Financial news

• Restaurants fear Brexit will turn boom to bust

  11-11-2017 21:30 via theguardian.com
  A quarter of the 3 million people in Britain’s hospitality sector are EU nationals. Many are going, with few arriving to replace themIt’s just after lunchtime in the kitchen of Damian Wawrzyniak’s new restaurant on the outskirts of Peterborough and the Polish chef is busy preparing an evening menu reflecting the rich ingredients of his culinary journey: Polish “noodles” from his homeland; beef tatare inspired by a stint at Copenhagen’s Noma restaurant and succ
  
  Read more

• Number of pensioners living in rented homes may treble by 2035

  11-11-2017 20:10
  Increasing numbers of pensioners may be vulnerable to exploitation from rogue landlords, warns Generation Rent Almost 1 million pensioners could be trapped in the private rented sector in 20 years, leaving them vulnerable to exploitation from rogue landlords, according to a renters’ rights campaign group.There are 370,000 pensioner households currently paying rent to private landlords in the UK. Continue reading...
  
  Read more

• Everything you wanted to know about bitcoin but were afraid to ask

  11-11-2017 20:00 via theguardian.com
  The value of cryptocurrencies is rising fast. But is it sustainable? And how does it work, anyway? These questions, and many more, answered…The money has become too much to ignore and so bitcoin and cryptocurrencies are back in the news. You may have heard about Ethereum, a cryptocurrency that has risen in value by more than 2,500% over the course of 2017. Or maybe you’ve heard about one of the many smaller cryptocurrencies that raised hundreds of millions of dollars in th
  
  Read more

• Alas poor chancellor: doomed to do little and please no one

  11-11-2017 18:00 via theguardian.com
  Any bid Philip Hammond makes to raise money for the exchequer is shouted down by backbenchers. The next budget will see him scrabbling for small changePhilip Hammond is trapped in a prison cell of his party’s making. On one side, the chancellor is hemmed in by Tory MPs ready to veto almost any tax-raising measure that could give him some room for manoeuvre. On another there are his own and the Treasury’s conservative rules about what to do about the annual spending deficit, which the
  
  Read more

• Advertisement

• Technology, infrastructure, training … why business is listening to Labour

  11-11-2017 17:00 via theguardian.com
  Jeremy Corbyn went down a storm at last week’s CBI conference, despite talk of nationalisation. With the Tories in disarray, business seems ready to listen to the party’s ideas, and even to contemplate a Labour governmentThe reception for Jeremy Corbyn as he left the stage, after telling the packed conference hall of his plan to nationalise vast tracts of the economy and crack down on tax avoidance, spoke volumes. Yet this wasn’t a Glastonbury-style gathering of Labour supporti
  
  Read more

• Output soars for the fifth straight month as weak pound boosts exports

  11-11-2017 14:53 via feedproxy.google.com
  FACTORIES cranked up output for the fifth straight month in September as the fall in the pound made UK-produced goods more competitive.
  
  Read more

• The bank of Mum and Dad: ‘It’s such a huge amount of money. And guilt’

  11-11-2017 09:00
  The only way many young people can buy a home is by borrowing from family. But is it healthy – and what if parents can’t help out?Your friend has bought a house. You’re in your 20s, or perhaps your early 30s, and because you’re not part of the wealthy elite, this seems unusual. The country is in the midst of a housing crisis that has seen home ownership plummet among younger people. Perhaps you’ve been trying to save, but what with the cost of living and the money y
  
  Read more

• As sliced bread sales fall and costs rise, are UK's leading bakers toast?

  11-11-2017 09:00 via theguardian.com
  The trend to low-carb, gluten-free diets, the fading allure of the lunchtime sarnie and a weaker pound raising costs are a perfect storm for British bakersOne of the UK’s biggest bakers has warned that it is making “unsustainable losses” as Britons’ appetite for bread wanes and costs rise.
  Bread remains one of the most popular items on weekly shopping lists, but the trend for low-carb diets, concerns about gluten and an increase in alternatives to the lunchtime sarnie &nd
  
  Read more

• Advertisement

• The online brokers taking the misery out of mortgages

  11-11-2017 08:00
  A new breed of firms promises to make the process of getting a home loan quicker and slicker. We logged on to check out the claimsThey market themselves as a hassle-free way to get a home loan, where you don’t pay anything to use their services and computers do much of the legwork. So is it time to give a digital mortgage broker a spin?These online firms tend to have quirky one-word names – Trussle and Habito are two of the best known – and typically claim they are able to sear
  
  Read more

• Should I rent a room to work in London but live in the south-west?

  11-11-2017 08:00
  I’m not sure if renting a room Monday-Friday will work at the age of 46 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...
  
  Read more

• Schools ignore personal finance lessons and fail Generation Debt

  11-11-2017 08:00
  A study reveals a ticking time bomb of soaring debt among teenagers. But learning how to handle cash has stalledYoung people are under intense pressure to take out store cards and rack up debt to buy gadgets and appear rich, according to teachers who took part in an in-depth study into what youngsters understand about finance.The study, The Ticking Time Bomb of Generation Debt, also found that education about money has stalled, with many secondary schools side-stepping changes introduced to the
  
  Read more

• Nationwide shows pensions’ future needn’t be a grim one |

  11-11-2017 08:00
  The building society launched a campaign that has boosted contributions and made staff more engaged with its pension schemeBritish pensions, as we reported recently, are among the grimmest in the developed world. The golden generation that retired with guaranteed final salary-style schemes is being replaced with a generation pauperised by cut-price defined contribution schemes that pay out a meagre outcome entirely dependent on how the stock market performs. Yet in a week when the Paradise Paper
  
  Read more

• Monocle: you've seen the magazine – now buy the apartment

  11-11-2017 08:00 via theguardian.com
  Tyler Brûlé’s luxury lifestyle brand plans to launch properties in 10 to 12 cities across the worldYou might have read the magazine, had a nose around the shops and cafes or listened to its 24-hour radio station. Soon – if you’ve got enough money – you’ll be able to buy your own piece of Monocle real estate as the global luxury lifestyle brand prepares to launch up to a dozen apartment buildings across the world.
  Tyler Brûlé, Monocle’
  
  Read more

• Couple scammed out of £57,000 fear being homeless at Christmas

  11-11-2017 08:00
  They are victims of a bank transfer fraud – now one of Britain’s fastest growing crimesA couple in the process of buying a house fear they could be left homeless over Christmas after being tricked into transferring almost £60,000 to fraudsters posing as their conveyancing solicitor.Salim and Olesia (they asked us not to disclose their surname) are the latest people to fall victim to a bank transfer scam – one of Britain’s fastest-growing crimes. Olesia, who is six-m
  
  Read more

Follow @financialnwsUK on Twitter!