Financial news

• Will we ever be able to get rid of paper receipts?

  06-11-2018 19:11 via theguardian.com
  Paper accounts of your spending might seem harmless, but they pose an environmental hazard. What should we do?You diligently recycle, you carry a reusable coffee cup and you have sworn off plastic straws. Yet your wallet is stuffed with crumpled scraps of paper recording all manner of recent (and ancient) transactions: the couple of quid at Tesco, the £50 from a cash machine last week, that pricey pair of shoes from a year ago.Every year the UK pumps out 11.2bn paper receipts. What many of
  
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• Bitcoin price news today: How much is bitcoin today - will BTC reach £5,500 this month?

  06-11-2018 18:13 via feedproxy.google.com
  BITCOIN has performed solidly since September, with the cryptocurrency hovering around the £5,000 mark – but can bitcoin surpass September’s high of £5,656 to confirm a major bullish breakout?
  
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• This isn’t pension equality. This is a clear injustice to older women | Anne Perkins

  06-11-2018 17:01 via theguardian.com
  Equality in pension age will not magically deliver equal pay or lifelong earnings power – the new rules entrench unfairnessIt’s gender equality day today, the day when women finally catch up with men; but don’t worry, you haven’t missed the party because there wasn’t one. All it means is that as from this date, 6 November 2018, women and men must both be 65 before they can claim their state pension. Naturally, it is important that women and men be treated equally, e
  
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• Bitcoin price news: Will bitcoin repeat $20,000 HIGH this Christmas? Latest BTC forecast

  06-11-2018 17:00 via feedproxy.google.com
  BITCOIN has lately enjoyed a period of stability, with the cryptocurrency averaging around the £4,969 mark for the last two months. But will bitcoin’s value repeat it's £15,290.50 high this Christmas? 
  
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• Brexit BOOST: Dominic Raab ‘thumbs up’ after CRUNCH meeting causes pound to ROCKET

  06-11-2018 13:56 via feedproxy.google.com
  THE POUND rocketed in value on Tuesday in an apparent response to Dominic Raab giving reporters a “thumbs up” after a crucial Brexit cabinet meeting at Downing Street.
  
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• Asda, Morrisons and Sainsbury’s cut petrol prices by up to 2p a litre

  06-11-2018 13:32 via theguardian.com
  Supermarkets make move after being accused of not passing on wholesale savingsThree supermarkets have announced petrol price cuts of up to 2p a litre.Asda, Morrisons and Sainsbury’s made the move after fuel retailers were accused of not passing on savings from lower wholesale costs. Continue reading...
  
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• Restaurants fail for many reasons – don’t try to pin this on millennials | Ed Cumming

  06-11-2018 12:14
  The problems facing Jamie’s, Byron and GBK include dining apps, diminished quality and oversupply – not ‘fickle diners’Why are so many of Britain’s high-street restaurants closing? According to the Insolvency Service, the number of restaurant closures is up by a third this year. Some 1,123 restaurant companies have gone under since January. Mid-market chains have been the worst affected. This year Byron, Gaucho, Carluccio’s, Gourmet Burger Kitchen, and Jamie&r
  
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• Pound-US dollar exchange rate: GBP/USD traders hold breath ahead of US midterms

  06-11-2018 11:47 via feedproxy.google.com
  The pound is trading at a rate of $1.306 against the US dollar this morning, which is down only slightly against its opening rate. Politics is most definitely in the driving seat today with traders waiting to see what happens in the US midterm elections.
  
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• Energy bills likely to rise next year despite government price cap

  06-11-2018 11:13 via theguardian.com
  Cap will save 11m households about £76, but wholesale cost rises will drive prices upEnergy prices are likely to rise just three months after the government’s price cap takes effect on 1 January, Ofgem has admitted.The energy regulator revealed that the final level of the cap would be £1,137 a year for a typical customer on a default tariff, up by £1.23 on the provisional level it laid out in September. Continue reading...
  
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• The inability to raise tax has become the British political disease | Polly Toynbee

  06-11-2018 07:00 via theguardian.com
  Paying more for public services is the irreducible choice that no politician dare put to the British peopleTelling truth to power in a democracy is quite easy, though power may not listen. But for those holding power in a democracy, telling truths to the people seems to be virtually impossible. The indisputable facts emerging from post-budget analyses are that Britain must either pay considerably more tax, or agree to public cuts more savage than any seen yet. But the parties dare not tell the p
  
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• Rise in women’s state pension age prompts poverty concerns

  06-11-2018 07:00 via theguardian.com
  Accelerated timetable for achieving parity has hit women hard, say campaignersThe state pension age for women will rise to 65 on Tuesday to match men for the first time, reaching a milestone that has prompted warnings from campaigners that the pace of equalisation has left some female retirees facing poverty.The equalisation of the state pension age at 65 is the first step towards a rise to 66 for both sexes in two years (October 2020), and a planned further increase to 67 starting from 2026. An
  
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• Axa added insult to injury with a £600 ‘consequential loss’ bill

  06-11-2018 07:00 via theguardian.com
  I’m still out of pocket for an injury suffered visiting JapanIn June this year I was travelling to Japan. On the way, I suffered a herniated disc and was hospitalised for three weeks. I contacted my travel insurer – Axa – which, cutting a very long story short, agreed to cover treatment and repatriation. For some unclear reason, Axa was unable to organise payment of the hospital bill prior to my discharge and asked me to cover the bill in full, somewhat negating the point of tr
  
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• £600m underspend on tax-free childcare to return to Treasury

  06-11-2018 01:01
  Fury from workers in early years sector as leftover funds reallocated to governmentLabour has accused the government of failing to support hard-pressed families after it emerged that a £600m underspend on its tax-free childcare (TFC) scheme is to be returned to the Treasury.The underspend on the troubled programme was uncovered by Labour analysis of data from the Office for Budget Responsibility (OBR), which showed that spending on TFC is projected to be £600m lower than expected ove
  
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