Financial news

• The Guardian view on Labour’s new localism: necessary work in progress | Editorial

  15-10-2023 18:43
  
  The failure of the Conservative party’s flagship project of levelling up is a huge opportunity for LabourDiminished by outsourcing, impoverished by Westminster-imposed austerity, and constrained by one of the most centralised polities in the world, local government in England has endured a miserable first quarter of the 21st century.Levelling up, the Conservative party’s response to the regional discontent exposed by the Brexit referendum, contrived to add insult to injuries already
  
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• Bad management has prompted one in three UK workers to quit, survey finds

  15-10-2023 18:00
  
  Study shows widespread concern over quality of managers, with 82% of bosses deemed ‘accidental’, having had no formal trainingAlmost one-third of UK workers say they’ve quit a job because of a negative workplace culture, according to a new survey that underlines the risks of managers failing to rein in toxic behaviour.Research carried out by the Chartered Management Institute (CMI) pointed to widespread concern about the quality of management, and its impact on workers’ d
  
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• North-east ‘utterly forgotten’ amid UK film and TV production boom

  15-10-2023 17:34
  
  Leo Pearlman, cofounder of Fulwell 73, calls on government to back plans for new studio complex in SunderlandThe cofounder of the maker of hit shows including The Kardashians, the Friends reunion special and documentary series Sunderland ‘Til I Die has said that the north-east has been “utterly forgotten” amid the UK’s multibillion-pound TV and film production boom, and called on the government to back plans for a proposed new Hollywood-style studio complex in the region.
  
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• Trump, an Australian billionaire and the nuclear submarines – podcast

  15-10-2023 16:00
  
  Donald Trump allegedly discussed potentially sensitive information about US nuclear submarines with an Australian billionaire three months after leaving office, according to an American media report. These allegations, which Trump denies, have raised further questions about his alleged handling of classified information – already the subject of separate and unrelated criminal charges in the US.Guardian Australia’s foreign affairs and defence correspondent, Daniel Hurst, discusses why
  
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• Billionaire space race: can Bezos’s Project Kuiper catch up to Musk’s Starlink?

  15-10-2023 13:00
  
  As the world’s wealthiest men chest-thump in low-Earth orbit, others wonder how their mess will eventually be cleaned upYou’re a mega-billionaire. You already own one of the world’s most influential social media platforms, and dominate more than half of the US electric car market. You are regularly named as one of the world’s most influential people. You’ve had your hairline sorted, you’ve already had 11 children, so what do you do next?For Elon Musk, the answ
  
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• Rich nations, the IMF and World Bank are worried about the Israel-Hamas war, but not nearly enough | Larry Elliott

  15-10-2023 12:13
  
  Just like the Yom Kippur war 50 years before, the current conflict represents a grave threat to an already fragile global economy Half a century ago a surprise attack on Israel by neighbouring countries marked the start of the Yom Kippur war – an event that signalled the end of the long postwar boom and ushered in a period marked by higher inflation and rising unemployment.So it was with a degree of trepidation that finance ministers, development ministers and central bank governors from a
  
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• Revenge of the nerds is a fantasy, it’s the jocks who have more successful careers | Torsten Bell

  15-10-2023 11:32
  
  Athletes have social skills that take them far in the world of business and finance, a study of US Ivy League alumni findsWe tell the kids not to worry if they’re not “cool” at school. A common reassurance is that the nerds shall inherit, if not the Earth, then at least the good jobs. But it turns out we lie.So warns a new study of the career outcomes of 400,000 athletes and non-athletes attending Ivy League colleges in America from 1970 to 2021 – where prior athletic ach
  
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• More Britons are falling ill in their 50s than ever. It’s time to make a critical decision

  15-10-2023 08:22 via express.co.uk
  
  Your 50s are a key time for your personal finances. This is when you should be saving flat out for retirement. Then illness strikes.
  
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• Work has stopped on HS2, but the Tories are still digging Britain into a hole | William Keegan

  15-10-2023 08:00
  
  The loss of a national asset that would have aided ‘levelling up’ shows how little Rishi Sunak is really committed to long-termismOne of the many whoppers to emerge from the recent Conservative party conference was Rishi Sunak’s claim that “our Brexit freedoms make us ever more competitive”.When I was at school, “freedom” was used in the singular; but these days, as Cole Porter wrote, anything goes. There are promises of “freedoms” all over t
  
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• Tax warning as Britons told threshold 'surprise' could leave you paying 60% rate

  15-10-2023 08:00 via express.co.uk
  
  Britons are warned of an "unexpected surprise" that occurs once a person earns over the £100,000 threshold.
  
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• Warning to savers as high interest rates spark tax threat to pots - and how to fight back

  15-10-2023 07:00 via express.co.uk
  
  From ISAs to interspousal transfers, there are a few ways people can minimise their exposure to personal allowance freezes and protect more of their wealth.
  
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