Financial news

• Events, dear boy, events: how politics is making markets volatile

  05-09-2019 19:00
  The goings-on in the White House and Westminster are having as much effect as economic indicatorsPolitical events have always had an impact on the world’s financial markets but rarely have they mattered quite so much as they do now.Take two current examples. The latest news from Germany on Thursday was dire, with a plunge in factory orders adding to the risk of a technical recession – two successive quarters of negative growth. Normally, this would be a reason to sell German shares b
  
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• Has the age of austerity really come to an end?

  05-09-2019 18:39
  Sajid Javid’s pledge to ‘bring about a decade of renewal’ comes under scrutinySajid Javid said on Wednesday that the government could afford to “turn the page on austerity” as he set out Whitehall spending priorities. Publishing departmental budgets for next year, the chancellor claimed that a rise in spending of 4.1% over this year and next would “bring about a decade of renewal”. Critics warned that his claims were overblown and that nine years of spen
  
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• 'Own who you are but without apology': how Anna Wintour runs Vogue HQ - trailer

  05-09-2019 16:57
  The trailer for a 12-episode Anna Wintour Masterclass in leadership and creativity has just been released, rendering the one of the most enigmatic names in fashion marginally less mysterious.This is the first time that Wintour has given substantial career tips. Budding fashion power players should note that in the trailer, at least, there is not a trace of Miranda Priestly-esque ice. She even gives the team “triple thumbs up” for their work. There are some good lines, however: &ldquo
  
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• Watchdog drops Viagogo legal case after changes to resale site

  05-09-2019 14:29 via theguardian.com
  CMA says challenges in forcing ticket seller to comply with UK law shows it needs more powersThe competition watchdog has suspended court proceedings against the ticketing website Viagogo, saying the company had made changes that addressed concerns the site was flouting laws designed to protect UK consumers.However, critics of Viagogo immediately questioned the “surprising” decision and said concerns about the website’s business practices had not yet been put to rest. Continue
  
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• Is it time to switch income tax with a sales tax?

  05-09-2019 13:03
  With wealth inequality rising the case for raising revenue via a consumption tax is compellingIs it time for the US to consider switching from income tax to a progressive consumption tax as a way of addressing growing wealth inequality? Many economists have long favoured a consumption-based tax system for raising revenue on the grounds of efficiency and simplicity. However, despite occasional vocal adherents, it has never gained political traction. Is it time to think again?One of the main objec
  
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• When men are afraid to interact with women at work, it harms the whole company | Gene Marks

  05-09-2019 12:00
  Hindering a female employee’s advancement out of fears of your own behavior is impeding the growth of your organizationThere’s no arguing that the #MeToo movement has helped many women in the workplace. Unfortunately, no less than three studies have recently shown that the efforts to ultimately eliminate gender discrimination and harassment are having negative effects for some women in the office as well. But there is another casualty here too, as the men who have failed to learn the
  
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• UK faces Victorian age of inequality, says TUC general secretary

  05-09-2019 01:01
  Frances O’Grady says there needs to be a shift in power from employers to unionsBritain risks turning the clock back to the working conditions of the Victorian age unless unions have greater powers to organise and negotiate, the head of the TUC has said.Frances O’Grady, the TUC’s general secretary, said that without a shift in the balance of power from employers to unions the UK would face rising inequality and insecurity at work. Continue reading...
  
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• Aqua park’s closure has left us high and dry

  05-09-2019 01:00
  We had paid £2,000 for an afternoon at a water park in memory of a colleague who had diedI help to run a not-for-profit summer music school and we had paid £2,000 for an afternoon at Aqua Park Suffolk in memory of a colleague who died this summer. The company then closed the park, cancelled our booking and did not refund any of our money within the seven days specified in the terms and conditions.Continue reading...
  
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