Financial news

• Callling for company bosses to get a pay rise is obscene | Letter

  07-05-2023 18:06
  
  FTSE 100 executives already earn 100 times the average UK wage. So why is the head of the London Stock Exchange angling for more, asks Bernie EvansJulia Hoggett, the chief executive of the London Stock Exchange, should be ashamed of herself (London Stock Exchange chief calls for UK firms to pay bosses more, 3 May). The average pay of £3.4m for FTSE 100 chief executives means that the ratio compared with average workers is over 100:1, something that is clearly unjustifiable. Having an &ldqu
  
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• UK solar energy firm offers ‘shared’ scheme that could save £200 a year

  07-05-2023 15:00
  
  Company behind Devon venture hopes it will become a blueprint for projects owned by consumersIf you would love to have solar panels but don’t own your home or can’t afford the outlay, how about investing in Britain’s first “shared” solar park that is promising cheaper, zero-carbon electricity, direct to your energy bills for the next 40 years?With two successful community energy schemes already behind it, Ripple Energy is looking for investors for its third: the con
  
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• When Amazon and Tesco join a ‘coalition of compassion’, you know the welfare state is failing | Gordon Brown

  07-05-2023 10:02
  
  Corporate donors and others are giving toiletries, mattresses, soapand more to a new phenomenon – multibanks – to nourish and clothe the growing army of poor peopleJust over a decade ago, I was in Downing Street planning our country’s pathway through the global financial crisis, completing our long-planned exit from Iraq, anguishing over soldiers’ deaths in Afghanistan and implementing the second stage of the Good Friday agreement on policing in Northern Ireland. I never
  
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• How to get a better mobile phone deal in the UK

  07-05-2023 09:00
  
  With above-inflation increases, tips and tricks to find the right plan are even more importantThere’s a dizzying array of mobile phone tariffs, and with many providers recently imposing above-inflation increases, it is even more important to choose the right deal. So how can you navigate the networks to get a plan that is right for you? What are the top tips for saving money? Continue reading...
  
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• If you think decent homes for all is an impossible dream, take a look at Vienna | Kenan Malik

  07-05-2023 08:01
  
  In contrast to Britain, most people in the city live in good quality, subsidised housingWhy shouldn’t working-class people own their own homes? It’s a rhetorical question that has provided the justification for the transformation of housing policy over the past half century in the wake of Margaret Thatcher’s “property-owning” revolution in the 1980s. “I want Labour to be the party of home ownership,” as Keir Starmer put it last week.There is, of course,
  
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• Low pay, fuel fines, cramped cabs: drivers at haulier used by major retailers speak out

  07-05-2023 07:00
  
  Employees at Lithuanian freight operator Girteka complain of hard conditions on the road, including one who says he fell seriously ill but co-drove his truck 800 miles after emerging from hospitalDrivers for one of Europe’s biggest delivery firms, which works for Amazon, Ikea and DHL, claim they are being left with no option but to sleep in their trucks for months and are earning well below the minimum wage in most of the countries they visit, according to an Observer investigation.In a se
  
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• Inflation may be about to fall, but the interest rate pain is not over yet

  07-05-2023 01:05
  
  Resilient UK growth may well prevent the Bank of England from ending its run of increasesThe Bank of England is confronting some stark and uncomfortable facts. Not since 1977 have British households faced food prices rising at a faster pace, while the headline rate of inflation is stuck above 10% – higher than in any other G7 nation.It is against this backdrop that City economists reckon the central bank will raise interest rates for a 12th consecutive time on Thursday, with predictions fo
  
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