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....One of the few women at the top of one of the UK’s biggest energy generation companies, Thompson was not always comfortable in the glare of press scrutiny, but was a well-regarded leader who reinvented a major power firm. Along the way, she secured what will amount to billions of pounds in public subsidies for its wood-burning units. ... [Read full article on Guardian ]
Thursday 21st of September 2017 02:08:17 PM
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....5%, during a difficult time in the grocery market. Traditional grocers have come under pressure from the fast-expanding discounters Aldi and Lidl as shoppers have looked to save money in the face of inflation fuelled by the fall in the value of the pound since the EU referendum. ... [Read full article on Guardian ]
Thursday 21st of September 2017 11:09:46 AM
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Ryanair boss Michael O’Leary may be flying by the seat of his pants in row with pilots | Nils Pratley image
.... In the market for providing in-house catering for companies, schools, hospitals, and so on, only French group Sodexo gets close. It has been a classic turnaround tale, followed by years of steady growth and compounding returns. ...
Drax boss Dorothy Thompson to step down after 12 years image
Source : Guardian [Read Article] Thursday 21st of September 2017 02:08:17 PM
....One of the few women at the top of one of the UK’s biggest energy generation companies, Thompson was not always comfortable in the glare of press scrutiny, but was a well-regarded leader who reinvented a major power firm. Along the way, she secured what will amount to billions of pounds in public subsidies for its wood-burning units. ...
Co-op profits fall as it offloads final stake in bank image
Source : Guardian [Read Article] Thursday 21st of September 2017 11:09:46 AM
....5%, during a difficult time in the grocery market. Traditional grocers have come under pressure from the fast-expanding discounters Aldi and Lidl as shoppers have looked to save money in the face of inflation fuelled by the fall in the value of the pound since the EU referendum. ...
UK shoppers continue to spend despite rising prices image
Source : Guardian [Read Article] Wednesday 20th of September 2017 12:58:06 PM
....2%. The pound leapt against the dollar on the figures, which add weight to a potential rate hike by the Bank of England for the first time in a decade. ...
Water company complaints top 2m as progress 'stalls' image
Source : Guardian [Read Article] Wednesday 20th of September 2017 06:58:15 AM
....“But as an industry we want to keep getting better, and make sure the downward trend in complaints and the increase in customer satisfaction continues. That’s why companies are investing billion of pounds over the next few years and increasing their focus on customer service. ...
IMF and World Bank members must stop rise of economic non-order | Mohamed El-Erian image
.... And nationality, rather than merit, still is the dominant guide for the appointment of these institutions’ leaders, with top positions still reserved for European and US citizens. The destabilising consequences of this obstinate failure to reform sufficiently multilateral governance have been compounded by China’s struggle to reconcile its domestic priorities with its global economic responsibilities as the world’s second-largest economy. ...
US airlines 'very concerned' over aviation regulations post-Brexit image
Source : Guardian [Read Article] Wednesday 20th of September 2017 05:00:37 AM
....US airlines have told the UK to move faster to ensure passenger and cargo flights to Heathrow, Stansted and other airports will continue without disruption after Britain leaves the EU. The aviation trade body Airlines for America, whose members include United, American Airlines and FedEx, says the multibillion pound traffic in both directions will be put at risk unless politicians concentrate their minds on the impact Brexit will have on the industry. ...
Cadbury staff get sweet relief from inflation with new pay deal image
Source : Guardian [Read Article] Tuesday 19th of September 2017 04:08:44 PM
.... The pay deal for 2018-19 will be based on the RPI in February next year. British households have come under increasing pressure from soaring inflation this year, sparked by the drop in the pound following the Brexit vote. ...
Ryanair offers pilots £12,000 bonus to tackle cancelled flights fiasco image
Source : Guardian [Read Article] Tuesday 19th of September 2017 01:25:39 PM
....Ryanair has also cancelled flights to Lisbon, leading to anxiety among Manchester United fans who have already bought tickets for their team’s Champions League tie with Benfica on 18 October. Leslie Lee, a TV producer living in London, was told by text on the morning of her flight that it had been cancelled, and said she was hundreds of pounds out of pocket after booking an alternative flight with British Airways. ...
Aldi and Lidl increase share of British shoppers as inflation hits spending image
Source : Guardian [Read Article] Tuesday 19th of September 2017 08:22:50 AM
.... Prices rose 3. 2% in the period, partly as a result of the fall in the pound since the Brexit vote. ...
Ministers launch group to help boost green business investment image
Source : Guardian [Read Article] Monday 18th of September 2017 05:28:07 PM
....Claire Perry, minister for climate change, said the UK already showed strong investment in low-carbon activities, and should build on its strengths. “The transition to a low-carbon economy is a multi-billion pound investment opportunity and a key part of this government’s industrial strategy,” she said. ...
UK debt is explosive – and it only needs a spark to light the fuse | Larry Elliott image
.... Instead of collapsing, the economy grew more quickly in the second half of 2016 than it had in the first half. Consumers could see that the fall in the value of the pound would push up the cost of imported goods and so decided to buy big-ticket items – often with borrowed money – before prices went up. ...
Fall in migration after Brexit could push up inflation, says Carney image
Source : Guardian [Read Article] Monday 18th of September 2017 03:36:20 PM
.... But this time, there have been indications from Carney, as well as previously dovish MPC members such as Gertjan Vileghe, who was previously considered the Bank’s strongest opponent of a rate hike. The pound, which surged to its highest level since the Brexit vote in June 2016 on Friday after Vileghe made the case for rate rises, slipped back 0. ...
Five reasons why global stock markets are surging | Nick Fletcher image
Source : Guardian [Read Article] Monday 18th of September 2017 11:10:43 AM
....Global stock markets are at record highs, with the MSCI All Country World Index reaching a new peak on Monday and both the Dow Jones Industrial Average and the S&P 500 in uncharted territory. European and UK markets are also attracting investors again, although they are below their best levels due to the strength of the euro and the pound making exports pricier. ...
Launch of iPhone X is a reminder of the perils of paying monthly for your mobile image
.... The same cannot be said for the billing systems surrounding mobile phones through which the vast majority of people pay too much for their monthly contract. It is estimated that upwards of three-quarters of people are on the wrong mobile phone contract for their needs and are consequently losing hundreds of pounds over the lifetime of the deal when cheaper options are available. ...
Most Britons 'dislike prospect of living near mini nuclear station' image
Source : Guardian [Read Article] Sunday 17th of September 2017 11:01:53 PM
....Most small modular reactors (SMRs) would generate less than a tenth of the power the projected Hinkley Point C will provide, but are backed by industry as a cheaper option to big nuclear plants and an opportunity for British firms to be first in a new technology. The government’s multimillion-pound competition to help build the first one in the UK has, however, been repeatedly delayed. ...
What will justify an interest rate rise in November? | Richard Partington image
Source : Guardian [Read Article] Sunday 17th of September 2017 01:38:31 PM
....Gertjan Vlieghe, an external member of the Bank’s rate-setting panel not usually associated with the hawks pushing for higher rates, hinted that a rise of more than 0. 25 points may be needed, which sent the pound soaring on Friday to the highest level since the day after the Brexit vote. ...
How to find the best remortgage rates and beat the rise image
Source : Daily Express [Read Article] Sunday 17th of September 2017 12:34:00 PM
. Remortgaging to a cheaper deal can save you thousands of pounds a year and fix your borrowing costs at a low rate for two, five or even 10 years. ...
Don’t dismiss bankers' predictions of a bitcoin bubble – they should know image
.... There is no central authority validating the creation of bitcoins – instead, they are recorded on a public electronic ledger called a blockchain. If you regard the Bank of England as an all-powerful insurer for the pound, there is no such institution behind bitcoin. ...
Blue Bottle Coffee sells to Nestlé – so has it sold out? image
Source : Guardian [Read Article] Saturday 16th of September 2017 11:00:10 AM
....In the realm of coffees with precisely-calibrated water temperatures and pour-over brew times, customers said the change of ownership is a potential disruption to its loyal but easily spooked customer base. Steven Plunkett, a fellow customer, recalled how Starbucks,the world’s biggest coffee chain, purchased the California bakery La Boulange for $100m in 2012 and soon closed it down, explaining that blueberry scones and iced lemon pound cakes could not sustain the stores for long-term growth. ...
The elderly could do with a national wealthcare service image
Source : Guardian [Read Article] Saturday 16th of September 2017 06:00:04 AM
.... Her husband collected his state pension from the post office for 23 years. She recently went along herself for the first time, the counter clerk counted out the money – several hundred pounds – and handed it to her, with a long queue of people behind. ...
Prospect of interest rate rise sends pound back to level of Brexit result day image
. The prospect of the first interest rate rise in a decade has sent the pound to its highest level since the day after the Brexit vote and put debt-laden consumers on notice of higher borrowing costs. ...
End austerity – and kickstart Martin Luther King’s revolution of values | Richard Kozul-Wright image
.... The gaps between the rich and everyone else are now wider than ever, and across much of the world the drive to achieve full employment with strong welfare provision was thrown into reverse gear decades ago, as governments reinvented themselves as “enablers” rather than “providers”. The resulting sense of collective anxiety has been compounded by a growing fear that robots and rentiers are taking precedence over the livelihoods of working people and their aspirations. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
.... It added that a majority of the interest rate setting committee agreed with that assessment, and the governor, Mark Carney, later confirmed that he shared the majority view. The pound jumped more than 1% against the dollar and the euro as the financial markets digested the impact of the comments. ...
Next softens doom and gloom forecasts despite fall in profits image
Source : Guardian [Read Article] Thursday 14th of September 2017 08:32:17 AM
....Wolfson, a prominent Vote Leave campaigner whose views on the economy are closely watched, also predicted that Brexit-related price rises would come to an end next year. It had previously warned customers that its prices would rise by about 5% in 2017, as the collapse in the value of the pound since the EU referendum made imported goods and services more expensive. ...
G4S may make more profit than allowed from removal centres, figures suggest image
Source : Guardian [Read Article] Wednesday 13th of September 2017 05:36:45 PM
.... The company made £2m more than it had forecast on Brook House despite receiving £89,574 less from the Home Office than it had asked for to run it. The revelations of the scale of the profits come at a difficult time for G4S, the world’s largest security group, which is currently in the process of bidding to renew its multimillion-pound contract to run Brook House. ...
Bell Pottinger unlikely to honour payments to co-founder Tim Bell image
Source : Guardian [Read Article] Wednesday 13th of September 2017 01:42:52 PM
. The co-founder of Bell Pottinger, Tim Bell, has emerged as one of the creditors the firm’s administrators are unlikely to be able to pay back, with a £300,000 bill outstanding from his multimillion-pound deal to leave the disgraced City PR firm last year. ...
House prices: How to get the BEST deal from your estate agents image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 10:10:00 AM
....Get the Correct price. Estate agents can charge thousands of pounds for selling your house and on more expensive properties fees can go through the roof. ...
UK wage rises lag behind inflation despite lowest jobless rate since 1975 image
Source : Guardian [Read Article] Wednesday 13th of September 2017 10:07:10 AM
....Jeremy Cook, the chief economist at the currency firm WorldFirst, said there was “little to celebrate” when people were “only getting poorer due to wages that can’t keep up with inflation”. Cook blamed Brexit fears that hang over businesses and cost-cutting that followed the fall in the pound and consequent rise in import costs. ...
UK cities expected to get millions of pounds for green energy projects image
Source : Guardian [Read Article] Wednesday 13th of September 2017 05:00:02 AM
. Green energy projects run by cities and local authorities around the UK stand to receive millions of pounds of government support, providing another fillip for renewable power just a day after the subsidised price of windfarms hit a record low. ...
More bills misery: Bills set to rocket while wages stay flat - experts image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 12:01:00 AM
.... . Analysts are urging the Bank of England to consider hiking interest rates to strengthen the pound, curb inflation and give a boost to savers. ...
iPhone X: new Apple smartphone dumps home button for all-screen design image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:57:46 PM
....Apple’s senior vice president of worldwide marketing, Phil Schiller, took to the stage of the company’s new Steve Jobs Theater situated within the brand new Apple Park “spaceship” headquarters to unveil the new iPhones. The new $999 (£999 – there is dollar-to-pound equality on the new range of Apple products) iPhone X will come with the company’s new iOS 11 software featuring new on-screen buttons and gestures to replace the standard physical home button, which has been a mainstay of iPhones since the line’s launch in 2007, plus new animated emoji called Animoji. ...
Hammond eases public sector pay cap, but the squeeze goes on image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:22:02 PM
.... The gap is expected to continue for the rest of the parliament, leaving public sector workers suffering the longest squeeze relative to the private sector in a generation. Inflation figures for August made the situation worse after they showed that the Brexit-induced fall in the pound is continuing to push up the price of imports. ...
Bell Pottinger goes into administration amid South Africa scandal image
Source : Guardian [Read Article] Tuesday 12th of September 2017 05:35:58 PM
....The London-based parent firm is thought to have accumulated losses of about £5m – in part related to payouts to former management, including its co-founder Tim Bell who left last summer – which it has no prospect of recouping. “The level of those losses, compounded by the inability of the business to win new clients, was such that remaining management were left with no option but to commence the process to place all UK Bell Pottinger entities into administration,” BDO said. ...
JD Sports Fashion rides athleisure boom as sales rise by more than 40% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 12:10:58 PM
....The retailer was also helped by its outdoorwear division moving into profit for the first time, helped by the acquisition of the Go Outdoors chain last year. Cowgill said the group had done well with camping gear but it was difficult to attribute that directly to a trend towards staycations since the fall in the value of the pound. ...
Cost of living surges amid warnings the Bank of England could soon hike interest rates image
....6 per cent in July, as measured by the Consumer Prices Index (CPI), thanks to the rising cost of clothing and airfares, according to the Office for National Statistics (ONS). And the pound jumped following the latest cost of living figures, as the chance of the Bank of England raising interest rates appears to have increased. ...
When is the right time to buy a property? image
Source : Guardian [Read Article] Monday 11th of September 2017 01:45:29 PM
....If we were talking a small amount of money it would be worth it for the sake of having my own place – I’m not getting any younger. But as far as I can see, if I buy now I will end up two years hence thousands of pounds worse off than if I continue renting while my invested assets grow. ...
UK green energy expensive? Not any more. From now on it's cheap image
Source : Guardian [Read Article] Monday 11th of September 2017 11:38:12 AM
....New power stations in the UK today are usually only built with the certainty provided by subsidies paid through energy bills, so the record low guaranteed price awarded to the developers of three new mega offshore windfarms today is, first and foremost, welcome news for consumers. It is also good for the economy post-Brexit, for the foreign-owned developers behind the multibillion-pound projects, and the increasingly UK-based supply chain that supports them, such as Siemens’ £310m wind turbine factory in Hull. ...
Should first-class train travel be abolished? image
Source : Guardian [Read Article] Monday 11th of September 2017 08:00:00 AM
....Barry Doe, who writes a column about train fares for Rail magazine, says he quite often takes first class from Bournemouth to London: “And some of my fellow travellers are students. They’ve seen they can get a standard-class advance fare for £15, and first class for just a pound more. ...
Nuclear plans 'should be rethought after fall in offshore windfarm costs' image
Source : Guardian [Read Article] Monday 11th of September 2017 06:55:21 AM
....“The epoch of renewables as the most cost competitive technology has arrived,” said energy analysts Cornwall Insight, while the Economist Intelligence Unit said they showed “the trajectory of cheaper renewable technologies is irreversible”. Ministers said the multimillion-pound pot of subsidies would generate clean power for 3. ...
Recruitment agency Cordant morphs into social enterprise image
Source : Guardian [Read Article] Monday 11th of September 2017 05:00:04 AM
....Profit, above what is paid to shareholders, will be shared with the company’s 1,500 permanent staff, while company money will be channelled into projects that “address the needs of society”, Cordant said. It has yet to finalise its plans but this will include offering staff and IT systems to the NHS at cost rather than for profit, which it says will save the health service “millions of pounds”. ...
There is no Brexit ‘punishment’, apart from the self-inflicted one image
Source : Guardian [Read Article] Sunday 10th of September 2017 06:00:29 AM
....As the French president, Emmanuel Macron, stated in June, in spite of everything, the door to continued EU membership remains open. The ridiculous thing is that there are enough problems in the British economy and British society without the added self-inflicted damage from Brexit – a first taste, of course, being the collapse of the pound, which has hit British holidaymakers forcibly this summer. ...
Personal finance: Britons keeping calm and carrying on despite Brexit image
Source : Daily Express [Read Article] Sunday 10th of September 2017 12:01:00 AM
.... . That is one in the eye for anybody who thought the stand-off between Brexit secretary David Davis and EU chief negotiator Michel Barnier might have deterred Britons from committing to spend hundreds of thousands of pounds on a new home. ...
Curry house immigration raids ‘unfair’, say restaurant owners image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:05:21 PM
.... In the past year, it was quite quiet but now [the raids] have started again and it is getting tough for a lot of restaurants. This is a multibillion-pound industry so we are hoping that the government can help us, at least in the short term. ...
Politicians hand over power at their peril | David Kynaston image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:04:20 PM
.... Certainly not Winston Churchill, who in 1925 gave in to Norman’s urgings and reluctantly returned Britain to the gold standard (which it had gone off during the Great War) at the pre-conflict parity of $4. 86 to the pound – untenable and vastly destructive of British industry. ...
NHS cuts and public sector pay: will there be a ‘winter of discontent’? image
Source : Guardian [Read Article] Saturday 9th of September 2017 08:30:17 PM
.... Some Tories who rebelled over past attempts to cut tax credits still have concerns. “The problem with universal credit is the so-called taper rate [the amount of benefits a claimant loses for each pound they earn] – it is at 63p in the pound, meaning some are paying an effective 63% rate of tax on extra money they earn,” said Stephen McPartland, one of the leading Tory campaigners on the issue. ...
SavvyWoman calls on banks to make joint account rules clearer for couples image
Source : Daily Express [Read Article] Saturday 9th of September 2017 10:01:00 AM
....uk, says: “Thousands of couples open joint accounts each year and I’ve been concerned for some time that many of them don’t know what they’re signing up to. If a relationship breaks down, one partner can be left with debts of hundreds or even thousands of pounds. ...
Don't dig deep for a pre-paid funeral plan image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
.... And 10 days ago the Financial Services Compensation Scheme, the official safety net for customers of financial firms that go bust, issued a warning that “individuals could lose out if their provider fails”. Now some funeral directors and consumer groups are claiming that parts of the sector are at risk of collapsing, and that in some cases middlemen are taking hundreds of pounds out of customers’ plans. ...
How your pension pot can help claw back lost child benefit image
Source : Guardian [Read Article] Saturday 9th of September 2017 06:00:00 AM
....Steve Webb, a former pensions minister, says large numbers of families where one parent earns more than £50,000 a year are “unnecessarily” losing out on child benefit. This “lost” cash could quite easily run into tens of millions of pounds a year. ...
The Tory fallacy: that migrants are taking British jobs and driving down wages | Vince Cable image
.... The anecdotes about immigrants in doctors’ surgeries reflect a wider problem of stress in primary health care. And immigration has compounded an underlying failure in housing supply. ...
UK exports outside EU fall despite weak pound image
Source : Guardian [Read Article] Friday 8th of September 2017 10:42:19 AM
....The figures were released as a new report from thinktank the National Institute of Economic and Social Research (NIESR) said economic growth shows signs of accelerating in the UK, albeit still at a slower pace than in recent years. Analysts had expected the fall in the pound to give a significant boost to exports with the EU and beyond, but the trend since last year’s Brexit vote has shown only a gentle increase in exports and a continuing appetite for imports, despite the higher cost, leaving only a marginal improvement in the net trade position. ...
UK economy 'treading water' as eurozone stretches ahead, says BCC image
Source : Guardian [Read Article] Friday 8th of September 2017 05:01:30 AM
....Britain is locked into a “low growth trajectory” that will see GDP growth dip next year while the eurozone shrugs off Brexit uncertainty to stretch ahead, according to a leading business group. The British Chambers of Commerce said a squeeze on household budgets and the failure of exporters to capitalise on the low pound meant the UK was “treading water”. ...
UK insurance payouts to shrink after U-turn on lump sum formula image
Source : Guardian [Read Article] Thursday 7th of September 2017 05:13:47 PM
....Increases in payouts to victims of car crashes and botched operations are to be scaled back after a furious backlash by the insurance industry against Ministry of Justice plans. In a significant U-turn by ministers, changes to the so-called “Ogden rate” used to calculate compensation payouts are to be revised, after insurers said they would inflate car insurance premiums by hundreds of pounds. ...
Pukka tea firm vows to stay ethical as PG Tips owner takes it over image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:15:55 AM
....8% in value. The value of black tea sales is rising again after five years of decline, according to trade magazine the Grocer, partly because of inflation caused by the weak value of the pound but also as people switch to upmarket brews. ...
The Guardian view on EU migration: economically and culturally vital | Editorial image
.... Mrs May has chosen to stick to the long-promised, and never-delivered, cut in annual net migration from recent levels of between 250,000 and 350,000 to less than 100,000. Thanks to Brexit fears and a falling pound, net migration from the EU is falling anyway but too slowly to hit Mrs May’s target. ...
This simple pension trick could boost YOUR child benefits by £536 a year image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 03:51:00 PM
....It's thought around 320,000 families could fall within the earnings band and bag extra child benefit, while boosting pensions at the same time. Families in this position also fall into the higher rate taxpayers, which means they effectively get a 40p in the pound contribution to their pension contributions through tax relief. ...
Dash from cash warning: Rise in savers who prefer to gamble on stock market  image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 11:42:00 AM
. Britons now hold tens of billions of pounds more in stock  and shares Isas than in cash Isas, thanks to rapid stock market growth and rock-bottom interest rates. ...
Parents urged to save THOUSANDS to cope with cost of bringing up children  image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 11:14:00 AM
. Most parents need to plan early for the expense of raising their little princes and princesses, which can amount to hundreds of thousands of pounds. ...
Better energy efficiency measures could cut UK costs by £7.5bn image
Source : Guardian [Read Article] Wednesday 6th of September 2017 05:45:23 AM
.... This is clearly not good enough, and the government must stop dragging its feet and make sure more homes are renovated each year. Our cold and leaky homes pile hundreds of pounds on to people’s fuel bills, can damage their health, and are adding to climate change. ...
Asda forced to repay suppliers after breaching fair dealing code image
Source : Guardian [Read Article] Tuesday 5th of September 2017 06:29:45 PM
. Asda has been forced to pay back hundreds of thousands of pounds to dozens of suppliers after breaching an industry code governing fair dealing. ...
UK service sector growth slows as car sales fall dramatically image
Source : Guardian [Read Article] Tuesday 5th of September 2017 02:36:00 PM
....Business leaders have blamed the uncertainty created by Britain’s vote to leave the European Union for the slowest pace of output growth in the services sector for almost a year. Financial data provider Markit said Brexit uncertainty and higher import costs arising from the slump in the pound were behind the stumbling performance of the UK’s largest business sector last month. ...
Factory and retail sales climb despite fears of Brexit slump image
Source : Guardian [Read Article] Monday 4th of September 2017 11:01:25 PM
. British manufacturers and retailers are reporting an upswing in sales, despite fears Brexit could hamper future growth, as the weak pound bolsters exports abroad and consumer spending at home. ...
North Korea tensions ripple through global financial markets image
Source : Guardian [Read Article] Monday 4th of September 2017 05:50:06 PM
UK consumers' concerns about inflation 'are highest in three and a half years' image
....6% in July, and is expected to rise to 3% in coming months. Largely a result of the weaker pound pushing up import costs, inflation has outstripped growth in wages, squeezing household incomes. ...
How to avoid a disaster on your home improvements image
Source : Daily Express [Read Article] Sunday 3rd of September 2017 03:31:00 PM
....Two thirds were complaining about sub-standard services, such as poor workmanship or jobs being completed late, with many desperately seeking information on their right to refunds and compensation. Roofing work caused most problems, afflicting almost 5,000 householders including one who suffered thousands of pounds of water damage after their builder failed to complete the job. ...
As the UK economy sputters, it's all systems go in the eurozone | Richard Partington image
....Looking a little closer, sterling tells the story of our parting of ways. The pound has fallen to its lowest levels in eight years as the UK economy sputters, but it’s also falling because the euro is gaining ground - part of a broad recovery under way since 2014. ...
Is buying online from China a good idea? image
Source : Guardian [Read Article] Sunday 3rd of September 2017 06:00:36 AM
....“AliExpress’ standard currency is US dollars, so you’re at the mercy of currency fluctuations – so bear that in mind when comparing the price,” says Nowottny. “The site lets you choose whether to pay in US dollars or pounds – in which case AliExpress does the conversion. ...
How to make studying for a degree work for you image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
.... In her spare time she works as an anatomy demonstrator, teaching more junior medical students about the human anatomy. She typically works four hours a week and earns a few hundred pounds a month helping other students investigate pre-dissected human cadavers. ...
Travel money demand suggests rise in Britons choosing south-east Asia image
Source : Guardian [Read Article] Friday 1st of September 2017 11:01:05 PM
....The Post Office’s travel money arm said the trends it was seeing in demand for currency indicated a surge in trips booked to south-east Asia as UK tourists look to combine winter sun later this year with lower prices for accommodation, food and other holiday staples. The weakness of sterling added hundreds of pounds to the cost of many people’s summer holidays both this year and last. ...
Five more carmakers launch UK scrappage schemes as sales falter image
Source : Guardian [Read Article] Friday 1st of September 2017 05:16:48 PM
. Five more carmakers have launched scrappage schemes as the auto industry tries to kickstart the stuttering UK market by offering thousands of pounds off new, less polluting models. ...
US jobs growth misses forecasts as unemployment rises image
Source : Guardian [Read Article] Friday 1st of September 2017 02:09:54 PM
.... But the latest figures from the Bureau of Labor Statistics showed a marked slowdown on the previous month, with a rise of 156,000 jobs. The figure for July was revised down to 189,000 from an initial 209,000, while for June number was reduced from 231,000 to 210,000, compounding the weaker picture. ...
UK manufacturing beats forecasts with strong growth in August image
Source : Guardian [Read Article] Friday 1st of September 2017 10:00:34 AM
....9 last month from 55. 3 in July, the second-highest level in more than three years, helped by the weak value of the pound. ...
Gambling firm 888 fined record £7.8m for failing vulnerable customers image
Source : Guardian [Read Article] Thursday 31st of August 2017 07:37:18 AM
....Last February, Paddy Power agreed to pay £280,000 after it was found to have encouraged a problem gambler to keep betting until he lost five jobs, his home and access to his children. Two months later Gala Coral, which has since merged with Ladbrokes, agreed to pay an £880,000 settlement after taking hundreds of thousands of pounds from a “VIP” problem gambler who was using the proceeds of theft to feed his habit. ...
Slowdown in consumer credit growth spells trouble for UK economy | Phillip Inman image
....Either way it spells trouble for an economy dependent on consumer spending to drive GDP growth. With business investment in the doldrums and exports unable to make much headway despite the low pound, the consumer is the linchpin preventing the economy stalling altogether. ...
Rapid rise in personal borrowing is cooling, says Bank of England image
Source : Guardian [Read Article] Wednesday 30th of August 2017 11:19:35 AM
.... The growth rate was a little weaker than in recent months, when the pace of expansion was above 10%. Spending by British consumers is growing at the weakest rate in almost three years, as households come under pressure to tighten their belts from higher prices fuelled by a drop in the value of the pound since the EU referendum. ...

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