Financial news

• Ex-NatWest chief breached Nigel Farage’s privacy, watchdog rules

  25-10-2023 22:04
  
  ICO will not take further action over Alison Rose speaking to BBC journalist about planned closure of Farage’s accountsThe former NatWest chief executive breached data protection laws when she spoke to a BBC journalist about the planned closure of Nigel Farage’s bank accounts, the UK’s information watchdog has ruled.An Information Commissioner’s Office (ICO) report seen by the Guardian said that Alison Rose broke rules on two counts: first by revealing that Farage had a b
  
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• The Guardian view on bankers’ bonuses: the sky’s the limit (again) | Editorial

  25-10-2023 19:58
  
  In the week that nearly 4 million Britons were reported to live in destitution, policymakers axed the cap on City pay. How’s that for a healthy society?Rejoice! At last the British establishment has identified a 100% cast-iron Brexit bonus. This week, financial watchdogs agreed there need be no more limits on the bonuses paid to City bankers. The Bank of England found that “a bonus cap is not routinely imposed in other leading international financial centres outside the EU”. Th
  
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• Heat pump plan is a gift for landlords | Brief letters

  25-10-2023 19:10
  
  Low-income renters | Yocheved Lifshitz | Luton’s fightback | Words with a bad press | Artificial intelligenceGiving low-income families free heat pumps (Report, 18 October) sounds like a great idea. However, I suspect that the majority of low-income families live in rented accommodation, so the only people to really benefit from this giveaway would be the landlords. What’s to stop their next step being to evict these low-income families, increase the rent for the their newly enhanced
  
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• How on earth are you supposed to review a parking space?

  25-10-2023 16:44
  
  You can’t buy coffee, visit your GP or even pay to leave your car somewhere without being pestered for feedback. I’m giving the whole experience zero starsMy friend drove from Leeds to Wrexham to watch his football team play. For most of his life, before a couple of likable Hollywood actors bought his club, very few people watched Wrexham play. You didn’t have to book a ticket in advance, and you certainly wouldn’t have struggled to park. Things have changed. And change m
  
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• Firebombs and threats in the tobacco store turf war - podcast

  25-10-2023 16:00
  
  Almost 30 tobacco stores in suburban Melbourne and regional Victoria have been set alight in the last seven months. Guardian Australia justice and courts reporter Nino Bucci explains how organised crime syndicates are infiltrating Australia’s tobacco industryRead more: Continue reading...
  
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• Should workers get time off for posting letters and going to the dentist? One boss thinks so | Anita Chaudhuri

  25-10-2023 12:00
  
  The entrepreneur has boasted about the one afternoon off a month his staff get to do essential tasks. It’s an admirable sentiment but has he been to a post office recently?I was amused to read a post on LinkedIn (not a phrase one reads very often) from Ash Jones, a Manchester-based entrepreneur, boasting about the success of his company’s “life admin half-day”. Once a month, his staff get paid leave to attend to life’s most onerous chores.Lest anyone be in doubt abo
  
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• Here’s what happens when a for-profit company takes over your local ER | Clayton Dalton

  25-10-2023 12:00
  
  Costs are slashed, entire departments of doctors are laid off, and patients’ bills go up. I would knowEarlier this year, I stood outside the hospital in New Mexico where I worked as an emergency physician. I was, for the first time, picketing. The next day I would be fired, another first. At least I wasn’t the only one – all of my colleagues would also be terminated.Why would a hospital fire an entire department of doctors? Continue reading...
  
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• UK house prices will not stop falling until 2025, Lloyds predicts

  25-10-2023 10:22
  
  Britain’s biggest mortgage lender forecasts 5% drop over this year and another 2.4% decline in 2024UK house prices will continue to slide this year and in 2024 and will not start to recover until 2025, Lloyds Banking Group has forecast.The lender, which owns Halifax and is Britain’s largest mortgage provider, said that by the end of 2023 house prices would have fallen 5% over the course of the year and were likely to decrease by another 2.4% in 2024. Continue reading...
  
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• Buy-to-let is back! How property investors can still get yields of up to 8% a year

  25-10-2023 08:34 via express.co.uk
  
  More than two million Britons set themselves up as landlords to generate rental income and capital growth from rising property values, but rising interest rates, tougher regulations and a tax clampdown have driven many away.
  
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• Lloyds bank closure made cancelling housebound husband’s standing order a real trial

  25-10-2023 08:00
  
  Our town’s branch has shut but when I went to the nearest one 10 miles away they said they couldn’t stop the paymentMy 93-year-old husband and I have separate bank accounts, and neither of us uses online banking. All the banks in our town have closed, and the nearest branch is in Penzance, 10 miles away. My husband, a painter, became suddenly housebound over the summer and therefore needed to cancel the standing order for payments for the studio he rented. I had to go to Lloyds in Pe
  
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• Now you see me: the Black fashion designers overlooked by history – in pictures

  25-10-2023 07:00
  
  Charlene Prempeh’s new book, Now You See Me!, is a long overdue look at the Black creatives previously written out of the canon, and the ones influencing the conversation now Continue reading...
  
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• UK consumers lose £580m to fraudsters in first half of 2023, figures reveal

  25-10-2023 01:01
  
  Romance scams and ID theft among fastest growing categories with total of 1.4m fraud cases recorded thus far, says UK FinanceScammers were responsible for nearly 1.4m cases of fraud in the UK during the first half of 2023 – the equivalent of one every 12 seconds – with romance scams and ID theft among the fastest growing categories.Overall, criminals stole £580m in the first six months of the year, according to the banking trade association UK Finance, suggesting households are
  
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