Financial news

• OECD: UK has lowest state pension of any developed country

  05-12-2017 19:50
  British workers receive just 29% of their previous earnings, although private pensions bring figure up to near averageBritain’s workers can look forward to the worst state pension of any major country, according to a report by the developed world’s leading economic thinktank.The Organisation for Economic Cooperation and Development (OECD) study calculated that a typical British worker will at retirement receive a state pension and other benefits worth around 29% of what they had prev
  
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• Driverless car crashes and data theft: law experts predict the court cases of the future

  05-12-2017 18:21 via theguardian.com
  What happens when your smart home locks you out, or a smart thermostat causes a fire? New technologies bring challenges for the law over liability for flawed software, hacked devices and identity theftThe rise of technologies such as driverless cars, the Internet of Things (IoT) and smart cities will result in a proliferation of legal cases to establish who is responsible for automated, intelligent devices, while hackers and fraudsters take advantage of such innovations to find new ways to pry m
  
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• UK Financial Reporting Council seeking feedback on corporate governance ... - Pensions & Investments

  05-12-2017 17:45
  Pensions & Investments
  UK Financial Reporting Council seeking feedback on corporate governance ...
  Pensions & Investments
  The Financial Reporting Council is seeking views on its proposal to revise the corporate governance code, the U.K. regulator promoting corporate governance and reporting to foster investment said in a statement Tuesday. ​. The proposed code aims for ...en meer »
  
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• Big apples: unusual weather produces fruit twice the normal size

  05-12-2017 16:28
  Morrisons supermarket says the apples will be the biggest sold in living memoryA British supermarket is selling supersized Braeburn apples after unusual weather conditions in the spring produced a crop of giants.The latest frost for nearly 20 years in April meant fewer apples grew, with as much as 10% of the country’s Braeburn crop affected. However, farmers were surprised to find that the reduced crop had grown to more than twice the normal size and weight.Continue reading...
  
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• Landowners reap benefits of soaring British land prices

  05-12-2017 15:32
  UK’s net worth rose by £803bn over the course of last year to stand at £9.8tn at the end of 2016, says ONSBritain’s landowners have emerged as the biggest winners from the country’s largest yearly increase in national wealth on record, sitting on assets accounting for more than half of the net worth of nearly £10tn.The UK’s wealth rose by £803bn over the course of last year to stand at £9.8tn at the end of 2016, driven by a sharp increase in
  
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• Six simple tips to future-proof your finances

  05-12-2017 15:30
  If you’ve told yourself you’ll get your money matters in order ‘later down the line’, you could miss out on some serious cash when you’re older. Follow these easy steps for a more secure future According to the American playwright Tennessee Williams, it’s far easier to be young without money than it is to be old without it, and sadly we’d have to agree with him. Setting up your future finances sooner rather than later won’t just help you sleep more
  
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• EU blacklist names 17 tax havens and puts Caymans and Jersey on notice

  05-12-2017 15:16 via theguardian.com
  Brussels identifies 17 countries including South Korea, Barbados, Panama and UAE with 47 others such as the Isle of Man and Bermuda warnedThe EU has named and shamed 17 countries in its first ever tax haven blacklist and put a further 47 on notice, including British overseas territories and the crown dependencies of Jersey, Guernsey and the Isle of Man, in an attempt to clamp down on the estimated £506bn lost to aggressive avoidance every year.The move was hailed as a vital “first st
  
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• UK's Financial Conduct Authority Reveals Next Round Of Successful ... - Exchange News Direct

  05-12-2017 14:49
  UK's Financial Conduct Authority Reveals Next Round Of Successful ...
  Exchange News Direct
  The Financial Conduct Authority (FCA) today unveils the firms that were successful in their applications to begin testing in the third cohort of the sandbox.en meer »
  
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• Make a fast million from bitcoin? My soul is damaged enough already | Julian Baggini

  05-12-2017 14:39
  The lure of cryptocurrency makes me fear the Faustian pact of speculative finance. But the awful truth is we’ve all signed up to it already“If it works, I’ll give you a million quid.” Until recently, I had only heard words like these from the lips of violent mobsters in 70s heist films, uttered in dingy boozers or dark back streets. Recently, however, it was said to me by an unthreatening middle-aged man sitting opposite me in a south London craft coffee shop. The only So
  
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• Financial Reporting Council Triples Its Staff Amid Criticism - PYMNTS.com

  05-12-2017 14:00
  PYMNTS.com
  Financial Reporting Council Triples Its Staff Amid Criticism
  PYMNTS.com
  The U.K. is ramping up oversight of corporate reporting as it expands the size of its Financial Reporting Council (FRC), according to news from The Financial Times on Sunday (Dec. 3). Reports said the U.K.'s FRC has more than tripled the size of its ...
  
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• UK car sales fall for eighth month in a row, with diesel down 30%

  05-12-2017 13:08
  Industry body the SMMT says continuing decline is a ‘major concern’, and blames low business and consumer confidenceUK sales of new cars fell for an eighth consecutive month in November as economic uncertainty and a sharp fall in demand for diesel cars weighed on demand.Sales slumped by 11.2% last month to 163,541 vehicles, putting the industry on course for the first drop in annual sales since 2011. New car sales in the first 11 months of 2017 were down by 5% at 2.39m. Continue read
  
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• 'The worst aspect of privatisation': readers on rail fare increases

  05-12-2017 12:40 via theguardian.com
  We’ve been following your reaction to an announcement UK rail fares will rise by an average of 3.4% in JanuaryRail operators have defended fare rises by saying an average 3.4% increase – the largest for five years – shows the industry was attempting to keep down the cost of travel. Related: Train fares: UK rail passengers face biggest rise for five yearsContinue reading...
  
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• UK scrambles to salvage Brexit deal after Irish border hitch - Financial Post

  05-12-2017 12:27
  Financial Post
  UK scrambles to salvage Brexit deal after Irish border hitch
  Financial Post
  European Commission President Jean-Claude Juncker, right, and British Prime Minister Theresa May address a media conference at EU headquarters in Brussels on Monday, Dec. 4, 2017. British Prime Minister Theresa May and EU Commission President Jean ...
  Patterns in Consumption, Investment Slow UK GrowthFinancial Tribunealle 2.550 nieuwsartikelen »
  
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• IPPro The internet | Brexit could cause major financial impact to UK ... - IPPro The Internet

  05-12-2017 12:07
  IPPro The Internet
  IPPro The internet | Brexit could cause major financial impact to UK ...
  IPPro The Internet
  UK-based trademark lawyers could lose as much as £17 million a year as a direct result of Brexit. The figure comes from a report on Brexit by the Chartered Institute of Trade Mark Attorneys (CITMA), which revealed that the financial impact could be ...en meer »
  
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• Train fares: UK rail passengers face biggest rise for five years

  05-12-2017 10:54 via theguardian.com
  Union says announcement that average ticket prices will increase by 3.4% in January is ‘another kick in the teeth’UK rail fares will rise by 3.4% on January 2 – the largest increase for five years, train companies have announced.Fares for all journeys in 2018 have been published, showing an average rise slightly below the 3.6% set by the government in August for regulated fares, which include season tickets. Continue reading...
  
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• FCA launches probe into Provident Financial firm Moneybarn - AOL UK

  05-12-2017 09:01
  AOL UK
  FCA launches probe into Provident Financial firm Moneybarn
  AOL UK
  The City watchdog has launched an investigation into Moneybarn, a car loans firm controlled by the troubled subprime lender Provident Financial. The Financial Conduct Authority (FCA) probe will focus on processes applied to customer affordability ...en meer »
  
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• Shaftesbury Avenue - the UK's worst illegal parking blackspot

  05-12-2017 09:00 via theguardian.com
  Wardens handed out 5,708 parking tickets worth £400,000 in fines in just three months, nearly double the number than the whole of OxfordMore parking tickets are issued on Shaftesbury Avenue, in the heart of London’s theatre district, than on any other road in the UK, according to a freedom of information request.Theatregoers and shoppers who illegally parked their cars on Shaftesbury Avenue in Westminster picked up 5,708 parking charge notices (PCNs) between July and September 2017,
  
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• London is best for business in Europe

  05-12-2017 08:25 via feedproxy.google.com
  LONDON was yesterday crowned Europe’s top city for business by a respected US think tank.
  
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• POUND LIVE: Sterling dips sharply as May begins Brexit rescue diplomacy mission

  05-12-2017 08:11 via feedproxy.google.com
  THE POUND is falling against the euro and dollar as Prime Minister May begins a day of Brexit diplomacy, hoping to persuade the DUP to curtail their opposition.
  
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• Swinton strikes the wrong note over insuring my musical instruments

  05-12-2017 08:00 via theguardian.com
  For years it had assured me they were covered … now another company tells me they weren’tFor many years I insured my home and contents with Swinton. I am a professional musician and last year it said it could no longer insure me as I have a small amount of business use in my home. My policy included a violin, viola and two bows. I always checked that they were covered for professional use, and was always assured they were. However, when I found a new home insurer I was told tha
  
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• Housebuilders issue Brexit plea as poll shows UK reliance on EU workers

  05-12-2017 07:01 via theguardian.com
  Home Builders Federation says one in six builders are from EU and calls for permit system for skilled workers to build more homes and ease housing crisisMore than one in six people working on housebuilding sites across Britain come from other EU countries, rising to half of site workers in London, according to a new report.A survey of 37,000 housebuilding workers across Britain shows 17.7% are from the EU. More than half of those come from Romania, with 12% from Poland and almost 10% from Irelan
  
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