Financial news

• Tory claims over energy price cap are just hot air | Nils Pratley

  09-05-2017 20:46 via theguardian.com
  
  Ministers cite government-backed report to back plan – but it actually said policy could lead to ‘worse outcomes for customers’The most irritating part of Theresa May’s presentation of her price cap on energy bills is not her silly pretence that her policy, and Ed Miliband’s, are chalk and cheese.Under a microscope, it’s true one can tell the two apart. The Tory version could see prices increase sometimes under regulator Ofgem’s six-monthly reviews; and,
  
  Read more

• Brexit: What Next For UK Financial Services? - The Market Mogul

  09-05-2017 17:23
  
  Brexit: What Next For UK Financial Services?
  The Market Mogul
  The United Kingdom's decision to leave the European Union could be described as taking a leap into the dark in an unchartered territory, with dawn still quite far away. Whilst Brexit is inherently political, this five-part article takes a comprehensive ...
  
  Read more

• Tory energy pledge: May says she still believes in free market despite vow

  09-05-2017 16:42 via theguardian.com
  
  PM seeks to distance herself from similar pledge made by Ed Miliband that was labelled by Tories as ‘Marxist’• General election 2017 – live updatesTheresa May has said she still believes in free markets despite pledging to cap energy prices, after it was pointed out her party had dismissed a similar plan put forward by Ed Miliband as “Marxist”.The Conservatives are proposing a price cap on standard variable tariffs, to be set by the energy regulator, Ofgem. The
  
  Read more

• UK Poker site PKR shuts down due to financial difficulties - World Casino Directory

  09-05-2017 14:09
  
  World Casino Directory
  UK Poker site PKR shuts down due to financial difficulties
  World Casino Directory
  UK-licensed online poker site PKR is shutting down after suffering “financial difficulties”, official statements posted on the website last Wednesday revealed. As the update stated, the operator is currently receiving professional advice while its ...en meer »
  
  Read more

• Advertisement

• John Lewis profits suffer £36m dent from minimum wage error

  09-05-2017 13:35 via theguardian.com
  
  Department store chain says payroll error led to annual underpayment to partners who may be due back pay for up to six yearsJohn Lewis profits have been dented by £36m after a payroll error that breached minimum wage rules.The retailer, which owns Waitrose supermarkets as well as its namesake chain of department stores, said it was working with HMRC to examine its practice of pay averaging, which aims to smooth out monthly pay over the year. Continue reading...
  
  Read more

• More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY - Insurance Journal

  09-05-2017 13:25
  
  More Than 25% of UK Financial Firms Make Plans for EU HQs on Brexit: EY
  Insurance Journal
  More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. That's a 50 percent increase this year in the number of ...en meer »
  
  Read more

• At last, a plan to tackle the housing crisis – Labour may just have the answer | Owen Jones

  09-05-2017 12:50 via theguardian.com
  
  By pledging to build more homes and regulate the private rented sector, Labour can boost the economy and offer hope to the younger generationBritain’s housing crisis is bad news for a multitude of reasons. It is bad news for children, whose health, wellbeing, education and thus potential is damaged by growing up in an overcrowded home. It is bad news for a younger generation who fear that a decent home of their own – something their parents took for granted – is an impossible d
  
  Read more

• The Conservatives' energy price cap is not a strong and stable long-term policy

  09-05-2017 11:27 via theguardian.com
  
  The cap on bills is like giving in to a child’s tantrum: you save short-term grief but encourage bad behaviour in the long termAre millions of people really being ripped off by big energy companies charging unfair prices, as Theresa May claims? It depends on whether you think people should be responsible for seeking out the best deals on the market.If you’re one of the 1.8 million who switched electricity supplier in the past four months, you are probably paying about £900-&pou
  
  Read more

• Advertisement

• If Google and Facebook can get scammed, how do you protect a small business?

  09-05-2017 11:00 via theguardian.com
  
  Fraudulent emails are the most common security breach experienced by SMEs. An expert explains why phishing scams work and how to avoid themAfter learning that Facebook and Google were conned out of $100m in a sophisticated phishing scam, you’d be forgiven for wondering what hope the rest of us have. If these tech giants can’t protect themselves, how are small business owners supposed to?It’s a story I see often. The con was the well thought out work of a confidence trickster. E
  
  Read more

• Chubb improves financial lines covers in UK, Ireland - Insurance Business

  09-05-2017 08:40
  
  Insurance Business
  Chubb improves financial lines covers in UK, Ireland
  Insurance Business
  Chubb has enhanced two of its key financial lines wordings in the UK and Ireland – Elite D&O and Elite Commercial Crime – as the insurer continues to invest in this risk area. Grant Cairns, financial lines manager for Chubb in the UK and Ireland, said ...
  
  Read more

• Should Halfords replace my faulty four-year-old bicycle?

  09-05-2017 08:00 via theguardian.com
  
  The bike was never right from day one and now the cost of getting it repaired will be more than I paid for itI bought a bike from Halfords’ Edinburgh Hermiston Gait store four years ago and no longer have proof of purchase. But from day one the bike was never right and I believe it was never assembled properly – the handlebars kept coming loose, for example. About a year after buying it I took it back into to Halfords, but even after that it still wasn’t right and I now realise
  
  Read more

• More food for thought, as a passenger takes BA to court

  09-05-2017 08:00 via theguardian.com
  
  After booking a trip with free food and drink included, BA replaces ‘free’ with ‘paid for’Last month I aired the ire of a reader who had been subjected to BA’s newly “improved” customer service. That is to say, he’d been charged for an airborne meal that would previously have been free. Or he would have been charged if there had been any food to buy. By the time the trolley had reached him on his return flight, supplies had run out.Instead of the f
  
  Read more

• UK firms struggle to find employees – even before Brexit bites

  09-05-2017 07:01 via theguardian.com
  
  Snapshot of the jobs market by Recruitment and Employment Confederation finds there are fewer people available to fill vacanciesEmployers in the UK are struggling to fill vacancies after the sharpest drop for more than a year in the number of available candidates, according to a report that points to more recruitment difficulties ahead once Brexit bites.Even before the potential restrictions on immigrants once the UK leaves the EU, firms are reporting skills shortages across a range of more than
  
  Read more

• Theresa May to promise price cap on energy bills in Tory manifesto

  09-05-2017 01:01 via theguardian.com
  
  Policy marks a shift towards a more interventionist approach and is likely to draw fierce criticism from other partiesTheresa May will promise a cap on rip-off energy bills in the Conservative manifesto, arguing that she is ready to intervene in markets if they are thought to be failing ordinary families.The prime minister will set out plans for an “absolute price cap” on standard variable tariffs to save households up to £100 a year after a government-backed study found custom
  
  Read more

Follow @financialnwsUK on Twitter!