Financial news

• The labour market is thriving – but rates won't be rising just yet | Larry Elliott

  11-12-2018 14:55
  Despite high employment levels and good pay growth, Brexit uncertainty will weigh heavily on the economy for some timeEmployment is at record levels. Firms are struggling to hire workers. Pay growth is back to levels last seen before the financial crisis of a decade ago. So what does the Bank of England do?In normal circumstances, it would be a no-brainer. Some members of Threadneedle Street’s monetary policy committee would already be voting for an increase in borrowing costs and the City
  
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• George HW Bush was fiscally responsible – unlike Donald Trump | Jeffrey Frankel

  11-12-2018 12:00
  The late president tried to tackle the budget deficit by doing a deal with Democrats to raise taxesWhen George HW Bush was laid to rest last week, the encomiums appropriately remarked on his general decency and competence, which tended to be followed by a “but”. For journalists and historians, it is “but he was only a one-term president”. He lost the 1992 election, in part because of the recession of 1990-91. For his fellow Republicans, however, it is “but he broke
  
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• Barclays lets mobile banking users block gambling and drinking

  11-12-2018 09:18 via theguardian.com
  Button in app could help customers struggling with addiction to limit spending Barclays has become the first high street bank to allow customers to block payments with certain types of retailers in an effort to give people struggling with addictions more control over their spending.The feature will be available from Tuesday for customers using the bank’s mobile app and could help those dealing with gambling problems to cut off their spending in betting shops and on gambling websites. Peopl
  
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• Why is Milk & More insisting I pay in advance?

  11-12-2018 08:00 via theguardian.com
  The delivery service’s payment system means a cheque in a bottle is only optionThe milk delivery service Milk & More is asking us to pay weekly in advance of our orders. We have been with variations of this service (now owned by the German dairy giant Muller) for 63 years but have never been asked to pay this way – that is, before the milk is on the doorstep.On its website, M&M also insists we pay by giving the long number on a debit card. In an informal chat at my bank I was
  
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• North-south economic divide set to narrow as Brexit hits London growth

  11-12-2018 01:01
  Capital no longer growing at a much faster pace than the rest of the UK, report saysSlowing growth in London since the Brexit vote has put the British economy on track to narrow the north-south economic divide over the coming three years, according to a report.The accountancy firm EY, despite warning of a weaker outlook for almost every region through to 2021 amid continuing Brexit uncertainty, said London would no longer continue to grow at a much faster pace than the rest of the country. Conti
  
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• E-receipts from leading retailers 'may break data protection rules'

  11-12-2018 01:01
  Some big high street names include unwanted marketing information, Which? saysSeveral large retailers may be breaking data protection rules with their e-receipts, according to an investigation by the consumer body Which?.Many retailers offer to email receipts to shoppers but the rules in this area were tightened in May when the General Data Protection Regulation (GDPR) came into force. Continue reading...
  
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• Demands on NHS staff rise as EU applicants 'drop off a cliff'

  11-12-2018 01:01
  Hiring pressures at health service intensify to highest level since 2011, poll suggestsThe sharp slowdown in EU migrant workers coming to Britain has pushed the hiring needs of the NHS and the wider public sector to the highest levels in seven years.According to a poll of 2,102 employers across nine different industry sectors by the recruitment firm ManpowerGroup, which is used by the Bank of England as an early indicator for changes in the jobs market, hiring intentions in the public sector wer
  
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