Financial news

• Yes, Wonga has gone, but the money sharks still circle | Stella Creasy

  01-09-2018 20:00
  The campaigner against payday lending says the fight is not yet overSix years ago, Wonga was forced to pay for a debt advice event in my east London constituency after being exposed as behind malicious anonymous attacks on my sanity.At the time, my surgery was full of people in dire financial straits who had taken out payday loans to make ends meet. Wonga’s staff took to the internet to label me “mental” for wanting to cap the costs of credit. As Wonga now experiences what it i
  
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• Tax relief on pensions serves to enrich the wealthy. That must change | Phillip Inman

  01-09-2018 18:11
  Chancellors have fought shy of reforming a system in which higher-rate taxpayers benefit most. But £10bn could be savedPensions tax relief is a juicy morsel for the chancellor should he find a way to make it benefit the exchequer. Even a small slice of the £38bn spent each year subsidising pension saving could help thousands of schools and hundreds of hospitals that would otherwise be starved of cash.A £10bn saving is not outside the bounds of possibility, and that is without e
  
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• Shaken-up Aston Martin hopes to stir investors with a public offering

  01-09-2018 17:00 via theguardian.com
  The revamped supercar maker sees Brexit as an opportunity for growth and plans a flotation next year. But is it too dangerous a mission?Aston Martin embarked on a mission so fraught with difficulty last week that James Bond himself might balk at the prospect.The carmaker wants to sell at least 25% of its shares to City investors, valuing it at about £5bn, before Britain leaves the EU next March. Aston’s plan to float on the London Stock Exchange comes as much of Britain’s auto
  
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• Wellness: just expensive hype, or worth the cost?

  01-09-2018 08:00
  From superfoods to yoga, this £500bn-plus global industry often comes at a high priceExhausted from working 15-hour days running her own marketing agency in London, Jo Miller’s evenings would consist of a cocktail of takeaways, Ubers and impulse purchases. “I’d end up spending £100 at Waitrose, grabbing a takeaway or going out for dinner as I didn’t have the energy to cook. At the train station I’d feel the need to buy something, so I’d end up spen
  
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• Tax on child benefitHow to avoid fallingfoul of income limit

  01-09-2018 08:00
  With a salary above £50,000 triggering a large tax bill, paying more into a pension is one way to avoid getting caught outCongratulations! You’ve had a pay rise, received a bonus or got a new job, taking your earnings above £50,000 for the first time.The bad news, if you have kids, is that you will now be hit by what some have claimed is a “tax on children”. Continue reading...
  
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• Ryanair's new hand luggage rules – and the bags to beat them

  01-09-2018 08:00
  Here’s what passengers need to know, plus five carry-ons that will make the journey
  Ryanair is introducing yet another baggage policy, just months after the last one flopped because it caused plane turnaround times to stall, as wheelie bags piled up on the tarmac. The new rules are tougher and mean passengers will have to pay at least an extra £12 return unless their bag can be pushed under the seat in front. So here is our guide to what the new rules are and the sort of bags that sh
  
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• How should I generate income for my local sports club?

  01-09-2018 08:00
  I am treasurer of a badminton club – we have reserves of £5,000 but want to raise moreEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.I have just been elected as treasurer of our local badminton club, and need some help. We have reserves of £5,000 that need to generate some income, but from where? Can other club treasurers pass on their top t
  
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• How high earners can avoid a tax penalty on child benefit

  01-09-2018 08:00
  With a salary above £50,000 triggering a large tax bill, paying more into a pension is one way to avoid getting caught outCongratulations! You’ve had a pay rise, received a bonus or got a new job, taking your earnings above £50,000 for the first time.The bad news, if you have kids, is that you will now be hit by what some have claimed is a “tax on children”. Continue reading...
  
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• Creditors approve Homebase rescue deal

  01-09-2018 04:26 via feedproxy.google.com
  HOMEBASE has won approval for a rescue deal which will lead to the closure of 42 of its 241 stores, with the loss of up to 1,500 jobs. Nearly 96 per cent of creditors backed an insolvency procedure known as a company voluntary arrangement at a London meeting, without which it could have collapsed into administration.
  
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