Financial news

• May to appeal to low-paid voters with new social housing pledge

  13-05-2017 23:00 via theguardian.com
  
  May is announcing the proposal to create a new generation of housing to rent as Labour reveals its Robin Hood taxTheresa May will vow to “fix the broken housing market” and arrest a decline in social housing by announcing a scheme designed to boost the number of new council homes for rent.In an attempt by the prime minister to reach out to low-paid workers, she will announce a plan to offer funds, loans and new powers to councils and housing associations to help them build a new gene
  
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• UK Financial Conduct Authority Publishes Policy Statement on Remuneration for ... - The National Law Review

  13-05-2017 22:01
  
  The National Law Review
  UK Financial Conduct Authority Publishes Policy Statement on Remuneration for ...
  The National Law Review
  On May 3, the UK Financial Conduct Authority (FCA) published a policy statement (PS17/10) to help firms subject to the Capital Requirements Directive (CRD IV) understand the rules applying to their remuneration policies and practices. The FCA states ...
  
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• Mental exercises that improve your financial health - AOL UK

  13-05-2017 19:12
  AOL UK
  Mental exercises that improve your financial health
  AOL UK
  If this is you and you're retired then it could prevent you from spending the money you worked so hard to accumulate. See also: How to talk to your children about money. See also: Why do young people think money is the key to happiness? The key to ...
  
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• Labour has big spending ideas, but no plan to earn our trust | Phillip Inman

  13-05-2017 18:00 via theguardian.com
  
  However much extra public investment is justified, the current Labour party can’t convince people it is capable of using it wiselyThe Labour manifesto is a stark reminder of the havoc a Tory government will create over the next five years if it wins a sizable majority next month.From the holes it identifies in NHS funding to the need for an investment bank to promote infrastructure spending, the document has something to say about many of the areas crying out for government intervention. I
  
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• US ‘fear index’ shows stock markets eerily calm in stormy times

  13-05-2017 17:00 via theguardian.com
  
  The Vix measures how fearful share traders are. The scary thing is that they’re not – and the index is down at levels seen in, er, 2007A tool that measures fear may sound like something out of a horror movie, but the Vix index has nothing to do with the entertainment industry. Also known as the fear index, the Vix is a key indicator of stock market health.The Chicago Board Options Exchange Volatility Index, to give it its proper name, tracks the extent to which traders are optimistic
  
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• Great bed and power shower: is this really a budget hotel?

  13-05-2017 17:00 via theguardian.com
  
  Like Ryanair and easyJet before them, low-cost hotel chains are eyeing the lucrative business travel market – and it’s sweet dreams all roundFor the battle-hardened business traveller, budget hotel chains are synonymous with dreary decor, thin walls and the hum of the motorway beyond the window. But in the same way that Ryanair and easyJet raised their game to make the low-cost option acceptable for work trips, cheap hotels are luring the corporate pound with a move upmarket.So while
  
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• Mohamed El-Erian: ‘we get signals that the system is under enormous stress’

  13-05-2017 16:59 via theguardian.com
  
  The leading economist and investor believes world leaders, and global capitalism, have reached a decisive fork in the road between equality and chaosThe bad news is that another economic crisis could strike within two years. The good – or better – news is that such a shock is not nailed on. It’s a 50% chance. But the developed world is approaching a T-junction. One road leads to higher growth and a more inclusive form of capitalism while the other turns towards recession, insta
  
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• Will clothes companies do the right thing to reduce microfiber pollution?

  13-05-2017 15:00 via theguardian.com
  
  Synthetic fibers are polluting the world’s oceans – but a new report shows how apparel companies have been far too slow to respond. Can they change their ways?Over the past few years, evidence has been mounting that synthetic textiles such as polyester and acrylic, which make up much of our clothing, are a major source of pollution in the world’s oceans. That’s because washing those clothes causes tiny plastic fibers to shed and travel through wastewater treatment plants
  
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• Letter to my younger self: just do your very best every day

  13-05-2017 10:00 via theguardian.com
  
  Olivia Knight sat on her business idea for two years before she took the leap, worried about the consequences of failure. But she says it has been thrillingDear Liv,Congratulations on your marriage. You and Laurie finally tied the knot and took the kids to beautiful Cuba. A holiday of a lifetime, it was paid for by your wonderful friends and family, in lieu of traditional wedding gifts. Continue reading...
  
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• Which? names Richer Sounds and Toolstation as UK's best-rated shops

  13-05-2017 09:01 via theguardian.com
  
  Hi-fi specialist and DIY retailer beat Apple and John Lewis in poll of 10,000 shoppers based on likeliness to be recommended but Morrisons comes lastThey are not exactly household names, unless you spend your weekends in the shed or fiddling with your surround-sound speakers, but an influential shopper survey has named Toolstation and Richer Sounds as the UK’s most highly-rated shops.The two retailers were ranked joint first, ahead of customer service luminaries Apple and department store
  
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• Just do it: the experience economy and how we turned our backs on ‘stuff’

  13-05-2017 09:00 via theguardian.com
  
  New figures show we are continuing to spend less money on buying things, and more on doing things – and telling the world about it online afterwards, of course. From theatres to pubs to shops, businesses are scrambling to adapt to this shiftIt was an audacious plan for an unloved bit of Manchester. A £25m arts centre to be built on a derelict plot that had not felt a cultural pulse since the closure, 15 years earlier, of the legendary Haçienda nightclub. It would be called Hom
  
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• Inside the new Battersea Power Station

  13-05-2017 09:00 via theguardian.com
  
  First 100 residents move in to first batch of swanky flats as vast £9bn development starts to rise from the rubble at the south London landmarkPop veteran Sting, celebrity survival expert Bear Grylls and 1,400 Apple office workers will soon be neighbours – living and working alongside each other at Battersea Power Station. The £9bn project to revamp the Grade II listed building – more than it cost to build the stadiums and stage the 2012 London Olympics – is the cen
  
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• We’re over our wedding budget – how can we cut costs?

  13-05-2017 08:00 via theguardian.com
  
  We had budgeted £12,000 but have overspent by £2,000 and need adviceEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question: Continue reading...
  
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• These are the UK markets I’d meddle in. What would yours be?

  13-05-2017 08:00 via theguardian.com
  
  As Theresa May catches the bug with electricity and gas prices capped, here are my suggestions for a few moreWho knew Theresa May was so anti free markets, happy to meddle where competition fails consumers? Now she’s caught the bug with the electricity and gas price cap, here’s my selection of the other markets she should be meddling in. We’d be keen to hear yours, too.PetrolThe average UK price is now 116p for unleaded, according to Petrolprices.com. The cheapest supermarket f
  
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• Taylor Wimpey compensation offer is PR con, claim victims of leasehold scandal

  13-05-2017 08:00 via theguardian.com
  
  Some homeowners believe they will still be left in the clutches of ground rent companies and have to pay excessive chargesTaylor Wimpey last month offered £130m to buyers trapped in new-build homes with spiralling ground rent contracts. It was a move initially greeted with glee by victims of the leasehold scandal. But as details have emerged, some householders say they will still be left paying “frankly obscene” charges.Jo Darbyshire bought her four-bed home in Bolton in 2010 f
  
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• 'Return to your old job and plan a coming back party' – our work expert responds

  13-05-2017 08:00 via theguardian.com
  
  Our careers expert – and you the readers – help an employee concerned about the sacking of a colleague and another who doesn’t like their new jobContinue reading...
  
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• Bathstore accused of using cowboy fitters who damaged properties

  13-05-2017 08:00 via theguardian.com
  
  Dream bathrooms turned into nightmares for two customers who say they were forced to sign off on shoddy workTwo women who each paid Bathstore £5,000 to install new bathrooms in their homes have claimed the retailer used cowboy builders who caused leaks and damage to their homes – and then tried to intimidate them into signing off their shoddy work.Nicola Milburn from Gravesend in Kent said sales staff had promised that it would take five days to install her dream bathroom, but instea
  
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• Canalside homes – in pictures

  13-05-2017 00:45 via theguardian.com
  
  Enjoy the waterfront from these properties in Hertfordshire, east London and LancashireContinue reading...
  
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