Finance

Cutting down on meat saved Brits more than £2.8 BILLION last year, a study found. Researchers who polled 2,000 UK adults found 26 per cent reduced their meat intake during the past 12 months - and in doing so, saved an average of £209 each. The biggest motivations for making the change include health concerns, saving money and reducing the impact of meat consumption on the environment. Commissioned by vegetarian brand, Linda McCartney Foods, the study found the proportion of...

Banks and financial institutions have shifted at least $1 trillion worth of assets out of the UK and into the European Union because of Brexit, EY have claimed in a report published this week. Many banks have set up new offices in Europe to safeguard their regional operations, which means they have moved substantial assets over to satisfy EU regulators. Other firms are moving assets to protect clients against market volatility and sudden changes in regulation. In total at least £800 billion...

Those aged 23 to 35 who suffer fluctuating income face nearly double the risk of death and more than double the risk for cardiovascular diseases within the next decade

Economic worries, Brexit uncertainty and the trade war between the US and China saw the FTSE 100 tumble by 12.5 per cent during 2018, wiping out more than £240 billion off shareholder value. The blue-chip index of top UK shares ended the year at 6,728 points, down from 7,687 on the last trading day of 2017. The sell-off has inflicted significant losses on pension funds, major fund managers and small investors alike. Shares in major house builders fell sharply amid...

A London funder has awarded three law charities funding for welfare, immigration and legal services following an increase in demand after the roll out of Universal Credit. City Bridge Trust, the City of London Corporation’s charitable funder, awarded £136,700 to Camden Community Law Centre, £185,800 to Islington Law Centre and £101,000 to Southwark Law Centre to help the capital’s most vulnerable in legal battles. Islington Law Centre’s money will fund a specialist Welfare Benefits Advisor to provide advice on the...

Stocks are falling in London, as traders rush to sell following last night’s hike in US interest rates. It is the worst performance since Sept 2016. When the markets opened for trading the FTSE 100 shed 119 points (1.6%), which is a new 28-month low of 6646 points. Over in the US, Wall Street stocks slumped on Wednesday after the Federal Reserve lifted interest rates, sending major indices to fresh 2018 lows, even as the US central bank signaled it...

Credit Suisse has advised its ultra-wealthy clients to consider moving assets out of the UK due to uncertainty around Brexit. Wealth managers in London have contacted their top customers to warn that a prolonged period of “turmoil” had already caused a rush of clients wanting to “move assets offshore”, the FT has reported. They advised their ultra-wealthy clients that they might want to “accelerate” similar plans too before the rescheduled vote in parliament in early January. Theresa May delayed a vote on her...

Sterling fell to a new 20-month low against the Dollar on Tuesday and it looks like the on-going turmoil is not going to steady the currency for the foreseeable future. Compared to the Euro it was at a three and a half month low. Now with the PM facing a vote of no confidence, the stormy financial weather looks set to continue. Commenting on Sterling’s performance in the wake of the no-confidence announcement, Andy Scott, Associate Director at JCRA, the...

The pound fell to an 18 month low against the dollar after Theresa May called off a vote in Parliament on her Brexit plan. May is now seeking to reschedule the vote on the terms of the U.K.'s exit from the European Union. However, the uncertainty meant the pound fell 0.5% versus the dollar to $1.2664. Commenting on the fall in Sterling following Theresa May’s plans to delay Parliament’s meaningful vote on her Brexit deal, Andy Scott, Associate Director at JCRA,...