Financial news

• Virgin Media customers to lose UKTV's 10 channels in rights row

  19-07-2018 19:42 via theguardian.com
  Dave, Gold and Drama to leave Virgin after dispute with BBC over video on demand rightsVirgin Media’s four million pay-TV customers face being unable to watch UKTV’s 10 channels, which include Dave, Gold and Drama, from Sunday as a dispute over video on demand rights to shows comes to a head.Virgin Media has been locked in negotiations with UKTV, which is jointly owned by the BBC and US giant Discovery, over renewing a deal to carry its TV channel portfolio which includes shows such
  
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• Brussels threatens UK with court action over illegal tax breaks - Financial Times

  19-07-2018 19:21
  Financial Times
  Brussels threatens UK with court action over illegal tax breaks
  Financial Times
  Brussels has warned the UK to end a series of illegal tax breaks or face court action as the EU escalates its complaints against Britain's fiscal arrangements ahead of Brexit. The European Commission on Thursday said it had sent two letters to the UK ...en meer »
  
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• UK MPs under investigation to be given anonymity under new code - Financial Times

  19-07-2018 18:53
  UK MPs under investigation to be given anonymity under new code
  Financial Times
  UK politicians have voted to give anonymity to all MPs under investigation in a move that critics have warned is a “cover up”. The House of Commons has endorsed a new behaviour code to deal with sexual harassment and bullying following a series of ...en meer »
  
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• UK Treasury ready to relax border tax under 'no deal' Brexit - Financial Times

  19-07-2018 18:28
  Financial Times
  UK Treasury ready to relax border tax under 'no deal' Brexit
  Financial Times
  The UK government will instruct officials to relax efforts to collect border taxes if Britain leaves the EU without a withdrawal deal, a junior minister told peers on Thursday. Speaking to a House of Lords subcommittee, Mel Stride, financial secretary ...en meer »
  
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• Don’t worry, a no-deal Brexit won’t be allowed to happen | Simon Jenkins

  19-07-2018 17:48 via theguardian.com
  Even if Britain does leave the EU on WTO rules next March, life will still go on largely as normalNow they are talking car crashes. From Brussels comes Project Fear Mk II, a “preparedness” guide for Europe if there is no deal on Brexit. It is Brussels-speak for a terrorism red alert. It covers such things as passports, air traffic control, financial transfers, military bases, data protection, medicines licensing and all the border clutter we have spent half a century removing. Unlike
  
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• No-deal Brexit would harm EU countries as well as UK, warns IMF

  19-07-2018 16:02 via theguardian.com
  Growth across Europe forecast to fall if UK adopted WTO rules, with Britain worst affectedBritain crashing out of the EU without a deal would inflict significant economic pain across Europe, leaving the region without any winners, the International Monetary Fund has warned. As the new Brexit secretary, Dominic Raab warned Europe to prepare for a no-deal exit, the IMF said such an outcome would hurt the UK most but would also have damaging economic consequences for Ireland and other EU nations.Co
  
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• Decline in UK retail sales sends pound below $1.30 - Financial Times

  19-07-2018 14:28
  Financial Times
  Decline in UK retail sales sends pound below $1.30
  Financial Times
  Retail sales volumes in the UK dropped unexpectedly in June, according to official figures published on Thursday, sending the pound below $1.30 for the first time since September 2017. Sales declined 0.5 per cent month-on-month, after growing 1.4 per ...
  
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• More than 500 Gaucho workers lose jobs as restaurant group folds

  19-07-2018 14:22 via theguardian.com
  Cau will close immediately while 16 Gaucho outlets will still trade as a buyer is soughtMore than 500 restaurant workers have lost their jobs after the Gaucho restaurant group called in administrators. Accountants from Deloitte have been appointed joint administrators at the owner of the Gaucho and Cau chains. Deloitte said that Cau, which has 22 outlets in the UK and employs 540 people, will be closing immediately while 16 Gaucho outlets – the more upmarket brand in the group – will
  
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• No plan for surge in driving permits after no-deal Brexit, say auditors

  19-07-2018 09:45
  Post offices could need to issue up to 7m international driving permits in first yearThe government has no business plan if post offices are forced to issue up to 7m international driving permits in a single year in the event of a no-deal Brexit, Whitehall’s spending watchdog has disclosed.
  A National Audit Office report examining the Department for Transport’s readiness for leaving the EU also expresses concern that plans to manage traffic flow at Dover without a deal are behind sch
  
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• Why can’t I get a refund for my faulty wedding dress?

  19-07-2018 08:00
  First there was a hole in the bodice, then it was the wrong size. But all I get is a credit noteMy daughter is getting married next month and we went to David’s Bridal in Birmingham on 4 November 2017 to choose a dress.When the £1,200 order arrived at the beginning of January we noticed a hole in the bodice. Staff were apologetic and said they would reorder.Continue reading...
  
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• The cashless society is a con – and big finance is behind it | Brett Scott

  19-07-2018 07:00
  Banks are closing ATMs and branches in an attempt to ‘nudge’ users towards digital services – and it’s all for their own benefitI’m living a cash-only life in a tap and-go worldAll over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants everyone to access and navigate the broader internet via its privately controlled search port
  
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• Fast Europe Open: UK retail sales, Unilever earnings - Financial Times

  19-07-2018 07:00
  Fast Europe Open: UK retail sales, Unilever earnings
  Financial Times
  President Donald Trump said on Wednesday he held Vladimir Putin responsible for Russian interference in the 2016 election, in another remarkable twist just two days after he had refused to back his own intelligence agencies over the Russian leader.
  
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• UK trials unmanned systems to supply troops on the front line - Financial Times

  19-07-2018 05:01
  Financial Times
  UK trials unmanned systems to supply troops on the front line
  Financial Times
  An autonomous paraglider invented by a zoology professor who designs drones based on animals has been selected for intensive testing by Britain's armed forces to see if it might provide the answer to a costly and potentially deadly question: how to ...
  
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• I'm living a cash-only life in a tap-and-go world | Brigid Delaney's diary

  19-07-2018 03:04
  When I recently lost my ATM card, I decided not to replace itThe cashless society is a con
  Many years ago I rented the ballroom of a grand old Victorian mansion in a picturesque seaside town.The ballroom had been converted into a flat. In the mansion above lived my landlord – a very rich man, who was said to be one of the inventors of Eftpos, the first electronic card payment system. Continue reading...
  
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• UK's most expensive corporate HQ on Stirling Prize shortlist - Financial Times

  19-07-2018 01:01
  Financial Times
  UK's most expensive corporate HQ on Stirling Prize shortlist
  Financial Times
  A lecture theatre in Oxford and a kindergarten in Cambridge, a prayer hall in a Jewish cemetery, student halls of residence in Roehampton, a gallery in St Ives and the most expensive corporate headquarters in British history make up the intriguing ...en meer »
  
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• UK needs to invest more to raise productivity - Financial Times

  19-07-2018 01:01
  Financial Times
  UK needs to invest more to raise productivity
  Financial Times
  Martin Wolf's relatively warm response to Labour's proposal to mandate the Bank of England to deliver productivity growth shows Labour is tackling the right issues (“ Labour's productivity policy is a work in progress”, July 13). But while the party's ...
  
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• Radical plans to end huge costs of buying a freehold unveiled

  19-07-2018 01:01 via theguardian.com
  Law Commission draws up options enabling leaseholders to extend or buy more cheaply Millions of homeowners caught in the so-called “leasehold trap” may be able to buy their freeholds at a fraction of the price currently demanded by ground rent companies, under radical proposals from the Law Commission.One proposal is for a simple formula where leaseholders will pay just 10 times their current ground rent to convert their property from leasehold to freehold. Continue reading...
  
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