Financial news

• Vogue criticised for unpaid internships

  08-02-2018 21:57 via theguardian.com
  ‘Workplace shadowing’ reported to HM Revenue as campaigner says practice deters diversity at fashion magazineInitiative to crack down on unpaid internships launched
  Vogue has been criticised for using unpaid interns in month-long placements despite the new editor Edward Enninful’s commitment to increasing diversity at the fashion journal.The Condé Nast title told one potential applicant that the “workplace shadowing” role would involve “assisting the fa
  
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• Melrose's GKN bid is getting disgracefully little political scrutiny | Nils Pratley

  08-02-2018 20:19 via theguardian.com
  MPs ought to show an interest – GKN is an important UK company and the stakes are highTory MPs only seem to be interested in fighting and plotting over Brexit, but, if they could avert their gaze from Jacob Rees-Mogg temporarily, they’d find that the future of GKN is a subject worth debating. Melrose’s £7bn hostile bid has received disgracefully little political scrutiny.Sir Vince Cable, for the Lib Dems, and a few Labour MPs are doing their best to generate interest, but
  
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• Initiative to crack down on unpaid internships launched in UK

  08-02-2018 19:50
  Exclusive: HMRC issues guidance to employers in bid to close loopholes The government has launched a crackdown on unpaid internships, sending more than 550 warning letters to companies and setting up enforcement teams to tackle repeat offenders.HM Revenue & Customs is expected to target sectors such as media, the performing arts and law and accountancy firms, which have a reputation for using unpaid interns. Continue reading...
  
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• Property guardian firms are a force for good | Letters

  08-02-2018 18:52
  Seven professionals from property guardianship companies say that their sector provides real, affordable alternatives to the private rental marketWe disagree with the assertion that people are forced into being property guardians (Steep rents force thousands to live as ‘guardians’ in shoddy housing, 6 February). In our experience it is far more common for people – from all walks of life – to choose to become property guardians because it is the best option available
  
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• George Soros: financier, philanthropist – and hate figure for the far right

  08-02-2018 18:21 via theguardian.com
  The Jewish billionaire’s backing for a pro-EU group has breathed new life into populist conspiracy theories
  In December last year, an MP from the ruling Fidesz party of hardline Hungarian prime minister Viktor Orbán posted a photograph on Facebook showing a group of people standing next to a slaughtered pig. On the pig’s charred skin were carved the words “O volt a Soros”. The MP denied they referred to the billionaire financier and philanthropist, George Soros. Th
  
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• Manchester United announce financial loss in second quarter - Belfast Telegraph

  08-02-2018 14:47
  Belfast Telegraph
  Manchester United announce financial loss in second quarter
  Belfast Telegraph
  The Red Devils still expect revenues for the fiscal year to be in the region of £580million. Manchester United announced their second quarter results on Thursday. 1 1 Manchester United announced their second quarter results on Thursday. February 8 2018 ...en meer »
  
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• Steep rise in UK self-employment fails to provide financial security, figures show - People Management Magazine

  08-02-2018 14:31
  People Management Magazine
  Steep rise in UK self-employment fails to provide financial security, figures show
  People Management Magazine
  The self-employment labour market has grown exponentially in the last five years but remains financially insecure for its workers, figures from the Office for National Statistics have revealed, in a report charting striking self-employment growth over ...
  
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• Rate rise warning is sign tackling inflation is Bank of England's priority | Larry Elliott

  08-02-2018 14:04 via theguardian.com
  Grounds are being laid to end the flow of easy money sooner than expected
  UK interest rate rise is coming, Bank tells borrowers
  An interest rate rise is coming and it is coming fast. That was the clear message from the Bank of England in a marked shift in its policy stance from supporting growth to tackling inflation.Back in November when Threadneedle Street raised borrowing costs for the first time in a decade it sugared the pill with some doveish language that suggested there would only be two
  
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• UK interest rate rise is coming, Bank of England tells borrowers

  08-02-2018 13:24 via theguardian.com
  Decision to hold rates now came with heavy caveats that a rise is likely in May to tackle inflationRate rise warning is sign tackling inflation is Bank’s priority
  The Bank of England has signalled that an interest rate hike is coming from as early as May and that there are more to come, as the economy accelerates with help from booming global growth. Continue reading...
  
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• Staxter financial app now live in the UK - RealWire (press release)

  08-02-2018 13:02
  Staxter financial app now live in the UK
  RealWire (press release)
  LONDON (Feb 8, 2018) – Staxter, the mobile top-up and airtime credit platform is now available in the UK. Following a successful launch in Germany last month, it can be found at www.staxter.com/en-gb, as well as in the Apple App Store and in the Google ...en meer »
  
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• Treasury Committee pushes ministers to release financial services Brexit paper - AOL UK

  08-02-2018 11:43
  AOL UK
  Treasury Committee pushes ministers to release financial services Brexit paper
  AOL UK
  The Government's refusal to commit to publishing a paper on the financial services industry after Brexit has been condemned by the Treasury Select Committee's chairwoman. Senior Tory Nicky Morgan said "the clock is ticking" for the vital industry and ...en meer »
  
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• ‘I won a discount cruise – but there was no free drink’

  08-02-2018 11:19
  We were told when we booked that drinks were included – but on board they were an extra £988On a trip with Norwegian Cruise Lines, my friend and I won a bingo prize of a $1,000 (£710) discount on any future cruise. We therefore booked a cruise to the Norwegian Fjords, paying a balance of $698.70 (£490). The website states that all fares include free drinks for the duration and a customer services representative confirmed this when I made the reservation.Continue reading..
  
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• The biggest privatisation you’ve never heard of: land | Brett Christophers

  08-02-2018 10:00 via theguardian.com
  Since Margaret Thatcher came to power, 10% of the area of Britain has left public ownership. No wonder there’s a housing crisisOver the past 12 months, the issue of privatisation has surged back into the news and the public consciousness in Britain. Driven by mounting concerns about profiteering and mismanagement at privatised enterprises, Jeremy Corbyn’s Labour party has made the renationalisation of key utilities and the railways a central plank of its agenda for a future Labour ad
  
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• Last orders: Ireland's vanishing 'quirky' shopfronts – in pictures

  08-02-2018 08:30 via theguardian.com
  Graphic designer Trevor Finnegan spent seven years documenting traditional shopfronts throughout Ireland. As out-of-town shopping developments become more common, what emerged is a portrait of local resilienceContinue reading...
  
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• Council tax rises on the way as local authorities try to stay afloat

  08-02-2018 08:10
  95% of councils in England could increase charges in April, while some will cut servicesLocal authorities in England are teetering on the edge of a financial crisis, with most planning to increase council tax from April while continuing to cut services, a survey has found.The annual finance survey from the Local Government Information Unit thinktank (LGIU) comes days after Northamptonshire county council became the first town hall in two decades to declare effective bankruptcy. Severe financial
  
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• UK housing market gets off to subdued start in 2018, estate agents say

  08-02-2018 07:01
  Sellers of £1m-plus homes in London struggled the most to find buyers in January, survey findsBritain’s housing market got off to a subdued start in 2018, with sellers of £1m-plus homes in London finding it toughest to find buyers in January, according to a survey of estate agents.Across the UK as whole, the number of sales, new buyers, and properties coming onto the market all fell in January, the Royal Institution of Chartered Surveyors said. Continue reading...
  
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• UK's financial tech industry sees investment grow by record 150 per cent ... - The Sun

  08-02-2018 02:35
  The Sun
  UK's financial tech industry sees investment grow by record 150 per cent ...
  The Sun
  BRITAIN's booming financial tech industry saw investment soar by a record 150 per cent last year — despite fears a Brexit slump. More than £1.3 billion of new cash was pumped into UK startups like banking apps Transferwise and Monzo. More than £1.3 ...
  
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