Financial news

• Cadbury staff get relief from inflation with sweet new pay deal

  19-09-2017 18:42 via theguardian.com
  Workers at three sites win inflation-linked pay deal for the next two years, and also get an increase in maternity payWorkers at three Cadbury plants have won an inflation-linked pay deal for the next two years, bringing employees relief from the squeeze on British households amid the rising cost of living.About 1,300 staff at sites in Bournville in the West Midlands – the historical home of the chocolate maker – Chirk, near Wrexham in Wales, and Marlbrook in Herefordshire, voted in
  
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• Why central banks are not hitting their 2% inflation target | Nouriel Roubini

  19-09-2017 15:30 via theguardian.com
  Growth and inflation are out of sync in most developed nations, causing bubbles and crisesSince the summer of 2016, the global economy has been in a period of moderate expansion, with the growth rate accelerating gradually. What has not picked up, at least in the advanced economies, is inflation. The question is why. In the United States, Europe, Japan, and other developed economies, the recent growth acceleration has been driven by an increase in aggregate demand, a result of continued expansio
  
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• Car leasing: how one petrolhead has become 'more wary'

  19-09-2017 14:51 via theguardian.com
  Finance plans offer cars for small monthly payments, but one driver found himself saddled with a £900 bill for minor repairsJames Ahari knows about cars after several years in the insurance industry, much of it spent handling motor policy claims. He is also a self-confessed petrolhead.But he says anyone can track down the best deals on car leasing websites and, like him, spurn owning a car in favour of leasing one. Continue reading...
  
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• What you need to know about car loans

  19-09-2017 14:50 via theguardian.com
  Car firms have given out £41bn of cheap loans to cause a boom in leasing, but obscure clauses may hide the real cost
  There has been a significant increase in the number of new cars on Britain’s streets in the last three to four years, with vehicle registrations increasing to a record high of 2.7m in 2016. Behind the boom is a new finance leasing product – a personal contract plan – that means the driver never owns the car, but only pays a small deposit and interest paymen
  
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• Public inquiry needed into UK's £200bn debt crisis, say senior MPs

  19-09-2017 14:50 via theguardian.com
  Select committee chairs join leading figures voicing concern over impact of debt on households already facing squeezeTell us: what’s your experience of being in debt? The chairs of two powerful parliamentary committees have urged the government to set up an independent public inquiry into the £200bn of debt amassed by households.The call by Rachel Reeves, the Labour chair of the business select committee, and Frank Field, the Labour head of the work and pensions select committee, com
  
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• Car finance: the fast lane to debt?

  19-09-2017 14:50 via theguardian.com
  Dealers are offering low deposits and mobile phone-style contracts that could mean bigger risks for buyers A visit to the car showrooms around north London gives a stark illustration of how British consumers have driven themselves almost £60bn into the red.Seemingly cheap financing deals offer the opportunity to drive away a brand new car less than two weeks from signing on the dotted line. There can be little or no deposit, while monthly payments from as little as £100 can stretch t
  
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• EU to propose stronger monitoring of UK financial firms after Brexit - Reuters

  19-09-2017 14:45
  Reuters
  EU to propose stronger monitoring of UK financial firms after Brexit
  Reuters
  Storm clouds are seen above the Canary Wharf financial district in London on August 3, 2010. REUTERS/Greg Bos. BRUSSELS (Reuters) - The European Commission is set to propose on Wednesday stricter controls of foreign financial firms that do business ...
  UK to diverge from EU on financial services rules after BrexitFinancial Times
  Brexit set to dent UK tech business valuationsFinancial Director
  UK Employers
  
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• Aldi and Lidl increase share of British shoppers as inflation hits spending

  19-09-2017 14:10 via theguardian.com
  German discount chains outpace bigger rivals as they get £1 in every £8 spent in the UKAldi and Lidl account for £1 in every £8 spent in UK supermarkets, with two-thirds of British shoppers visiting the discounters over the past three months. Related: The Guardian view on grocery wars: Lidl Britain | EditorialContinue reading...
  
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• What's your experience of being in debt?

  19-09-2017 10:31 via theguardian.com
  The average UK household now owes £14,000. We’d like you to share your experiences of borrowing
  Britain’s borrowing is worsening as new data shows there are now more than 8.3 million people in the UK with problem debts.
  The debt charity StepChange said the percentage of its clients falling behind on payments went over 40% in the first half of 2017, while the average debt of the people it helps has also risen, from £14,251 in 2016 to £14,367 in the first half of the
  
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• International Trade Secretary Announces Increasing Financial Support for UK ... - AllAfrica.com

  19-09-2017 08:50
  International Trade Secretary Announces Increasing Financial Support for UK ...
  AllAfrica.com
  LONDON, United Kingdom, September 18, 2017,-/African Media Agency(AMA)/- International Trade Secretary, Dr Liam Fox , announced increases in financial trade support for UK businesses to trade with South Africa as he flew out to South Africa and ...en meer »
  
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• Sajid Javid should let councils tackle rogue landlords | Robin Wales & John Healey

  19-09-2017 08:22 via theguardian.com
  In Newham, the council’s licensing scheme for private landlords has uncovered abuses and exploitation. So why isn’t the government interested?Sir Robin Wales is mayor of Newham and John Healey is shadow secretary of state for housingA mother with a baby charged £350 a month in rent for living in a shed, a family with two children charged £700 a month for a property condemned as dangerous, and a former council house overcrowded and cockroach-infested, with tenants being ch
  
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• Watch out for Netflix email scam that looks like the real deal

  19-09-2017 08:00 via theguardian.com
  A link takes you to a fake web page where you are invited to input your bank details – don’tYour readers should be aware of a convincing scam Netflix email that almost caught me out. An email from [email protected] arrived, warning that my Netflix account was on hold because of a problem with my last payment. A link in the email takes users to a fake Netflix page where you are invited to input your bank details. It is realistic and will no doubt catch out a few peop
  
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• UK could lose 10000 financial jobs - Irish Examiner

  19-09-2017 01:20
  Irish Examiner
  UK could lose 10000 financial jobs
  Irish Examiner
  Around 10,000 finance jobs will be shifted out of the UK or created overseas in the next few years if the UK is denied access to the single market, according to a survey of firms employing the bulk of workers in international finance. Frankfurt was by ...
  Factbox: Reuters surveys UK financial services jobs post-BrexitYahoo Finance
  Opposition sees Brexit 'chaos' in UK govt shifts and feudsFinancial Postalle 792 nieuwsartikelen 
  
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• UK House Prices Fall as Economic Growth Halves - Financial Tribune

  19-09-2017 00:05
  Financial Tribune
  UK House Prices Fall as Economic Growth Halves
  Financial Tribune
  T he average UK asking price for a home coming onto the market fell by 1.2% to £310,000 ($420,329) in September. Homeowners typically enjoy an autumn spike in property values, but new data for England and Wales shows that this is the first fall ...en meer »
  
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