Financial news

• Drive carefully – I can see a credit car crash up ahead | Phillip Inman

  08-05-2017 19:50 via theguardian.com
  
  There’s a sub-prime crisis brewing on the roads. The car industry has driven the UK’s recovery from the 2008 financial collapse – but will it cause the next one?Cars have helped drive the UK’s recovery since the 2008 financial crash. British factories are today making more cars than at any time this century, and consumers are buying more of them than at any time in history. The question, though, is whether cars, and the way we buy them, will be the cause of Britain’
  
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• 50 MPs back fight to divest parliament pension fund of fossil fuels

  08-05-2017 18:25 via theguardian.com
  
  Cross-section of MPs urge £612m pension fund to show greater leadership and “take climate change seriously”A campaign calling on parliament’s £612m pension fund to divest from fossil fuels has won the backing of 50 MPs from across the UK’s main political parties.The Divest Parliament campaign has announced it has secured support from a cross-section of MPs from Labour, the Conservatives, Lib Dems, Greens, SNP, SDLP and Plaid Cymru, who are all urging the Parli
  
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• More financial services firms looking to move out of UK | ICAEW ... - economia

  08-05-2017 18:19
  economia
  More financial services firms looking to move out of UK | ICAEW ...
  economia
  EY's Brexit Tracker found that, while firms intending to move operations out of the UK remain in the minority, there has been a 50% increase in companies ...en meer »
  
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• Don't change insurer regularly? It could be costing you more than £1,400

  08-05-2017 17:10 via theguardian.com
  
  Motor and home policyholders who stay with the same supplier could be overpaying by thousands every decadeHouseholds that fail to move their home and car insurance regularly are overcharged by more than £1,400 a decade, according to new research.
  An audit of 9,000 motorists and 8,000 homeowners by research agency Consumer Intelligence found that after three years the typical driver was overpaying by £75 and the homeowner by £66.Continue reading...
  
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• UK lawyer turned 'financial adviser' jailed over £1.5m fraud - International Adviser

  08-05-2017 13:40
  
  International Adviser
  UK lawyer turned 'financial adviser' jailed over £1.5m fraud
  International Adviser
  A British lawyer who became a self-proclaimed 'financial adviser' after being struck off has been jailed for six years for swindling clients out of almost £1.5m (€1.8m, $1.9m). Print · UK lawyer turned 'financial adviser' jailed over £1.5m fraud. David ...
  
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• Chubb enhances financial lines covers in UK and Ireland - Intelligent Insurer (subscription)

  08-05-2017 12:33
  Chubb enhances financial lines covers in UK and Ireland
  Intelligent Insurer (subscription)
  Property/casualty insurer Chubb has enhanced its financial lines covers in the UK and Ireland. The company has revised its Elite directors and officers (D&O) and Elite commercial crime cover. "Our enhanced financial lines wordings provide what is ...
  
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• Are UK house prices starting to fall? The Halifax thinks so

  08-05-2017 11:31 via theguardian.com
  
  Halifax claims prices are falling with even surveyors starting to reduce valuations as inflation squeezes household finances and dents demandHouse prices fell again in April and are now nearly £3,000 below their peak in December 2016, amid broadening evidence of a slowdown in the UK property market.The average property fell in value by 0.1% in April, according to data from Halifax. Although this is not as steep as the 0.4% monthly fall recorded by Nationwide, it puts both major indices on
  
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• Alfa Financial Software to list in largest UK tech IPO since 2015 - Financial Times

  08-05-2017 10:44
  Computer Business Review
  Alfa Financial Software to list in largest UK tech IPO since 2015
  Financial Times
  Alfa Financial Software has announced plans to join the London Stock Exchange next month, in what will be the largest UK tech listing for two years.
  Alfa Financial Software to go public in biggest UK tech IPO since 2015Computer Business Review
  Alfa Financial to IPO in 'largest UK tech listing since 2015'Tech City News
  CORRECTED-Alfa Financial Software plans to list in London neLondon South
  
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• How can I run up a debt for a Barclays account I closed 15 years ago?

  08-05-2017 10:34 via theguardian.com
  
  Debt collectors have sent a demand for £849 but no one seems to know why or what forI received a letter from a debt collection agency stating that I owed Barclays £849.16. All it could tell me was that this was to do with an account I had closed in 2002.After further investigation, it seems the account, for which I paid a monthly fee, was never closed and charges continued to accrue for nearly 15 years. Continue reading...
  
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• Banks accused of putting lives at risk as charity accounts are shut without notice

  08-05-2017 10:24 via theguardian.com
  
  Fear of strict money laundering regulations means they have been over-cautious. But the consequences can be disastrousFifteen years ago a group of Kenyan churchgoers decided to tackle the growing problem of young beggars in their small coastal town. The children had been orphaned by HIV and extreme poverty prevented their extended families from offering them a home. The women founded a charity whose UK arm, Upendo UK, sends donations to feed, clothe and educate 56 of these children so that impov
  
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• Proptech: the businesses transforming the housing market

  08-05-2017 08:00 via theguardian.com
  
  A new generation of property-tech entrepreneurs is transforming the multi-billion pound industry by seeking to change how we buy, sell and rentThe property sector is a multi-billion pound industry that affects all of us at some point in our lives. But, dominated by large, traditional high-street estate agents, it operates in a way that can feel incredibly archaic and confusing for all involved. “There are clear problems with how UK houses are transacted,” says Professor Andrew Baum o
  
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• London rents fall for first time since 2009 amid post-Brexit vote slowdown

  08-05-2017 08:00 via theguardian.com
  
  Year-on-year fall of 1.2% is good news for tenants looking to move or negotiate with landlords as recent new-build property comes onto rental marketRents have fallen year on year in London for the first time since 2009 and are flat in much of the rest of the country in fresh evidence of the post-Brexit vote slowdown in the property market.The UK’s biggest tenant referencing company, Homelet, said rents on new tenancies in London fell by 1.2% in April compared with the same month a year ago
  
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• I was conned by a fraudster pretending to be an Airbnb host

  08-05-2017 08:00 via theguardian.com
  
  I used the website for a trip to Amsterdam but didn’t use its payment systemI used the Airbnb website for the first time a month ago to look for accommodation for a family trip to Amsterdam. The first listing in the search results looked promising, and I clicked on a link to contact the “host” and inquire about availability.The ensuing email exchange led to my agreeing to pay €1,400 (£1,182.23) for a five-night stay plus deposit by bank transfer, and a plausible conf
  
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• I don't like my new job – should I go back to the old one?

  08-05-2017 08:00 via theguardian.com
  
  My old boss said he would have me back and I’m tempted as the new role isn’t a good fit for me
  Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights.I think I have made the biggest mistake of my life. I resigned from a job where I became rather stressed and, as a result, decided to ap
  
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• Higher, cheaper, sleeker: wind turbines of the future – in pictures

  08-05-2017 06:00 via theguardian.com
  
  With the UK government ending subsidies for onshore wind and the Trump administration pushing for a return to coal, you might think the wind power revolution had run out of puff. Far from it. The cost of energy from offshore wind in Britain has fallen by a third since 2012, and wind accounts for over 40% of new capacity in the US, representing an annual investment of $13bn. Now next-generation wind technologies promise to make wind energy safer and more affordable – if they can make the di
  
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