Financial news

• Supporters of London house price crash are missing bigger picture

  29-08-2018 19:56
  UK’s economic future requires more than one city to boast full gamut of jobs. That takes planningThe warning that property values in London will fall this year and next will bring a smile to many who believe house prices have run out of control in the last 30 years.The added warning of a possible full-blown crash in the capital if Britain leaves the European Union without striking a deal will only turn the smile into a beaming grin. For some it is enough to persuade them that a no-deal Bre
  
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• Supporters of a London house price crash are missing the bigger picture | Phillip Inman

  29-08-2018 19:56 via theguardian.com
  The UK’s economic future requires more than one city to boast full gamut of jobs. That takes planningThe warning that property values in London will fall this year and next will bring a smile to many who believe house prices have run out of control in the last 30 years.The added warning of a possible full-blown crash in the capital if Britain leaves the European Union without striking a deal will only turn the smile into a beaming grin. For some it is enough to persuade them that a no-deal
  
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• UK's wealth rises as land values soar by £450bn in a year

  29-08-2018 19:54
  Land now 51% of UK’s net worth – a huge transfer of wealth to landowners, say campaignersA dramatic rise in land values pushed Britain’s wealth to a fresh high of more than £10tn last year, highlighting the huge gains made by developers in property hotspots across the UK.From London and the home counties to Cambridge and popular parts of Devon and Cornwall, land values have become the single largest element of wealth, dwarfing household wealth locked up in property and fi
  
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• Aston Martin races to become player as global luxury brand

  29-08-2018 19:41
  Now pay attention, the 1%: the car company known for James Bond is building luxury flats and submarinesThe Aston Martin showroom in the heart of London’s Mayfair district features a car, of course. But it is surrounded by an array of other products the company is selling as it positions itself as a luxury brand, not just a sportscar maker.There are Aston Martin branded cashmere stolls (£230), luggage, a picnic hamper (£1,950), briefcases and washbags (£149). The Dover Str
  
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• 'British to our core' Aston Martin brushes off Brexit concerns

  29-08-2018 19:02 via theguardian.com
  As it revs up for London flotation its confidence differs from wider UK car industryAston Martin has brushed off concerns over Brexit after announcing plans to press ahead with a flotation on the London Stock Exchange that could value the luxury carmaker at about £5bn.James Bond’s favourite carmaker said that while it had given detailed consideration to what impact Britain’s departure from the EU might have on business, it did not believe it would pose a major threat to the 105
  
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• Weak economic recovery was down to flawed policies, not secular stagnation | Joseph Stiglitz

  29-08-2018 17:19 via theguardian.com
  Lesson to be learned from 2008 financial crisis is that the challenge was – and is - politicalIn the aftermath of the 2008 financial crisis, some economists argued that the US, and perhaps the global economy, was suffering from “secular stagnation” – an idea first conceived in the aftermath of the Great Depression. Economies had always recovered from downturns, but the Great Depression had lasted an unprecedented length of time. Many believed the economy recovered only be
  
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• The France v Britain scallop war goes much deeper than Brexit with nets | John Lichfield

  29-08-2018 17:00 via theguardian.com
  The Channel clashes dredge up historic and environmental issues – and reverse our usual fury about the ‘pillaging’ of British fishForty French fishing boats attack five British boats in the Channel. Stones and smoke bombs are thrown. Rude words are exchanged in two languages. The British retreat. Related: UK defends scallop boats after clashes with French vesselsContinue reading...
  
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• Plan to change personal injury claim rules 'will penalise victims'

  29-08-2018 16:15
  People who suffer injuries deemed to be worth less than £2,000 will not be able to recover legal costs under changesVictims will find it harder to secure compensation from employers under plans to double the lower limit for recovering costs in minor injury cases, the Ministry of Justice has been warned.The government is to increase what is known as the “small claims limit” from £1,000 to £2,000. Personal injury experts believe the changes could affect as many as 350
  
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• Drawing money: images of Bank print workers go on display

  29-08-2018 15:56 via theguardian.com
  Bank of England staff disliked artist Feliks Topolski’s vivid depictions of them in 1957A set of paintings and drawings of banknote print workers, commissioned by the Bank of England from the Polish artist Feliks Topolski, are to go on public display for the first time more than 60 years after the workers looked in dismay at the vivid images he had captured of them working, chatting, smoking, eating in the canteen or knitting in the sun on a break.“The truth is nobody liked them very
  
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• Amazon suspends reviews of US Open coverage after deluge of complaints

  29-08-2018 14:57
  • Firm slammed amid first exclusive sport broadcast
  • Picture quality and lack of recording option criticisedAmazon has been flooded with so many complaints about its coverage of the US Open it has stopped disgruntled tennis fans from posting more bad reviews. Related: Can Amazon ace it in the brutal arena of live sports broadcasting?Continue reading...
  
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• VEGBRED’S healthy sweet potato loaf is the new staple for smart eaters

  29-08-2018 14:19 via feedproxy.google.com
  IT’S a rich golden loaf that makes a mean sandwich and toast, but in a UK first there’s no wheat in Vegbred, just fresh sweet potato.
  
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• John Lewis and CNG Fuels in LARGEST green gas trial sets new course for HGVs

  29-08-2018 13:37 via feedproxy.google.com
  John Lewis has teamed up with green gas supplier CNG Fuels to launch the UK’s largest ever trial aimed at showing how biomethane, a low carbon alternative to diesel, can slash HGV emissions and costs.
  
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• 'Rent was astronomical': people on why they left London in their 30s

  29-08-2018 13:10
  We asked those who left the capital in their 30s to tell us why they ditched the capital
  The great London escape – why coming back north was the best thing I did | Helen Pidd
  According to a report in June from the Resolution Foundation thinktank, the expensive property prices in London are leading to an exodus of people in their early 30s. Once housing costs are taken into account incomes in London were £21,350, compared to £22,250 across the UK.We hear from some of those who l
  
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• Pound euro exchange rate: GBP climbs after touching 2018 low

  29-08-2018 12:03 via feedproxy.google.com
  THE pound to euro exchange rate rebounded slightly this morning, climbing to around €1.102 after touching a 2018 low of €1.099 on Tuesday.
  
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• Pound US dollar exchange rate: GBP static after Theresa May no-deal Brexit comments

  29-08-2018 11:53 via feedproxy.google.com
  THE pound has held steady against the US dollar today, with a scarcity of UK economic data once again making Brexit the main factor in exchange rate movement.
  
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• British Gas pays out £2.65m for overcharging

  29-08-2018 09:36
  Energy firm incorrectly put customers on higher tariff after they chose to switch supplierEnergy firm British Gas has paid out £2.65m after it overcharged more than 94,000 switching customers and wrongly imposed exit fees on thousands of households.The energy regulator Ofgem said the Centrica-owned British Gas incorrectly moved customers who had decided to switch to another supplier to a more expensive tariff due to “a system error”. These customers were collectively overcharge
  
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• Bitcoin price LIVE: BTC breaches $7k for the first time in 20 days

  29-08-2018 09:35 via feedproxy.google.com
  BITCOIN prices lifted above $7,000 in the early hours of this morning, as prices jump in the upswing. Here are all the latest news and live updates.
  
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• One-in-three chance of London house price crash, says expert poll

  29-08-2018 09:34
  International buyers put off by Brexit uncertainty could drive prices down 1.6% next yearHouse prices in London will fall this year and next, with the possibility of a full-blown crash if Britain leaves the EU without striking a deal, according to a poll of housing market specialists.Prices in the capital are expected to fall by 1.6% this year and 0.1% next year, a quarterly Reuters poll of about 30 analysts found, as the international buyers traditionally attracted by the London property market
  
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• My Ikea hob was a potential hazard – but company did nothing

  29-08-2018 08:00
  I noticed it was on a recall list because of dangerous fumes ... but that was six weeks ago To my surprise, about six weeks ago, I noticed on the Ikea website the kitchen hob I bought from them in 2016 was being recalled. Apparently, some are malfunctioning and emitting dangerous levels of carbon monoxide. Ikea asked me to call the manufacturer. The manufacturer referred me back to Ikea. Multiple times it has refused to arrange a repair and promised callbacks that never happen. I tried to lodge
  
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• Pensions: don't cash out of defined benefits, warns regulator

  29-08-2018 07:54
  Funds offering big buyouts risk their stability while departing members face uncertain incomePension schemes are being warned they may be being too generous when offering cash lump sums to people considering transferring out of their gold-plated deals.A letter sent by the Pensions Regulator to defined benefit (DB) pension schemes suggests that trustees think about whether they should cut the amounts on offer for workers leaving the pension scheme. Continue reading...
  
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• Find the energy to shop around

  29-08-2018 04:19 via feedproxy.google.com
  Britons are being urged to fight back against rising household bills as utility suppliers, broadband and phone companies hit customers with hefty bill increases.
  
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• Growing strain on the bank of mum and dad

  29-08-2018 03:57 via feedproxy.google.com
  PARENTS and grandparents are struggling to keep up with the growing financial demands from younger family members who cannot afford to buy a home or even run a car without help.
  
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• Green with envy for a life in the countryside

  29-08-2018 03:46 via feedproxy.google.com
  A GROWING number of Britons are looking to escape the stress and crime of city living and start a new life in the country.
  
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• Autumn date likely for Aston to thrill investors

  29-08-2018 02:58 via feedproxy.google.com
  ASTON MARTIN is set to press the button on a £5billion stock market listing in one of the City’s most high-profile floats for years.
  
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• VEGBRED’S smart sweet potato loaf is the new staple for healthy eaters

  29-08-2018 01:05 via feedproxy.google.com
  IT’S a rich golden loaf that makes a mean sandwich and toast, but in a UK first there’s no wheat in Vegbred, just fresh sweet potato.
  
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