Financial news

• As recession looms, could MMT be the unorthodox solution? | Larry Elliott

  17-03-2019 15:54
  The modern monetary theory debate is welcome in a world laying bare the constraints of conventional policyThe last few months of 2018 saw a real bout of jitters in the financial markets. Growth was slowing everywhere and share prices were in full retreat. There were fears that this was the start of Global Financial Crisis 2.0.In the end, central banks managed to calm things down. The US Federal Reserve abandoned plans for increases in interest rates, the European Central Bank put back the date a
  
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• Banks discriminating against the vulnerable, finance expert says

  17-03-2019 15:48 via theguardian.com
  Minorities and disabled people not protected from high overdraft charges, says former FCA board memberVulnerable members of society, including ethnic minorities and people with disabilities, are being discriminated against by banks, a former board member of the Financial Conduct Authority has said.Mick McAteer, who now runs the Financial Inclusion Centre, says the regulator has failed to protect the people who can least afford it from being charged excessive amounts for unarranged overdrafts. Co
  
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• How to save money on YOUR bills: The shocking rise of your gas, water and electricity bill

  17-03-2019 13:39 via feedproxy.google.com
  HOUSEHOLD bills will soar from April as Britons feel the pinch of increasing energy and local authority bills, amongst others. So what can you do to cut back and save money on your bills?
  
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• Reality check: life behind Insta-glam image of social media ‘influencers’

  17-03-2019 09:00 via theguardian.com
  Online they feature in glossy posts as the epitome of cool. But that is often worlds apart from how they live their livesStanding amid the reeds and staring pensively into the distance, Jordan Bunker looks every part the moody model, dressed head to toe in black – in a direct contrast with the setting. Another image from his portfolio shows him in industrial environs, sporting a minimalist brown trench coat as he looks directly at the camera.However, the reality for the 24-year-old is far
  
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• Hammond could and should have ended his crippling freeze on benefits

  17-03-2019 07:59 via theguardian.com
  Of course Brexit creates uncertainties. But the chancellor has funds available now to fulfil the pledge to end austerityLow-income families will be hit hard in April by government spending cuts and tax rises. Philip Hammond might have considered the double whammy that awaits them when he stood up last week to deliver his spring statement. There was an expectation, especially among some anti-poverty charities, that the chancellor would open his wallet to ease their financial pain following his pr
  
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• One man’s fight exposes the greed that still drives big banks | Kevin McKenna

  17-03-2019 07:05 via theguardian.com
  John Guidi, bankrupted by mis-sold loans, today starts a hunger strike outside the Clydesdale Bank’s headquartersFew other issues seemed to define the essential wickedness at the heart of unrestrained capitalism than the conduct of the banking industry during and after the financial crash of 2008. In the pursuit of riches beyond the imagination of most people, many senior bankers deliberately ruined the lives of millions by selling financial products that they knew had become poisonous. Th
  
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