Financial news

• UK plans to accelerate decarbonisation of transport sector

  15-10-2019 20:10 via theguardian.com
  Government vows to unveil climate roadmap next year but critics demand action not more policies and plansThe UK government has vowed to accelerate its climate action for transport sector by drafting new plans to end emissions from trains, planes and cars by 2050.Ministers promised to begin the groundwork on the government’s first detailed plan to decarbonise the transport sector immediately, and unveil the plan in full next year. Continue reading...
  
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• Thomas Cook bosses clearly had their heads buried in the sand | Nils Pratley

  15-10-2019 20:04 via theguardian.com
  Testimony to MPs demonstrates a spectacular level of delusion in the boardroomTwo hours of testimony from the failed bosses of Thomas Cook confirmed what we had suspected: the level of delusion in the boardroom was spectacular.On one hand, the former directors argued to MPs that their self-help plan for the business was a rip-roaring success, right up until the moment it wasn’t. In the next breath, they suggested their jobs were always near-impossible because £150m in interest costs
  
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• Will Boris Johnson have a deal to put to MPs on Saturday?

  15-10-2019 19:27 via theguardian.com
  After a series of U-turns, there are signs a deal is possible. We look at the potential outcomesLatest Brexit news - live updatesBy Wednesday afternoon, it will be clear whether Boris Johnson will have a deal to put to parliament on its “super Saturday” sitting or not. Michel Barnier, the EU’s chief negotiator, will inform members whether the prime minister has conceded enough on the Irish border for there to be a draft treaty to present to leaders when they hold a summit on Th
  
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• Bank of England boss says global finance is funding 4C temperature rise

  15-10-2019 18:21 via theguardian.com
  Mark Carney says capital markets are financing projects likely to fuel a catastrophic rise in global heatingThe governor of the Bank of England has warned that the global financial system is backing carbon-producing projects that will raise the temperature of the planet by over 4C – more than double the pledge to limit increases to well below 2C contained in the Paris Agreement.In a stark warning over global heating, Mark Carney said the multitrillion-dollar international capital markets &
  
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• Pound Euro exchange rate: ‘Narrow path’ to Brexit deal leads pairing to five-month high

  15-10-2019 18:16 via feedproxy.google.com
  The pound jumped to a five month high against the euro this afternoon with the pairing currently trading at around €1.149 as a fresh wave of Brexit optimism and upbeat comments from the European Union’s chief negotiator sparked investor confidence. Michel Barnier said that while a “narrow path” exists to achieving a Brexit deal this week, it was “time to turn good intentions into legal text”.
  
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• US billionaire left Google in shock snub – but it gave her 'opportunity of a lifetime'

  15-10-2019 18:08 via feedproxy.google.com
  GOOGLE did not promote the now-billionaire Sheryl Sandberg when she was the company’s vice president for sales and operations – so she jumped ship, joined Facebook’s executive board and became one of the most powerful people in tech, according to an unearthed article.
  
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• Pound US dollar exchange rate up: Barnier suggests Brexit deal ‘still possible this week’

  15-10-2019 17:59 via feedproxy.google.com
  The GBP/USD exchange rate is currently trading at $1.2645, having climbed roughly 0.3 percent from today’s opening levels following upbeat comments from the EU’s chief Brexit negotiator Michel Barnier. Sterling initially surged as M Barnier told EU ministers in Luxembourg that securing a Brexit deal this week would “be difficult” but “still possible”.
  
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• Coinbase chief blasts US Senate over Libra letters

  15-10-2019 17:22 via feedproxy.google.com
  THE head of one of the world’s largest cryptocurrency exchanges has slammed US senators as “un-American” over their attempts to stop Facebook’s Libra crypto project in its tracks. Facebook announced in June that it planned to launch its own cryptocurrency to its two billion worldwide users under a newly-formed umbrella organisation called Calibra.
  
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• State pension amount: Surge in people topping up NI contributions - but warning is issued

  15-10-2019 16:30 via feedproxy.google.com
  THE STATE PENSION amount that one gets depends on their National Insurance record. HMRC figures published today show the total of voluntary “Class 3” National Insurance Contributions has risen.
  
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• Can I have a cash ISA and Help to Buy ISA? Rules on ISAs explained as deadline looms

  15-10-2019 16:30 via feedproxy.google.com
  ISA STANDS for Individual Savings Account, and ISAs are a way a person can save tax-free. Is it possible to have a cash ISA and a Help to Buy ISA at the same time?
  
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• Tax on pension: How much each pension option is taxed depending on what you do with pot

  15-10-2019 16:29 via feedproxy.google.com
  TAX MAY be required to be paid should a person withdraw money from a pension pot. How much is taxable when it comes to different pension options?
  
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• Online banking warning: The simple way you could reduce the risk of falling victim to scam

  15-10-2019 16:29 via feedproxy.google.com
  ONLINE BANKING is an activity which many people do in the modern day - whether it’s for ease or out of necessity. In order to reduce the risk of bank details getting into the wrong hands, a person may wish to carry out a simple move when contacting their bank.
  
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• The Tories have got IMF cover for their plan to borrow and spend

  15-10-2019 15:00 via theguardian.com
  The Fund’s latest forecast accepts that financing public debt is easier when borrowing is cheap
  •IMF warns there is ‘limited ammunition’ to fight recessionThe International Monetary Fund has been on quite a journey these past 10 years. From being a cheerleader for austerity, it is now telling countries that low interest and negligible inflationary pressure mean they can borrow and spend.Up to a point. Old habits die hard, and the advice doled out by the IMF’s researc
  
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• Neil Woodford to close down investment funds

  15-10-2019 14:47
  Stellar career seems over as manager shuts last two funds following sacking from flagship £3.1bn ventureThe high profile career of investment manager Neil Woodford appears to be over after the one-time star stockpicker was fired from his flagship fund and quit as manager of his remaining two funds.Woodford was sacked on Tuesday morning from his £3.1bn Equity Income fund, which will be wound up in an effort to return cash to investors more than four months after its shock suspension.
  
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• Car finance crackdown will save buyers £165m, says watchdog

  15-10-2019 13:39 via theguardian.com
  FCA says it will ban commission for brokers linked to interest rate paid by driverBritain’s financial watchdog is cracking down on the way car dealers and car finance brokers make commission on sales, a move that it says will save drivers £165m.The Financial Conduct Authority said it would ban the way some car retailers and brokers received commission linked to the interest rate customers paid on the loan they took out to buy a car. The arrangement means the higher the interest rate,
  
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• Mike Ashley: How Sports Direct owner showcased brutal tactic to 'finish off' rivals

  15-10-2019 13:11 via feedproxy.google.com
  SPORTS DIRECT boss Mike Ashley has called for an inquiry into how Adidas and Nike dominant the sportswear market – and an unearthed article has revealed how the high street tycoon has “finished off” his rivals in the past.
  
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• Brexit alert: No deal could spark global financial crisis, warn economic experts

  15-10-2019 13:11 via feedproxy.google.com
  A NO-DEAL Brexit could spark the same kind of global crash that came after the 2016 EU referendum, financial experts have warned.
  
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• I was greeted with a £60 parking penalty at Southend airport

  15-10-2019 08:00 via theguardian.com
  I used a meet and greet service and while I was waiting Parking Eye issued the notice. Now it wants £100I used the “meet and greet” parking service at Southend airport for the first time in June. In the past I have used the service at Stansted, where there is no need to call in advance to warn of arrival.On arriving at Southend I was told by the meet-and-greet staff to leave the airport and wait nearby for 10 minutes. I parked in the service yard of the adjoining retail park al
  
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