Financial news

• Public service providers will have to draw up 'living wills'

  19-11-2018 20:48
  The Cabinet Office proposals set out to limit potential collapse damage post-CarillionCompanies that provide critical public services will have to draw up “living wills”, to prevent taxpayers being saddled with the cost if another major outsourcer such as Carillion collapses, under plans outlined by the government.The Cabinet Office unveiled a series of proposals designed to reform government procurement in the wake of Carillion’s failure, which has cost the taxpayer an estimat
  
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• Bad writing can still keep readers gripped | Brief letters

  19-11-2018 18:43 via theguardian.com
  Andrew Neil | Hadrian’s Wall | Dan Brown | Lady Bracknell | Fall in house pricesI don’t know which is the sadder comment about the BBC – the Trumpian misogynistic 3am tweet about prize-winning reporter Carole Cadwalladr coming from the host of one of the broadcaster’s most high-profile political shows, or that the female BBC journalists who have complained don’t want to be identified because of potential “repercussions” (Senior women at BBC complain to b
  
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• Why central bank digital currencies will destroy bitcoin | Nouriel Roubini

  19-11-2018 15:45
  Central banks should issue their own digital currencies to replace a crisis-prone banking system and shut out cryptocurrenciesThe world’s central bankers have begun to discuss the idea of central bank digital currencies (CBDCs), and now even the International Monetary Fund and its managing director, Christine Lagarde, are talking openly about the pros and cons of the idea.This conversation is past due. Cash is being used less and less, and has nearly disappeared in countries such as Sweden
  
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• Why are there so many cracks in my insurance cover?

  19-11-2018 08:00
  There’s been nothing but delays and stalling from L&G with my subsidence claimWe read a recent article in Money titled “Our house fell apart – but our insurer won’t pay the full amount”, and find we are in an almost identical situation. We made a claim for subsidence with our insurer, Legal & General, back in 2010 and incredibly, eight years on, the problem is unresolved. Our original claim resulted in a cosmetic fix, but the subsidence reoccurred within a c
  
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• Should I remortgage for the final 18 months of my loan?

  19-11-2018 08:00
  I have an interest-only mortgage and I’m a bit concerned in case the rate goes upQ My current fixed-rate mortgage deal ends about 18 months before my mortgage comes to an end in 2022. It’s an interest-only mortgage so the last £40,000 should be paid off by my endowment (it was meant to pay off £65,000 but underperformed so this is their latest prediction, and I am too late to make any claim about that). My bank has told me I can’t take out another deal and will have
  
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• Smart meter installations 'need to hit 30 a minute'

  19-11-2018 07:00 via theguardian.com
  Energy firms set to miss government deadline for rolloutEnergy suppliers need to triple smart meter installation rates to complete a national rollout by 2020, according to the consumer champion Which?Large suppliers would have to install 30 meters every minute, every day, for the next two years, to meet the government deadline. Continue reading...
  
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• UK house prices fall by £5,000 on average, with south sliding fastest

  19-11-2018 01:01
  Biggest November drop since 2012, with former hotspots hit hardest, says Rightmove House prices fell by more than £5,000 on average in November, sliding fastest in Britain’s wealthiest towns as Brexit uncertainty gripped the property market, according to the website Rightmove.In the largest November drop in prices since 2012, Rightmove said the average price of property coming to the market was down by 1.7%, or £5,222, on the month alone. It said the biggest falls were in Londo
  
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• Black Friday will shift sales online and cut pre-Christmas footfall

  19-11-2018 01:01 via theguardian.com
  Although high street will lose out further, online sales rise is slowing, says insight group•Black Friday 2018: all the best deals in one placeBritain’s battered high streets will take another pounding this week with retail experts predicting that the Black Friday phenomenon will push even more shoppers online and slash footfall during the crucial pre-Christmas sales period.The Springboard group, which tracks shopper numbers at 4,500 locations across the UK, said it expects footfall w
  
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