Financial news

• UK regulators could enforce minimum interest rate for savers

  25-07-2018 18:53
  Billions of pounds in low-interest accounts are a crucial source of profits for banksBanks could be forced to pay savers a minimum interest rate after City regulators found that longstanding customers in instant access accounts are paid derisory rates because of their apathy about switching providers. The Financial Conduct Authority said a new basic savings rate would be aimed at improving returns for savers, as it admitted that past attempts to improve competition between banks had failed to im
  
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• UK pensioners' income growth outstrips wage rises, figures suggest

  25-07-2018 14:50
  Median disposable income of retired households increased by 1.4%, according to ONSBritain’s pensioners enjoyed a faster rate of growth in their disposable incomes last year than working-age adults after guaranteed state pension increases outstripped wage rises, according to official estimates.The median disposable income for retired households increased by £300 (1.4%) after benefits, taxes and inflation were taken into account, in the year to April, while non-retired households exper
  
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• Can these people convince you that the economy is interesting? – video

  25-07-2018 14:37 via theguardian.com
  Nearly 90% of people feel bored or confused when politicians use jargon to talk about economics, according to the charity Economy, which holds free classes across the country to help take away the barriers to understanding and change how people think Continue reading...
  
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• Ryanair warns of job losses after cutting Dublin fleet

  25-07-2018 11:52 via theguardian.com
  Airline blames strike action as it issues redundancy notices to 300 pilots and cabin crewRyanair has warned of possible job losses for more than 100 pilots and 200 cabin crew as it revealed plans to cut its Dublin-based aircraft fleet by 20%, blaming recent pilot strike action.
  The carrier said it had issued 90-day notices to the staff at risk of losing their jobs and will start redundancy talks. Continue reading...
  
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• Why did JustPark charge me £100 because I couldn’t input a letter ‘O’?

  25-07-2018 08:00
  However much I tried, the voice recognition on its payment app kept coming up with zeroWhen I parked in Brighton Metropolitan College car park the voice recognition system used by its payment app refused to let me input a letter ‘O’ for my registration plate, repeatedly insisting it was a zero. After several attempts I gave up and went with the zero. I’ve now received a £100 penalty. CC, London Continue reading...
  
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