Financial news

• ‘Cruel’ inheritance tax is devastating grieving families - 'Forcing them to deal with it!'

  05-11-2019 21:56 via feedproxy.google.com
  INHERITANCE TAX has been branded "cruel" by a leading think tank, which has told Express.co.uk the "very unpopular" measure “has to go” because it is devastating families grieving the deaths of loved ones.
  
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• Uber must soon face up to task of picking up some serious money | Nils Pratley

  05-11-2019 20:47 via theguardian.com
  Its IPO caught Wall Street in generous mood but investors will want more than scooter schemesUber was smart to get itself listed on the New York stock exchange before the WeWork fiasco. There’s now a much-needed mood of scepticism on Wall Street towards cash-burning companies whose horizon for profitability stretches into the middle distance. Uber might find it harder today to raise $8bn (£6.2bn) at a whizzy valuation.As it is, Uber’s shares have reversed by a third since the i
  
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• Pound euro exchange rate: GBP/EUR rises on signs of struggling Eurozone economy

  05-11-2019 16:59 via feedproxy.google.com
  THE pound euro exchange rate edged higher today, with the pairing currently trading around €1.161 as market appeal for the shared currency slipped due to increasing concerns over the Eurozone’s economic health.
  
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• GBP/USD exchange rate under pressure as UK services suffer from 'worst spell' since 2009

  05-11-2019 16:50 via feedproxy.google.com
  THE pound was left muted against the US dollar today, as data showed the UK service sector stagnated, with the pairing currently trading at around $1.287.
  
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• CRYPTOCURRENCY: China calls on Huawei to help with crypto ambitions

  05-11-2019 16:13 via feedproxy.google.com
  CHINA is bringing together some major players to assist with the nation’s drive towards cryptocurrency adoption, it has emerged.
  
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• State pension age is rising: Change is coming into effect tomorrow - are you affected?

  05-11-2019 15:57 via feedproxy.google.com
  STATE PENSION age is rising, with the age set to reach 66 by October 2020, ahead of further increases. This week marks a significant date in the timetable of state pension age changes.
  
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• Flu jab: Millions could get vaccine for free on NHS even if they’re not yet 65 - can you?

  05-11-2019 15:57 via feedproxy.google.com
  FLU JABS are available in a bid to help protect against getting influenza, important for many Britons' health. How much does the flu jab cost and who is able to get the vaccination for free?
  
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• Tories fail to build any of 200,000 starter homes promised in 2015, says watchdog

  05-11-2019 09:29
  National Audit Office says no starter homes have been built despite election pledgeSuccessive Conservative governments have failed to deliver a single new “starter home” despite promising to build 200,000 by 2020, Whitehall’s spending watchdog has found.The party’s 2015 manifesto committed to building the homes across England to be sold exclusively to first-time buyers under the age of 40, to help young people take their first step on the property ladder. Continue reading
  
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• Labour’s ‘dangerous’ corporation tax plan would decimate wages and send prices soaring

  05-11-2019 09:15 via feedproxy.google.com
  THE LABOUR PARTY’s proposed plans to increase the rates of corporation tax would have a “dangerous” impact on workers and consumers, a tax expert told Express.co.uk.
  
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• Refund for cancelled swim/run was blown out of the water

  05-11-2019 08:01
  We paid a £129 entry fee but the Hurly Burly event was called off because of bad weatherMy daughter entered the annual Hurly Burly open water swim/run event that was due to take place on 28 September in Snowdonia. The problem is the event was cancelled due to an adverse weather forecast.My daughter has no quarrel with this decision, but the organisers have refused to refund the £129 entry fee.Continue reading...
  
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• TUC: household debt for average family now more than £14,000

  05-11-2019 01:01
  Median wages still languishing £20 a week below pre-financial crash levels, according to ONSHousehold debt soared by a third to record levels in the past decade as workers struggled to cope with the impact of a prolonged squeeze on wages, a new report has said.TUC analysis found that the average non-mortgage debt of a working family had hit £14,200 through an increased reliance on credit cards, bank loans, payday lending and other unsecured forms of borrowing. Continue reading...
  
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• NHS 'tax trap' pensions led to 18-week closure of intensive care unit

  05-11-2019 01:01
  London hospital shut ICU due to consultants working fewer shifts to avoid hefty tax billsA leading teaching hospital had to shut an intensive care unit for 18 weeks because of a doctor shortage caused by medics working fewer shifts to avoid the NHS pensions “tax trap”.Guy’s and St Thomas’s trust in London closed one of its intensive care units over the summer after some of its consultants reduced their hours to avoid hefty tax bills linked to pensions. Continue reading...
  
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• NHS 'tax trap' pensions causing frontline shortages, doctors warn

  05-11-2019 01:01
  
  Consultants are working fewer shifts to avoid hefty tax bills, leading to gaps in patient care rotasMinisters have been sent a dossier demonstrating how a shortage of staff caused by medics working fewer shifts to avoid the NHS pensions “tax trap” is affecting frontline care.The Academy of Medical Royal Colleges, which represents Britain’s 220,000 doctors, has written to the chancellor, Sajid Javid, and the health secretary, Matt Hancock, calling on them to urgently address the
  
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