Bank of England’s Minouche Shafik will not vote to hike interest rates until wages go up December 14, 2015 UK rate-setter Minouche Shafik has said today she will not vote to lift interest rates from record lows until wage growth picks up. The member of the Bank of England’s nine-strong monetary policy committee said “the rate of wage growth seems to have levelled off again in the most recent data”. But there could be [...]
Jump in Eurozone industrial production boosts economic growth outlook December 14, 2015 Industrial production in the Eurozone rebounded in October after two months of decline, according to new figures released this morning. Output from Eurozone factories, quarries and mines, jumped 0.6 per cent in October compared with September. On the year, industrial production across the currency bloc was up 1.9 per cent. The figures, published by Eurostat, the statistical office of [...]
From Mario Draghi on markets to Yanis Varoufakis on creditors: This is 2015 in quotes December 14, 2015 It’s been an action packed year – for better or worse. We’ve had a General Election, watched Greece come close to exiting the Eurozone, witnessed a Chinese economic slowdown and near financial crash- and the year isn’t even over. Here's what the world's good and great had to say while 2015 was happening… Sean Rad [...]
**** yeah: Swearing is a sign you’re smarter, scientists say December 14, 2015 Good news for Malcolm Tucker-style Sweary Marys – scientists say the habit is not a sign you're bad with words and unable to express yourself, as many people would have you believe. In fact, new research suggests the swearier among us have a more comprehensive vocabulary than those who refrain from blaspheming. **** yeah. Scientists studied people's ability to name as many swear [...]
The definitive guide to where you can afford to buy a home: Unless you earn £42,645 forget about living in London December 14, 2015 Where in the UK can you afford a house? If you're a first-time buyer, the answer is "very few places". If you earn under £42,645 per year, you’re going to struggle to find anywhere in the capital. Use the tool below on desktop to find out where you can afford to buy, based on the interest rate on [...]
London grandchildren more dependent on grandparents than anywhere else in the UK – with most of capital’s over-55s still providing support to adult children December 14, 2015 Bank of mum and dad has become bank of mum's mum and dad for many Londoners, as research from peer-to-peer lending service Zopa has discovered that those in the capital rely more on grandparents for financial and childcare support than elsewhere in the UK. More than three-quarters (77 per cent) of grandparents in London are [...]
The government’s buy-to-let stamp duty increase will cost landlords the equivalent of 11 months’ rental income December 14, 2015 George Osborne's hike of stamp duty on buy-to-let properties could cost landlords the equivalent of 11 months' income, new research has suggested. The Countrywide Lettings Index suggested that the three per cent rate will mean a 0.2 per cent drop in yields – the equivalent of 11 months' income, when you take into account borrowing costs. Those [...]
Tinder and NHS partner so you can give your actual heart away by becoming an organ donor December 14, 2015 Tinder users hoping to find love online can now give away their actual heart – not just metaphorically – to those in desperate need of it. Tinder is working with the NHS to promote organ donation among young people, the app's prime audience. The profiles of three celebrities will appear on the app – Jamie Laing from Made in Chelsea, Olympic gold [...]
French infant school teacher lied about being stabbed in neck by suspect “invoking” Islamic State December 14, 2015 An infant school teacher who claimed to have been stabbed in the neck this morning at a school in the north of Paris, by a man reportedly “invoking Islamic State”, has admitted to lying about the attack. He had originally claimed the incident took place at 7:15 this morning, while the teacher was preparing the classroom [...]
Over 7m workers will resolve to find a new job in the new year, and 54 per cent will make a career-related promise December 14, 2015 Employers be warned: a large chunk of your staff might be using New Year's Day not to nurse a hangover, but to polish their CV. Research published today by CV-Library has estimated 7.7m workers will resolve to leave their job in 2016. That's just shy of a quarter of the 31.2m people in work, according to Office [...]