Financial news

• Liz Truss's plan for tax-free zones condemned by Labour

  01-08-2019 23:30
  Proposal equated to setting up tax havens and money-laundering hubs on British soilLiz Truss, the new trade secretary, will promise to create up to 10 new tax-free zones at ports and airports in a move condemned by Labour as setting up tax havens and money-laundering opportunities along Britain’s coasts.The cabinet minister, a free marketeer whose political hero is former chancellor Nigel Lawson, said the plan for so-called “free ports” could revitalise transport and trade hubs
  
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• POTS & CO: Creme de la creme desserts maker expands in US

  01-08-2019 20:25 via feedproxy.google.com
  PREMIUM handmade puddings producer Pots & Co is to push deeper into the US after securing a £1.2million growth funding package from Lloyds Bank.
  
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• Family days out are the big attraction for parents’ top pick PICNIQ

  01-08-2019 19:45 via feedproxy.google.com
  FAMILY days out and deals specialist Picniq is seeking six-figure external investment to expand services both in the UK and overseas as demand for experiences rises.
  
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• Exclusion of no deal from analysis renders BoE's projections uncertain

  01-08-2019 18:34
  Latest inflation report assumes smooth transition to UK-EU deal, but markets take different viewWhat if Napoleon had won the battle of Waterloo? What if Lord Halifax rather than Churchill had become prime minister in May 1940? To the “what if” history book could soon be added a new chapter – “what if” the UK had exited the EU with a deal in October 2019?That, despite everything that has been happening at Westminster in the past week, remains the assumption of the Ba
  
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• Will Universal Credit affect PIP? What does the new system mean for people getting PIP?

  01-08-2019 16:04 via feedproxy.google.com
  UNIVERSAL CREDIT is replacing six types of existing benefits payments, known as legacy benefits. Will Universal Credit affect PIP?
  
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• Income tax allowance: Some landlords can earn up to £7,500 threshold tax-free - can you?

  01-08-2019 16:04 via feedproxy.google.com
  INCOME TAX is required to be paid on taxable income above a certain threshold. It may be that some people can access a tax-free allowance other to the Personal Allowance.
  
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• Here's how Britain's broken housing system can be fixed in a decade | Joe Beswick

  01-08-2019 16:03 via theguardian.com
  There is no shortage of ideas on how to solve the housing crisis. All that is lacking is the political willNew figures released on Wednesday confirmed what we already knew: homeownership is becoming increasingly out of reach for young people. A survey by Santander found 70% of 18- to 34-year-olds now believe that homeownership is over for their generation. Our housing system has been allowed to degenerate to such an extent that secure and affordable housing is increasingly unavailable to working
  
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• Which life insurance is best for seniors? What whole-of-life and term cover mean

  01-08-2019 16:02 via feedproxy.google.com
  LIFE INSURANCE cover can protect loved ones once a person dies, but should one wish to take out a policy later on life, what life insurance is best for seniors? What do the different types of cover mean?
  
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• Should we worry about the robots and mind-reading apps remaking our world? | Alex Hern

  01-08-2019 13:08
  Technology is spying on us and machines are developing human voices. But it’s not all a weird cyberpunk dystopiaTechnology changes so fast that our lives are radically different from even a decade ago, yet slowly enough that sometimes we don’t even notice the changes.We live in the future, in other words, and sometimes it takes a moment to realise what an odd, and perhaps unsettling, future it is. So I’m going to try laying it out for you in plain English. Continue reading...
  
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• Banking online WARNING: Never get into this habit 'Significantly higher risk of fraud'

  01-08-2019 13:00 via feedproxy.google.com
  ONLINE banking is something which many of us do in the modern day. However, one expert in information security has shared a word of warning for Britons who are using technology to access their finances.
  
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• Pound US Dollar rate: GBP/USD sinks as US Reserve rules out long rate-cutting cycle

  01-08-2019 12:34 via feedproxy.google.com
  The pound US dollar exchange rate fell overnight, leaving the pairing trading around $1.212 after Federal Reserve Chairman, Jerome Powell, took a neutral stance following last night’s rate cut.
  
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• What a no-deal Brexit could mean for the UK in five charts

  01-08-2019 11:14
  As the chancellor announces a further £2.1bn to prepare for a no-deal Brexit, we look again at what crashing out could mean for BritainThe Treasury this week announced a further £2.1bn in to get the country ready; it said the money would be used to “accelerate preparations at the border, support business readiness and ensure the supply of critical medicines.” Continue reading...
  
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• Premium Bonds checker: How to check if you've won August premium bonds - numbers here

  01-08-2019 08:48 via feedproxy.google.com
  THE Premium Bonds August winning numbers are out - find out if you are a winner below by checking your numbers.
  
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• Premium Bonds winning numbers: Did anyone win the August 2019 Premium Bonds draw?

  01-08-2019 08:44 via feedproxy.google.com
  The Premium Bonds winning numbers for the August 2019 draw have been announced. But has anyone won in this month's draw?
  
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• I felt I was blamed by an insurer after my car was stolen

  01-08-2019 08:00 via theguardian.com
  My no-claims bonus was reduced because the theft was regarded as a ‘fault’ claimMy locked car was stolen from my driveway after thieves disassembled the steering wheel shroud, broke the ignition barrel and drove off. Unfortunately, the car did not survive. The culprits were never caught and police closed the case.When I reported it to my insurer, Halifax, it cancelled my policy, cut my nine-year no-claims bonus (the maximum they allow) to three years and insisted on calling this an &
  
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• Severn Bridge services named as worst on England’s motorways

  01-08-2019 01:01
  Visitors criticise ‘grim’ toilets and fly-infested restaurant at services on M48 near Bristol
  A motorway service station overlooking the Severn Bridge has been named the worst in England after visitors criticised its unwelcoming 1960s exterior and “grim and dismal” toilets.Severn View services on the M48 in Gloucestershire – near the village of Aust to the north of Bristol – attracted a customer satisfaction rating of just 72% in a survey of facilities offered
  
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• Pound Euro exchange rate: GBP/EUR flat, UK manufacturing PMI stuck at six year low

  01-08-2019 01:01 via feedproxy.google.com
  The GBP/EUR exchange rate is currently trading in the region of €1.096. On Thursday morning the pound was left flat as UK manufacturing PMI revealed that output in the manufacturing sector was stuck at a six-and-a-half year low.
  
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