![](\"https://multiply.ghost.io/content/images/2021/01/image.png\")
The 1-minute read to get the money news you need with expert adviser commentary.
The US Congress has officially confirmed Joe Biden as the next president amid rioting by Trump supporters. A pro-Trump mob broke into the Capitol building to try and disrupt the process. Trump himself has now been banned temporarily from Twitter and Facebook - they say it’s because his posts were contributing to the risk of ongoing violence.
Owners of leasehold properties with short leases will no longer have to shell out thousands to extend them. Government reforms to the rules, affecting around 4 million homes, will abolish some of the steepest fees for extending a lease.
Some retailers had a bumper festive season, despite the coronavirus chaos. Sainsbury’s Christmas sales soared by 9%, while homewares outlet B&M revenues climbed 22.5% in the last 3 months of the year.
","url":"https://multiply.ghost.io/biden-confirmed-amid-riots/","uuid":"a03a7f89-2c93-4891-abb6-5769e0836737","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5ff6dc9c1c10cd0039fb7907"}},{"node":{"id":"Ghost__Post__5ff57967d84e16003918d16d","title":"Double-dip recession?","slug":"double-dip-recession","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/01/Multiply-minute-1.png","excerpt":"Starting 2021 with another lockdown has put the UK on course for a double-dip recession. ","custom_excerpt":"Starting 2021 with another lockdown has put the UK on course for a double-dip recession. ","created_at_pretty":"06 January, 2021","published_at_pretty":"06 January, 2021","updated_at_pretty":"06 January, 2021","created_at":"2021-01-06T08:48:39.000+00:00","published_at":"2021-01-06T08:50:09.000+00:00","updated_at":"2021-01-06T08:50:09.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nEconomic downturn\nStarting 2021 with another lockdown has put the UK on course for a double-dip\nrecession\n[https://www.cityam.com/uk-on-course-for-double-dip-recession-amid-lockdown-gloom/]\n. After the first dip in spring last year, the economy recovered itself - but\nstill ended the year far below pre-pandemic levels. Nearly half of companies saw\ntheir sales drop in the last three months of 2020, according to the British\nChambers of Commerce (BCC).\n\nNo test, no entry?\nPeople arriving in the UK could soon need to prove they don’t have coronavirus\n[https://www.bbc.co.uk/news/business-55551310] in order to come into the\ncountry. Arrivals currently have to self-isolate for 10 days when they arrive in\nthe UK, although they can pay to have a private test to get out of isolation\nearly.\n\nCar sales stall\nLast year saw the biggest slump in car sales\n[https://www.theguardian.com/business/2021/jan/06/uk-car-sales-fall-to-lowest-level-since-1992] \nsince the second world war. 1.63 million vehicles were sold - the lowest since\n1992. Electric cars were flying off the forecourts, with sales up almost 200% in\n2020. But it wasn’t enough to make up for the decline in petrol and diesel cars.\n\nBosses make bank\nToday, chief execs of the UK’s biggest companies have already earned\n[https://www.bbc.co.uk/news/business-55551314] as much as the average worker\nmakes in a year - after just 3 days. By 5.30pm today, FTSE 100 bosses’ earnings\nwill have passed £31,461, the average annual wage, according to think-tank the\nHigh Pay Centre.","html":"The 1-minute read to get the money news you need.
Starting 2021 with another lockdown has put the UK on course for a double-dip recession. After the first dip in spring last year, the economy recovered itself - but still ended the year far below pre-pandemic levels. Nearly half of companies saw their sales drop in the last three months of 2020, according to the British Chambers of Commerce (BCC).
People arriving in the UK could soon need to prove they don’t have coronavirus in order to come into the country. Arrivals currently have to self-isolate for 10 days when they arrive in the UK, although they can pay to have a private test to get out of isolation early.
Last year saw the biggest slump in car sales since the second world war. 1.63 million vehicles were sold - the lowest since 1992. Electric cars were flying off the forecourts, with sales up almost 200% in 2020. But it wasn’t enough to make up for the decline in petrol and diesel cars.
Today, chief execs of the UK’s biggest companies have already earned as much as the average worker makes in a year - after just 3 days. By 5.30pm today, FTSE 100 bosses’ earnings will have passed £31,461, the average annual wage, according to think-tank the High Pay Centre.
","url":"https://multiply.ghost.io/double-dip-recession/","uuid":"217fca4c-f14a-4148-922d-84abf5d5a1df","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5ff57967d84e16003918d16d"}},{"node":{"id":"Ghost__Post__5ff4375fcf7e840039d30575","title":"Lockdown 3.0","slug":"lockdown-3","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/01/Multiply-minute.png","excerpt":"New lockdowns have begun in England and Scotland, putting the whole of the UK under “stay at home” orders.","custom_excerpt":"New lockdowns have begun in England and Scotland, putting the whole of the UK under “stay at home” orders.","created_at_pretty":"05 January, 2021","published_at_pretty":"05 January, 2021","updated_at_pretty":"05 January, 2021","created_at":"2021-01-05T09:54:39.000+00:00","published_at":"2021-01-05T09:56:54.000+00:00","updated_at":"2021-01-05T10:12:50.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nStaying at home, again\nNew lockdowns have begun in England and Scotland, putting the whole of the UK \nunder “stay at home” orders [https://www.bbc.co.uk/news/uk-55540679]. That\nincludes closing all the schools. In England, the new rules are expected to be\nin place until at least mid-February. \n\nSunak steps up\nThere’s extra financial support\n[https://www.cityam.com/coronavirus-lockdown-government-announces-4bn-in-grants-for-closed-retail-and-hospitality-firms/] \ncoming for businesses. Chancellor Rishi has announced an extra £4 billion in\ngrants for retail, hospitality, and leisure businesses to help them survive the\nlatest lockdown which has forced them to close their doors.\n\nMortgage surge\nLenders approved more than 100,00 mortgages\n[https://www.bbc.co.uk/news/business-55535544] in November, the highest in 13\nyears. Many banks are still working through a backlog of mortgage applications,\nas buyers rush to make use of the stamp duty holiday before the window closes on\n31st March.\n\nCladding crisis\nUp to 4.6 million homes in the UK could be unsellable due to dangerous cladding\n[https://www.telegraph.co.uk/property/uk/scale-cladding-crisis-revealed-three-times-larger-46-million/]\n* - that’s 16% of all homes. In the aftermath of the Grenfell Tower fire in\n2017, safety issues have been uncovered at thousands of high- and mid-rise\nblocks. Mortgage lenders won’t approve loans for affected properties, leaving\nleaseholders trapped and unable to move.\n\nSave our summer?\nFestivals and concerts could go ahead this summer\n[https://news.sky.com/story/covid-19-summer-festival-season-could-go-ahead-with-government-support-12179577]\n, as long as they have government support. That’s according to UK Music, which\nsays it can get everyone dancing safely again. It wants to see coronavirus\ncancellation insurance introduced, along with a firm start date for the festival\nseason.\n\n*this article may need a subscription to read","html":"The 1-minute read to get the money news you need.
New lockdowns have begun in England and Scotland, putting the whole of the UK under “stay at home” orders. That includes closing all the schools. In England, the new rules are expected to be in place until at least mid-February.
There’s extra financial support coming for businesses. Chancellor Rishi has announced an extra £4 billion in grants for retail, hospitality, and leisure businesses to help them survive the latest lockdown which has forced them to close their doors.
Lenders approved more than 100,00 mortgages in November, the highest in 13 years. Many banks are still working through a backlog of mortgage applications, as buyers rush to make use of the stamp duty holiday before the window closes on 31st March.
Up to 4.6 million homes in the UK could be unsellable due to dangerous cladding* - that’s 16% of all homes. In the aftermath of the Grenfell Tower fire in 2017, safety issues have been uncovered at thousands of high- and mid-rise blocks. Mortgage lenders won’t approve loans for affected properties, leaving leaseholders trapped and unable to move.
Festivals and concerts could go ahead this summer, as long as they have government support. That’s according to UK Music, which says it can get everyone dancing safely again. It wants to see coronavirus cancellation insurance introduced, along with a firm start date for the festival season.
*this article may need a subscription to read
","url":"https://multiply.ghost.io/lockdown-3/","uuid":"6326d119-0d05-4ed0-a53b-0f76c734bdd7","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5ff4375fcf7e840039d30575"}},{"node":{"id":"Ghost__Post__5fdc8faa6a090e00399eb7d4","title":"Furlough scheme extended","slug":"furlough-scheme-extended","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-13.png","excerpt":"Chancellor Rishi Sunak has extended the furlough scheme for an extra month - it’ll now pay out until the end of April.","custom_excerpt":"Chancellor Rishi Sunak has extended the furlough scheme for an extra month - it’ll now pay out until the end of April.","created_at_pretty":"18 December, 2020","published_at_pretty":"18 December, 2020","updated_at_pretty":"18 December, 2020","created_at":"2020-12-18T11:16:58.000+00:00","published_at":"2020-12-18T11:18:59.000+00:00","updated_at":"2020-12-18T11:30:08.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nFurlough til April\nChancellor Rishi Sunak has extended the furlough scheme\n[https://www.bbc.co.uk/news/business-55345392] for an extra month - so it’ll now\npay out until the end of April. The government will continue to pay up to 80% of\nthe wages of workers who are furloughed. The government-backed business loan\nscheme will also be extended to the end of March.\n\nMini-bond failing\nThe Financial Conduct Authority failed to properly supervise\n[https://www.cityam.com/treasury-fca-failed-to-properly-regulate-london-capital-and-finance/] \nthe mini-bond company London Capital & Finance ahead of its collapse in January\nlast year. That’s the verdict of an independent inquiry into the scandal, which\naffected 11,000 people who’d invested £237 million. Mini-bonds are\nnon-transferable assets that let retail investors invest in a company - and they\ncan be very risky.\n\nSpareRoom ads discriminate\nProperty sites SpareRoom and OpenRent have been discriminating against tenants\n[https://www.bbc.co.uk/news/uk-55331081] who are claim benefits. An\ninvestigation analysed 59,000 listings and found that 80% were excluding\nbenefits claimants - after a judge ruled in July that such a ban is unlawful.\nThe sites say they’re now working on the problem.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Chancellor Rishi Sunak has extended the furlough scheme for an extra month - so it’ll now pay out until the end of April. The government will continue to pay up to 80% of the wages of workers who are furloughed. The government-backed business loan scheme will also be extended to the end of March.
The Financial Conduct Authority failed to properly supervise the mini-bond company London Capital & Finance ahead of its collapse in January last year. That’s the verdict of an independent inquiry into the scandal, which affected 11,000 people who’d invested £237 million. Mini-bonds are non-transferable assets that let retail investors invest in a company - and they can be very risky.
![](\"https://multiply.ghost.io/content/images/2020/12/image-5.png\")
Property sites SpareRoom and OpenRent have been discriminating against tenants who are claim benefits. An investigation analysed 59,000 listings and found that 80% were excluding benefits claimants - after a judge ruled in July that such a ban is unlawful. The sites say they’re now working on the problem.
","url":"https://multiply.ghost.io/furlough-scheme-extended/","uuid":"24cd8441-9d77-464b-ba34-daed24bc8a4c","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fdc8faa6a090e00399eb7d4"}},{"node":{"id":"Ghost__Post__5fdb2ce2347c9300398589e1","title":"Banks ban Klarna?","slug":"banks-crack-down-on-klarna","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-12.png","excerpt":"Banks are threatening to ban buy now, pay later schemes such as Klarna and Clearpay.","custom_excerpt":"Banks are threatening to ban buy now, pay later schemes such as Klarna and Clearpay.","created_at_pretty":"17 December, 2020","published_at_pretty":"17 December, 2020","updated_at_pretty":"17 December, 2020","created_at":"2020-12-17T10:03:14.000+00:00","published_at":"2020-12-17T10:14:48.000+00:00","updated_at":"2020-12-17T10:21:52.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nBuy now, pay never?\nBanks are threatening to ban buy now, pay later schemes\n[https://www.telegraph.co.uk/money/consumer-affairs/banks-crack-buy-now-pay-later-users-customers-crippled-hidden/]\n* such as Klarna and Clearpay. They say that customers are getting into “hidden\ndebt” which is stopping them from repaying loans and overdrafts. The FCA is\nplanning a review on whether the sector should be regulated, and we’ll find out\nthe verdict next year.\n\nSunak says relax\nChancellor Rishi Sunak has said in an interview that the coronavirus support\nschemes like the furlough scheme will help to cushion any Brexit blows\n[https://www.cityam.com/sunak-covid-schemes-could-stave-off-damage-from-brexit-turbulence/]\n. He also warned that current levels of government borrowing are “not\nsustainable”. Many economists predict that interest rates will stay low, keeping\nborrowing affordable - but Rishi is worried they could rise.\n\nSanta’s stuck at the border\nToy shops are facing stock shortages\n[https://www.bbc.co.uk/news/business-55329573] after shipping delays at UK\nports. A number of toy and game orders won’t arrive in time for Christmas, and\nit’s costing toy shops thousands in sales. The British Toy and Hobby Association\nis calling on the government to ease port congestion and “save the festive\nseason.”","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Banks are threatening to ban buy now, pay later schemes* such as Klarna and Clearpay. They say that customers are getting into “hidden debt” which is stopping them from repaying loans and overdrafts. The FCA is planning a review on whether the sector should be regulated, and we’ll find out the verdict next year.
![](\"https://multiply.ghost.io/content/images/2020/12/image-4.png\")
Chancellor Rishi Sunak has said in an interview that the coronavirus support schemes like the furlough scheme will help to cushion any Brexit blows. He also warned that current levels of government borrowing are “not sustainable”. Many economists predict that interest rates will stay low, keeping borrowing affordable - but Rishi is worried they could rise.
Toy shops are facing stock shortages after shipping delays at UK ports. A number of toy and game orders won’t arrive in time for Christmas, and it’s costing toy shops thousands in sales. The British Toy and Hobby Association is calling on the government to ease port congestion and “save the festive season.”
","url":"https://multiply.ghost.io/banks-crack-down-on-klarna/","uuid":"e5adad12-e719-4c51-b2c7-8af8b0efd37e","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fdb2ce2347c9300398589e1"}},{"node":{"id":"Ghost__Post__5fd9d36ad24b5a003957bcd3","title":"Rail fare hikes","slug":"rail-fare-hikes","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-11.png","excerpt":"Commuters will face an above-inflation rise in rail fares next year to help pay for the cost of coronavirus.","custom_excerpt":"Commuters will face an above-inflation rise in rail fares next year to help pay for the cost of coronavirus.","created_at_pretty":"16 December, 2020","published_at_pretty":"16 December, 2020","updated_at_pretty":"16 December, 2020","created_at":"2020-12-16T09:29:14.000+00:00","published_at":"2020-12-16T09:30:25.000+00:00","updated_at":"2020-12-16T09:30:25.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nTrain passengers pay\nCommuters will face an above-inflation rise in rail fares\n[https://news.sky.com/story/covid-19-commuters-face-inflation-busting-rail-fare-hike-to-help-pay-for-coronavirus-12163347] \nnext year to help pay for the cost of coronavirus. Railways have needed billions\nin government support to keep them going this year. Ticket prices will rise by\nan average of 2.6%- that’s 1% higher than inflation, the benchmark which is\nusually used to cap fare rises.\n\nBlack Friday squashed inflation\nSpeaking of inflation, it dropped sharply in November\n[https://uk.reuters.com/article/uk-britain-economy-inflation-idUKKBN28Q0QR] \nthanks to deep Black Friday discounts. Inflation slowed more than expected, with\nconsumer prices rising just 0.3% in annual terms. That’s close to August’s\nall-time-low, and a long way off the Bank of England’s 2% target.\n\nBarclays fined\nBarclays has been fined £26 million\n[https://inews.co.uk/news/business/barclays-fined-latest-news-city-watchdog-struggling-customers-covid-795800] \nby the Financial Conduct Authority (FCA) for its poor treatment of 1.5 million\ncustomers who fell behind on payments during the pandemic. It failed to contact\npeople and didn’t help to work out a plan that would work for them, the bank\nfailed in its duty of care, according to the FCA.\n\nBP’s green push\nBP has bought a majority share\n[https://www.cityam.com/bp-takes-majority-stake-in-carbon-offset-firm-as-green-push-continues/] \nin a carbon offset firm, Finite Carbon. It’s part of the oil company’s plan to\nreach net zero emissions by 2050. Carbon offset works by charging individuals\nand businesses to counterbalance their emissions with activities that take\ncarbon out of the atmosphere. BP is betting that this will be big business as\nthe pressure to decarbonise continues to grow.","html":"The 1-minute read to get the money news you need.
Commuters will face an above-inflation rise in rail fares next year to help pay for the cost of coronavirus. Railways have needed billions in government support to keep them going this year. Ticket prices will rise by an average of 2.6%- that’s 1% higher than inflation, the benchmark which is usually used to cap fare rises.
Speaking of inflation, it dropped sharply in November thanks to deep Black Friday discounts. Inflation slowed more than expected, with consumer prices rising just 0.3% in annual terms. That’s close to August’s all-time-low, and a long way off the Bank of England’s 2% target.
Barclays has been fined £26 million by the Financial Conduct Authority (FCA) for its poor treatment of 1.5 million customers who fell behind on payments during the pandemic. It failed to contact people and didn’t help to work out a plan that would work for them, the bank failed in its duty of care, according to the FCA.
BP has bought a majority share in a carbon offset firm, Finite Carbon. It’s part of the oil company’s plan to reach net zero emissions by 2050. Carbon offset works by charging individuals and businesses to counterbalance their emissions with activities that take carbon out of the atmosphere. BP is betting that this will be big business as the pressure to decarbonise continues to grow.
","url":"https://multiply.ghost.io/rail-fare-hikes/","uuid":"440d8aa0-58d0-474b-bf95-3727e214b3f7","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fd9d36ad24b5a003957bcd3"}},{"node":{"id":"Ghost__Post__5fd8850dd6879100397a5467","title":"Redundancies hit record high","slug":"redundancies-hit-record-high","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-10.png","excerpt":"In November, there were 819,000 fewer people on the payroll than at the start of the pandemic.","custom_excerpt":"In November, there were 819,000 fewer people on the payroll than at the start of the pandemic.","created_at_pretty":"15 December, 2020","published_at_pretty":"15 December, 2020","updated_at_pretty":"15 December, 2020","created_at":"2020-12-15T09:42:37.000+00:00","published_at":"2020-12-15T09:46:41.000+00:00","updated_at":"2020-12-15T09:46:41.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nUK loses jobs\nIn November, there were 819,000 fewer people on the payroll\n[https://www.bbc.co.uk/news/business-55313752] than at the start of the\npandemic. Redundancies hit a record high in the 3 months to October, and the\noverall unemployment rate rose to 4.9%. Hospitality is the worst-hit sector, and\nthe industry is likely to suffer even more as new areas, including London, enter\ntier 3 on Wednesday.\n\nAutomation threat\nIn other gloomy news for the jobs market, a report has found that 61%\nfurloughed\njobs are at high risk of automation\n[https://www.theguardian.com/business/2020/dec/15/more-than-half-of-uk-furloughed-jobs-at-risk-of-automation-report]\n. The coronavirus crisis has sped up changes that were already afoot - including\nthe use of technology in workplaces. Workers in struggling sectors like\nhospitality, leisure, and retail face a double whammy as their jobs are at the\nmost risk of being replaced by machines.\n\nTiers at bedtime\nFrom a minute past midnight tonight, 11 million more people will be living under\nthe highest coronavirus restrictions. London, Essex, and parts of Hertfordshire\nwill join tier 3 [https://www.bbc.co.uk/news/uk-55311717] after a rise in cases,\nmeaning pubs and restaurants have to close except for takeaway. The rise could\nbe linked to a new strain of the virus, which seems to be spreading more\nquickly.\n\nFines for social media\nFrom next year, new laws will mean online platforms will have to protect their\nusers\n[https://news.sky.com/story/online-safety-bill-social-media-firms-could-be-fined-up-to-18m-for-not-protecting-users-12161784]\n, or face fines of up to £18 million or even being blocked in the UK. The\nlong-awaited Online Safety Bill means social media firms have a duty of care to\ntheir users, particularly children and vulnerable people, including taking down\nharmful content.","html":"The 1-minute read to get the money news you need.
In November, there were 819,000 fewer people on the payroll than at the start of the pandemic. Redundancies hit a record high in the 3 months to October, and the overall unemployment rate rose to 4.9%. Hospitality is the worst-hit sector, and the industry is likely to suffer even more as new areas, including London, enter tier 3 on Wednesday.
In other gloomy news for the jobs market, a report has found that 61% furloughed jobs are at high risk of automation. The coronavirus crisis has sped up changes that were already afoot - including the use of technology in workplaces. Workers in struggling sectors like hospitality, leisure, and retail face a double whammy as their jobs are at the most risk of being replaced by machines.
From a minute past midnight tonight, 11 million more people will be living under the highest coronavirus restrictions. London, Essex, and parts of Hertfordshire will join tier 3 after a rise in cases, meaning pubs and restaurants have to close except for takeaway. The rise could be linked to a new strain of the virus, which seems to be spreading more quickly.
From next year, new laws will mean online platforms will have to protect their users, or face fines of up to £18 million or even being blocked in the UK. The long-awaited Online Safety Bill means social media firms have a duty of care to their users, particularly children and vulnerable people, including taking down harmful content.
","url":"https://multiply.ghost.io/redundancies-hit-record-high/","uuid":"f2e90d94-1c38-46e4-aa47-bc3b660f4244","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fd8850dd6879100397a5467"}},{"node":{"id":"Ghost__Post__5fd72d384b14020039e0d8f1","title":"2021 house price rise?","slug":"2021-house-price-rise","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-9.png","excerpt":"Rightmove has forecasted a 4% rise in house prices next year. ","custom_excerpt":"Rightmove has forecasted a 4% rise in house prices next year. ","created_at_pretty":"14 December, 2020","published_at_pretty":"14 December, 2020","updated_at_pretty":"14 December, 2020","created_at":"2020-12-14T09:15:36.000+00:00","published_at":"2020-12-14T09:22:15.000+00:00","updated_at":"2020-12-14T09:22:15.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nHouse price predictions\nRightmove has forecasted a 4% rise in house prices\n[https://uk.reuters.com/article/uk-britain-economy-houseprices-idUKKBN28O009]\nnext year. It suggests the housing market will keep its momentum after booming\nin 2020 - for comparison, we saw a rise of over 6% this year. Why? Rightmove\nreckons cheap mortgage deals and consistent demand will keep prices growing,\neven after the stamp duty holiday ends.\n\nDon’t hoard loo roll\nShoppers have been warned not to stockpile [about:blank] ahead of 1st January\nwhen the Brexit transition period ends. The British Retail Consortium (BRC) says\nshops are increasing their supply of loo roll, tins, and other essentials - so\nthere’s no need to panic buy. It admitted it’s uncertain how much disruption\nwe’ll face, but says only some fresh produce would be affected.\n\nNew nuclear plant\nA new £20 billion nuclear power plant in Suffolk could provide 7% of the UK’s\nelectricity. The government has begun talks with EDF [about:blank] about\nconstruction at the Sizewell C site. If it goes ahead, it would create thousands\nof jobs and form a reliable part of our energy mix. But campaigners say it’s too\nexpensive compared to wind and solar power which are getting cheaper.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Rightmove has forecasted a 4% rise in house prices next year. It suggests the housing market will keep its momentum after booming in 2020 - for comparison, we saw a rise of over 6% this year. Why? Rightmove reckons cheap mortgage deals and consistent demand will keep prices growing, even after the stamp duty holiday ends.
![](\"https://multiply.ghost.io/content/images/2020/12/image-2.png\")
Shoppers have been warned not to stockpile ahead of 1st January when the Brexit transition period ends. The British Retail Consortium (BRC) says shops are increasing their supply of loo roll, tins, and other essentials - so there’s no need to panic buy. It admitted it’s uncertain how much disruption we’ll face, but says only some fresh produce would be affected.
A new £20 billion nuclear power plant in Suffolk could provide 7% of the UK’s electricity. The government has begun talks with EDF about construction at the Sizewell C site. If it goes ahead, it would create thousands of jobs and form a reliable part of our energy mix. But campaigners say it’s too expensive compared to wind and solar power which are getting cheaper.
","url":"https://multiply.ghost.io/2021-house-price-rise/","uuid":"3fdcec8f-acbc-4e42-8ac8-ea04f7867d38","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fd72d384b14020039e0d8f1"}},{"node":{"id":"Ghost__Post__5fd344e447d2f20039c4218b","title":"Banks stay strong","slug":"banks-stay-strong","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-8.png","excerpt":"British banks are in a good place to weather 2021, according to the Bank of England.","custom_excerpt":"British banks are in a good place to weather 2021, according to the Bank of England.","created_at_pretty":"11 December, 2020","published_at_pretty":"11 December, 2020","updated_at_pretty":"11 December, 2020","created_at":"2020-12-11T10:07:32.000+00:00","published_at":"2020-12-11T10:09:38.000+00:00","updated_at":"2020-12-11T10:26:09.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nCarry on lending\nBritish banks are in a good place to weather 2021\n[https://uk.reuters.com/article/uk-britain-boe-idUKKBN28L0MT], according to the\nBank of England. The central bank has taken steps to keep the banks calm to\ncarry on lending, in prep for economic instability caused by the pandemic and\nBrexit. They can handle up to £200 billion in credit losses, which is a lot -\nhouse prices would have to fall 30% for the banks to see that kind of loss.\n\nNew trade deals\nThe UK has signed free-trade deals\n[https://www.cityam.com/uk-signs-free-trade-deals-with-vietnam-and-singapore/] \nwith Vietnam and Singapore. They’re continuity deals, which means we’ll have the\nsame relationship as when we were in the EU.\n\nTravel ban\nUK tourists have been banned temporarily from travelling to the EU\n[https://www.cityam.com/uk-tourists-banned-from-eu-travel-from-1-january-under-covid-rules/] \nfrom 1st January once the Brexit transition period ends. It’s because we have a\nhigh rate of coronavirus cases - many other non-EU countries are also banned for\nthe same reason.\n\nCladding tax\nCladding repairs could be paid for by a new tax\n[https://www.telegraph.co.uk/property/uk/tax-developers-foreign-buyers-pay-cladding-repairs-campaigners/]\n* on property developers, new home sales, and foreign buyers. That’s a new\nproposal by the Leasehold Knowledge Partnership to solve the cladding crisis\naffecting millions of homeowners. It says leaseholders should not have to pay\nfor the repairs needed to make their homes safe.\n\nPostie running late\nLast- minute Christmas gifts might not arrive in time\n[https://inews.co.uk/news/business/coronavirus-latest-royal-mail-deliveries-parcels-delayed-when-online-sales-surge-790871] \nthis year, as Royal Mail struggles with a high volume of parcels. It says the\ndelays are despite their best efforts, as more people are doing their Christmas\nshopping online.\n\n*this article might need a subscription to read.","html":"The 1-minute read to get the money news you need.
British banks are in a good place to weather 2021, according to the Bank of England. The central bank has taken steps to keep the banks calm to carry on lending, in prep for economic instability caused by the pandemic and Brexit. They can handle up to £200 billion in credit losses, which is a lot - house prices would have to fall 30% for the banks to see that kind of loss.
The UK has signed free-trade deals with Vietnam and Singapore. They’re continuity deals, which means we’ll have the same relationship as when we were in the EU.
UK tourists have been banned temporarily from travelling to the EU from 1st January once the Brexit transition period ends. It’s because we have a high rate of coronavirus cases - many other non-EU countries are also banned for the same reason.
Cladding repairs could be paid for by a new tax* on property developers, new home sales, and foreign buyers. That’s a new proposal by the Leasehold Knowledge Partnership to solve the cladding crisis affecting millions of homeowners. It says leaseholders should not have to pay for the repairs needed to make their homes safe.
Last- minute Christmas gifts might not arrive in time this year, as Royal Mail struggles with a high volume of parcels. It says the delays are despite their best efforts, as more people are doing their Christmas shopping online.
*this article might need a subscription to read.
","url":"https://multiply.ghost.io/banks-stay-strong/","uuid":"6f115d86-5dda-4ff9-88b0-ebf920cd7dac","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fd344e447d2f20039c4218b"}},{"node":{"id":"Ghost__Post__5fd1f895293f3d003948197b","title":"We're still growing (just)","slug":"untitled-21","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-7.png","excerpt":"UK GDP grew by just 0.4% in October as our economic recovery stalled.","custom_excerpt":"UK GDP grew by just 0.4% in October as our economic recovery stalled.","created_at_pretty":"10 December, 2020","published_at_pretty":"10 December, 2020","updated_at_pretty":"10 December, 2020","created_at":"2020-12-10T10:29:41.000+00:00","published_at":"2020-12-10T10:35:26.000+00:00","updated_at":"2020-12-10T10:47:37.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nEconomic growth slows\nUK GDP grew by just 0.4% [https://www.bbc.co.uk/news/business-55246706] in\nOctober as our economic recovery stalled. It means the economy is still around\n8% below its pre-pandemic size, according to the Office for National Statistics\n(ONS). It’s also expecting to see a slump in November’s figures because of the\nlockdown in England.\n\nHousing market losing steam\nProperty surveyors say they’re expecting to see a slowdown in home sales next\nyear [https://www.bbc.co.uk/news/business-55249133]. Transactions are continuing\nto climb ahead of Christmas as the stamp duty holiday deadline looms. But the\nRoyal Institute of Chartered Surveyors (Rics) says there are signs that demand\nis losing steam in some parts of the country.\n\nAdviser Comment: \"We broadly agree with this. A rise and fall in sales due to\nthe end of stamp duty relief is expected. Rics also says overall prices may not\nfall much, because sellers are prepared to wait in order to get the price they\nwant. This may be challenging for first-time buyers who already need to save\nlarge deposits in order to get a mortgage.\"\n\nBreaking up Facebook?\nFacebook has been hit by a slew of antitrust lawsuits\n[https://www.theguardian.com/technology/2020/dec/09/facebook-lawsuit-antitrust-whatsapp-instagram-ftc] \nin the US. The government and a coalition of 48 states and districts have\naccused the social media giant of anti competitive behaviour. They say Facebook\nabused its market power to squash smaller competitors. If they win, Facebook\ncould ultimately be broken up into smaller companies.\n\nVAT increases?\nIn other bad news for big tech, the chancellor is considering tougher VAT rules\n[https://www.theguardian.com/technology/2020/dec/09/facebook-lawsuit-antitrust-whatsapp-instagram-ftc] \nfor Airbnb hosts and Uber drivers. The so-called sharing economy has grown\nrapidly over the last few years, with 5 million of people now earning their\nincome this way. Rishi Sunak is worried they’re not paying their fair share of\ntaxes.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
UK GDP grew by just 0.4% in October as our economic recovery stalled. It means the economy is still around 8% below its pre-pandemic size, according to the Office for National Statistics (ONS). It’s also expecting to see a slump in November’s figures because of the lockdown in England.
Property surveyors say they’re expecting to see a slowdown in home sales next year. Transactions are continuing to climb ahead of Christmas as the stamp duty holiday deadline looms. But the Royal Institute of Chartered Surveyors (Rics) says there are signs that demand is losing steam in some parts of the country.
Adviser Comment: \"We broadly agree with this. A rise and fall in sales due to the end of stamp duty relief is expected. Rics also says overall prices may not fall much, because sellers are prepared to wait in order to get the price they want. This may be challenging for first-time buyers who already need to save large deposits in order to get a mortgage.\"
Facebook has been hit by a slew of antitrust lawsuits in the US. The government and a coalition of 48 states and districts have accused the social media giant of anti competitive behaviour. They say Facebook abused its market power to squash smaller competitors. If they win, Facebook could ultimately be broken up into smaller companies.
In other bad news for big tech, the chancellor is considering tougher VAT rules for Airbnb hosts and Uber drivers. The so-called sharing economy has grown rapidly over the last few years, with 5 million of people now earning their income this way. Rishi Sunak is worried they’re not paying their fair share of taxes.
","url":"https://multiply.ghost.io/untitled-21/","uuid":"203a1fb6-ba4f-424b-b5ff-25d6cd1f7587","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fd1f895293f3d003948197b"}},{"node":{"id":"Ghost__Post__5fd0a6b044f48d0039d57690","title":"The last supper","slug":"the-last-supper","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-6.png","excerpt":"Boris Johnson flies to Brussels today for last-ditch talks about the sticking points getting in the way of a Brexit deal.","custom_excerpt":"Boris Johnson flies to Brussels today for last-ditch talks about the sticking points getting in the way of a Brexit deal.","created_at_pretty":"09 December, 2020","published_at_pretty":"09 December, 2020","updated_at_pretty":"09 December, 2020","created_at":"2020-12-09T10:28:00.000+00:00","published_at":"2020-12-09T10:29:36.000+00:00","updated_at":"2020-12-09T10:29:36.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nBrexit deal dinner\nBoris Johnson will fly to Brussels today for last-ditch talks to try and \nresolve\nthe sticking points [https://www.bbc.co.uk/news/uk-politics-55240910] that are\ngetting in the way of a Brexit deal. He’ll have dinner this evening with\nEuropean Commission President Ursula von der Leyen.\n\nNo-deal budget?\nChancellor Rishi Sunak is planning for the economic impacts\n[https://inews.co.uk/news/brexit/rishi-sunak-plans-economic-impact-no-deal-brexit-worst-hit-sectors-explained-787774] \nof a no-deal Brexit. He’ll stop short of delivering a full Budget in the event\nthat trade talks fail, but he’s prepping extra support for the sectors that need\nit most, such as farming.\n\nCheap, green revolution\nThe transition to a low-carbon economy will cost less than expected\n[https://www.bbc.co.uk/news/science-environment-55237821], according to a new\nreport. The Climate Change Committee reckons the UK can reduce emissions by 78%\nbefore 2035, for the bargain price of 1% of GDP. That’s because many clean\ntechnologies are more efficient - meaning the costs are offset by savings down\nthe line.\n\nChristmas comes early\nSupermarkets are celebrating already, with record-breaking November sales. We \nspent £10.9 billion on groceries [https://www.bbc.co.uk/news/business-55227645] \nin November - partly because of the lockdown in England, and also because many\npeople started stocking up for Christmas. Predictably, alcohol sales were also\nup as bars and pubs were closed.","html":"The 1-minute read to get the money news you need.
Boris Johnson will fly to Brussels today for last-ditch talks to try and resolve the sticking points that are getting in the way of a Brexit deal. He’ll have dinner this evening with European Commission President Ursula von der Leyen.
Chancellor Rishi Sunak is planning for the economic impacts of a no-deal Brexit. He’ll stop short of delivering a full Budget in the event that trade talks fail, but he’s prepping extra support for the sectors that need it most, such as farming.
The transition to a low-carbon economy will cost less than expected, according to a new report. The Climate Change Committee reckons the UK can reduce emissions by 78% before 2035, for the bargain price of 1% of GDP. That’s because many clean technologies are more efficient - meaning the costs are offset by savings down the line.
Supermarkets are celebrating already, with record-breaking November sales. We spent £10.9 billion on groceries in November - partly because of the lockdown in England, and also because many people started stocking up for Christmas. Predictably, alcohol sales were also up as bars and pubs were closed.
","url":"https://multiply.ghost.io/the-last-supper/","uuid":"b7ca7343-fca8-4660-ab77-85b75e73e4d4","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fd0a6b044f48d0039d57690"}},{"node":{"id":"Ghost__Post__5fcf3e3b6d48cf00398ca757","title":"V Day arrives","slug":"v-day-arrives","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/12/Multiply-minute-5.png","excerpt":"90-year old Margaret Keenan has become the first person in the world to be immunised against coronavirus.","custom_excerpt":"90-year old Margaret Keenan has become the first person in the world to be immunised against coronavirus.","created_at_pretty":"08 December, 2020","published_at_pretty":"08 December, 2020","updated_at_pretty":"08 December, 2020","created_at":"2020-12-08T08:50:03.000+00:00","published_at":"2020-12-08T08:52:04.000+00:00","updated_at":"2020-12-08T08:52:04.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nPatient A gets vaccine\n90-year old grandmother Margaret Keenan has become the first person in the world\nto be immunised against coronavirus\n[https://news.sky.com/story/covid-19-uk-patient-becomes-first-in-world-to-receive-pfizer-biontech-coronavirus-vaccine-outside-a-clinical-trial-12154354]\n. Dubbed “Patient A”, she received the Pfizer/BioNTech jab in a Coventry\nhospital this morning, after the UK became the first country to approve it. It’s\nthe start of a massive vaccine rollout that should help life get back to normal\nin 2021.\n\nUber sells self-driving cars\nUber has abandoned plans to build its own autonomous vehicles\n[https://www.bbc.co.uk/news/amp/business-55224462]. It’s selling its\nself-driving car venture to another company, Aurora, in order to focus on\nprofits. Uber says it plans to work with Aurora to roll out autonomous rides\nwhen the tech is ready.\n\nLottery age to rise\nFrom next October, there’ll be no more scratch cards in 16th birthday cards - \nyou’ll have to be 18 [about:blank] to play the National Lottery. It’s part of a\ngovernment crackdown on gambling, which also includes plans to limit online\nstakes and restrict the ways gambling is advertised.\n\nAirbnb going public\nAirbnb is prepping to make its shares public [about:blank]* on Thursday, in an\nInitial Public Offering (IPO) worth $42 billion. It’s set to be one of the\nbiggest IPOs of the year, following a last-minute boost to its valuation. That's\nin spite of 2020’s setbacks for the travel industry.\n\nIkea catalogue retires\nAfter a 70-year career, Ikea’s iconic catalogue is going out for the last time\n[https://www.theguardian.com/business/2020/dec/07/ikea-to-stop-printing-catalogue-after-70-years-as-customers-move-online]\n. At its most popular, the catalogue had a bigger circulation than the Bible.\nBut now, demand has fallen with more customers browsing online instead.","html":"The 1-minute read to get the money news you need.
90-year old grandmother Margaret Keenan has become the first person in the world to be immunised against coronavirus. Dubbed “Patient A”, she received the Pfizer/BioNTech jab in a Coventry hospital this morning, after the UK became the first country to approve it. It’s the start of a massive vaccine rollout that should help life get back to normal in 2021.
Uber has abandoned plans to build its own autonomous vehicles. It’s selling its self-driving car venture to another company, Aurora, in order to focus on profits. Uber says it plans to work with Aurora to roll out autonomous rides when the tech is ready.
From next October, there’ll be no more scratch cards in 16th birthday cards - you’ll have to be 18 to play the National Lottery. It’s part of a government crackdown on gambling, which also includes plans to limit online stakes and restrict the ways gambling is advertised.
Airbnb is prepping to make its shares public* on Thursday, in an Initial Public Offering (IPO) worth $42 billion. It’s set to be one of the biggest IPOs of the year, following a last-minute boost to its valuation. That's in spite of 2020’s setbacks for the travel industry.
After a 70-year career, Ikea’s iconic catalogue is going out for the last time. At its most popular, the catalogue had a bigger circulation than the Bible. But now, demand has fallen with more customers browsing online instead.
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