Number of employees enjoying job perks falls to 12-year low July 22, 2019 Corporate cost cutting has pushed the number of people receiving major job perks to a 12-year low, according to research. The number of employees who receive taxable job perks such as company cars, private medical insurance and staff accommodation fell 3.6m last year. Read more: Google UK employees earned £226,000 on average last year The [...]
Insurers voice disappointment as UK changes personal injury discount rate July 15, 2019 The insurance sector blasted the government today as it revealed plans to change the discount rate used to determine insurance payments for serious injuries in accidents from minus 0.75 per cent to minus 0.25 per cent. Read more: More price hikes to come as car insurance premiums climb The Ministry of Justice revealed the change [...]
More price hikes to come as car insurance premiums climb 3.5 per cent July 15, 2019 Car insurance premiums look set to climb further, experts have warned, after a 3.5 per cent price hike last quarter. It comes as the third price rise in four quarters, meaning the average car insurance price hit £789, up £27. Read more: Half of motorists think charging loyal car insurance customers more should be illegal [...]
German stock market outlook 2019: is the economic upswing over? July 11, 2019 Concerns over the strength of the German economy are growing. A steady upswing of the eurozone’s powerhouse may be over. The weaker economic growth expected this year is considered “a wake-up call” for the government. Let’s find out what to expect from the German stock market news in light of gloomy official figures. Stormy times [...]
Low growth predicted in second quarter as Brexit uncertainty and rising costs bite July 1, 2019 Two of Britain’s biggest business groups have warned of dismal growth for the second quarter of 2019 as political turmoil and rising costs take a heavy toll on the UK economy. Downbeat forecasts for the health of the country’s private sector have been laid bare by two major business trade bodies, the British Chambers of [...]
Drive a Lambo around the UK thanks to Dream Collection and the City A.M. Club June 28, 2019 My stable of cars is filled with the latest models, allowing me to choose the perfect ride to suit my lifestyle. “For a weekend away with the kids – their bags, bikes and trikes – I chose the Range Rover Autograph or Audi Q7; both are perfect companions for a family adventure. “For a stress [...]
A bold pro-business Prime Minister should let Liz Truss shake things up June 27, 2019 There’s another month to go until we have a new Prime Minister, but pro-market Conservatives can already start breathing a sigh of relief. For a start, both contenders for the top job have pledged to cut tax. Jeremy Hunt has promised to cut the rate of Corporation Tax from 19 per cent to 12.5 per [...]
Should you follow directors into this bombed-out stock? June 12, 2019 By Edmond Jackson from interactive investor. Down almost 90% from its peak, our shares analyst examines recovery potential at this household name. Should you trust company directors or hedge funds with their dealings, or make your own judgment? The current situation at former mid-cap AA (LSE:AA.) is a stark example as directors buy into an 88% drop since 2015 as [...]
‘Miserable’ month for drivers as petrol prices near five-year-high June 5, 2019 British drivers faced a “miserable” May as petrol prices came within touching distance of a five-year high. Forecourt petrol prices reached nearly £1.31 per litre last month, over 2p more than in April. The new price is 11p more expensive than at the beginning of February, data from insurance company RAC shows. Read more: Oil [...]
Esure and Directline founder Sir Peter Wood leads insurance start-up funding round May 28, 2019 Esure and Directline founder Sir Peter Wood has led a £2.5m funding round in insurance start-up Pikl. Wood received £360m when he sold his stake in Esure to private equity firm Bain Capital last year. The serial entrepreneur also founded Directline in the 1980s, allowing customers to buy insurance over the phone, later selling his [...]