Someone’s redesigned London’s Tube map to show what salary you need to afford a flat at any station October 4, 2018 Have you ever wondered how much you’d need to earn to buy a flat in London? Then fear not – Totally Money has redrawn London’s Tube map to help you on your way – or entirely crush your home owning dreams, more likely. Read more: Millennial home ownership slides as affordability crisis worsens Even if [...]
RBS: No-deal Brexit could send UK economy reeling October 4, 2018 Royal Bank of Scotland (RBS) boss Ross McEwan has warned that a no-deal Brexit could push the UK into another recession. Economic growth could fall flat or even turn negative if the UK leaves the EU without a deal, he told the BBC. Read more: 'End Brexit psychodrama' – Chamber of Commerce chief pleads with [...]
The end of austerity the Prime Minister has promised would costs £20bn, says Institute of Fiscal Studies October 4, 2018 The end of austerity the Prime Minister signalled in yesterday’s conference party speech could cost £20bn, according to the Institute for Fiscal Studies. Read more: Theresa May declares 'austerity is over' in Conservative conference speech Theresa May ended the Conservative Party Conference yesterday on a high, declaring the end of austerity is in sight as [...]
Ted Baker share price slides as profits fall amid ‘challenging’ high street October 4, 2018 Profits dropped at fashion house Ted Baker today as it blamed “challenging trading conditions”, with no let up expected for the latter half of the year, sending shares sliding around 12 per cent in early morning trading. Read more: Moss Bros issues profit warning The figures Ted Baker saw profits before tax dip 3.2 per [...]
Putin calls Novichok attack victim Skripal a ‘scumbag’ October 3, 2018 President Vladmir Putin has labelled ex-spy Sergei Skripal, who nearly died after being poisoned with Novichok in an international incident earlier this year, a “scumbag” and traitor. “Imagine: suddenly someone goes and betrays your country. What do you think about him? Anyone here from any country? He’s just a scumbag, and that’s it,” Putin said [...]
UK services sector growth slowed in September October 3, 2018 Business activity slowed slightly in September, according to a closely followed measure of services sector activity. The UK services purchasing managers’ index (PMI) hit 53.9 points in September, compared to 54.3 in August, according to figures released today from data firm IHS Markit and the Chartered Institute of Procurement and Supply, staying well above the 50-point [...]
Italy fears subside as government reportedly plans to cut debt October 3, 2018 Fears over Italy’s cost of borrowing eased this morning on reports that the country plans to slash debt by two per cent in 2021. The Italian government has estimated a budget deficit of 2.4 per cent of GDP for 2019, before cutting it to 2.2 per cent for 2020, according to publication Corriere della Sera. [...]
Turkey inflation rate hits 25 per cent as lira takes another hit October 3, 2018 Turkey’s rate of inflation surged to nearly 25 per cent last month as the crisis engulfing the country’s currency hit consumers with huge increases in prices. Consumer prices grew 24.52 per cent compared to September last year, as President Tayyip Erdogan and US President Donald Trump refused to back down over a row about the [...]
Tesco share price falls despite taking the fight to supermarket rivals with rising revenues October 3, 2018 Tesco aimed to cement its status as the UK’s largest supermarket today with rising revenue and operating margins as it fights off competition from merging rivals and cheaper competitors. However, shares fell more than seven per cent in morning trading as the retailer missed a key profit metric. The figures The retail giant posted a 13 [...]
Amazon hands pay rise to 37,000 UK staff to take them above Living Wage October 2, 2018 Amazon is set to raise pay for UK staff above the Real Living Wage from the start of next month, expected to benefit around 37,000 workers. The retail giant – which recently hit a $1 trillion valuation – will pay London staff £10.50 per hour from 1 November and UK-wide staff £9.50 per hour. Read more: [...]
