Financial news

• Government branded immoral over pensions of UK citizens in EU

  01-09-2019 21:38
  Failure to guarantee link to state pension increases for life condemned by campaignersThe government will not give a lifetime guarantee to index-link the pensions of British nationals who have retired in the EU if there is a no-deal Brexit, a decision that has been described as “immoral” by campaigners.The government currently continually increases the payout of the basic state pension by either 2.5%, average wage growth or by the consumer price index, whichever is higher, on a recip
  
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• UK energy price fears as electricity imports climb to record high

  01-09-2019 19:57
  Reliance on European power would bring extra costs after no-deal Brexit, say expertsThe UK’s reliance on electricity imports has climbed to a record high amid fears that homes and businesses could face higher energy bills if the UK crashes out of Europe.The latest government figures, released just weeks before Britain’s exit from the EU, show that the UK’s net electricity imports reached their highest ever level in the first quarter of this year. Continue reading...
  
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• Regulator approves self-exclusion system for problem gamblers

  01-09-2019 17:43
  All UK online casinos and bookmakers will be told to sign up to Gamstop, it is understoodA system that allows problem gamblers to block themselves from all UK betting websites in one go has finally been approved by the industry regulator, 18 months after it was supposed to be ready, the Guardian understands.All gambling companies will be told to sign up to Gamstop, developed by the trade body for online casinos and bookmakers, as a condition of their licence to operate in the UK. Continue readin
  
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• Oxfam targets 'wow factor' with its first charity superstore

  01-09-2019 16:44
  Outlet in Oxford industrial park, including on-site cafe, is aimed at turning perceptions on their headOxfam is to open its first superstore on the outskirts of Oxford in an experiment aimed at turning perceptions of charity shopping as outdated on their head.On the edge of a sprawling business park off a ringroad to the south-east of the city, a squad of 20-plus staff and volunteers have been busy sorting through new merchandise and donations to stock the shop in readiness for its opening on 7
  
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• Javid greets big moment with more splash-the-cash short-termism

  01-09-2019 15:29
  An end to austerity beckons, but the threat of recession resulting from a no-deal Brexit makes the chancellor’s strategy riskyAs Sajid Javid prepares to deliver his spending round statement this week, Britain is yet again on the brink of another week of Brexit chaos. But in his debut Commons set piece, the chancellor will be looking to make another point to distract from the turmoil to mark a potentially pivotal turning point: the end of austerity.Thanks to the hard work of people in Brita
  
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• US and China begin imposing new tariffs as trade war escalates

  01-09-2019 08:26
  Chinese exports worth $125bn will face new taxes from 1 September, while China places levy on oil as agreement becomes more distant China and the United States have begun imposing additional tariffs on each other’s goods in the latest escalation of their bruising trade war that has sent shockwaves through the global economy.A new round of tariffs took effect from 0401 GMT on Sunday, with Beijing’s levy of 5% on US crude oil marking the first time the fuel has been targeted since the
  
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• Are 15-year fixed-rate mortgages a price worth paying for security?

  01-09-2019 08:00
  They last appeared during the financial crisis and as turbulence again looms, they’re backWith the value of sterling a fraction of what it was three years ago, the threat of post-Brexit food shortages and the prospect of a recession looming, British households could be forgiven for seeking some sense of calm and consistency in their finances.For many, that may come in the form of knowing how much they will have to pay to keep a roof over their head, no matter what happens to interest rates
  
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• FTSE exit beckons for M&S as retail sector readies for Brexit

  01-09-2019 07:59
  The high street stalwart prepares to leave the index for first time in 35 years, while UK shoppers get no-deal jittersMarks & Spencer will almost certainly drop out of the FTSE 100 this week, ending the retailer’s non-stop presence since the index of leading shares was launched 35 years ago. In a sign of the times, the 135-year-old mainstay of the British high street is likely to be replaced by Polymetal International, a Russia-based miner.M&S is in the middle of yet another overha
  
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• Britain’s carmakers need parts, not patriotism. Brexit looks grim for them

  01-09-2019 07:59
  As the prospect of no deal looms, even the promises of aid offered by the May government seem a distant memoryWhen the prime minister sweeps in and out of Downing Street in his chauffeur-driven Jaguar XJ Sentinel limousine, it is meant to deliver a powerful symbol: sleek elegance and bulletproof British power. Designed in Britain, made in Britain.Under the bonnet, though, it is an Indian-owned conglomerate, Tata, providing the financial firepower. And that is a story repeated across the “B
  
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• We know life is a game of chance, so why not draw lots to see who gets the job? | Sonia Sodha

  01-09-2019 07:00 via theguardian.com
  Remove human bias from the interview process and the world might start to become a fairer placeThe sweaty palms, the swotting, the tricky question that prompts your heart to plummet: job interviews are no one’s idea of a good time. The other side of the equation is hardly fun either: days out of a busy schedule spent interviewing candidates, some of whom you know within a couple of minutes you would never offer a job.Interviews are time-consuming for all involved. But we persist in doing t
  
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• Retirement and me: Couple 'selling everything to survive' after a life-changing accident

  01-09-2019 05:01 via feedproxy.google.com
  RETIREMENT AND ME looks at how people are spending their time and money during their later years. This week, one woman reveals how life changed after her husband broke his back back in 2003.
  
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