Financial news

• India rupee and Turkey lira WEAKENED as oil prices SOAR off Saudi Arabia news

  12-11-2018 16:43 via feedproxy.google.com
  THE INDIAN rupee and Turkish lira have been dented by a strong US dollar and rising oil prices, as net crude importers bear the brunt of rising costs.
  
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• EU under 'an ILLUSION': Brussels 'NOT prepared' for financial fallout of Italy budget

  12-11-2018 16:22 via feedproxy.google.com
  THE European Union is not prepared for the event of bankruptcy in Italy and is under an “illusion” the bloc can force Rome to comply by Brussels’ rules, according to the President of the Ifo Institute for Economic Research.
  
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• 'Purple Tuesday' to highlight needs of disabled shoppers

  12-11-2018 15:31 via theguardian.com
  Asda, Marks & Spencer and Sainsbury’s among the 700 retailers involved in initiativeSome of the UK’s biggest retailers are taking a break from the frantic buildup to Christmas this week for “Purple Tuesday”, the first national day dedicated to the needs of disabled shoppers.Asda, Marks & Spencer and Sainsbury’s are among more than 700 businesses – after an initial target of only 50 – who had joined the initiative by Monday morning. Companies are
  
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• A Corbyn government, unlike New Labour, would tax the rich properly | Clive Lewis

  12-11-2018 10:00 via theguardian.com
  If we want to create a truly fair tax system, we need to target the top 5%. Our forebears didn’t, the Tories won’t – but we will
  For all the Tory hype, last month’s budget was extraordinarily thin for most people. Austerity is not over, with 3% cuts scheduled for most unprotected departments. Universal credit cuts have not been rolled back. At best, a change to the income tax thresholds largely benefited the better-off, but also meant those on as little as £12,500 w
  
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• Should I give my daughter a loan to buy the home she rents from me?

  12-11-2018 08:00 via theguardian.com
  I won’t need the rental income once I start getting my state pension in six months’ time
  Q I am 64 years old and a homeowner, but I also own a second property worth around £180,000, which I bought with an inheritance. I rent this house for a modest sum to my daughter. She is a mature student who is finishing university this year and hopefully will soon move into full-time employment.I pay no tax at present, but when I reach 65 in six months’ time I will receive my state p
  
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• I’m 86 and my CrossCountry train journey was my worst ever

  12-11-2018 08:00 via theguardian.com
  It was overcrowded and standing passengers were jammed down the aisles Over the last weekend of October, I travelled from Bournemouth to Stoke-on-Trent by CrossCountry trains to visit my grandson at university. Fortunately I had reserved seats as, during both journeys, standing passengers were jammed down the aisles. It was impossible for the refreshment trolley to come through and at least one passenger was unable get off at Birmingham International.The staff apologised, for the overcrowding, a
  
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• Survey of British manufacturing shows slump in confidence

  12-11-2018 01:01
  Finalising Brexit is the ‘single most important action required to restore confidence’Confidence among manufacturing firms has slumped to its lowest level for more than a year, a new study suggests.Research by business advisers BDO LLP indicated a “concerning turnaround” in the fortunes of the sector. Continue reading...
  
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• Deja vu: Sainsbury's Christmas ad smacks of John Lewis campaign

  12-11-2018 01:01
  Both feature school plays and samey straplines, but Sainsbury’s is ‘not worried’When Sainsbury’s signed up the director of the Hollywood hit The Greatest Showman to make its Christmas campaign the grocer probably thought it had the festive season all wrapped up.The only problem is the campaign, which breaks on social media and during ITV’s Coronation Street on Monday, bears an uncanny resemblance to an ad recently put out by the perennial Christmas campaign winner J
  
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