Financial news

• Subsidy-free renewable energy projects set to soar in UK, analysts say

  20-03-2018 19:00 via theguardian.com
  Falling cost of wind and solar will unlock £20bn of investment, Aurora Energy Research saysThe UK is well on the way to a new era of subsidy-free renewable energy projects that will largely kill off prospects for new gas power stations, according to industry analysts.The falling cost of wind and solar projects combined with advances in battery storage technology will unlock about £20bn of investment in the UK between now and 2030, Aurora Energy Research said. Onshore wind and solar w
  
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• UK drivers to save £35 after new curbs on whiplash claims

  20-03-2018 14:36
  Average car insurance premium to drop as government tackles £1bn-a-year compensation billCar insurance premiums are to fall by £35 a year after the government announced measures to curb the high number of whiplash claims that currently cost UK drivers over £1bn a year. The justice secretary, David Gauke, unveiled plans to introduce the civil liability bill through the House of Lords, which will set out changes to the way that whiplash claims are calculated and paid.Continue rea
  
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• EU may offer UK's 'improved' equivalence for financial services - Business Mirror

  20-03-2018 14:09
  Business Mirror
  EU may offer UK's 'improved' equivalence for financial services
  Business Mirror
  THE European Union (EU) will consider offering the United Kingdom “improved equivalence” for financial services after Brexit, according to the bloc's latest negotiating guidelines, a system Britain has rejected as “wholly inadequate.” The addition to ...
  
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• UK inflation is falling fast – that's good and bad news

  20-03-2018 13:32 via theguardian.com
  Brexit vote-fuelled inflation is washing out of the system but interest rates may still rise as soon as MayInflation is coming down more quickly than the Bank of England expected as the impact of the post-EU referendum fall in the value of sterling washes out of the system. That was the good news from official data showing that the government’s preferred measure of the annual increase in the cost of living dropped from 3% in January to 2.7% in February. Continue reading...
  
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• UK Financial Conduct Authority Announces Redress Scheme For Rent-To-Own ... - Exchange News Direct

  20-03-2018 12:25
  UK Financial Conduct Authority Announces Redress Scheme For Rent-To-Own ...
  Exchange News Direct
  PerfectHome has agreed with the Financial Conduct Authority (FCA) a package of redress totalling over £2.1 million. This will be made up of cash payments and balance write-offs for 37,000 customers. PerfectHome (a trading name of Temple Finance Limited ...en meer »
  
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• Harwood acquires UK-based AE Financial Services - International Investment

  20-03-2018 11:37
  International Investment
  Harwood acquires UK-based AE Financial Services
  International Investment
  Harwood Wealth Management has completed the purchase of AE Financial Services for £4.6m, it was confirmed yesterday. The purchase was confirmed for up to £4.6m plus £1.54m in respect of net cash balances. The acquisition continues Harwood's recent ...
  
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• UK seeking warrant to access Cambridge Analytica servers - Financial Post

  20-03-2018 10:58
  Financial Post
  UK seeking warrant to access Cambridge Analytica servers
  Financial Post
  FILE - In this March 15, 2013, file photo, a Facebook employee walks past a sign at Facebook headquarters in Menlo Park, Calif. The San Jose Mercury News reports Saturday, March 17, 2018 that building permits compiled by Buildzoom show Facebook plans ...en meer »
  
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• UK households get some relief as inflation dips - Financial Post

  20-03-2018 10:46
  UK households get some relief as inflation dips
  Financial Post
  LONDON — Official figures show that inflation in Britain eased markedly in February, a development that will help ease the pressure on households who have seen price rises outstrip wage increases for months. The Office for National Statistics said ...
  
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• EU Eyes Offering `Improved Equivalence' for UK Financial Services After Brexit - Insurance Journal

  20-03-2018 09:27
  Finance News (press release)
  EU Eyes Offering `Improved Equivalence' for UK Financial Services After Brexit
  Insurance Journal
  The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc's latest negotiating guidelines, a system Britain has rejected as “wholly inadequate.” The addition to the draft ...
  EU offers UK 'improved equivalence' for financial servicesgulfnews.com
  EU Offers UK `Improved Equiv
  
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• EU Offers UK 'Improved' Equivalence for Financial Services - Bloomberg

  20-03-2018 08:29
  Bloomberg
  EU Offers UK 'Improved' Equivalence for Financial Services
  Bloomberg
  The European Union will consider offering the U.K. “improved equivalence” for financial services after Brexit, according to the bloc's latest negotiating guidelines, a system Britain has rejected as “wholly inadequate.” The addition to the draft ...
  EU may offer post-Brexit UK 'improved equivalence' for financial servicesThe Nationalalle 5 nieuwsartikelen »
  
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• Service charge: how do I know if the restaurant staff got my tip?

  20-03-2018 08:00 via theguardian.com
  I was told my tip would not go to the restaurant staff. If I’d known I would have paid it in cashIn January I took my family to the German Gymnasium restaurant at King’s Cross, London. The food was good and the service excellent. The bill came to £336.43 including a discretionary 12.5% service charge, which I paid happily. But when I asked a waiter how it was shared, I was told none of it reached the staff, which I found disappointing. I have tried to make contact (by email) wi
  
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• Scrap 'highly regressive' council tax, says thinktank

  20-03-2018 07:01 via theguardian.com
  Resolution Foundation says levy now resembles much maligned poll tax and should be replaced with more progressive system Council tax is an outdated and regressive levy on households that should be scrapped in favour of a progressive levy on property, according to a report by the Resolution Foundation.The thinktank said council tax had become almost flat-rated in some areas to leave it resembling the much maligned poll tax of the early 1990s. Continue reading...
  
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• Consumer watchdog may investigate if Facebook data illegally used in Australian elections

  20-03-2018 02:36
  ACCC’s media inquiry could allow it to examine concerns about harvesting of personal data by firms such as Cambridge AnalyticaThe Australian consumer watchdog could investigate if data analytics companies used harvested Facebook data illegally to affect elections, amid revelations about the firm Cambridge Analytica.The Australian Competition and Consumer Commission (ACCC) is currently examining the impact of search engines and social media on competition in the media and advertising market
  
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• MPs call for 12 weeks of paternity leave to address gender pay gap

  20-03-2018 01:01 via theguardian.com
  Committee recommends laws forcing firms to offer new fathers flexible work patterns and ringfencing their leaveBritain must radically reform parental leave to encourage more fathers to take time off work, or it will never get to grips with the gender pay gap, an influential committee of MPs has recommended.Fathers should get the option of 12 weeks’ paid, “use it or lose it” paternity leave to try and encourage greater male involvement in the young lives of children, the women a
  
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• London pub's Victorian makeover wins Camra design award

  20-03-2018 01:01 via theguardian.com
  Fitzroy Tavern wins Camra’s Pub Design refurbishment award for overhaul that restored many of its original featuresA former coffee house in the heart of London’s Fitzrovia has won a major national pub design award in recognition of its recent transformation back to its original Victorian splendour.The year-long refurbishment of the Fitzroy Tavern was hailed today by The Campaign for Real Ale (Camra) as one of the best pub designs across Britain, which also include the “longest
  
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• UK official to seek access to Cambridge Analytica's servers - Financial Post

  20-03-2018 00:37
  UK official to seek access to Cambridge Analytica's servers
  Financial Post
  LONDON — Britain's information commissioner plans to apply for a warrant to access the servers of Cambridge Analytica, which allegedly used data mined from Facebook to help Donald Trump win the 2016 presidential election. Commissioner Elizabeth Denham ...en meer »
  
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