Financial news

• Labour’s Leavers have got the wrong idea about the EU | Phillip Inman

  02-03-2019 18:00
  Labour MPs who vote for May’s deal in fear of supposed European neoliberalism could see it backfire on themThere is a widespread view in far-left circles that the European Union ranks among the world’s foremost neoliberal institutions, along with the US Congress and the White House under Donald Trump.Even Remain supporters can be heard at Labour party meetings saying things such as: “The EU is a neoliberal construct, but we should be changing it from the inside, not walking awa
  
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• The sweet smell of success? Big business bets on marijuana boom

  02-03-2019 17:39
  The medical cannabis industry is luring major players, and legal recreational use could bring sky high returns for investorsTo listen to some of the predictions about the future of the cannabis industry, you would think financial analysts had been partaking heavily of the product.The European cannabis market will be worth €123bn (£106bn) by 2028, according to the London-based analysis firm Prohibition Partners. That is more than twice the revenues that Apple reported in the region las
  
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• Unfair share of trainee places is given to white boys, warns report

  02-03-2019 17:00
  Equality body calls for boost to diversity in job training in UKEmployers need to reserve places on apprenticeship schemes for young women, disabled people and ethnic minorities to create a more level playing field, the country’s equality body has said.The government has pledged to create 3 million apprenticeships in England by next year. But almost 90% of apprentices aged 16-24 are white, compared with 82% of the population. Continue reading...
  
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• Is co-living the new Airbnb for millennial nomads?

  02-03-2019 08:45
  Digital nomads in cities around the world are finding a way to live and work on the road My housemates don’t hang around for long in the seven-bedroom loft I’m sharing in Brooklyn, New York. Matthew MacIntosh, a 44-year-old digital copywriter from San Francisco, leaves three days after I arrive on a miserable wet Saturday afternoon in November. Two twentysomething Americans who work in marketing and social media respectively wheel out their suitcases just 48 hours later. There’
  
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• Will these be the worst new ‘rabbit hutch’ flats in Britain?

  02-03-2019 08:30
  A developer plans to squeeze 26 flats into this building, some smaller than a budget hotel roomTwenty-six studio flats measuring as little as 18 sq metres – that’s just under 14ft by 14ft for residents’ entire living, washing and eating space – are set to be crammed into a scruffy two-storey commercial building on an industrial estate. A typical Premier Inn hotel room, by comparison, is 21.3 sq metres.Some of the flats would apparently be windowless, with the only natural
  
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• What can we do with an unwanted swimming pool?

  02-03-2019 08:00
  We’re worried it will turn it into a money pit and wonder if there’s something green we can doEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.We have fallen in love with a house that is perfect for us in every respect bar one – it has a swimming pool. We have never wanted one, and fear it will turn into a money pit. Short of paying to fill it
  
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• 'Universal credit is a nightmare – the stress is overwhelming'

  02-03-2019 08:00
  Jacqueline Widick, 47, on how osteoarthritis has left her struggling to pay her billsName: Jacqueline Widick
  Age: 47
  Income: universal credit of £732 a month
  Occupation: former administratorI’m on universal credit and it’s an absolute nightmare. I applied for it in November when my contract admin role suddenly stopped. Although I had no savings, the Department for Work and Pensions said I made enough money in November and so I didn’t receive any payment until 8 January. I
  
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• Equity Isas: is it time to invest as no-deal Brexit threat fades?

  02-03-2019 08:00
  Uncertainty has made UK shares among the world’s cheapest. Should you take the plunge?
  As the prospects of a no-deal Brexit recede, fund managers are flagging up the big gains that could be made by investing in “historically” cheap mid-sized British companies. Brexit has turned UK companies into the pariahs of the international investment community, their revenues and profits deeply uncertain while a cliff-edge no-deal remains on the table. If a deal finally emerges, could they
  
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• Cash Isas: canny choices could earn you nearly 2%

  02-03-2019 08:00
  There are good rates out there for savers – especially those willing to tie money up for a whileIf you’ve done nothing with your savings in recent years – having assumed banks were paying terrible rates – it’s time to think again as interest rates have been rising to the extent it is now possible to earn 1.9% a year with few strings attached.The end of the funding for lending scheme in 2018 has resulted in a host of new-entrant and challenger banks offering savings
  
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