Financial news

• Cash ISA 2019 deadline: When is CUT OFF to pay into cash ISA - how much can YOU put in?

  19-03-2019 21:10 via feedproxy.google.com
  THE ISA allowance rates will soon be cut off and Britons are being urged to make full use of the tax-free savings account. So when is the cut off to pay into ISA and how much can you put in?
  
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• Most people want higher taxes on rich to support poor – OECD

  19-03-2019 21:02 via theguardian.com
  ‘Deeply troubling’ survey of 21 countries finds 60% believe they are not getting ‘fair share’A majority of people living in developed countries want their government to increase taxes on the rich in order to help the poorest in society, according to a major global study.In all 21 countries included in the OECD study, more than half of those polled said they were in favour when asked: “Should the government tax the rich more than they currently do in order to support
  
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• Forty-year mortgages: life sentence or life raft?

  19-03-2019 17:40 via theguardian.com
  It can dramatically cut monthly repayments – but there’s one rather big catchNew figures suggest that the traditional 25-year mortgage is becoming a thing of the past. More than half (51%) of those on sale have a standard maximum term of up to 40 years, according to the financial data website Moneyfacts – up from 36% in 2014. But is the 40-year mortgage a nifty way for desperate buyers to get on to the housing ladder – or a financial life sentence?High house prices, escal
  
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• Universal Credit, PIP and ESA assessments MERGING – How it will work EXPLAINED

  19-03-2019 17:11 via feedproxy.google.com
  MILLIONS of people claiming health-related benefits will face a new integrated assessment process designed to reform the benefits system under new proposals from the Government.
  
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• Universal basic income only goes so far – free public services are essential too | Alfie Stirling

  19-03-2019 15:35 via theguardian.com
  Our weekly allowance may sound like UBI-lite, but it is part of a radical programme to transform livesAlmost 37 years ago to the day, during the fiery aftermath of an early Margaret Thatcher budget, the prime minister was allegedly challenged to name just two economists who endorsed her agenda of cutting public spending in the midst of recession – a prescription that was otherwise sending waves through orthodox academic thinking. “Alan Walters, and Professor Patrick Minford,” s
  
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• Walkers crisp packet recycling claims need 'a pinch of salt'

  19-03-2019 14:58 via theguardian.com
  Recycling of 500,000 bags is small fraction of 11m made daily, campaigners say
  Claims by the crisp producer Walkers that it has recycled half a million empty crisp packets in three months should be taken with “a pinch of salt” because they represent 0.01% of plastic waste from the number made and sold annually, analysis has found.The campaign organisation 38 Degrees said Walkers’ production of 11 million crisp packets a day meant its new recycling scheme had only led to a tiny
  
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• UK jobless rate hits 44-year low; markets keep climbing – business live

  19-03-2019 14:28
  Rolling coverage of the latest economic and financial news, including the latest UK unemployment reportLatest: Jobless rate falls to 3.9% in November-JanuaryUnemployment down by 35,000, employment up 222,000Pay up by 3.4%, pushing real wages higherInactivity down, but more people off work sickFirms may be hiring rather than investing 1.28pm GMT The crisis in Britain’s retail sector is claiming another victim - stationary retailer Office Outlet.The company has dropped into administration th
  
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• Office Outlet is latest retailer to go into administration

  19-03-2019 13:51
  Former Staples chain with 90 stores hit by falling stationery sales and high street woesThe stationery chain Office Outlet has collapsed into administration, putting 1,200 UK jobs at risk.The struggling retailer, formerly known as Staples, has 90 stores, predominantly in out-of-town retail parks. Its collapse comes less than a year after its management team resorted to a company voluntary arrangement (CVA) to jettison unwanted stores and slash its rent bill. Continue reading...
  
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• Boeing chief speaks of 'tragic loss' as prosecutors investigate 737 Max planes

  19-03-2019 13:02
  Dennis Muilenburg makes first meaningful remarks on Ethiopia and Indonesia crashes as scrutiny mounts on company
  The chief executive of Boeing on Monday night broke company leadership’s near silence over two recent crashes involving the 737 Max aircraft type, as US federal prosecutors and regulators opened an inquiry into the plane’s development process.Dennis Muilenburg issued statements in writing and via video and said: “The tragic losses of the Ethiopian Airlines and Lion A
  
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• Pound euro exchange rate: GBP firm as UK unemployment hits new 44-year low

  19-03-2019 12:30 via feedproxy.google.com
  THE pound has slipped against the euro, with the pairing currently trading at around €1.168.
  
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• Pound US dollar exchange rate: GBP steadies after John Bercow Brexit bombshell

  19-03-2019 12:24 via feedproxy.google.com
  THE pound is holding steady against the US dollar today and is currently trading around $1.326.
  
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• Tax changes April 2019: The FOUR changes in April YOU should be aware of

  19-03-2019 12:00 via feedproxy.google.com
  TAX CHANGES are coming next month, with millions of people expecting changes to their finances. Here are the five changes you need to be aware of as April approaches.
  
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• Germany CRISIS: German economy growth forecast SLASHED by almost HALF

  19-03-2019 11:18 via feedproxy.google.com
  GERMANY’S economic growth forecast has been slashed by nearly half with forecasters casting a shadow on Europe’s largest economy.
  
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• Boost for Britain! Jobless rate falls to below FOUR PERCENT for first time since 1975

  19-03-2019 10:57 via feedproxy.google.com
  THE UK jobless rate has fallen below 4 percent for the first time since 1975 with record numbers of people in work.
  
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• UK jobless rate hits 44-year low of 3.9% despite Brexit uncertainty - business live

  19-03-2019 10:35
  Rolling coverage of the latest economic and financial news, including the latest UK unemployment reportLatest: Jobless rate falls to 3.9%Introduction: UK jobs report dayPay growth (including bonuses) may have slowedFTSE 100 hits five-month high 9.35am GMT Average earnings are continuing to grow steadily, in the face of Brexit uncertainty.Basic pay in the UK rose by 3.4% in the three months to January, and was 3.5% higher in January alone, according to the Office for National Statistics. That&rsq
  
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• Pound LIVE: GBP Sterling static against euro after TANKING on John Bercow Brexit warning

  19-03-2019 10:14 via feedproxy.google.com
  THE pound is static this morning after tanking off the back of John Bercow announcing Theresa May cannot trigger a fresh vote on her Brexit deal without “substantial” changes.
  
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• My Revolution Beauty makeup hasn’t arrived after three weeks

  19-03-2019 08:00
  The company blames Royal Mail for the delivery delay, but I needed the products urgentlyI recently ordered makeup from Revolution Beauty’s website, having previously bought from Superdrug. They are huge in the beauty industry and supply unusual products. I am training to be a part-time makeup artist and needed the products for a graded assessment that counts towards my qualification. Revolution was aware of this when I placed my order. Three weeks later, I still haven’t received the
  
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• 'It could be terrible for us': how one British high street is preparing for Brexit

  19-03-2019 07:00
  York’s Bishopthorpe Road has gone from strength to strength in recent years. But can its shopkeepers overcome their latest and perhaps greatest challenge?In a tiny, windowless back office, Dan Ebdon is hunched over a computer screen. “I’m trying to find a Victorian-style ash pan,” he says. “But I’m struggling.”His knees are pressed against rolls of black bin liners, the shelves at his elbow hold drums of cable and chain, and hanging overhead are racks of
  
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• MPs call for Viagogo boycott and shake-up of ticket touting laws

  19-03-2019 01:01
  Committee’s report on live music industry also criticises Google for promoting websiteA committee of MPs has taken the highly unusual step of urging consumers to boycott the ticket resale firm Viagogo, criticising Google for promoting the website and calling for a review of laws against ticket touting.In a report on the live music industry, the Digital, Culture, Media and Sport select committee criticised Viagogo for “misleading” consumers, many of whom stumbled upon the site v
  
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