Financial news

• The Guardian view on the decline of Marks & Spencer: trouble at tills | Editorial

  03-09-2019 19:59
  Public feeling towards M&S is stronger than for other retailers, but its current plight proves that it cannot trade on goodwill for everShops need shoppers, and if people want them to survive as bricks-and-mortar entities in the face of ferocious online competition, they will have to shop in them. So far so obvious, you might think. But the widely anticipated ejection from the FTSE 100 of the UK’s biggest clothes retailer, Marks & Spencer, makes it worth spelling out. If M&S &n
  
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• If ministers want to rebalance the economy, they must scrap HS2 | Larry Elliott

  03-09-2019 19:09
  Improving rail links in the north is a far better use of £80bn-plus than continuing with a delayed projectThe future of HS2, Britain’s most ambitious infrastructure project, is hanging by a thread after the transport secretary, Grant Shapps, announced a delay of up to five years to complete its first phase, accompanied by a massive increase in the estimated cost.For the beleaguered construction sector, the timing could hardly have been worse. Orders for new work have been drying up a
  
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• Pound US Dollar exchange rate: Will GBP/USD close at its lowest level since April 1985?

  03-09-2019 18:02 via feedproxy.google.com
  After falling to a low of $1.195, the GBP/USD exchange rate has returned to trading in the region of $1.208. While Sterling started the day on a downtrend, a mixed bag of disappointing US manufacturing data and UK political developments saw Sterling claw back some losses this afternoon.
  
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• Pound euro exchange rate: GBP/EUR steady as opposition MPs rally

  03-09-2019 17:52 via feedproxy.google.com
  The pound euro exchange rate steadied at around €1.100 today, with UK political news dominating market sentiment. Sterling struggled to gain against the euro today as escalating UK political tensions exerted a downward pressure on the pound.
  
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• HMRC tax code: Millions of employees overpaying tax due to wrong code - how to check

  03-09-2019 16:02 via feedproxy.google.com
  TAX codes is used by an employer or pension provider to work out how much Income Tax should be taken from a taxpayer’s pay or pension. Is your tax code correct? How to check to see whether it’s wrong.
  
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• How many Premium Bonds can you have? Maximum limit you can hold in 2019

  03-09-2019 16:01 via feedproxy.google.com
  PREMIUM BONDS are a way of saving tax-free for some people, while others will buy them purely in the hopes of “winning” the prize draw. How many Premium Bonds can one have?
  
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• How to transfer your pension pot - Pensions Minister Guy Opperman gives top tips

  03-09-2019 16:00 via feedproxy.google.com
  PENSION savings may be used during one’s retirement, but they may be something a person thinks about for various reasons during different stages of their lifetime. Minister for Pensions and Financial Inclusion, Guy Opperman has shared his top tips on transferring a pension pot with Express.co.uk.
  
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• Universal Credit: Gov warned 'take urgent action' as claimants reveal financial struggle

  03-09-2019 15:43 via feedproxy.google.com
  UNIVERSAL CREDIT: More than half of people claiming Universal Credit have gone without living essentials, new research shows.
  
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• Landlords charge 'pet rent' to recoup losses after ban on unfair fees

  03-09-2019 15:33
  Practice has emerged since new law designed to save renters in England money Landlords are charging “pet rent” running into hundreds of pounds a year in an attempt to recoup losses from a ban on unfair letting fees enforced by the government this summer.The new practice means tenants with animals are being charged up to £50 a month additional rent for a single pet, adding considerably to the cost of housing at a time when more and more families are priced out of buying and rely
  
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• Tesco Bank sells 23,000 mortgages: Loans to operate under Halifax - what it means for you

  03-09-2019 15:31 via feedproxy.google.com
  TESCO BANK is selling its mortgage book to Lloyds Banking Group, with Tesco’s 23,000 mortgage customers transferring to the Lloyds subsidiary Halifax. What does the agreement mean for borrowers?
  
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• No language barrier: Brazzaville's illustrated shop facades – in pictures

  03-09-2019 13:30
  Shops in the Republic of the Congo’s capital use colourful depictions of the goods they sell to get around the lack of a common tongue Continue reading...
  
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• Universal Credit: How you could boost savings by £1,200 - are you able to benefit?

  03-09-2019 08:30 via feedproxy.google.com
  UNIVERSAL CREDIT claimants may be able to get help with building their savings via a government-backed saving scheme. However, it has emerged that millions of eligible people for the Help to Save account are currently not accessing it.
  
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• M&S wardrobe causes a stink – but it won't give me a refund

  03-09-2019 08:15 via theguardian.com
  We have a heavily pregnant daughter-in-law in the house and the smell makes us feel sickI purchased a three-door Hastings wardrobe from Marks & Spencer for my adult son’s room. He and his wife are staying with us for several months and their baby is due shortly. The wardrobe arrived on Monday and the smell was toxic. We all felt sick and had red eyes. I even smelt it coming up the driveway. I called M&S to arrange collection which it said could not be done for three weeks. I explai
  
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• Co-living: the end of urban loneliness – or cynical corporate dorms?

  03-09-2019 08:15 via theguardian.com
  With communal space and amenities all shared in what are sometimes vast complexes, co-living is billed as a solution to the housing crisis – but others say it’s simply an attempt to cash in on itIn the industrial chic lobby of the Collective, a huge apartment block in the northwest London neighbourhood of Willesden Junction, a set of posters advertise its events series for residents. There’s a crystal-pendant-making workshop, a talk on the politics of body hair and another on m
  
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• ACCC sues Medibank for incorrectly rejecting health insurance claims

  03-09-2019 03:26 via theguardian.com
  Consumer watchdog alleges 60 members upgraded their policies needlessly to access coverage they had already paid forThe consumer watchdog has launched civil proceedings against Medibank, accusing the health insurance heavyweight of incorrectly telling customers they were not eligible for some benefits.The Australian Competition and Consumer Commission claims Medibank told some “lite” or “boost” policy holders with its AHM subsidiary they were not eligible to cover for joi
  
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