Financial news

• Council tax must be replaced | Letters

  05-08-2018 18:51 via theguardian.com
  Readers respond to Larry Elliott’s piece about scrapping council tax and replacing it with a fairer, more progressive taxLarry Elliott (Scrap council tax – wealthy homeowners must pay more, 2 August) is absolutely right to argue for replacing council tax with some form of land value tax (LVT). But why stop there? Wealth taxes are harder to avoid, close the gap between rich and poor, and, if income taxes are reduced accordingly, reward both enterprise and modest living. Conversely, so
  
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• Colombia's president sworn in, UK insurance results - Financial Times

  05-08-2018 17:53
  Financial Times
  Colombia's president sworn in, UK insurance results
  Financial Times
  This week we should see whether the boom in Germany's housing market is reflected in a rise in construction activity when the country's closely watched construction purchasing managers' index is released. The eurozone economy is slowing, but Germany's ...
  
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• UK short sellers lose out as retail groups surge - Financial Times

  05-08-2018 15:29
  Financial Times
  UK short sellers lose out as retail groups surge
  Financial Times
  It has been a rotten year for short sellers of UK stocks as the FTSE 100 companies that were most heavily bet against by hedge fund groups this year have emerged as some of the best-performing shares. Shares in Ocado, J Sainsbury, Next, Tesco and ...
  
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• 'Slugs came through the floorboards': what it's like to be a millennial renting in Britain

  05-08-2018 15:00
  Surveillance cameras, kitchen-cupboard toilets and unscrupulous landlords: for millennials looking for affordable rents in the UK’s cities, farcical living conditions are becoming the normIt’s New Year’s Eve. My flatmate and I are standing at the foot of Alexandra Palace in north London, waiting for the fireworks about to illuminate the capital. We are looking forward to a cheerful night, until we both receive a text from our landlord telling us our flat is being sold and we ha
  
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• In another financial crisis we would have far less wiggle room | Larry Elliott

  05-08-2018 11:52
  After the 2008 meltdown, there is limited scope for monetary policy, nations are divided and populism is on the riseNobody really knew it at the time but 10 years ago the world was sitting on the edge of the precipice. It seemed like a normal sleepy August but the calm was illusory. The global financial system was seizing up. The collapse of Lehman Brothers was but a month away.Eventually policy makers finally understood the enormity of what was happening. They responded swiftly and decisively a
  
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• Services and retail power UK pick-up

  05-08-2018 11:17 via feedproxy.google.com
  Britain’s economy has recovered from its slow start to the year, data from the Office For National Statistics is expected to show on Friday. It will say that UK gross domestic product grew by 0.4 per cent during the second quarter, double the rate in the first, which saw economic activity disrupted by the weather.
  
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• UK trade minister says 'no deal' Brexit more likely than not - Financial Post

  05-08-2018 11:03
  UK trade minister says 'no deal' Brexit more likely than not
  Financial Post
  LONDON — Britain's international trade minister says it's likely the U.K. will fail to agree upon a divorce deal with the European Union before it leaves the bloc next March. Trade Secretary Liam Fox told the Sunday Times newspaper that “intransigence ...en meer »
  
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• Are you paying too much for your broadband?

  05-08-2018 09:00
  An estimated 10m customers are overpaying by not changing providers at the end of their dealSlow speeds, rising prices and router failures have long been common gripes of broadband users in the UK. Added to that, it seems likely that millions are being charged too much for their service.A new push for customers to avoid unnecessary price increases was launched by the communications regulator last week when Ofcom proposed providers be compelled to tell people when they were at the end of their mi
  
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• House of Fraser shuns Ashley cash

  05-08-2018 06:16 via feedproxy.google.com
  HOUSE OF FRASER is understood to be reluctant to strike a rescue deal with Sports Direct billionaire Mike Ashley as it believes dealing with him will be too difficult. The troubled department store group is seeking a white knight after its proposed £70million rescue by C.banner, the Chinese owner of Hamley’s, abandoned its deal last week.
  
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• Big drop in transfer spending after deadline change

  05-08-2018 06:05 via feedproxy.google.com
  Premier League football clubs’ summer transfer window spending is set to fall for the first time in eight years, according to Deloitte. The accountancy giant said clubs have so far spent £900million on new players.
  
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• Squeeze on UK energy providers raises fear of shake-out - Financial Times

  05-08-2018 06:02
  Financial Times
  Squeeze on UK energy providers raises fear of shake-out
  Financial Times
  Iresa, one of Britain's independent energy suppliers, finally ran out of power last month. The company, which had regularly offered the cheapest deals and received the most complaints for poor service, stopped trading. Its 90,000 customers have been ...en meer »
  
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• Riba election stokes controversy on diversity in UK architecture - Financial Times

  05-08-2018 05:01
  Financial Times
  Riba election stokes controversy on diversity in UK architecture
  Financial Times
  The Royal Institute of British Architects' presidential election is normally a quiet affair in which a common concern is a lack of turnout. But this year an angry campaign by a Ghanaian-born architect has shaken the 184-year-old professional body ...
  
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• Brexit pessimism eases among UK's biggest companies - Financial Times

  05-08-2018 01:01
  Financial Times
  Brexit pessimism eases among UK's biggest companies
  Financial Times
  The UK's biggest companies have become more optimistic about the impact of Brexit on the UK economy, although they remain gloomy about the country's economic prospects more broadly. The most recent Boardroom Bellwether survey, conducted twice a ...
  
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