Financial news

• Camden Town Brewery founder insists big can also be beautiful

  08-07-2017 21:46 via theguardian.com
  
  Craft beer is about attitude and ingredients rather than size, says Jasper Cuppaidge, as he moves into huge new premisesThe original Camden Town Brewery, which nestles under a set of railway arches in London’s fashionable Kentish Town, is one of the most Instagrammed places in the UK. It’s hard to imagine the brewer, which was in the vanguard of the craft beer movement, is going to have the same appeal to hipsters after its move to a huge purpose-built shed on an anonymous north Lond
  
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• Key Takeaways from the UK Financial Conduct Authority's Review into the Asset ... - JD Supra (press release)

  08-07-2017 21:26
  
  Key Takeaways from the UK Financial Conduct Authority's Review into the Asset ...
  JD Supra (press release)
  The Situation: On 28 June 2017, the UK Financial Conduct Authority published the final findings of its review into the UK mainstream asset management market and announced a package of reform proposals to address the concerns identified. The Result: The ...
  
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• Brexit hitting house prices is myth: THIS is the real issue, says top estate agent

  08-07-2017 15:01 via feedproxy.google.com
  
  DRACONIAN tax measures are the real reason house prices are faltering - not Brexit - according to a top estate agency.
  
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• Letter to my younger self: you are a survivor who will help others

  08-07-2017 10:00 via theguardian.com
  
  After escaping from an abusive relationship, the last thing Devika Wood imagined doing was starting her own businessDear Devika,You are 19 years old, starting your BSc at King’s College London. Your excitement is overwhelming, as you are about to embark on what you believe will be the best years of your life. In truth, they won’t be.Continue reading...
  
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• Impossible Foods CEO: we want to eliminate all meat from human diets

  08-07-2017 09:00 via theguardian.com
  
  We can produce the food that people crave without using livestock, pledges Pat Brown founder of the ‘veggie burger that bleeds’It’s the veggie burger that bleeds. When eaten, it tastes and feels remarkably similar in your mouth to a burger made from animal meat.After a blaze of publicity, the US-based company behind it, Impossible Foods, is scaling up production. A new facility in California will open before the end of the year with the ability to produce four million burgers a
  
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• Ending austerity means increasing taxes or deficit, warns thinktank

  08-07-2017 09:00 via theguardian.com
  
  Politicians must face up to the costs of public sector pay rises, reversing welfare cuts and boosting governance, says Resolution FoundationPhilip Hammond will have to rip up the government’s deficit reduction plan or increase taxes for most of the population if he decides to end seven years of austerity by sanctioning higher public sector pay, reversing welfare cuts and providing extra cash for Whitehall departments, a thinktank has said.The Resolution Foundation said it was possible for
  
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• Will cheap car loans steer Britain to a financial crash?

  08-07-2017 08:00 via theguardian.com
  
  The car-led consumer credit explosion must be controlled, perhaps by bringing in affordability rules as with mortgagesIf you think Britain is teetering on a cliff-edge of impossibly high personal debt, then the website of The Car Finance Company will confirm your worst fears. Maybe you don’t have a job and are on benefits. Maybe you are so hard up you can’t afford to put down a penny in deposit. Maybe your credit history is littered with arrears notices. Don’t worry – you
  
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• The ‘sub-prime’ market is back in business

  08-07-2017 08:00 via theguardian.com
  
  The industry is terrified of using those words, but the fact is people bankrupt just a year ago can now get a mortgageThe “sub-prime” mortgage sector shut down following the financial crisis in 2007-08, but brokers say more and more lenders are returning to the market – with some willing to lend to people who were bankrupt as little as a year or so ago.On 30 June new retail bank Masthaven became the latest company to open its doors to people who have suffered financial problems
  
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• Pre-paid funeral plans failing to cover the cost of dying

  08-07-2017 08:00 via theguardian.com
  
  Sector is caught in a ‘perfect storm’ of high pressure sales and fast growthMillions of over-50s are being pressured to take out pre-paid funeral plans without realising relatives could be left with additional costs, a report warns.Consumer group Fairer Finance says a perfect storm is brewing as an explosion of online and telesales organisations target elderly and more vulnerable people with a “sell at all costs” mentality. The report, commissioned by funeral provider Dig
  
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• Homebuyers desperate to know who really owns their freehold

  08-07-2017 08:00 via theguardian.com
  
  A pass-the-parcel nightmare sees freeholds sold by major housebuilders to obscure companies which demand huge sumsBuyers who purchased new properties direct from some of the UK’s biggest builders have been left in the dark as investment companies play pass-the-parcel with the land their homes stand on.Take Joanne Darbyshire, 46, and her husband Mark, 47. They bought a five-bedroom house in Bolton from Taylor Wimpey in 2010, and are among thousands of unfortunate leaseholders put
  
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• Get rich quick? Not with Utility Warehouse

  08-07-2017 08:00 via theguardian.com
  
  Major energy scheme fronted by Joanna Lumley promises its ‘partners’ can earn thousands, but it doesn’t quite add upIt’s a money-making opportunity being promoted by Joanna Lumley where, for just a few hours’ work a week, “you will quickly find yourself earning an extra few hundred pounds each month”. With a bit more effort, she says, “you could earn thousands of pounds each month”.Sure enough, the accompanying literature holds out the t
  
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• Are cheaper car tyres a false economy?

  08-07-2017 08:00 via theguardian.com
  
  The difference is hundreds of pounds, but we don’t know what to doEvery 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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• Beware ‘the devil’s debt’ – that tempting store card offered at the tills

  08-07-2017 07:59 via theguardian.com
  
  With sky-high interest rates, they are a growing problem and the number of complaints about them has tripledAs charities, consumer groups and the Bank of England worry about the threat of a growing bubble of unmanageable consumer debt, the tills at high street shops have been pinpointed as one source of the growing problem. It is here where store cards are sold to consumers, with their sky-high interest rates which can typically come in at between 25%-30%.Essentially credit cards which can only
  
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• Pound falls as Britain’s economic growth dims on poor construction output

  08-07-2017 01:01 via feedproxy.google.com
  
  THE pound fell yesterday as Britain’s economic growth prospects took a knock from falling industrial production and construction output.
  
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