Financial news

• Government prepares clampdown on fixed-odds betting machines

  02-09-2017 22:30
  Treasury stalling over limits to stakes on terminals that can take £18,000 every hourThe government has signalled that it is preparing to clamp down on fixed odds betting terminals (FOBTs) – the gambling machines described as the “crack cocaine” of the betting world. But the extent to which the machines will be controlled is dividing the Treasury and the Department for Culture, Media and Sport.The move is indicated in a letter, seen by the Observer, from the chancellor, P
  
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• Look under the bonnet and the US economy is in for a rough ride | Phillip Inman

  02-09-2017 18:00
  However confident the Fed is of recovery, there is growing evidence of a slide into outright deflationHurricane Harvey was such a distraction last week that Donald Trump forgot to tweet about his country’s return to 3% GDP growth. When the news came that US second-quarter GDP, when extrapolated over a year, showed the country growing at the fastest rate in the G7, he was busy flying down to Texas to support the relief effort.Trump and his Treasury secretary Steve Mnuchin have promised to d
  
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• The great Saudi sell-off: why bankers and lawyers are flocking to the Gulf

  02-09-2017 17:00
  The kingdom’s privatisation plans dwarf those of Thatcher or even the post-Soviet ‘Wild East’. And they will change the country out of all recognitionDon’t even think about getting the Sunday morning flight from Dubai to Riyadh. The same applies to the Thursday afternoon slots going back.Both – and many in between – are booked solid by investment bankers, corporate lawyers, accountants, consultants and PR advisers who appreciate the weekend comforts of the UAE
  
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• From streaming to selfies – six things Taylor Swift taught the music industry

  02-09-2017 17:00
  The digital revolution has done a lot of damage. But some artists can still see the way forwardTaylor Swift’s music video for her latest single, Look What You Made Me Do, includes a scene where she is shown raiding the bank vault of a music streaming company. Having smashed records on YouTube and Spotify and notched up her first UK number one single, the scene is a telling one. Writing songs that exploit her personal life – from celebrity feuds to the short-lived romance that was Hid
  
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• Britain's growth prospects receive boost as factories increase production

  02-09-2017 15:35 via feedproxy.google.com
  BRITAIN’S growth prospects received a boost as factories increased production at the fastest rate for seven months in August to meet healthy demand from domestic and overseas customers.
  
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• Home Office employee suspended at G4S-run immigration centre

  02-09-2017 15:17
  Nine G4S staff already suspended over claims of abuse and assaults against detainees at Brook House in West SussexA Home Office employee has been suspended after claims of abuse and assaults against detainees at a G4S-run immigration centre.
  G4S said on Friday that nine members of its staff had been suspended pending an investigation into BBC Panorama allegations of “chaos, incompetence and abuse” at the Brook House immigration removal centre near Gatwick airport, in West Sussex. Con
  
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• Letter to my younger self: one day you'll have to take your hands off the wheel

  02-09-2017 10:00
  Being an entrepreneur is not glamorous, says Timo Boldt, founder of Gousto. But you will develop and grow as your company doesDear Timo,Trust me when I say this: all you need right now, aged 26, is a crazy idea that you believe in and that others may one day believe in, too. Oh, and the guts to quit your job, borrow some money and tell your future wife the next few years are going to be hectic. Continue reading...
  
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• Changing demand for talent in UK Financial Services - The HR Director Magazine

  02-09-2017 08:13
  The HR Director Magazine
  Changing demand for talent in UK Financial Services
  The HR Director Magazine
  Campion Willcocks' Market Trends and Salaries report offers unique insight into current needs and changing trends in financial services. The overwhelming majority of requirements are for interim and contractor change resources in the established banks ...
  
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• Why economic forecasting has always been a flawed science

  02-09-2017 08:00 via theguardian.com
  A BBC Radio 4 programme examines why experts often get predictions wrong – and meets the people who get them rightWhile accepting the Nobel prize for economics, Friedrich Hayek made an astonishing admission. Not only were economists unsure about their predictions, he noted, but their tendency to present their findings with the certainty of the language of science was misleading and “may have deplorable effects”.This revelation, made about 40 years ago, is a crucial one and yet
  
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• We want to buy wetsuits but need help

  02-09-2017 08:00 via theguardian.com
  We hired them and were impressed, but know nothing about them. What should we get?Every 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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• How to make studying for a degree work for you

  02-09-2017 08:00 via theguardian.com
  It is possible to earn decent cash while at university in a role that also enhances your job prospects after graduationMost students would like to find enjoyable part-time work that enables them to put the skills they are learning on their course into practice and improve their long-term job prospects. But how do you go about finding one? We talked to four people who used the degrees they were studying to earn money, choosing part-time jobs that also fitted in well with their studies and enhance
  
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• Contactless means your car keys are the debit card of the future

  02-09-2017 08:00 via theguardian.com
  We were slow on the uptake but the technology is spreading everywhere, even your fingernailsFancy a chip attached to your fingernail to let you pay for goods in shops? Or a tattoo on your hand that lets you wave and pay when boarding a bus or train? Or giving your bank a print of your retina, so all that’s needed is a scan of your eye? These are just some of the ideas being studied by Barclaycard and Visa as the contactless spending revolution continues.More immediately, the first car keys
  
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• I’ve given up my dream of home ownership and I’m fine about it

  02-09-2017 07:45 via theguardian.com
  Renting gives me freedom. I love knowing I can up sticks at a moment’s notice and it’s someone else’s problem if the boiler breaks downWhen I was a kid, I thought that owning an urbanesque bachelorette pad by the time I reached my mid-20s was simply a rite of passage. My favourite TV and film heroines Hilary Banks (The Fresh Prince of Bel-Air) and Bridget Jones managed it with creative jobs, so I reckoned I would be all right too.But I am soon to hit 25 and have
  
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• Travel money demand suggests rise in Britons choosing south-east Asia

  02-09-2017 01:01
  Post Office reports jump in demand for Thai baht and Vietnamese dong as pound’s fall against euro makes Europe dearer
  Sterling’s slump since the Brexit vote appears to have led to not just an increase in staycations but a boom in the numbers of UK holidaymakers heading east to destinations such as Thailand, Vietnam and Bali.The Post Office’s travel money arm said the trends it was seeing in demand for currency indicated a surge in trips booked to south-east Asia as UK tourists
  
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