Financial news

• Cost increases for shops and pubs are real and large. Pity the small operators | Nils Pratley

  06-11-2024 19:50
  
  M&S will pay an extra £60m in employer’s national insurance next year, but it can cope. Smaller firms may notM&S profits rise but retailer warns of £60m hit from Reeves’s budgetWednesday’s number of the day in the UK corporate scene was £60m. It is what Marks & Spencer expects to pay extra in employers’ national insurance next year, with the “same again”, said Stuart Machin, the chief executive, from wage increases that were alrea
  
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• ‘If they don’t get care, they die’: the woman who runs the world’s largest kidney dialysis company

  06-11-2024 16:00
  
  Helen Giza of FME is excited about the possibilities new drugs such as Ozempic could offer for renal patientsNew popular weight-loss drugs such as Wegovy and Ozempic come with an additional benefit: they could prolong the life of people with chronic kidney disease, says Helen Giza.For Giza, who runs the world’s largest dialysis and renal services company, Fresenius Medical Care (FME), and for the patients it serves, the new breed of weight-loss jabs promises to be transformational. Continu
  
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• Inflation pain helped secure Trump win but his policies mean higher prices

  06-11-2024 11:48
  
  Markets expect his policy package to harm trade and growth but reduce business taxesDollar and bitcoin soar as Trump wins US electionFinancial markets were poised for days of uncertainty waiting for the final result of the US presidential election to become clear, but in the end it wasn’t even close. Donald Trump won comfortably and the reaction in the markets to his return to the White House in January was swift. Share prices rose. The US dollar strengthened. Interest rates were expected
  
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• The return of President Trump – podcast

  06-11-2024 09:34
  Americans have made their decision and they’ve sent Donald Trump back to the White House. Guardian reporters tell the story of the night from around the United StatesDonald Trump has declared victory in the presidential election after winning key swing states in the race for the White House. As the night unfolded Helen Pidd spoke to Michael Safi at Kamala Harris’s watch party in Washington DC, where the mood turned from cautious optimism to something much darker. As results came in L
  
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• My late father is still being charged for car insurance

  06-11-2024 08:00 via theguardian.com
  
  His premium was £1,920 and I can’t get Sainsbury’s Bank to cancel the policyMy dad FH passed away in July, and, since then, I have been trying to cancel his car insurance with Sainsbury’s Bank. I wrote to explain the situation, but it didn’t act on the letter or scan his interim death certificate.When I managed to speak to someone, in mid-September, it promised to cancel the policy and contact the underwriter to see if a refund could be backdated. But, instead of ca
  
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• The UK was crying out for a new kind of budget. Labour has given it repackaged Tory ideas | David Edgerton

  06-11-2024 07:00 via theguardian.com
  
  A fairer, happier and more equal country is possible – but only if the party in power actually wants to make it happenHas Labour got a radical economic programme, on a par with 1945 or 1964? Has it stealthily snuck this past a hostile electorate? If you glanced at coverage of last week’s “historic” budget, you could be forgiven for thinking it had. At the election, the party promised minor increases in tax and spending, and now it is proposing major increases in borrowing
  
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• Planning rules have failed to link new homes to public transport, report finds

  06-11-2024 06:00 via theguardian.com
  
  A decade of planning policy has achieved nothing, leaving millions of people still dependent on cars, study showsA decade of planning rules designed to create housing connected to public transport routes has achieved nothing, a report has found, with millions of people in new homes still dependent on cars to get to local amenities.The study by the Royal Town Planning Institute (RTPI) looked at more than 1.6m homes given planning permission in England from 2012 to 2021, finding that while major h
  
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