Financial news

• My mis-sold investment nightmare: ‘I thought I’d never get my money back’

  03-04-2019 15:26 via theguardian.com
  James Davenport handed over £110,000 to a finance company broker in 2010, £22,000 of which was wrongly invested. Heidi Scrimgeour reportsWhen James Davenport* took early retirement in 2009, aged 63, he was looking forward to moving to Spain with his wife.The couple were keen to invest their savings wisely but were wary of pension annuities. Davenport, a sales and marketing manager for 32 years, carefully researched his options online. One finance company broker stood out, so he decid
  
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• Flybe cancels dozens of flights because of 'operational issues'

  03-04-2019 15:09 via theguardian.com
  Airline also announces plans to close two bases in Cardiff and Doncaster, putting jobs at riskFlybe has cancelled dozens of flights, blaming “operational issues” including a shortage of pilots, as it told workers it planned to close bases at Cardiff and Doncaster, putting jobs at risk.Birmingham, Newcastle, Southampton, Belfast City, Aberdeen and Edinburgh were among the airports where a total of 32 flights were cancelled on Wednesday morning, affecting more than 1,000 passengers. Mo
  
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• Why the four-day week could help solve Britain’s inequality problem | Aidan Harper

  03-04-2019 10:00 via theguardian.com
  Among all the talk about a shorter working week, its impact on the gender pay gap and income inequality has been neglectedThe four-day week – without a reduction in pay – would drastically improve our economy and our society. That alone is enough for some. However, the four-day week is more than just an innovative business idea bequeathed to us by progressive bosses. It should be seen as a fundamental aim of our economy, one that would directly address a range social justice issues i
  
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• John Lewis fails to deliver on the £10,000 makeover of our lounge

  03-04-2019 08:00 via theguardian.com
  We had saved for years for the redesign of our lounge but we’ve now spent a year without a sofaWe used the John Lewis home design team to help us pick colour schemes, fabrics and furniture for our lounge, having saved for years to redesign it. We commissioned them in early February 2018 and, after a lot of bungling on their part, we managed to persuade them to take our £10,000 order at the end of April! We were then forgotten and our order, which should have been delivered in late Ju
  
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• More than 100 NHS trusts have a worse gender pay gap than a year ago | Anna Bawden and Pamela Duncan

  03-04-2019 07:00 via theguardian.com
  The latest data for the public sector and charities shows that women are still faring badly. Health trusts have the most to doOne year since the first gender pay gap figures were published, women working in the public sector in England are paid even less than their male counterparts. Whereas public bodies reported a median gender pay gap of 14% last year, analysis by the Guardian shows that far from decreasing, it has increased slightly to 14.1%. Related: Gender pay gap widens in the public sect
  
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• Inheritance tax loopholes allowing super-rich to pay lower rates

  03-04-2019 01:01 via theguardian.com
  Analysis shows estates worth £10m or more paid an average of 10% taxThe UK’s super-rich pay half the rate of inheritance tax paid by the merely very rich, according to an analysis of HMRC data that throws fresh focus on how billionaires’ advisers use a “kitbag” of tricks to reduce heirs’ tax bills.Estates worth £10m or more paid an average of 10% tax to the exchequer in the 2015-16 tax year compared with an average 20% tax paid by estates worth £2m
  
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