Financial news

• UK financial conduct watchdog searches for new leader - Financial Times

  18-06-2017 19:24
  Financial Times
  UK financial conduct watchdog searches for new leader
  Financial Times
  The Treasury is kicking off a search for the next chairman of the UK's financial conduct watchdog after the agency's inaugural chairman, John Griffith-Jones, confirmed he would step down when his term expires next March. A former KPMG partner, ...
  Chairman Of UK Financial Watchdog FCA To Step Down March Next YearLondon South East (registration) (blog)
  John Griffith-Jones Confirms Plan To Leave The UK Fina
  
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• European commission to crack down on offshore tax avoidance

  18-06-2017 17:18
  Draft law would force intermediaries to reveal cross-border financial schemes, though hard Brexit may exempt UKBanks, accountants and law firms that facilitate offshore tax schemes face a Europe-wide crackdown, according to a leak of draft legislation.Brussels will publish proposals this Wednesday to force financial intermediaries to automatically disclose any new cross-border tax schemes offered to clients. Those designing and promoting aggressive avoidance structures will have five working day
  
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• Why the political uncertainty won't shake house price foundations

  18-06-2017 10:46 via feedproxy.google.com
  
  THE MOMENT we have a bout of political or economic uncertainty the doom-mongers start shouting that it is all going to end in a houseprice crash.
  
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• Whole Foods, then a whole industry? Amazon sinks teeth into supermarkets

  18-06-2017 08:00
  
  Jeff Bezos’s purchase of the organic food chain is a clear sign that the UK’s big grocers will soon be in the fight of their livesNow the UK supermarkets know Amazon is coming – probably. The biggest and most frightening beast in the retail jungle has signalled it is serious about the grocery business. Jeff Bezos’s monster is making its largest ever acquisition by paying $13.7bn (£10.7bn) to buy Whole Foods Market in the US.The only mild consolation is that the main
  
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• Is Booking.com breaking its ‘free cancellation’ pledge?

  18-06-2017 08:00
  
  We asked for your experience of using the site. This is what you told us …Last week we featured the case of GC from Winchester who booked seven hotel rooms using Booking.com for a family get-together. She planned to cancel those not required using the website’s “free cancellation” option. Instead, Booking.com took £1,200 from her bank card and refused to allow her to cancel three rooms.We were very surprised it refused to help – the hotel later came to her ai
  
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• Humiliation on the high street as security guards rob shoppers of their dignity

  18-06-2017 08:00
  
  With budgets under pressure, stores are cutting back their security and using random spot checks to crack down on theft, as Anna Tims reportsPenny Keza was about to pay for her shopping at her local Aldi when a security guard bellowed across a crowd of customers and demanded to search her bag. “I asked why he had picked on me and his response was ‘People like you have been caught with stolen meat and alcohol’. He was unable to explain whether ‘people like you’ meant
  
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• Did you hear the one about the inequality and the thinktank?

  18-06-2017 08:00
  
  The Resolution Foundation’s forthcoming research into the socioeconomics of Britain is, unfortunately, likely to be no laughing matterThere’s a joke, beloved of American economists, that has a chief executive, a member of the conservative Tea Party movement and public-sector employee sitting at a table eyeing a plate of 12 biscuits.The chief exec grabs 11 of them, before turning to the Tea Party member and warning: “You better watch him. He wants your cookie.” Contin
  
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• Brexiters have voted for a poverty even worse than austerity

  18-06-2017 08:00
  
  With living standards already stagnating or declining, the remorseless reaction of the international markets to the referendum vote is starting to make itself feltWhen I suggested before the election that an ideal outcome would be a hung parliament and a coalition to think again on Brexit, I was certainly not thinking of the DUP. But, as Harold Macmillan once said: “Here we are, and the question is: where do we go from here?”It seems to be generally agreed that the election result bo
  
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• Debt bubble returns millions to days of 2008 crash

  18-06-2017 01:05
  
  Advisers call for action as growing numbers struggle with their billsCharities and financial advisers are calling on the government to use the Queen’s speech to address the “bubble” of unmanageable debt that households are rapidly accumulating.Unsecured consumer credit – including credit cards, car loans and payday loans – is this year expected to hit levels not seen since the 2008 financial crash. Continue reading...
  
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• Five minute guide to making mobile calls in the UK

  18-06-2017 01:01 via feedproxy.google.com
  
  Mobile phone roaming charges were officially abolished across the EU on Thursday and although Brexit talks start tomorrow, Britain remains a fully paid-up member of the EU, so the new rules apply at least until 2019.
  
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• Businesses hoping Brexit talks bring certainty to a year of instability

  18-06-2017 01:01 via feedproxy.google.com
  
  BREXIT talks are set to begin tomorrow, almost exactly a year after the EU referendum result.
  
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• Brexit talks: Calls for business-friendly free-trade deal

  18-06-2017 01:01 via feedproxy.google.com
  
  Campaigners are calling on the Government to focus on striking a business-friendly free-trade deal when discussions start tomorrow.
  
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