Finance
Brits regard money as a bigger taboo than sex, religion or politics
Money is a bigger taboo than sex, religion or politics, according to new research. Half of Brits say talking about personal money matters is taboo in everyday conversation, higher than sex (42 per cent), religion (26 per cent) and politics (14 per cent). The study also found that a quarter of Brits have lied to family and friends about their personal finances, with one in ten admitting to lying to their partner about how much debt they have. And 23...
Pound rallies to strongest versus Euro since 2017 as Brexit delay seen
The pound has soared to the highest level versus the euro since 2017 after both the government and the opposition gave signs of changing strategy on Brexit. Sterling gained for a third day against the common currency after the Labour party came out in favour of a second Brexit vote and Prime Minister Theresa May was expected to bring up the topic of extending the Brexit deadline beyond March 29 at a meeting of her cabinet on Tuesday. Politics.co.uk Editor...
Austerity policies have made us all £1,495 a year worse off, analysis shows
Austerity policies have resulted in nine years of slower growth and left us all £1,495 a year worse off, analysis by The New Economics Foundation has revealed. The think tank found the impact of tax and spending changes since the Conservatives came to power had left the economy £100 billion smaller than it would otherwise have been. As a result, the cumulative effect of tax, public spending and welfare adjustments on growth by the end of the 2018-19 financial year had left the...
Former Goldman Sachs analyst suing bank claiming he lost ‘£11.4m career’ – because of attention deficit disorder
Kwasi Afrifa, 31, resigned following claims of underperformance and is now suing the bank for disability discrimination.
Average earnings in London 15.5% lower than in 2007 after inflation
Average earnings in London are 15.5 per cent below the real value of earnings in 2007 after inflation, new research has revealed. A study of official data by GMB has shown that in London, full-time workers’ mean gross annual pay in 2018 was just 84.5 per cent of what it was in 2007. In 2007 the mean gross annual pay of full-time workers was £42,226. In 2018 that figure was £48,604, which when you factor in inflation at 36.17 per...
Reality of Brexit uncertainty starting to bite as business and personal insolvencies soar
The reality of Brexit uncertainty is starting to bite, experts have said after the number of personal insolvencies hit its highest level since 2011. Insolvency Service figures showed 115,299 people became insolvent in England and Wales last year, 20 per cent up on 2017. The number of companies going under also reached a five-year high in 2018. There were 17,439 company insolvencies last year — the highest since 2013 — driven by a big jump in numbers of builders and retailers...
Cyber crook accused of stealing £8.7 million of Bitcoins from 85 internet wallets has been arrested
International manhunt was launched after victims in the west German state of Hesse said money had been stolen from their cryptocurrency wallets in early 2018
Generous taxpayer-backed pensions give top government bureaucrats an average pot of over £900k
A groundbreaking investigation into public sector pensions has revealed the 22 individuals who run UK government departments have an annual average pot of £907,273. The TaxPayers’ Alliance (TPA) has today revealed the details of some of the most generous unfunded pensions in Whitehall, with Sir Simon McDonald, head of the Foreign and Commonwealth Office, currently sitting on a pension pot valued at £1,858,000. Fourteen of the top government bureaucrats will also receive a huge lump sum payout in addition to their annual...
Cambridge study reveals who really cashed in on Brexit vote result
International finance markets lagged behind people having a flutter on the night of the EU referendum result, according to a Cambridge University study