Financial news

• Economic benefits of local buses eclipse unrealistic HS2 target | Larry Elliott

  03-02-2019 12:50
  Improving Birmingham’s buses would boost productivity more than cutting train time to London Here are a few things you probably already know. Britain has a productivity problem. Since the financial crisis, growth in output per worker has barely risen and the gap with other industrial countries is large. London is much more productive than the other big cities.Now here’s something you might not know: a lot of it has to do with buses. Public transport really matters. Continue reading..
  
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• Millennials’ pay still stunted by the 2008 financial crash

  03-02-2019 10:00 via theguardian.com
  People who were in their 20s during the crisis suffered more than any other age groupMillennials who entered the job market during the financial crisis are still suffering “scarring” effects on their earnings as they enter their mid-30s, making it even harder for them to cope with the economic pressures of having a family, a leading thinktank has warned.Their pay has suffered by far the biggest squeeze of any age group since the 2008 crash, according to a study by the Resolution Foun
  
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• Which? calls for action to protect consumer rights as Brexit looms

  03-02-2019 09:00 via theguardian.com
  National bodies needed to take pressure off trading standards offices, says consumer groupThe systems that enforce British consumers’ rights need to be overhauled and a number of new bodies and measures put in place to ensure the public is properly protected at a time when funding has been cut, according to a significant new report.The government is being urged to take the pressure off local authorities, which are administering consumer complaints through trading standards offices, and ins
  
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• Innocent NHS patients are accused of prescription ‘fraud’

  03-02-2019 09:00 via theguardian.com
  Calls are mounting for an overhaul of the system that exempts some from payingThe letter came out of the blue. Headed NHS Business Services Authority (NHSBSA), it accused Charles Brooks* of wrongly claiming a free prescription and demanded the £17.60 charge for his two asthma inhalers plus an £88 penalty. But Brooks had paid.He appealed with a copy of his bank statement to prove he had paid and the demand was dropped. Two months later he received another £88 penalty plus the &p
  
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