Financial news

• UK Growth to Be Downgraded - Financial Tribune

  16-07-2017 21:37
  
  Financial Tribune
  UK Growth to Be Downgraded
  Financial Tribune
  The influential UK-based Ernst & Young Item Club will on Monday slash its forecast for economic growth amid rising fears over weakening consumer spending coupled with the squeeze on real wages. However, the organization is also set to raise its ...
  
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• The Guardian view on the 1%: all gain, no pain | Editorial

  16-07-2017 20:59 via theguardian.com
  
  The richest in our society are not worth the rewards they give themselves. It’s because they have captured ideologically the political process that these absurdities continueThis summer marks 10 years since the beginning of the financial crash in the UK, when depositors lined up outside branches of a small British bank, Northern Rock, to withdraw all of their savings as quickly as possible, particularly since everyone else was doing the same. This led to the UK’s first bank run in 15
  
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• Low-paid should receive inflation-only rises, say business leaders

  16-07-2017 20:13 via theguardian.com
  
  The British Chambers of Commerce have told the Low Pay Commission that a rise of more than 2.7% in the national living wage could lead to job cutsLow-paid workers in the private sector should see their wages restricted to inflation-only rises, according to business leaders, who have said that without the real-terms freeze, they could be forced to make job cuts.The British Chambers of Commerce (BCC) said the “national living wage” (NLW) should rise by a maximum of 2.7% in its response
  
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• Workers’ rights need more protection in the gig economy | Letters

  16-07-2017 18:37 via theguardian.com
  
  Readers debate the arguments of Matthew Taylor’s report on the proliferation of short-term, freelance and casual workRafael Behr’s commentary on Matthew Taylor’s “gig economy” report is too kind by half (The gig economy can be exploitative – but there is no easy path to Good Work, 12 July). Both in the report and in interviews, Taylor seems more concerned to preserve the gig economy business model than worried about the resultant exploitation. The busines
  
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• Globalisation and the flight of capital | Letters

  16-07-2017 18:36 via theguardian.com
  
  David Chambers wonders whether pension funds that invest primarily outside the UK are part of the problem. Plus Chris Hughes says economic growth is needed only to service debtNikil Saval writes that “Globalisation could take place in services, capital and ideas … but what it meant most often was making it cheaper to trade across borders” (The great globalisation backlash, 15 July). We hear no more from him about cross-border movements of capital. When I studied economics in t
  
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• Cracking a joke about Wimbledon’s dress code | Brief letters

  16-07-2017 18:35 via theguardian.com
  
  Railways | Border Force | Semicolon v colon | Dogs who recycle | Wimbledon dress codeSouthern rail has a long track record for poor service. In your report (14 July), you say the owners have been fined £13.4m. This is a company that was rewarded with a £100m profit last year, so not a particularly onerous sanction. Your report goes on to say that the owners of Southern, Govia Thameslink Railways, will spend the “fine” on a package of improvements to its franchise. A fine
  
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• Avoid the ‘big boss chair’: the graduates’ workplace survival guide

  16-07-2017 18:15 via theguardian.com
  
  Business leaders are concerned about young people’s attitudes to work – here are a few tips for new grads starting in their first jobAnother attack on lazy, snowflake millennials or a serious issue? The latest education and skills survey by CBI/Pearson found that a third of companies are “concerned about young people’s attitudes to work” and nearly half were worried about their communication skills, and behaviours such as resilience.Eight out of 10 students feel pre
  
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• Poundland delays launch of Twin Peaks chocolate bar amid legal row

  16-07-2017 16:09 via theguardian.com
  
  Budget chain says launch will go ahead despite dispute with Toblerone, adding the product to its list of confectionery copycats Poundland has been forced to delay the launch of a Toblerone copycat after getting stuck in a legal wrangle with the triangular chocolate bar’s owners.Last month, the budget chain announced plans to begin selling Twin Peaks, a bar with two humps rather than the distinctive single peak chunks of the Toblerone bar, which is one of the discounter’s biggest sell
  
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• UK government orders takeover of state-funded Islamic school - Financial Express

  16-07-2017 15:40
  
  Financial Express
  UK government orders takeover of state-funded Islamic school
  Financial Express
  The UK government has ordered the takeover of one of the country's first state-funded Islamic secondary school after its policies, including the rule to segregate boys and girls in classrooms, were found inadequate. By: PTI | London | Published: July ...en meer »
  
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• Pension planning: Avoid these costly mistakes with your savings

  16-07-2017 15:14 via feedproxy.google.com
  
  MORE than a million Britons have seized on pension freedom reforms to take control of their savings pots, but many are making expensive mistakes as a result.
  
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• Governments have to invest in the fourth industrial revolution | Larry Elliott

  16-07-2017 15:11 via theguardian.com
  
  Despite the unprecedented speed of current breakthroughs investment is weak and money is either stashed away or distributed to shareholdersPrepare for the age of the driverless car and the robot that does the housework. That was the message from the World Economic Forum earlier this year as it hailed the start of a new industrial revolution. According to the WEF, the fourth big structural change in the past 250 years is upon us. The first industrial revolution was about water and steam. The seco
  
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• Jane Austen to star in Bank of England literary links exhibition

  16-07-2017 13:42 via theguardian.com
  
  Exhibition features author’s deposit ledger as well as other writers preoccupied with money including Charles DickensJane Austen is not just the heroine of the new £10 note, to be unveiled on Tuesday on the 200th anniversary of her death, but also the star of an exhibition on the literary connections of the Bank of England.“Jane Austen’s novels are not taken up with chit-chat about bonnets in carriages, as some people who haven’t read them think. She was very well a
  
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• Teen charged in London acid attacks as UK plans crackdown - Financial Post

  16-07-2017 13:28
  
  Financial Post
  Teen charged in London acid attacks as UK plans crackdown
  Financial Post
  This is an image made available by Sarah Cobbold of the scene of an acid attack in London early Thursday July 13, 2017. Police said that five linked acid attacks by men on mopeds in London have left several people injured _ the latest in a spate of ...en meer »
  
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• The credit bubble only seems to blow larger and larger, says HARVEY JONES

  16-07-2017 12:52 via feedproxy.google.com
  
  I SEEM to have spent the last decade warning about rampant consumer borrowing but the credit bubble only seems to blow larger and larger.
  
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• Carney, Austen and the power of persuasion

  16-07-2017 08:00 via theguardian.com
  
  The Bank governor is to unveil the new £10 note, picturing Jane Austen, on Tuesday. Awful lot of tenners in his generous pay package …Although he is a keen sportsman, Bank of England governor Mark Carney may be wise to take some time this weekend to brush up on the classics in advance of the unveiling of the new £10 note in Winchester cathedral on Tuesday.Jane Austen will be the face of the new polymer banknote, and we are told that the governor and other speakers will take qu
  
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• Aramco may be big, but fawning to Saudis diminishes London

  16-07-2017 08:00 via theguardian.com
  
  Giving the state-owned oil firm a premium stock market listing would make a mockery of all the investor protection such a category entailsThere are two ways to run a stock market. The first is to do little more than provide a platform for buyers and sellers to meet. In this lightly policed model, anyone can play. Buyers must look after their own interests and no one can complain too much if the stocks turn out to be duds. The second approach is more demanding. Companies wishing to join such a ma
  
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• GWR struggles to process refunds as customer service gets derailed

  16-07-2017 07:59 via theguardian.com
  
  Strain started showing after Capita won contract to run passenger contact centresI have been trying to get a refund from GWR since February for a Super Off-Peak return ticket. This is refundable, according to the terms and conditions. I applied for the refund the day after ordering the ticket in error – on 1 February 2017 – but it has shown up as “refund pending” for several months.Continue reading...
  
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• Election euphoria won’t last if Labour doesn’t foil Brexit folly

  16-07-2017 07:59 via theguardian.com
  
  Countervailing action is needed now to curtail economic disaster and preserve the enthusiastic support of young votersAt a friend’s wedding celebration on a remote Swedish island last weekend, I kept being approached by baffled Swedes. Their recurring refrain was: why is your country doing this?Sweden is a fellow member of the European Union and, in common with the UK, enjoys “the best of both worlds”. Like us, at the moment, it possesses all the advantages of EU membership, no
  
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• Take from rich mothers to help poor, says maternity pay plan from Tory thinktank

  16-07-2017 01:05 via theguardian.com
  
  Commission urges the government to favour struggling parents and tackle the gender pay gapRich working mothers should have their maternity pay cut in order to fund higher payments to the poorest parents, according to a new commission backed by three former Tory cabinet ministers.The measure is among proposals to improve parental rights drawn up by the Bright Blue thinktank, which champions liberal Conservatism. The plan would change current rules that give high-paid mothers 90% of their weekly s
  
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• Unilever: Household goods giant to report sales growth after takeover battles

  16-07-2017 01:01 via feedproxy.google.com
  
  UNILEVER is on course for strong underlying sales growth of 3 per cent as it seeks to put recent takeover battles behind it.
  
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• Price growth set to slow for June – but analysts predict further inflation this year

  16-07-2017 01:01 via feedproxy.google.com
  
  HARD-pressed consumers and businesses may enjoy some relief this week as analysts predict that recent rapid inflation growth should stabilise.
  
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• Is the Bitcoin bubble about to burst? Traders warn cryptocurrency could CRASH this week

  16-07-2017 01:01 via feedproxy.google.com
  
  TRADERS are warning that Bitcoin could crash this week amid a schism over how the hugely volatile cryptocurrency should operate.
  
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• Gig economy: Financial advice for the self-employed

  16-07-2017 01:01 via feedproxy.google.com
  
  THE NUMBER of self-employed workers has soared in recent years, but while this offers freedom for some it means financial insecurity for many more.
  
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• EasyJet and Wizz Air’s strong passenger numbers drives higher revenues post-Brexit

  16-07-2017 01:01 via feedproxy.google.com
  
  BUDGET airlines easyJet and Wizz Air are set to shake off Brexit turbulence as strong passenger traffic drives higher revenues.
  
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• The cricket pay dispute is a wonderful advertisement for joining a union | Greg Jericho

  16-07-2017 00:42 via theguardian.com
  
  If the players were operating individually, they’d be stuffed – and so are Australian workers in general, if they want higher wage growth At the moment one of the most visible industrial disputes in Australia is occurring between Cricket Australia and its players, represented by the Australian Cricketers Association. And while the issues at stake are complex, among the consequences is the issue of the marketing of players. But regardless of what the dispute might do to the ability fo
  
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