Financial news

• Benefit freeze to stay for working people costing typical family £300 a year

  27-11-2017 20:24
  Tories accused of using royal engagement to bury bad news as welfare freeze remains for another 12 months from AprilMillions of people will have their benefits frozen for another 12 months from April in a move that will cost a typical working family with two children about £300 a year.Caroline Dinenage, a work and pensions minister, confirmed that the benefit freeze for working age people will remain in place, while the state pension and some other benefits will increase by the rate of inf
  
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• Mortgages becoming a privilege of the rich | Letters

  27-11-2017 20:03
  Stephanie Lovatt on the plight of young renters and Steve Smart on policy solutionsWhy does nobody address crippling private rent (Nils Pratley, 21 November)? Why is it OK for my daughter and boyfriend to pay someone else’s mortgage by renting and having to share with several other people, only living in a room, sharing a bathroom and small kitchen and no communal area, not being able to afford to rent a place of their own or to get a mortgage, despite both working. If people can afford to
  
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• A welcome antidote to Black Friday’s greed | Brief letters

  27-11-2017 20:03 via theguardian.com
  Giving Tuesday | French insects | Paddington 2 | The Guardian’s values | Dying Swan | Duetting with the deadAlan Machin (Letters, 27 November) is right when he suggests a charitable antidote to Black Friday. #givingtuesday (28 November) provides exactly that – a chance to give something back after the consumerism of the past weekend, and asks people to “do good stuff”. This could be supporting their favourite charity by donating, volunteering time or lending their voice o
  
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• Industrial strategy is welcome, but good intentions are never enough

  27-11-2017 19:48 via theguardian.com
  There’s much to like in the white paper, but credibility and longevity of approach hinges on how government is held to accountHurrah, the UK now has an industrial strategy – or, rather, a strategy that is designed to last longer than the next change of business secretary. We may also have conquered the national hang-up about government intervening to support business. And, on paper, there is now official acknowledgment that the geographically lop-sized state of the UK economy, and ou
  
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• Business leaders urge government to create productivity watchdog

  27-11-2017 19:07 via theguardian.com
  Employers’ groups say it is vital the new industrial strategy is underpinned by a powerful overseer to monitor progressBusiness leaders have warned that the government’s new industrial strategy risks being blown off course unless ministers create a powerful independent watchdog to monitor progress in boosting Britain’s weak productivity.While welcoming a white paper detailing five areas where the UK’s economic performance needs to improve, employers’ groups said it
  
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• Chinese stocks fall to three-month low, but bitcoin and Wall Street hit new highs -as it happened

  27-11-2017 18:44 via theguardian.com
  All the day’s economic and financial news, as the Chinese stock market drops again but cryptocurrencies keep rallyingShanghai share index hits lowest since late AugustBitcoin surges over $9,000Is it just a bubble?UK announcing industrial strategy today 5.44pm GMTUS markets may be hitting new highs but it is a more downbeat picture in Europe.Dollar weakness lifting the euro and the pound has hit the main European markets, while Wall Street is benefiting from the currency movements and inves
  
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• Cyber Monday: the best UK deals in one list

  27-11-2017 18:25 via theguardian.com
  Where to find the UK’s best Cyber Monday online offers, from Amazon to Tesco – including next year’s holidayIt’s another retail milestone on the road to Christmas, and major brands are expecting bumper sales day on Cyber Monday, traditionally seen as one of the busiest online shopping days of the year, with online sales totalling £1.1bn last year.With just 28 days to Christmas, here are some of the best deals in the UK …Continue reading...
  
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• Life is good in Australia – so why don't women feel safe walking home? | Greg Jericho

  27-11-2017 18:00 via theguardian.com
  The OECD Better Life Index has Australia sitting pretty alongside Scandinavia and Canada – but drill a little deeperThe latest release of the OECD’s Better Life Index shows that Australia remains a very wealthy nation with generally good health but that we continue to have a poor work-life balance, despite that being the area we rank most highly. Perhaps worst of all, however, Australian women, more than just about any other nation in the OECD, feel unsafe walking home alone at night
  
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• The Cornish vineyard whose social media sparkles as much as its wine

  27-11-2017 17:16 via theguardian.com
  For Cornwall’s Camel Valley vineyard, there’s nothing like interacting with those who love its award-winning wines. The family-run business shares its secretsOn a vineyard tucked away in the Cornish countryside, winemaker Sam Lindo spends much of his time crushing grapes and checking his fermentation tanks alongside his small team, his parents and his children. When he’s not getting hands-on with the wine making, he hops online to talk to those who enjoy the fruits of his labou
  
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• Will my son get first-time buyer stamp duty relief if we get a joint mortgage?

  27-11-2017 16:07 via theguardian.com
  We don’t know how two buyers of different status affect the applicationQ I own the house I live in and want to help my son buy a flat. If we get a joint mortgage, what rate of stamp duty will apply given that he doesn’t currently have a property? SGA If you get a joint mortgage with your son and become the joint owner of the flat, your son will not be able to claim the first-time buyer’s stamp duty land tax (SDLT) relief announced in last week’s budget, and the higher rat
  
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• Bitcoin nears $10,000 mark as hedge funds plough in

  27-11-2017 16:00 via theguardian.com
  Cryptocurrency now worth seven times an ounce of gold, with market cap higher than IBM, McDonald’s or Disney – but analysts warn of ‘a huge bubble’Bitcoin mining consumes more electricity than IrelandBitcoin has hit a record high after passing $9,000 (£6,700) and is close to reaching five figures as investors in the cryptocurrency shrug off warnings of a bubble.The cryptocurrency rose to an all-time high of $9,721 on Monday. It is now worth more than seven times an
  
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• Clouds are finally starting to lift for easyJet - SHARE HUNTER

  27-11-2017 14:22 via feedproxy.google.com
  MORE planes and flying with more passengers helped Easyjet increase revenues by 8.1 per cent, full year results revealed on Tuesday.
  
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• Financial service sector paid a record £72.1billion in tax contributions last year

  27-11-2017 14:10 via feedproxy.google.com
  THE financial services sector paid its highest tax bill on record last year.
  
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• Millennials will have similar pensions to baby boomers, says report

  27-11-2017 14:00 via theguardian.com
  Analysis by Resolution Foundation offers upbeat forecast of retirement prospects of young adults, though news for men in 40s is grimYoung adults will have retirement incomes similar to today’s pensioners, according to analysis which rejects widespread pessimism about the financial prospects for millennials.Men in their 40s will suffer a fall in their retirement incomes compared with today’s pensioners, but the generation behind them will see their incomes recover, analysis by the Res
  
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• Tax avoidance by big firms is morally wrong, say nine out of 10 in UK

  27-11-2017 13:53 via theguardian.com
  Christian Aid survey also finds 85% of people believe it is too easy for large companies to avoid paying tax in BritainNine out of 10 people believe tax avoidance by large companies is morally wrong, even if technically legal, according to a survey that appears to reflect growing unease in Westminster about the UK’s unwillingness to tackle the issue. The poll of 2,051 adults in the UK, conducted on behalf of Christian Aid after the publication of the Paradise Papers, also found that 85% of
  
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• British aircraft exports hit record £2.4 billion in October

  27-11-2017 12:48 via feedproxy.google.com
  Deliveries of airplanes manufactured in the UK are set to reach a new high this year, as Middle Eastern orders boomed last month.
  
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• Blow to tobacco control treaty as industry wins tax fight in south-east Asia

  27-11-2017 12:30 via theguardian.com
  Industry lobbying in south-east Asia – home to high concentrations of smokers – is thwarting global efforts to fight the health impact of tobacco, says watchdogA global treaty to fight the health impact of tobacco has suffered substantial setbacks in south-east Asia, home to some of the world’s highest concentrations of smokers, a watchdog group has said.The powerful tobacco lobby last year stopped proposed cigarette tax increases in Malaysia and Indonesia, while Vietnam waived
  
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• Pound v Euro: Exchange rate subdued as investors welcome Merkel’s 'grand coalition’

  27-11-2017 12:16 via feedproxy.google.com
  THE pound is struggling to advance against the euro this morning after German Chancellor Angela Merkel’s CDU party voted to pursue coalition talks with the SPD.
  
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• Bitcoin mining consumes more electricity a year than Ireland

  27-11-2017 11:39 via theguardian.com
  Network’s estimated power use also exceeds that of 19 other European countries, consuming more than five times output of continent’s largest windfarmBitcoin’s “mining” network uses more electricity in a year than the whole of Ireland, according to statistics released as the currency broke $9,000 for the first time.According to Digiconomist the estimated power use of the bitcoin network, which is responsible for verifying transactions made with the cryptocurrency, is
  
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• UK announces pharma investment, aims to boost productivity - Financial Post

  27-11-2017 11:10
  UK announces pharma investment, aims to boost productivity
  Financial Post
  LONDON — Two major drugs companies plan new research facilities that will bring 1,750 jobs to Britain, the government said Monday as it unveiled plans to boost the country's sagging productivity after Brexit. U.S. drug-maker Merck, known ...en meer »
  
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• POUND LIVE: May's industrial strategy boosts sterling

  27-11-2017 10:54 via feedproxy.google.com
  Government plans to boost UK industry have sent the pound trading up against both the dollar and euro
  
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• UK financial sector needs favourable Brexit banking deal after ... - The Independent

  27-11-2017 09:58
  The Independent
  UK financial sector needs favourable Brexit banking deal after ...
  The Independent
  Britain's financial services industry paid a record £72.1bn ($96.2bn) in tax during the past fiscal year, PwC said in a report that piles pressure on the Government to secure favourable trading terms for banks after Brexit. Tax revenues in the finance ...
  Financial services pay out record sum in UK taxIndependent.iealle 22 nieuwsartikelen »
  
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• UK financial sector needs favourable Brexit banking deal after paying record ... - The Independent

  27-11-2017 09:58
  The Independent
  UK financial sector needs favourable Brexit banking deal after paying record ...
  The Independent
  Britain's financial services industry paid a record £72.1bn ($96.2bn) in tax during the past fiscal year, PwC said in a report that piles pressure on the Government to secure favourable trading terms for banks after Brexit. Tax revenues in the finance ...
  London to 'REMAIN' a leading financial player despite fears of post-Brexit job ...Express.co.uk
  Financial services pay out r
  
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• Business Breakfast LIVE: Financial services pay out record sum in UK tax - ChronicleLive

  27-11-2017 09:34
  ChronicleLive
  Business Breakfast LIVE: Financial services pay out record sum in UK tax
  ChronicleLive
  I'm Jonathon Manning and I'm running the live blog this week, to bring you updates on all the breaking business news from across the North East and beyond. This live blog covers the latest big stories from the North East business community as well as ...
  
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• Bitcoin Price LIVE: Cryptocurrency soars to record $9,600 - market fears bubble WILL burst

  27-11-2017 08:16 via feedproxy.google.com
  BITCOIN has surged to yet another new record hitting an all-time high of $9,682.10 on Monday morning.
  
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• Brexit: Irish border cannot be settled until trade deal agreed, says Fox

  27-11-2017 08:09 via theguardian.com
  EU has warned trade talks cannot start next month unless agreement is reached, with Ireland unhappy with proposals to dateA final decision on the Northern Irish border cannot be made until a UK-EU trade deal has been agreed, Liam Fox has said, despite warnings from Brussels that trade talks cannot proceed unless an agreement is reached within days.Ireland is seen as the key obstacle to proceeding to negotiations about a future trade relationship with the EU at a December summit, with the Irish g
  
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• I’m being plagued by nuisance calls about an alleged accident

  27-11-2017 08:00 via theguardian.com
  I received four in one day alone, but I haven’t been in any crashesI am continually getting calls – four today – about an alleged car accident that I am supposed to have had. When I question the caller as to the date of the accident they can’t tell me, but aggressively question me about it. I have not been involved in an accident and am getting very fed up. JC, by emailIf it’s any consolation you are not alone, as almost everyone gets these calls from ambulance
  
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• Conservative billionaire Koch brothers give $650m to help Meredith buy Time

  27-11-2017 07:42 via theguardian.com
  Texans will not get a say in editorial decisions, says Meredith, as it hails ‘transformative’ deal to merge magazine stablesTime Inc, struggling owner of some of the world’s most famous magazine brands, was sold on Sunday to rival Meredith Corporation in a “transformative” $1.8bn deal that was backed by the rightwing billionaire Koch brothers.Meredith, which owns a portfolio including Better Homes & Gardens, Family Circle, allrecipes and Shape, will fund the dea
  
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• Major bitcoin SURGE sees cryptocurrency breaking all-time value – but crash fears remain

  27-11-2017 07:17 via feedproxy.google.com
  A MAJOR surge in Bitcoin’s value has seen the cryptocurrency’s worth rapidly increase to an all-time high of $9,671.84.
  
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• White paper to set out industrial strategy in bid to boost UK productivity

  27-11-2017 01:01 via theguardian.com
  Business secretary to announce creation of watchdog to monitor progress of white paper goals as biotech investment revealedThe government is to highlight five key areas where the UK needs to improve its performance when it reveals on Monday the details of a new industrial strategy designed to increase productivity.Greg Clark, the business secretary, will announce the creation of an independent watchdog to monitor progress made in boosting innovation, upgrading infrastructure, increasing the leve
  
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• Property unaffordable for 100,000 households a year in England

  27-11-2017 01:01 via theguardian.com
  Report finds number of households priced out is up by 30,000 a year owing to shortage of affordable homes to rent or buyAlmost 100,000 households in England are being priced out of the property market each year because of a shortage of affordable homes to rent or buy, according to a report.Research by the estate agent Savills, shared with the Guardian, found the number of priced-out households had risen from its previous projection in 2015 of 70,000 a year. This was in part because of a change i
  
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• Family driven to DESPAIR by their car's faulty emergency brake

  27-11-2017 01:01 via feedproxy.google.com
  Braking troubles with a new Volkswagen Tiguan forced a family to take it back repeatedly to the dealer from whom they had bought it.
  
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