Estate agent and housebuilder shares are being demolished after the Autumn Statement November 23, 2016 Shares in some of the UK's biggest estate agents dived today ahead of the Autumn Statement, in which the chancellor is expected to scrap fees for letting agents. Foxtons' share price was down a whopping 14.8 per cent at 104.5p in mid-afternoon trading, after Philip Hammond scrapped letting agents' fees, saying landlords should pay instead. [...]
All the places the Autumn Statement will hit your wallet November 23, 2016 The Autumn Statement was lighter on personal finance initiatives than it has traditionally been – but that doesn't mean it had nothing to offer. For pensioners, without a doubt the most important thing was that the pensions triple lock – which guarantees pensions will rise at least 2.5 per cent a year – has been [...]
The pound’s down and the FTSE 100’s higher as markets brace themselves for the Autumn Statement November 23, 2016 The pound fell against both the dollar and the euro, while the FTSE 100 edged higher as markets braced themselves ahead of chancellor Philip Hammond's first Autumn Statement. The pound stayed below $1.24, falling 0.3 per cent against the dollar to $1.2391 in late morning trading, and dipping 0.3 per cent against the euro to [...]
Ex-Sainsbury’s boss Justin King thinks the price of your weekly grocery shop is about to rise five per cent November 23, 2016 Sainsbury's boss Justin King is one of those retail legends who, like former Tesco chief exec Sir Terry Leahy, had the foresight to get out just as things were about to get hairy. Now King has used that foresight to suggest the price of your weekly shop could be about to leap. In an appearance [...]
Eh? Rolls-Royce and Game are among the 25 best UK companies to work for. Supposedly. November 23, 2016 An engineering giant which has issued a string of profit warnings, two retailers which recently came out of administration and a bank which was the centre of a major scandal this year are among UK employees' 25 favourite companies to work for, according to new research. Rolls-Royce came top of jobsite Indeed's Top Employers in Britain list. The [...]
Public sector borrowing: These five charts tell us everything we need to know about the state of the UK’s finances November 22, 2016 Chancellor Philip Hammond got a pleasant surprise from the Office for National Statistics today, after figures showed the UK's public borrowing has actually fallen. But it's likely this is a temporary respite for the UK's borrowing, which is expected to rise this year. These five charts put today's borrowing figures in perspective: Read more: The [...]
Every little helps: Government borrowing fell by £5.6bn in October November 22, 2016 Good news for Philip Hammond ahead of tomorrow's Autumn Statement: government borrowing fell £5.6bn in October, official figures showed today – putting the UK's total borrowing at £48.6bn in the year to the end of October. Excluding public sector banks, the figure fell £1.6bn to £4.8bn, figures from the Office for National Statistics showed. The [...]
The Electoral Commission has opened an investigation into donations received by Ukip November 22, 2016 It's only Tuesday, but this week has already been a rollercoaster ride of emotions for Ukip. After one former leader resigned and another was the subject of a bizarre diplomatic (or "twiplomatic") intervention by Donald Trump, now the Electoral Commission has formally opened an investigation into allegations it misspent EU money. In a statement today [...]
The Brexit vote has wiped £26,000 off your wealth – and done away with 406,000 UK millionaires November 22, 2016 The Brexit vote has wiped $1.5 trillion (£1.2 trillion) off the wealth of UK households this year, a report published today has suggested. The Global Wealth Report, by the Credit Suisse Research Institute, found the wealth of each adult in the UK has fallen by $33,000, or £26,442, since the beginning of June. That puts [...]
