Financial news

• Theresa May defends public sector pay cap under pressure from Labour

  05-07-2017 21:23 via theguardian.com
  
  Easing of austerity policies aimed at reducing deficit would lead to Greek-style economic collapse, claims the PMTheresa May raised the spectre of a Greek-style economic collapse if Britain fails to press ahead with tackling the deficit on Wednesday, as she was challenged repeatedly by Jeremy Corbyn over the public sector pay cap.With intense political pressure on the prime minister – including from her own cabinet colleagues – to ease the strain for cash-strapped public servants, in
  
  Read more

• Minister suggests women hit by pension age change 'take up apprenticeships'

  05-07-2017 19:58 via theguardian.com
  
  Guy Opperman’s comments enrage ‘Waspi’ campaigners – and Conservative MPs join criticism of policy The pensions minister is facing criticism after suggesting that millions of women in their 60s who are facing cuts to their state pension could take up apprenticeships as a route to re-employment.Guy Opperman said the government would not change laws that have disadvantaged older women, but instead highlighted “extended apprenticeship opportunities” to get older
  
  Read more

• Volvo signals carmakers' growing confidence in an electric future

  05-07-2017 19:31 via theguardian.com
  
  Take-up of electric and hybrid cars has disappointed so far but Swedish firm’s chief executive says industry is changing fastVolvo’s decision to exclusively build electrified or hybrid cars is the beginning of the end of the company’s relationship with fossil fuels, according to one motoring organisation.One Swedish carmaker starting down the road to a zero emissions future will not solve global warming alone. But the whole automotive industry following suit would begin to make
  
  Read more

• Euro V pound: EUR tumbles against GBP after European Central Bank comments

  05-07-2017 17:51 via feedproxy.google.com
  
  THE euro fell against the pound on Wednesday in response to comments from an ECB official.
  
  Read more

• Advertisement

• What impact is Brexit having on foreign property prices?

  05-07-2017 17:49 via feedproxy.google.com
  
  WITH formal Brexit negotiations fully underway, we’re now a little under two years away from Britain separating from the European Union.
  
  Read more

• HUMBLE GRAPE group ferments ethical WINE revolution with new bar openings and experiences

  05-07-2017 17:39 via feedproxy.google.com
  
  “WE CHAMPION talented winemakers from small, unknown vineyards who work closely with nature, then import directly and never compromise that ethos,” says James Dawson whose Humble Grape brand this week opens its third wine bar.
  
  Read more

• Scotland's economy still fragile warn experts, after country dodges recession

  05-07-2017 17:17 via feedproxy.google.com
  
  SCOTLAND has escaped a recession by the skin of its teeth but the economy remains fragile, politicians and experts have warned.
  
  Read more

• Equity release rates fall: Homeowners paying off interest-only mortgages could save

  05-07-2017 17:02 via feedproxy.google.com
  
  HOMEOWNERS turning to equity release to pay off interest-only mortgages or access lump sums of cash stand to save tens of thousands of pounds amid growing competition in the market, analysis has showed.
  
  Read more

• Advertisement

• ‘There’s a need for change’ Bank of England urged to raise interest rates

  05-07-2017 16:45 via feedproxy.google.com
  
  PRESSURE is growing on the Bank of England to raise interest rates and save families from biting inflation, after a decade without a single rise.
  
  Read more

• Russia's future looks bleak without economic and political reform | Kenneth Rogoff

  05-07-2017 15:36 via theguardian.com
  
  It managed to escape a deep crisis after oil prices plummeted – but prospects don’t look as promising as they did five years agoWhen the Russian president, Vladimir Putin, meets his US counterpart, Donald Trump, at this week’s G20 summit in Hamburg, he will not be doing so from a position of economic strength. To be sure, despite the steep drop in oil prices that began three years ago, Russia has managed to escape a deep financial crisis. But while the economy is enjoying a mod
  
  Read more

• Superdrug thanks Kim Kardashian for healthy glow to its annual sales

  05-07-2017 15:29 via feedproxy.google.com
  
  A FACE powder championed by reality TV star Kim Kardashian provided a healthy glow to Superdrug’s annual sales.
  
  Read more

• All Volvo cars to be electric or hybrid from 2019

  05-07-2017 13:26 via theguardian.com
  
  Landmark move as first big manufacturer says it will stop making vehicles solely powered by internal combustion engineAll new cars launched by Volvo from 2019 onwards will be partially or completely battery-powered, in what the company called a “historic end” to building models that only have an internal combustion engine.Between 2019 and 2021, the firm will introduce five 100% electric models, and ensure the rest of its conventional petrol and diesel range has a hybrid engine of som
  
  Read more

• Are you dissatisfied with your UK employment rights and conditions?

  05-07-2017 12:30 via theguardian.com
  
  We want to hear from readers who would like to share their stories as part of a Guardian film exploring unsustainable working conditions in the UK
  Ahead of a Government employment review, which will publish findings in July, we would like to hear from readers who’re working in conditions they feel are unsustainable. That could be living in poverty while in full time work, or it could mean being forced out of work altogether due to stress, working conditions, or other factors. Continue read
  
  Read more

• RECESSION WARNING: The shock graph that PROVES a huge stock market crash is COMING

  05-07-2017 12:23 via feedproxy.google.com
  
  STOCK markets across the world are on the edge of a devastating crash which could trigger a new economic meltdown, according to a key technical indicator.
  
  Read more

• WARNING: Don’t get burnt for cash on your holiday

  05-07-2017 12:21 via feedproxy.google.com
  
  YOUR summer break is time to relax, but if you are too laid-back your trip could be ruined by holiday rip-offs.
  
  Read more

• U-turn if you want to? Not any more – voters have had enough | Abi Wilkinson

  05-07-2017 11:21 via theguardian.com
  
  Now the Tories are backtracking on the energy price cap. Their electoral strategy seems to rely on us having remarkably short memories
  • Abi Wilkinson is a freelance journalistHands up who is surprised that the Tories have already U-turned on their promise to introduce a price cap on energy bills – the much vaunted manifesto policy that prompted suggestions they were “parking their tanks on Labour’s lawn”? In hindsight, it’s obvious that an idea scavenged from
  
  Read more

• Savers left in the red after a decade of low interest rates

  05-07-2017 10:20 via theguardian.com
  
  Consumers who put £1,000 cash in a savings account in 2007 will now have £878 in real terms, say expertsIt has been a difficult decade for savers. For 10 years they have suffered falling or ultra-low interest rates, leaving them in the red on their deposit accounts when they might reasonably have expected a modest gain.The last time the Bank of England put up interest rates was on 5 July 2007. But the financial crash put paid to further rises. In the next 20 months it tumbled to 0.5%
  
  Read more

• Unusual homes – in pictures

  05-07-2017 08:00 via theguardian.com
  
  From Oxfordshire to Italy … it’s out with the ordinary, in with the out of the ordinary Continue reading...
  
  Read more

• Stop saying yes to everything: how to set boundaries for your business

  05-07-2017 08:00 via theguardian.com
  
  Get paid on time, take a day before responding to emails, and say no to clients who aren’t a good fit – clear boundaries can help you succeedI like helping people. The vast majority of entrepreneurs do. As a coach and strategist I spend my days troubleshooting with clients, mapping out strategies and giving advice and support. I also have a web design business. At the beginning of my entrepreneurial journey in 2012, I was overly excited. I said yes to all kind of projects, even ones
  
  Read more

• Ikea slams the door on its 25-year kitchen guarantee

  05-07-2017 08:00 via theguardian.com
  
  Ours is only five years old but the doors are peeling and splittingWe wish to report a similar problem to other readers with our Ikea kitchen, which is less than five years old. The doors are all off-colour and peeling and splitting. We complained to the Edinburgh Ikea store, where we bought it, which said it would send out Ecomaster – a furniture repair and restoration company – to view them. The technician was in the house for all of five minutes before leaving.About three weeks la
  
  Read more

• High living, low sales: Shard apartments still empty, five years on

  05-07-2017 07:00 via theguardian.com
  
  Luxury flats with a price tag of up to £50m were touted as an easy sell – yet have failed to shift as the London market slowsWhen it opened the developers of the Shard boasted that it should only take “about 20 phone calls” to sell the 10 exclusive apartments near the top of the tower for up to £50m each.Yet five years on from the Duke of York and the former prime minister of Qatar officially opening “Europe’s first vertical city” with a dazzling l
  
  Read more

• Virgin Trains and six other companies agree to sell advance tickets on the day

  05-07-2017 01:01 via theguardian.com
  Cut-price rail fares can now be bought as close as 10 minutes before departure rather than the day beforeSeven rail companies, including Virgin Trains’ east and west coast franchises, have agreed to allow passengers to buy cheaper Advance tickets as close as 10 minutes before their journey starts.Following the lead taken by CrossCountry in January 2015 after a successful trial, seven more train companies have dropped punitive restrictions that in the past meant that customers could general
  
  Read more

• Sainsbury’s basking in red-hot summer sales

  05-07-2017 01:01 via feedproxy.google.com
  
  SIZZLING temperatures and revamped food ranges have put the heat under sales growth at Sainsbury’s.
  
  Read more

Follow @financialnwsUK on Twitter!