Financial news

• Economic cost of Hurricane Irma 'could reach $300bn'

  10-09-2017 19:05 via theguardian.com
  Experts say insurance firms could be liable for up to half that sum after Irma damages homes, businesses and key cropsThe economic cost of Hurricane Irma could rise as high as $300bn (£227bn) as the storm lashes Florida, damaging homes, businesses and key crops including orange groves.Analysts said about $2tn of property lay in the storm’s path, and also pointed to the potential impact on US food prices. Florida is the second-largest produce grower in the US and the world’s sec
  
  Read more

• Tony Blair: we can control immigration without ‘sledgehammer’ of Brexit – video

  10-09-2017 17:48 via theguardian.com
  The former prime minister appears on the BBC’s Andrew Marr Show and makes the case that the UK can control its borders and limit the number of people entering the country without having to leave the EU. Blair has been a vocal opponent of Brexit and told Marr that the issues which led to last year’s vote could be dealt with ‘through domestic legislation’Tony Blair says UK could restrict immigration without BrexitContinue reading...
  
  Read more

• Noel Edmonds says litigation funder will bankroll his £300m battle with Lloyds

  10-09-2017 17:27 via theguardian.com
  TV presenter seeks compensation over scam at group’s HBOS Reading arm, for which two ex-employees were convicted of fraudTelevision presenter Noel Edmonds says deep-pocketed investors are willing to bankroll his £300m compensation battle with Lloyds Banking Group.Edmonds’ legal claim stems from the fraud scandal at the bank’s HBOS Reading arm which affected more than 60 small business owners. In July, the former DJ and children’s TV presenter upped his compensation
  
  Read more

• To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman

  10-09-2017 17:05 via theguardian.com
  The Bank of England enforced a 1% rise on striking staff yet its fantasy forecasts claim a 3% rise for the UK as a whole is just around the corner. Really? How?The Bank of England governor, Mark Carney, needs to look no further than the pay of his own staff to figure out why – when he believes we’re on the verge of a pay boom – most people’s wage rises are stuck in first gear.The Bank swatted aside a dispute last week with low-paid staff that had become so toxic inside Th
  
  Read more

• Advertisement

• Gibraltar official seeks stronger ties with UK post-Brexit - Financial Post

  10-09-2017 17:02
  Gibraltar official seeks stronger ties with UK post-Brexit
  Financial Post
  GIBRALTAR — For the chief minister of Gibraltar, the British territory's post-Brexit future rests on strengthening its ties with the United Kingdom. Chief Minister Fabian Picardo told The Associated Press on Sunday that his goal after Britain leaves ...en meer »
  
  Read more

• UK windfarms cheaper than Hinkley Point, experts claim

  10-09-2017 13:16 via theguardian.com
  Analysts predict sea change in energy policy as falling costs for offshore power will charge UK taxpayer at least 10% less than deal handed to new nuclear plantWindfarms around Britain’s coast will beat the planned nuclear power station Hinkley Point on price when the winning bidders for a £290m-a-year pot of government subsidies are announced on Monday, experts predict.Such a milestone would mark a dramatic cost reduction for a technology that was once far more expensive than atomic
  
  Read more

• There is no Brexit ‘punishment’, apart from the self-inflicted one

  10-09-2017 08:00 via theguardian.com
  Michel Barnier did not say we needed to be taught a lesson. We are not being blackmailed or fined. We are simply unwilling to accept our obligations‘Sometimes you get the impression that the British are talking to themselves,” said the outgoing French ambassador, Sylvie Bermann, on the Today programme last week.There have been suggestions that the French are rubbing their hands and doing their best to lure as much business as they can from the City of London to Paris. Continue readin
  
  Read more

• We got a sinking feeling as Bradford & Bingley cancelled our home insurance

  10-09-2017 07:59 via theguardian.com
  Mid contract, it told us we were now ‘unacceptable’We have paid Bradford & Bingley about £600 a year for our buildings and contents insurance since we bought our little terraced house 12 years ago, and renewed again last April. We then got a call from the insurer out of the blue to say it was discontinuing the cover in nine days because its underwriters, Legal & General, had said it was “unacceptable” to keep insuring us. We think it may be because we made t
  
  Read more

• Advertisement

• The UK is still the largest foreign investor in the US, says HARVEY JONES

  10-09-2017 01:01 via feedproxy.google.com
  IT IS always nice to be popular, as long as it is for the right reasons.
  
  Read more

• Secure smartphone app could replace fraud-prone paper passports

  10-09-2017 01:01 via theguardian.com
  Britain ‘falling behind’ as other countries embrace digital ID documentsPaper passports and driving licences should be torn up and replaced by a digital document that can be stored on a smartphone, a thinktank has said.Handing people a more secure, digital proof of identity would reduce online crime and save money, according to the Social Market Foundation. It points out that other countries have already developed secure ID technology and Britain has “not fully kept up with tec
  
  Read more

• Retirement jargon buster: Understanding the terminology of Pemsions

  10-09-2017 01:01 via feedproxy.google.com
  RETIREMENT planning is one of the most important things you will ever do but many are deterred by confusing rules and impenetrable jargon.
  
  Read more

• Pound forecast: Is sterling prime for a rebound?

  10-09-2017 01:01 via feedproxy.google.com
  THE pound may be set to mount a fightback and reverse the battering it has taken this year.
  
  Read more

• Personal finance: Britons keeping calm and carrying on despite Brexit

  10-09-2017 01:01 via feedproxy.google.com
  THE SOUND and the fury over how Brexit will affect the UK economy seems to get more thunderous by the day.
  
  Read more

• Next facing profit drop as group hit by slowdown in consumer spending

  10-09-2017 01:01 via feedproxy.google.com
  Embattled high-street fashion chain Next is facing a 17 per cent drop in pre-tax profits as it continues to lose market share to rivals.
  
  Read more

• Hurricane Harvey set to bring Ashtead Group a £38million windfall

  10-09-2017 01:01 via feedproxy.google.com
  ASHTEAD GROUP will find itself in the eye of a storm when it reports first-quarter results this Tuesday.
  
  Read more

Follow @financialnwsUK on Twitter!