.com
  
  Boost for chancellor as borrowing falls by £20bn to £52bn – but analysts say it is too soon to be complacentGovernment borrowing fell to the lowest level since the financial crisis in the year to the end of March as the economy proved more resilient than expected in the aftermath of the Brexit vote.Borrowing fell by £20bn to £52bn in the 2016-17 financial year after economic growth helped drive tax receipts higher, narrowing the gap between what the government spend
  
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• How has the Brexit vote affected the UK economy? April verdict

  25-04-2017 12:39 via theguardian.com
  
  How has the economy reacted to the vote to leave the EU on 23 June? Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK Continue reading...
  
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• Brexit economy: living standards are falling as the snap election looms

  25-04-2017 12:38 via theguardian.com
  
  The latest monthly Guardian analysis finds rising prices, sluggish wage growth and a mood of uncertainty among employers as the UK heads to the pollsThe pound’s sharp fall since the Brexit vote and a mood of uncertainty among employers has hit household budgets, creating a tough economic backdrop for Theresa May’s snap election, a Guardian analysis shows.The prime minister will be hoping the resilience seen in the UK economy will hold over the coming months now that she has called an
  
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• Shirin Ebadi: 'Outside of Iran I knew I’d be more useful. I could speak'

  25-04-2017 12:32 via theguardian.com
  
  Human rights lawyer Shirin Ebadi won the Nobel peace prize before being forced into exile from Iran. She talks about Islamphobia, self-care and hopeOf all the places one might encounter Shirin Ebadi, Tallahassee should not be one. I was to meet her in the state capital of what is officially known as America’s sunshine state, but is more widely regarded as America’s weirdest state. Ebadi was in Florida for PeaceJam, which connects Nobel peace prize laureates with youth. But I found it
  
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• Luxury goods giant LVMH grabs full control of Christian Dior

  25-04-2017 12:15 via theguardian.com
  
  French group to bring fashion house’s brands from perfume to couture under one roof in complex deal worth €12bnThe French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex €12bn (£10bn) deal that reunites the fashion house with the perfume and other Dior brands.The Arnault family, which holds a controlling stake in LVMH, owns 74.1% of Christian Dior, one of the world’s top fashion houses. The family said it
  
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• What does the business world make of Trump 100 days in? The jury is still out

  25-04-2017 12:00 via theguardian.com
  
  The business promises Donald Trump made on the campaign trail helped him get elected, but his actions since then have made him an uncertain figure
  As we approach 100 days in, business still doesn’t know quite what to make of Donald Trump. On the campaign trail he excoriated Wall Street and pledged to “drain the swamp” of lobbyists. In office he has stuffed his cabinet full of gilded bankers and hidden the White House guest book so we will never find out who has his ear. Continu
  
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• Can Donald Trump better renegotiate Nafta? Yes, by bringing back TPP

  25-04-2017 10:44 via theguardian.com
  
  Bringing more countries into Nafta will ease disputes and boost trade. Trouble is, the US had all those benefits – it was called the Trans Pacific PartnershipDonald Trump’s administration says it is sticking with its campaign promise to renegotiate the North American Free Trade Agreement (Nafta). Indeed, Trump has now reiterated his intention to invoke the procedures for renegotiating Nafta soon (within “the next two weeks”), triggering a 90-day consultation period with C
  
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• Brexit blow as hardline eurocrats move to lock financial services out of future ... - Express.co.uk

  25-04-2017 10:28
  
  Express.co.uk
  Brexit blow as hardline eurocrats move to lock financial services out of future ...
  Express.co.uk
  HARDLINE eurocrats have today moved to lock financial services out of upcoming talks with Britain in a move which will significantly reduce the chances of the two parties agreeing a post-Brexit trade deal. By Nick Gutteridge, Brussels Correspondent.
  European Union to discuss Brexit without UKFinancial Express
  EU to exclude financial services from trade deal with UK post-BrexitZee Busi
  
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• Reacting to technological threats isn't enough – we need to plan for them | Michael Boskin

  25-04-2017 09:22 via theguardian.com
  
  When governments focus too much on narrow disputes like the FBI v Apple, it creates space for unexpected dangers such as cyber-attacksWhat do the leaks of unflattering email from the Democratic National Committee’s hacked servers during the 2016 US presidential election campaign and the deafening hour-long emergency warning siren in Dallas, Texas, have in common? It’s the same thing that links the North Korean nuclear threat and terrorist attacks in Europe and the US: all represent t
  
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• Driverless pods plot new course to overtake humans

  25-04-2017 09:01 via theguardian.com
  
  Autonomous cars used at Heathrow and being trialled in south-east London now beg the question - should humans be banned from driving?In a little over two years, a fleet of driverless cars will make its way from Oxford to London, completing the entire journey from start to finish without human intervention, including on urban streets and motorways.Organisers of the government-backed project, announced on Monday, still expect to have a human in the driving seat. But as the cars communicate, update
  
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• The doom-mongers got it wrong: the centre is holding in Europe | Joris Luyendijk

  25-04-2017 09:00 via theguardian.com
  
  The populist explosion hasn’t happened, and the EU – while still not out of the woods – seems safe. There is reason for cautious optimismHow many more European elections before Brits and Americans stop projecting Brexit and Trump on to Europe? Ever since British voters stunned the country, the world and – probably – themselves by voting to leave the EU, the British press has all but reduced politics in Europe to the “who’s next?” question. After Do
  
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• Always fresh? Canada's Tim Hortons coffee chain steams into UK

  25-04-2017 08:54 via theguardian.com
  
  Company fabled for donuts and sugary ‘double double’ plans more British outlets after European debut in Glasgow but is it here too late in the day?Canadian company Tim Hortons is to open its first UK coffee shop in May, entering the crowded but still growing British market for food and drink on the go.Promising to bring its “signature coffee, delicious food and Canadian charm” to the UK, the chain’s first UK coffee shop – also its first foray in Europe –
  
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• Crisis management for entrepreneurs: how to deal with PR disasters

  25-04-2017 08:00 via theguardian.com
  
  Unlike United Airlines, Pepsi and Nivea, small businesses don’t have expensive PR teams to call for adviceApril has been quite the month for PR disasters – United Airlines, Pepsi, Nivea and even Tesco have all been caught in the negative freefall of bad publicity.Big businesses often have large PR teams to call on when a crisis hits – seasoned professionals who can advise them what to do and when to do it. But entrepreneurs rarely have the budget to invest in this kind of on-ca
  
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• Automated phone calls to ADT landed me with an alarming bill

  25-04-2017 07:59 via theguardian.com
  
  A defective alarm system I didn’t even have a contract for made 958 test calls in one month, costing me £97I read a piece from you dating back to 2014 regarding regular ADT daily call costs arising from testing a domestic alarm system. I believe my problem might be bigger. In one month (mid-January to mid-February) it called/tested the alarm a staggering 958 times (at a cost of £97), which was clearly an error as I don’t even have a contract with them. I only knew this wa
  
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• Tory windfarm policy endangers cheap energy in UK, commission finds

  25-04-2017 07:19 via theguardian.com
  
  Shell-sponsored group says wind is ‘increasingly the cheapest form of electricity’ and urges Tories to review ban on subsidised onshore windfarmsConservative opposition to windfarms risks the UK missing out on one of the cheapest sources of electricity, according to the head of a Shell-funded industry group. Adair Turner, chair of the Energy Transitions Commission, said wind and solar power costs had fallen dramatically globally and urged the government to rethink its ban on subsidis
  
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• Brexit brain drain threatens UK universities, MPs warn

  25-04-2017 07:00 via theguardian.com
  
  Commons education committee’s warning of an exodus of EU staff from UK universities is echoed by senior academicsThe government is being urged to act swiftly to halt a post-Brexit brain drain which threatens the international competitiveness of the UK’s university sector.A significant new report by MPs sitting on the Commons education committee says the rights of 32,000 university staff from EU countries to continue working in the UK should be guaranteed as a matter of urgency. Conti
  
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• Financial and professional services industry contributes £176bn to the UK ... - City A.M.

  25-04-2017 01:05
  
  City A.M.
  Financial and professional services industry contributes £176bn to the UK ...
  City A.M.
  I write about M&A, deals, IPOs, private equity, asset management, media and a fe [..] Show more. Follow William. Commuters Flock To Work In The City Of London. There are estimated to be 2.2m financial and professional services employees in the UK ...en meer »
  
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• Financial and professional services industry contributes £176bn to ... - City A.M.

  25-04-2017 01:05
  
  City A.M.
  Financial and professional services industry contributes £176bn to ...
  City A.M.
  Financial and related professional services workers contribute 1.5 times more to the economy than the average UK employee, a new report today reveals.en meer »
  
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