Financial news

• Ex-Metro Bank CEO says FCA ruling has left him unable to secure permanent job

  06-04-2025 18:51
  
  Craig Donaldson challenging ruling by UK regulator, which accused him of misleading investors over £900m accounting blunderThe former chief executive of Metro Bank says he has been made “untouchable”, advised to move to Australia and even had trouble opening bank accounts after the UK regulator accused him of misleading investors over a £900m accounting blunder.Craig Donaldson, who resigned in 2019, told the upper tribunal in London that both his career and personal finan
  
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• Companies House collects just £1,250 in fines in corruption crackdown

  06-04-2025 17:41
  
  Just 2% of total penalties paid, raising concerns about agency given new powers to fight economic crimeThe UK government agency responsible for overseeing a national register of companies has collected just £1,250 in fines after being given new powers to crack down on corruption, it has emerged.Companies House is implementing a series of reforms, amid embarrassing revelations about fraudsters and jokers signing up to the corporate register with names such as “Darth Vader” and &
  
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• ‘Polyworking’: why do so many millennials have more than one job?

  06-04-2025 16:00 via theguardian.com
  According to a new survey, over half of millennials work more than one job. It’s what they have to do in today’s economyAmericans are barely staying ahead of inflation. So how are they dealing with this issue? By working more.That’s one of the biggest takeaways from a new study by Academized, an outsourcing platform that connects writers and students. According to the report, more than half of millennials – who make up the largest percentage of workers in this country &nd
  
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• Trump’s tariffs may be perilous for small, heavily indebted countries in global south

  06-04-2025 13:07
  Garment workers in countries such as Cambodia among those who fear they will lose pay cheques if companies move production elsewhere“This is very messed up. If Trump wants Cambodia to import more American goods: look, we are just a very small country!”Khun Tharo works to promote human rights in the Cambodian garment sector, which employs about 1 million people – many of them women. Continue reading...
  
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• Women’s magazines still thriving despite closure of The Lady, the ‘journal for gentlewomen’

  06-04-2025 12:00
  Launched in 1885, the publication that defined a bygone era is reportedly going into liquidation. But magazine culture is booming, say insidersIt launched in 1885 as a “journal for gentlewomen”, a place where classified advertisements always attracted the right calibre of domestic staff: one who was savvy enough to buy and read The Lady.Today, the classified ads for housekeepers and butlers remain, accompanied in the April edition by horoscopes, puzzles, a column praising nightingale
  
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• ‘Completely disproportionate’: UK tenants feel the bite of ‘pet rent’

  06-04-2025 12:00 via theguardian.com
  
  Many pet-owning renters are asked to pay surcharges – but the upcoming renters reform bill will require landlords to reconsider their stanceKatie Fisher’s bid for her rental flat in south-east London was initially rejected because she had a dog. When she offered to pay an additional £50 a month in rent, taking the cost of the two-bedroom flat to £1,450 a month, the landlord agreed.The practice of paying an extra fee each month in order to live with a furry companion &ndas
  
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• Charities and even unions have begun wielding NDAs to cow and silence | Sonia Sodha

  06-04-2025 09:30 via theguardian.com
  The TSSA tried to prevent former female employees from making allegations of sexual harassmentUnions exist first and foremost to protect employee rights, and there are many examples of where they’ve done that well. But it turns out unions don’t always make for the best, or even adequate, employers themselves.In last week’s parliamentary debate on the use of non-disclosure agreements (NDAs) by employers to cover up abuse and discrimination in the workplace, Labour MP Louise Haig
  
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• ‘They’re everywhere’: workers warn of rat infestation at Somerset nuclear plant

  06-04-2025 09:00
  Unions urge energy giant EDF to take action as concerns mount over health of construction staffWorkers building the troubled Hinkley Point C nuclear reactor in Somerset have raised concerns that the construction site is overrun by rats.The Unite and GMB trade unions are understood to have warned the developer, the French energy giant EDF, that urgent action is needed because the rodents are “everywhere”. Continue reading...
  
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• The Observer view on SUVs: they are too dangerous and too big, their drivers should be made to pay

  06-04-2025 07:30 via theguardian.com
  
  If a car generates more potholes, takes up more space and poses more risk, it is only fair that its owner pays moreBritain is facing an unusual crisis: carspreading. Our road vehicles are getting bigger as people buy more and more SUVs of increasing dimensions and weight. At the same time, our streets and parking places remain the same size.The consequences of this uncontrolled vehicular expansion have become profound. Potholes are being created in greater numbers as our roads are pounded by hea
  
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• UK bans £2.2bn ‘sneaky’ fees and fake reviews for online products

  06-04-2025 07:01 via theguardian.com
  
  New law aims to eliminate added costs that can be up to 25% of retail priceSneaky fees that are estimated to cost consumers £2.2bn a year are to be banned from today under new consumer protection laws.Businesses, including travel websites, ticket agencies and food delivery apps, will be required to include any mandatory fees in the headline price. Research has found these fees can be more than 25% of the product price. Continue reading...
  
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