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.... Jenkins and Boath said they would contest the charges; there has not been any comment from Varley and Kalaris. The charging decision has been postponed on a number of occasions, initially to the end of March, then the end of May and then to mid-June, and comes as the SFO faces abolition under plans set out in the Conservative election manifesto. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:48:09 AM
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. Senior business figures have heaped further pressure on Theresa May to change course for a softer Brexit in the wake of the election, amid fresh warnings of the impact of immigration controls and leaving the single market. ... [Read full article on Guardian ]
Sunday 18th of June 2017 03:48:03 AM
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....The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). The pound has weakened again after Theresa May’s election gamble backfired and she failed to secure a majority in parliament. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
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....If this seems like a stretch, that’s because pundits and politicians have spent decades defining the idea of democracy downwards. It has come to mean little more than holding elections every few years. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:00:25 AM
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....“We still think that borrowing for the fiscal year as a whole will increase by several billion pounds as a number of one-off factors that lowered borrowing in 2016-17 unwind,” he said. “What’s more, the election result suggests that the planned forthcoming fiscal squeeze may be scaled back slightly. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 10:49:47 AM
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.... The stakes are high, not only for the individuals involved and the bank itself, which has been trying to restore its reputation after a series of scandals, but also for the SFO and its head, David Green. The Conservatives’ election manifesto pledged to fold the SFO into the National Crime Agency. ... [Read full article on Guardian ]
Sunday 18th of June 2017 02:51:04 PM
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....Theresa May is expected to forge ahead with an energy price cap this week despite misgivings among Tory ranks and warnings it could prove a “political and consumer timebomb”. If the prime minister opts for the wide-ranging intervention promised during the election – which she said would save 17m households up to £100 on bills – such a measure would require primary legislation and feature in the Queen’s speech on Wednesday. ... [Read full article on Guardian ]
Monday 19th of June 2017 03:36:14 PM
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. When I suggested before the election that an ideal outcome would be a hung parliament and a coalition to think again on Brexit, I was certainly not thinking of the DUP. ... [Read full article on Guardian ]
Sunday 18th of June 2017 06:00:04 AM
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....Adam Marshall, director general of the BCC, said businesses had felt disappointed that the economy had been sidelined in recent months and they wanted assurances they would be listened to as Brexit negotiations proceed. “There was disillusionment with an election campaign that failed to realise the importance of the economy,” he told the Guardian. ... [Read full article on Guardian ]
Sunday 18th of June 2017 04:38:33 PM
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....Whether Theresa May ends up with a City job paying huge rewards remains to be seen. It can’t hurt her chances that the Tory election manifesto promised to scrap the Serious Fraud Office – the body that has now brought charges against the Barclays bankers. ... [Read full article on Guardian ]
Friday 23rd of June 2017 06:39:41 PM
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.... “But with uncertainty still holding back larger spending projects, we expect investment to wane over the course of 2018,” the outlook added. The forecasts were compiled before the general election, which resulted in Theresa May losing her parliamentary majority. ... [Read full article on Guardian ]
Monday 19th of June 2017 11:01:49 PM
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....”. She said the computer glitch was affecting the selection process of some orders. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 11:25:52 AM
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.... To qualify, each parent – or the sole parent in a single parent family – will need to earn at least the equivalent of 16 hours per week working at the national minimum or living wage. The Conservative initiative has been widely welcomed by working parents among whom it was a clear vote winner in the 2015 election, but Labour has warned that low-income families in insecure employment or on zero-hours contracts, who may be unable to guarantee how many hours of work they will get from one month to the next, will lose out. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 09:04:53 AM
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....“We have spent the last year fighting for the best Brexit deal for working people – one that protects their jobs and their rights at work,” said Frances O’Grady, its general secretary. “A no-deal Brexit would be devastating for jobs and the UK economy – and after the election result, the prime minister has no mandate for it. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:08 PM
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.... First, he said there was evidence that deunionisation, rising self-employment, and the “gig economy” had resulted in weaker wage growth than in the past. Second, the election result had thrown up a dust cloud of uncertainty. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 11:09:59 AM
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.... Her chancellor, Philip Hammond, was forced to loosen the purse strings. It meant that both of the main political parties went into the election with plans for the deficit to remain at about 2. ... [Read full article on Guardian ]
Sunday 18th of June 2017 04:54:09 PM
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.... They also differ on the realism of some key economic projections, including the important nexus between growth and the government budget, with Europe adopting a much more optimistic perspective. For those of us who have been following the Greek economic tragedy for many years, much of the European view continues to defy economic logic – and for a simple reason: European politicians worry about the domestic political consequences of granting Greece debt relief, especially ahead of Germany’s federal election in September. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 08:29:31 AM
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. Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 03:57:48 PM
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....The monitor, who has not yet been named, is due to begin its review of Deutsche’s activities in early July. The monitor – who will happen to be reviewing the period around the US election last year – was put in place as part of a $41m settlement with the US Federal Reserve announced at the end of May after the Fed found that the bank’s US operation did not have strong enough systems to detect suspicious transactions from the period of 2011 to 2015. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 05:38:41 PM
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....”. Gauke, who has been in his cabinet post for 10 days, said the benefits freeze would remain despite post-general election calls for an end to the austerity era. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 06:15:54 PM
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....The moves were warmly welcomed by campaign group Generation Rent, which says it is “testament to the power of renters when we get organised”. But the National Landlords Association condemned the move as “a political gesture from a government desperate to court voters who supported their opponents at the last general election”. ... [Read full article on Guardian ]
Saturday 24th of June 2017 06:00:00 AM
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....”. Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 08:41:04 AM
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.... City investment managers say their clients are increasingly twitchy about what David Davis, the UK’s chief negotiator, can achieve against the brick wall of intransigence built by EU leaders. It doesn’t matter to exporters that Nigel Farage says that a hard Brexit is for the birds, after the election and a hung parliament. ... [Read full article on Guardian ]
Saturday 24th of June 2017 04:05:04 PM
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....ITV’s hunt for a chief executive has narrowed to a shortlist that includes a senior Sky executive, the boss of an insurance group and the head of a Scottish broadcaster. Its board is expected to discuss the selection process at a meeting this week that could identify Adam Crozier’s successor, with an official announcement expected in July. ... [Read full article on Guardian ]
Sunday 18th of June 2017 01:45:50 PM
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....Campaigners have accused the Department for Transport of suppressing the report, which was submitted in December and was believed to be ready for publication in early April. A DfT spokesman said the report was very technical , had needed to be assessed by a number of bodies and had been published “as soon as practically possible” after the general election. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 09:33:08 AM
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.... And yet for the past fortnight her frustrations have been mixed with a glint of optimism. The election shock was a clear signal people have had enough, O’Grady tells the Observer. ... [Read full article on Guardian ]
Saturday 24th of June 2017 03:00:03 PM
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....6 per cent in March, putting another £3,500 on the cost of a house in a single month, according to figures from the Office for National Statistics. North London estate agent Jeremy Leaf, a former chairman of the Royal Institute of Chartered Surveyors, says the figures are encouraging, but date from before the election and sales are likely to slow over the summer: “Until the politics have been resolved, many potential buyers will be adopting a wait-and-see attitude. ... [Read full article on Daily Express ]
Sunday 18th of June 2017 09:46:00 AM
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. The chancellor, Philip Hammond, hinted on Sunday that the government would ease up on its austerity programme, saying the Conservatives were “not deaf” to the message delivered by the election result. ... [Read full article on Guardian ]
Sunday 18th of June 2017 09:51:43 AM
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Latest Finance News related to Election

Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
.... City investment managers say their clients are increasingly twitchy about what David Davis, the UK’s chief negotiator, can achieve against the brick wall of intransigence built by EU leaders. It doesn’t matter to exporters that Nigel Farage says that a hard Brexit is for the birds, after the election and a hung parliament. ...
Life swap … landlords are being given the chance to live like their tenants image
....The moves were warmly welcomed by campaign group Generation Rent, which says it is “testament to the power of renters when we get organised”. But the National Landlords Association condemned the move as “a political gesture from a government desperate to court voters who supported their opponents at the last general election”. ...
Jailing Barclays bankers won’t save us from another financial crash | Joris Luyendijk image
....Whether Theresa May ends up with a City job paying huge rewards remains to be seen. It can’t hurt her chances that the Tory election manifesto promised to scrap the Serious Fraud Office – the body that has now brought charges against the Barclays bankers. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....“We have spent the last year fighting for the best Brexit deal for working people – one that protects their jobs and their rights at work,” said Frances O’Grady, its general secretary. “A no-deal Brexit would be devastating for jobs and the UK economy – and after the election result, the prime minister has no mandate for it. ...
Triple lock on pensions will go eventually, says pensions secretary image
Source : Guardian [Read Article] Thursday 22nd of June 2017 06:15:54 PM
....”. Gauke, who has been in his cabinet post for 10 days, said the benefits freeze would remain despite post-general election calls for an end to the austerity era. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....The monitor, who has not yet been named, is due to begin its review of Deutsche’s activities in early July. The monitor – who will happen to be reviewing the period around the US election last year – was put in place as part of a $41m settlement with the US Federal Reserve announced at the end of May after the Fed found that the bank’s US operation did not have strong enough systems to detect suspicious transactions from the period of 2011 to 2015. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). The pound has weakened again after Theresa May’s election gamble backfired and she failed to secure a majority in parliament. ...
Southern tried to run too many trains on poor infrastructure: report image
Source : Guardian [Read Article] Thursday 22nd of June 2017 09:33:08 AM
....Campaigners have accused the Department for Transport of suppressing the report, which was submitted in December and was believed to be ready for publication in early April. A DfT spokesman said the report was very technical , had needed to be assessed by a number of bodies and had been published “as soon as practically possible” after the general election. ...
Greek debt: IMF and EU's quick fix isn't enough | Mohamed El-Erian image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:29:31 AM
.... They also differ on the realism of some key economic projections, including the important nexus between growth and the government budget, with Europe adopting a much more optimistic perspective. For those of us who have been following the Greek economic tragedy for many years, much of the European view continues to defy economic logic – and for a simple reason: European politicians worry about the domestic political consequences of granting Greece debt relief, especially ahead of Germany’s federal election in September. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
. Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies. ...
Bank of England rift as chief economist ponders interest rate rise image
Source : Guardian [Read Article] Wednesday 21st of June 2017 11:09:59 AM
.... First, he said there was evidence that deunionisation, rising self-employment, and the “gig economy” had resulted in weaker wage growth than in the past. Second, the election result had thrown up a dust cloud of uncertainty. ...
UK budget deficit to increase this year amid living standards squeeze image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:49:47 AM
....“We still think that borrowing for the fiscal year as a whole will increase by several billion pounds as a number of one-off factors that lowered borrowing in 2016-17 unwind,” he said. “What’s more, the election result suggests that the planned forthcoming fiscal squeeze may be scaled back slightly. ...
Tories' 30-hour free childcare plan fails to target poor families, says expert image
.... To qualify, each parent – or the sole parent in a single parent family – will need to earn at least the equivalent of 16 hours per week working at the national minimum or living wage. The Conservative initiative has been widely welcomed by working parents among whom it was a clear vote winner in the 2015 election, but Labour has warned that low-income families in insecure employment or on zero-hours contracts, who may be unable to guarantee how many hours of work they will get from one month to the next, will lose out. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
....If this seems like a stretch, that’s because pundits and politicians have spent decades defining the idea of democracy downwards. It has come to mean little more than holding elections every few years. ...
Tesco home delivery customers left fuming over computer glitch image
Source : Guardian [Read Article] Tuesday 20th of June 2017 11:25:52 AM
....”. She said the computer glitch was affecting the selection process of some orders. ...
Philip Hammond says Brexit deal must put jobs and prosperity first image
Source : Guardian [Read Article] Tuesday 20th of June 2017 08:41:04 AM
....”. Hammond, who campaigned for remain in the referendum and has been arguing in cabinet against the idea of Britain leaving the EU without a deal, said the result of the general election had shown that the country was “weary after seven years of hard slog repairing the damage of the great recession”. ...
Senior Barclays bankers charged with fraud over credit crunch fundraising image
.... Jenkins and Boath said they would contest the charges; there has not been any comment from Varley and Kalaris. The charging decision has been postponed on a number of occasions, initially to the end of March, then the end of May and then to mid-June, and comes as the SFO faces abolition under plans set out in the Conservative election manifesto. ...
UK economy will slow amid Brexit talks and pay squeeze, warns CBI image
Source : Guardian [Read Article] Monday 19th of June 2017 11:01:49 PM
.... “But with uncertainty still holding back larger spending projects, we expect investment to wane over the course of 2018,” the outlook added. The forecasts were compiled before the general election, which resulted in Theresa May losing her parliamentary majority. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....Theresa May is expected to forge ahead with an energy price cap this week despite misgivings among Tory ranks and warnings it could prove a “political and consumer timebomb”. If the prime minister opts for the wide-ranging intervention promised during the election – which she said would save 17m households up to £100 on bills – such a measure would require primary legislation and feature in the Queen’s speech on Wednesday. ...
UK business groups plead for economy to be put first in Brexit talks image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:38:33 PM
....Adam Marshall, director general of the BCC, said businesses had felt disappointed that the economy had been sidelined in recent months and they wanted assurances they would be listened to as Brexit negotiations proceed. “There was disillusionment with an election campaign that failed to realise the importance of the economy,” he told the Guardian. ...
Barclays to learn if SFO will press charges over Qatari cash injections image
.... The stakes are high, not only for the individuals involved and the bank itself, which has been trying to restore its reputation after a series of scandals, but also for the SFO and its head, David Green. The Conservatives’ election manifesto pledged to fold the SFO into the National Crime Agency. ...
ITV narrows search for successor to chief executive Adam Crozier image
Source : Guardian [Read Article] Sunday 18th of June 2017 01:45:50 PM
....ITV’s hunt for a chief executive has narrowed to a shortlist that includes a senior Sky executive, the boss of an insurance group and the head of a Scottish broadcaster. Its board is expected to discuss the selection process at a meeting this week that could identify Adam Crozier’s successor, with an official announcement expected in July. ...
Philip Hammond hints government will ease up on austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 09:51:43 AM
. The chancellor, Philip Hammond, hinted on Sunday that the government would ease up on its austerity programme, saying the Conservatives were “not deaf” to the message delivered by the election result. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
....6 per cent in March, putting another £3,500 on the cost of a house in a single month, according to figures from the Office for National Statistics. North London estate agent Jeremy Leaf, a former chairman of the Royal Institute of Chartered Surveyors, says the figures are encouraging, but date from before the election and sales are likely to slow over the summer: “Until the politics have been resolved, many potential buyers will be adopting a wait-and-see attitude. ...
Brexiters have voted for a poverty even worse than austerity image
Source : Guardian [Read Article] Sunday 18th of June 2017 06:00:04 AM
. When I suggested before the election that an ideal outcome would be a hung parliament and a coalition to think again on Brexit, I was certainly not thinking of the DUP. ...
Big business leaders press Theresa May to rethink hard Brexit image
Source : Guardian [Read Article] Sunday 18th of June 2017 03:48:03 AM
. Senior business figures have heaped further pressure on Theresa May to change course for a softer Brexit in the wake of the election, amid fresh warnings of the impact of immigration controls and leaving the single market. ...
Record levels of green energy in UK create strange new world for generators image
.... RWE moved its renewables business into “RWE International” on 1 April 2016. Cries of woe from lobbyists haven’t gone unnoticed, and the future of Germany’s big energy giants could feature in the upcoming federal elections in September. ...
Philip Hammond under pressure to spend to lure voters back to Tories image
Source : Guardian [Read Article] Saturday 17th of June 2017 03:00:41 PM
....Philip Hammond is resisting Theresa May’s demands for an end to austerity amid Treasury concerns that loosening the purse strings will lead to a black hole in the government’s finances. The chancellor has used discussions with the prime minister since the election to press the case for a cautious approach to the public finances, despite the widespread view among Conservative MPs that seven years of spending cuts and pay restraint handed seats to Jeremy Corbyn’s Labour party. ...
What’s the best pet for a six-year-old? image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:31 AM
. Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper. ...
Related to :
Danish beauty website wants £83 for products that were never ordered image
....LuxStyle tells The Observer that it is the victim of media misrepresentation. “In order for an order to be created in the system, the visitor has to fill in their personal details, make a selection between several offers, confirm the selection and agree to the shipment of the order for the offered total price and the terms and conditions. ...
The eurozone must reform or die | Kenneth Rogoff image
Source : Guardian [Read Article] Friday 16th of June 2017 05:00:00 AM
. With the election of a reform-minded centrist president in France and the re-election of the German chancellor, Angela Merkel, seeming ever more probable, is there hope for the stalled single-currency project in Europe? Perhaps, but another decade of slow growth, punctuated by periodic debt-related convulsions, still looks more likely. ...
Morrisons' indignation over shareholder rebellion is misplaced | Nils Pratley image
....4m a year ago – is rightly being taken as a worrying sign for the sector. DFS blamed “customer uncertainty regarding the general election and the uncertain macroeconomic environment”. ...
UK student loan debt soars to more than £100bn image
Source : Guardian [Read Article] Thursday 15th of June 2017 11:12:28 AM
....9bn. Jeremy Corbyn made younger voters a key focus of Labour’s election campaign, promising to scrap tuition fees for new university students. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
.... While shops have absorbed some of the extra cost, many have passed on some in the form of higher prices. Keith Richardson, managing director retail sector at Lloyds bank’s commercial banking arm, said hopes for a post-election bounce appear to have been dashed, with further political uncertainty potentially damaging consumer confidence. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
....A surprise profit warning from sofa chain DFS has sent shockwaves through the high street, as concerns grow that Britons’ spending power is being squeezed by higher living costs. The chief executive of DFS, Ian Filby, blamed a sharp fall in orders in recent weeks on the upheaval created by the general election as well as the general air of uncertainty hanging over the economy. ...
UK car insurers saw losses of £3.5bn in 2016 due to new compensation rules image
.... Young drivers will undoubtedly have to bear the brunt of the increase due to the disproportionate number of larger claims they cause. A fundamental review of Ogden and the government’s proposed whiplash reforms are increasingly urgent for consumers and must not be abandoned in the aftermath of the general election. ...
The Guardian view on austerity economics: it failed | Editorial image
Source : Guardian [Read Article] Wednesday 14th of June 2017 07:07:26 PM
.... Mr Hammond has been warning of the dangers of Britain being outside both the single market and the customs union since entering 11 Downing Street last summer. Until now, his counsel has not been sought by Theresa May, and there was plenty of talk about the chancellor losing his job in a post-election reshuffle. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
.... It would be easier – and cheaper – to beef up the regulatory system than to buy an entire industry. Andrew Tyrie will be a hard act to follow as chairman of the Treasury select committee, as said here when the Conservative MP for Chichester announced his retirement from parliament before the election. ...
Theresa May is warned: don't break election vow on energy price cap image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:33:11 PM
....Theresa May has been urged to hold her nerve and stick with her campaign pledge to cap energy prices for millions of households, after it emerged cabinet ministers have told her to scrap the flagship policy. A leading Conservative MP said that the cap was one of the few genuinely popular policies with voters in the election, and called on the prime minister to ignore attempts to scrap the measure. ...
Mulberry says terrorism and election uncertainty may have hit UK sales image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:00:13 PM
. New designs and website improvements lifted sales and profits at Mulberry in the last year, but the British brand has warned that uncertainty around the general election and terrorist attacks hit UK sales in recent months. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
.... Big banks such as Goldman Sachs and JP Morgan have also said they would shift jobs out of London in response to Brexit. The MP for North East Cambridgeshire, who was first elected in 2010, has the formal title of economic secretary to the Treasury and replaces Simon Kirby, who lost his seat in last week’s election and had faced criticism while in the role. ...
Thames Water given maximum £8.5m fine for missing leak target image
Source : Guardian [Read Article] Wednesday 14th of June 2017 10:38:37 AM
....England is the only nation to have a fully privatised water industry, which has been criticised for making large dividend payments to owners. The Labour party’s recent election manifesto pledged to renationalise the industry, which it called “dysfunctional”. ...
Shop around to tackle inflation as rate at four-time high image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:20:00 AM
....6 per cent in April and 2. 3 per cent in March, with more expected as the pound weakens further after the election and pushes up the price of imported goods. ...
Google and Facebook face penalties if they don't stop online hate image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:22:44 PM
....At a bilateral meeting in Paris on Tuesday, both French president Emmanuel Macron and Theresa May agreed to explore creating a new legal liability for tech companies if they fail to remove inflammatory content, which could include penalties such as fines. The joint campaign to tackle online radicalisation offers May a route to seize back the political agenda after a testing weekend following the election. ...
Foreign investors snapping up London homes suitable for first-time buyers image
....Labour’s shadow housing secretary, John Healey, said a Labour government would give local people “first dibs” on new homes ahead of overseas buyers. “This failure on housing was one of the reasons why the Conservatives fell short at the election last week,” he said. ...
Incomes squeeze denied May a landslide – now she must change course image
Source : Guardian [Read Article] Tuesday 13th of June 2017 01:06:01 PM
. Anyone seeking an explanation for the bloody nose received by the government in the election should start with wages, prices and living standards. ...
House price inflation in April at six-month high, official figures show image
....6%. “That said, transactional volume was down on a month-on-month basis, and it is reported that both buyer and seller demand dwindled – no doubt a knee-jerk reaction to the news of a snap election. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
....The TUC general secretary, Frances O’Grady, said the inflation figures underlined the pressure on the new government to help households cope with rising living costs. “The election showed that working people are struggling. ...
UK employers plan to keep hiring despite Brexit and slow growth image
Source : Guardian [Read Article] Tuesday 13th of June 2017 05:01:47 AM
....ManpowerGroup said employers were still intending to increase their workforces on average in the coming quarter, with employers most optimistic in Yorkshire and Humberside, the south-east and West Midlands. “Employers have faced a triple whammy of uncertainty over the last few months – a snap election, the triggering of article 50, and weak economic data for the first half of 2017. ...
Moody's warns election result will complicate Brexit talks image
Source : Guardian [Read Article] Monday 12th of June 2017 11:01:40 PM
. The inconclusive outcome of Britain’s snap election will complicate and probably delay Brexit negotiations that were due to start next week, a leading credit rating agency has warned. ...
Bosses are right: political uncertainty will damage the economy | Nils Pratley image
....Mullen got the job in the middle of the campaign and immediately disassociated himself from his predecessor Richard Glynn’s letter-signing tendencies. “Our business is to take bets on the general election, not to tell people how to vote,” said Mullen. ...
Tech shares keep sinking amid concerns sector is slowing image
Source : Guardian [Read Article] Monday 12th of June 2017 04:33:15 PM
....”. Strong quarterly earnings have helped technology stocks fill a void left by financial and industrial stocks after a post-election rally faded. ...
Bosses under fire for telling staff to vote Tory or risk losing jobs image
Source : Guardian [Read Article] Monday 12th of June 2017 04:05:44 PM
....Social media users labelled betting firm Jenningsbet disgusting after staff were told the company could go bust, costing them their jobs, unless the Tories won. Brooker, the managing director and co-owner of Watford-based Storm Technologies, wrote to staff on the day of the election saying he hoped they would “exercise your right to elect your chosen candidate/party”. ...
PENSION CHAOS: Election leaves retirees in the dark over pension tax rules image
Source : Daily Express [Read Article] Monday 12th of June 2017 04:00:00 PM
....New rules affecting people who have started drawing money from savings were supposed to be introduced in April. But the snap election delayed implementation of the accompanying legislation. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
....The warning comes as financial speculators circle London’s stock markets and investors bet on the value of the pound, triggering a period of intense volatility while No 10 attempts to restore a sense of confidence in the government. On Friday, in the hours immediately after the surprise election result, the pound fell to an eight-week low and shares in banks, builders and retailers fell. ...
House sales in Greater London slump by almost a third in a year image
Source : Guardian [Read Article] Monday 12th of June 2017 06:01:18 AM
....8%. Acadata said there was little sign that the general election had dampened the market in May, but there had been a long-term shift in activity. ...
UK household spending falls for first time since 2013 image
Source : Guardian [Read Article] Monday 12th of June 2017 04:30:17 AM
....That chimes with recent signs the UK economy is struggling to eke out growth this year and has fallen behind its peers as the effects of last summer’s Brexit vote start to bite. Economists are worried that the inconclusive result of last week’s snap general election will add to the mood of uncertainty among consumers and businesses alike. ...
Farming is a fresh field for Michael Gove's slash and burn politics image
Source : Guardian [Read Article] Sunday 11th of June 2017 08:08:48 PM
.... Johnson was the affable public face of Brexit; but many senior Tories believe Gove brought an intellectual heft that helped make the cause politically respectable. Downing Street suggested that Gove’s appointment was a “bold move”, underlining erstwhile rivals, as she rebuilds her authority in the wake of Thursday’s general election result. ...
Private schools to save £522m in tax thanks to charitable status image
Source : Guardian [Read Article] Sunday 11th of June 2017 05:06:19 PM
.... It also said academies, foundation schools and voluntary-aided schools automatically qualified for charitable status, while insisting that state-school funding accounted for the cost of business rates. In the run-up to the election, Labour leader Jeremy Corbyn announced plans to charge VAT on private school fees to fund free school meals for primary school children. ...
Naomi Klein: ‘Trump is an idiot, but don’t underestimate how good he is at that’ image
....She obviously hopes that is not the case, pointing to the parts of the book in which she criticises Hillary Clinton and Obama and (even) Bernie Sanders for failing to connect effectively enough to the lives of the left-behind. Her overriding anxiety is that while the liberal left wrings its hands over the ways that the US election was lost, and gets embroiled in Russian conspiracy theories, not enough attention is being paid to the conspiracy happening in plain sight: the dangers of kleptocracy, and the broken promises to the working class. ...
If hard Brexit is dead, the odds on a chaotic one have shortened image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
....The immediate problem is that the negotiating clock is now ticking. May’s biggest mistake – bigger than the botched manifesto, the U-turns and her arrogantly aloof approach to campaigning – was to trigger article 50 before calling the general election. ...
While Corbyn inspired the young, May was terrifying the old image
Source : Guardian [Read Article] Sunday 11th of June 2017 06:00:47 AM
....”. It is a sentiment echoed by millions of voters, many of them newly registered millennials, who used the general election to demand many things from MPs, including a softer Brexit than the one planned by May. ...
Britain looks set for a politically hot summer but what is the future for your finances? image
....Share prices, the bond markets and sterling were surprisingly calm on Friday, but there is no guarantee this will last if an extended period of uncertainty looms for the UK. Britain looks set for a long and politically hot summer, possibly followed by a second election in the autumn, and your finances will have to be far stronger and more stable than Theresa May has been to get through. ...
Brexit talks and government uncertainty cast a long cloud over business image
Source : Daily Express [Read Article] Sunday 11th of June 2017 12:01:00 AM
. Geoff, who heroically leapt in to save his friends, is on the mend and will be itching to help us make sense of what the election shock means for UK business. ...
Double whammy for British tourists as pound plunges and prices rise abroad image
....British tourists travelling to the continent this summer will lose hundreds of euros in exchange rates compared with two years ago, as ongoing political turmoil continues to hit sterling. Holidaymakers buying €1,000 can now expect to pay around £879 after sterling dropped as markets reacted to the result of the snap general election. ...
My bank has stopped its deposit service – where can I store my valuables? image
. Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper. ...
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Pound recovers after sharp falls as political turmoil hits markets image
Source : Guardian [Read Article] Friday 9th of June 2017 04:46:50 PM
. The pound fell to an eight-week low and shares in housebuilders, banks and retailers lost ground after the shock election result, which increased uncertainty over both the forthcoming Brexit talks and the UK’s economic prospects. ...
Business leaders demand answers over Brexit strategy image
Source : BBC [Read Article] Friday 9th of June 2017 02:03:46 PM
....And other groups have insisted new ministers refocus their positions ahead of the start of official Brexit talks. Few individual chief executives or companies have commented on the shock election result, with many privately waiting to see how a potential Conservative-DUP coalition is formed. ...
How election outcome shocked the City image
Source : BBC [Read Article] Friday 9th of June 2017 11:37:12 AM
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What are the markets telling us about the election? image
Source : BBC [Read Article] Friday 9th of June 2017 11:36:19 AM
.... Others they are dumping. As politicians flounder for answers, the City's judgement on the election result tells us a much clearer story. ...
German firms grapple with UK poll result image
Source : BBC [Read Article] Friday 9th of June 2017 11:19:21 AM
. It's a strange day when German business leaders - hardly known for their Bolshevism - are tentatively raising their glasses to toast a favourable election result for a left-wing, pro-borrowing, high-spending candidate. ...
Dementia tax: Tory-DUP coalition could take care cost reforms off agenda, says ex minister image
. Huge changes to the way older people would contribute to care costs were unveiled in the Tory manifesto, and are thought to be part of the reason the Conservatives failed to get a majority in the 2017 election, resulting in a hung parliament. ...
Election 2017: Hung parliament and coalition means more house prices turmoil, warn experts image
. Buyers and sellers could put plans to move on hold after the 2017 election resulted in a hung parliament, as a new Government forms and housing policies for the future become clear. ...

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