Financial news

• Ryanair fails in court attempt to stop 48-hour strike by UK pilots

  21-08-2019 18:34 via theguardian.com
  Airline says it can still run full schedule and passengers are unlikely to be affectedRyanair has failed in a legal effort to prevent a 48-hour strike by British pilots in the run-up to the bank holiday weekend, but claimed passengers were unlikely to be affected because it could still run a full schedule on both days.The Dublin-based carrier had earlier been granted an injunction to stop a separate 48-hour strike by pilots based in Ireland, halting planned action by 180 members of the Irish Air
  
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• Will 30p plastic bags end our habit for good – or is it time for more extreme measures?

  21-08-2019 18:05 via theguardian.com
  Morrisons is trialling a higher charge for single-use bags, but experts says all non-essential plastic must be phased outIt is a fairly hefty price hike, but it could pay off. Morrisons is increasing the price of its plastic bags to 30p, having already upped them to 20p earlier this year. The supermarket is trialling the charge in some of its Welsh stores, with money being “reinvested in plastic reduction programmes”, says a spokeswoman.The 5p charge for single-use plastic bags that
  
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• HS2 delivery company spent £600m buying up properties on route

  21-08-2019 16:49 via theguardian.com
  Comedian John Bishop and PM’s father sold their homes as part of compensation schemeThe comedian John Bishop has been one of HS2’s most outspoken critics – and may presumably be delighted that its future is in doubt – but he has also banked a big profit from the project.Bishop’s Georgian-style country mansion in Cheshire was one of more than 900 residential properties, farms and tracts of land on the route that were bought by the company responsible for delivering t
  
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• UK government borrowing misses targets; historic German bond sale - business live

  21-08-2019 14:36 via theguardian.com
  UK borrowing is rising faster than expected this year, as government spending outpaces incomeLatest: UK surplus weaker than hopedSurplus of £1.3bn in July misses forecast of £2.7bnJuly should be a strong month for tax receiptsUK has borrowed £6bn more this year already 1.36pm BST Technically, the German 30-year bond auction is a failure, as Berlin sold less than half of the debt on offer.On the other hand, if investors are paying for the privilege of lending to you, it’s
  
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• Morrisons moves to end killing of male calves at birth

  21-08-2019 14:34 via theguardian.com
  UK supermarket guarantees market for unwanted offspring of dairy cows on suppliers’ farms that might otherwise be slaughtered immediatelyMorrisons is guaranteeing a market for all male calves born on its dairy suppliers’ farms in a bid to stop them being killed at birth.A Guardian investigation last year revealed an estimated 95,000 male dairy calves were being slaughtered on-farm as farmers couldn’t afford to keep them, in a practice known as the dairy industry’s “
  
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• HS2 could be scrapped as critic gets role in independent review

  21-08-2019 13:55 via theguardian.com
  Government needs clear evidence before going ahead, says transport secretaryThe future of the proposed High Speed 2 rail project has been thrown into further doubt after a major critic of the scheme was appointed deputy chair of a review launched by the government.The transport secretary, Grant Shapps, said on Wednesday the government needed “clear evidence” before deciding whether to go ahead. Continue reading...
  
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• BA chief says Heathrow cannot be trusted on third runway costs

  21-08-2019 13:46 via theguardian.com
  IAG’s Willie Walsh accuses airport bosses of trying to protect ‘massive gravy train’The boss of British Airways’ parent company has claimed Heathrow is “trying to deceive everyone” over the cost of building a third runway.Willie Walsh, the chief executive of IAG, accused airport bosses of being untrustworthy and said they were on a “gravy train”, in an escalation of a war of words between Heathrow and its largest customer. Continue reading...
  
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• When is Universal Credit coming to my area? The latest phase of the roll out is underway

  21-08-2019 13:40 via feedproxy.google.com
  UNIVERSAL CREDIT is replacing six types of legacy benefits. A pilot scheme for the movement of existing claimants onto this system has begun, but when is Universal Credit coming to your area?
  
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• Retired overseas? Rules on when Inheritance Tax must be paid if you don’t live in the UK

  21-08-2019 13:39 via feedproxy.google.com
  INHERITANCE TAX may be required to be paid on a person’s estate upon their death. What happens if the deceased person doesn’t live in the UK?
  
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• What is the cash ISA limit for 2019/20? Allowance on saving in an annual ISA explained

  21-08-2019 13:38 via feedproxy.google.com
  CASH ISAS are a type of savings account which lets a person earn interest on their savings, without paying tax. What is the cash ISA limit for 2019/2020 tax year?
  
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• Advert for gambling app banned for using young footballers

  21-08-2019 13:15 via theguardian.com
  Football Index accepts it broke code by using players under 25 such as Jadon Sancho A Facebook advert for a gambling app featuring young football players including Raheem Sterling, Jadon Sancho and Kylian Mbappé has been banned by the advertising regulator.The Advertising Standards Authority (ASA) upheld a complaint against Football Index, a Jersey-based website that allows users to trade virtual shares in players on a platform modelled on the stock market. Continue reading...
  
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• Ryanair wins high court injunction to stop Irish pilot strikes

  21-08-2019 13:08 via theguardian.com
  Airline still waiting on outcome of attempt to block action by UK pilots before bank holiday
  Ryanair has been granted an injunction to stop a 48-hour strike planned by its Irish-based pilots, as it awaits the outcome of a last-minute court action to prevent its UK-based pilots walking out ahead of the busy bank holiday weekend.The Irish high court granted the injunction, halting strike action planned by 180 Ryanair pilots who are members of the Irish Air Line Pilots’ Association. The court
  
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• Loan Charge 2019: Ministers urged to end tax hunt - are you facing huge backdated bill?

  21-08-2019 12:00 via feedproxy.google.com
  THE LOAN CHARGE was announced in the 2016 Budget, and made any outstanding loans on April 5 2019 taxable income. Now, Iain Duncan Smith has urged Boris Johnson’s government to scrap the charge.
  
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• Thousands of UK rail travellers overcharged for not having a ticket

  21-08-2019 11:13 via theguardian.com
  Eight firms fail to implement fare-dodging rule change introduced in April 2018As many as 10,000 rail travellers have been overcharged after being caught and penalised for not having a valid ticket.The Rail Delivery Group (RDG), the industry body that represents private train operators as well as Network Rail, has admitted that tickets inspectors have overcharged fare-dodgers to the tune of tens of thousands of pounds after rail companies failed to implement a rule change introduced in April 201
  
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• Stamp Duty Land Tax MAPPED: UK locations with biggest SDLT spend - is it where you live?

  21-08-2019 11:01 via feedproxy.google.com
  STAMP DUTY LAND TAX may be payable by a buyer upon the purchase of a property or land. Recently released data highlights where in the UK the most SDLT is being paid.
  
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• Pension contributions: How YOU could build a £56,100 pension pot by age 65 in 20 years

  21-08-2019 10:54 via feedproxy.google.com
  PENSION contributions are something which many people will make during their lifetime, but that’s not to say it’ll be a priority from the start for everyone.
  
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• Bitter leaves: tobacco's devastating global legacy

  21-08-2019 10:00 via theguardian.com
  A new book by Rocco Rorandelli, Bitter Leaves, explores the environmental, health and social impacts of the tobacco cycle, from seed to sale“With a long history of denying the health risks of smoking and second-hand smoke, obscuring the truth about tobacco and deceiving smokers, the tobacco industry has evolved into an inordinately lucrative business,” writes Judith Mackay, in the abridged afterword to Bitter Leaves.“A crop that can be grown in any warm, damp environment, tobac
  
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• Mortgage free: Homeowners reveal how they paid off their mortgage decades early

  21-08-2019 09:37 via feedproxy.google.com
  MORTGAGES can be one of the biggest regular outgoings a person has, should they take out a mortgage in order to purchase land or property. What does mortgage free mean?
  
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• State pension age: How to find out when you’ll get your pension

  21-08-2019 09:24 via feedproxy.google.com
  CHANGES to the State Pension were introduced in 2016 and now there's talk of another pension age hike. So how do you find out when you’ll get your pension?
  
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• G7 and fashion houses join forces to make clothes more sustainable

  21-08-2019 07:00 via theguardian.com
  Climate crisis pushes retailers to reduce their impact on the environmentThere have been few fashion statements over the years at G7 summits (dress code: world leader suit, sensible shoes).But this year, G7 leaders will be joined by more than 20 fashion retailers and brands, including the owner of Gucci, Kering, H&M and Zara’s parent company, Inditex, for a key fashion moment – a global pact to fight the climate crisis and protect biodiversity and the oceans. Continue reading...
  
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• UK tech firms secure record amount of foreign investment

  21-08-2019 01:14 via theguardian.com
  Total of £5.5bn pumped in since January, £3.1bn of it from the US and Asia, says government dataFast-growing UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this year, according to research for the government’s digital economy council.The study for the Department of Digital, Culture, Media and Sport (DCMS) body revealed that the UK has overtaken the US for the amount of investment per capita. Continue reading...
  
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• State pension CRISIS: Nine million Britons 'sleepwalking into retirement' in huge timebomb

  21-08-2019 01:01 via feedproxy.google.com
  MILLIONS of middle-aged Britons are “sleepwalking into retirement” and face a nasty wake-up call unless they start saving for their future.
  
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• Greene King sale isn’t one for pubgoers to drink to

  21-08-2019 01:01 via theguardian.com
  Hong Kong buyer CKA wants the chain’s cheap property portfolio, and pub closures will surely follow
  The number of pubs in Britain has been falling for many years. Changing consumer habits and the availability of cheap supermarket offers has resulted in boarded-up and demolished boozers all over the country.In the short run, therefore, the agreed sale of the pub and beer business Greene King to the Hong Kong property company CKA looks like good news. On closer inspection, it is a classic ca
  
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