Financial news

• May put on the spot over Brexit: 'How bad can things get?' - video

  26-09-2018 20:09 via theguardian.com
  The question came from Steve Schwarzman of asset management firm Blackstone. He described Brexit as 'a little daunting', and asked May about the risk of a change of government in the UK. May responded by seeking to reassure Schwarzman and a dozens of other business leaders at the venue in New York, where she is for two days for the UN general assembly
  'How bad can things get?' Wall Street chief puts Theresa May on Brexit spot Continue reading...
  
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• Fortune favours brave savers but beware of risks

  26-09-2018 16:23 via feedproxy.google.com
  THERE has been a surge in the number of savers taking out the tax-free Innovative Finance Isa which can offer up to 15 times the return on a cash Isa. Interest in the Innovative Finance Isa has risen fivefold in the last year, in the last year, according to new figures from HM Revenue & Customs, as savers are tempted by rates of between 5 and 15 per cent a year.
  
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• Drive down your premiums

  26-09-2018 16:18 via feedproxy.google.com
  RUNNING a car is expensive at any age but the cost for younger motorists is enough to drive them off the road altogether.
  
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• Mobile phone firms could be forced to switch customer contracts

  26-09-2018 13:55 via theguardian.com
  Regulator wants to stop estimated 4m users being overcharged for handsetsMobile phone companies could be forced to automatically move out-of-contract customers to lower monthly tariffs, under new rules proposed by the telecoms regulator to stop consumers being overcharged for handsets.In the face of increasing pressure to reduce overcharging, Ofcom has called on the big mobile phone operators to be fairer and more transparent with customers who bought their handset on a fixed-term contract that
  
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• Airport parking: Sky high parking costs hit family holidays

  26-09-2018 13:44 via feedproxy.google.com
  HOLIDAYMAKERS are being urged to factor in the cost of airport car parking when booking flights as this can add up to £473 to the cost of a two-week trip. That’s how much you pay to park in London Gatwick’s premium parking, the most expensive in the UK.
  
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• Why did Virgin Mobile take no action about sim-card fraud?

  26-09-2018 08:00 via theguardian.com
  The network is billing us for cards we do not have – to a total of more than £500 so farMy mother-in-law has been charged by Virgin Mobile for sim cards she doesn’t possess. It has been going on since September 2016 – a total of £546. Over two weeks ago I raised this with the company and was advised I would be contacted within five working days. Her bank refunded the full amount under the direct debit guarantee. I never received a call back from Virgin’s fraud
  
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• Customs delays of 30 minutes 'will bankrupt 1 in 10 firms', say bosses

  26-09-2018 01:01 via theguardian.com
  Supply chain chiefs at 1,300 surveyed firms say firms are already stockpiling parts amid fear of no-deal BrexitDelays of only half an hour at UK ports and the Irish border would risk one in 10 British firms going bankrupt, according to a report laying bare the severe risk to the economy from no-deal Brexit.According to the Chartered Institute of Procurement and Supply (CIPS), failure to reach a deal with Brussels before March could trigger massive queues of trucks at British borders from a vast
  
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