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The 1-minute read to get the money news you need
ComparetheMarket is facing a £17.9 million fine for breaching competition law. The comparison website had cut deals with insurance providers to stop them offering lower prices via other sites. The Competition and Markets Authority said the breaches probably led to homeowners having to pay higher insurance premiums.
Pubs and restaurants are calling for help to stay afloat, with 72% facing permanent closure in the next year. The new survey from the hospitality industry shows venues have been forced to operate at a loss due to coronavirus restrictions. They’re asking for more money and a “fine tuning” of the tier system to help as many businesses as possible to stay open.
The government has announced huge extra funding for the military - the biggest since the cold war. It says the extra £24 billion over the next 4 years will strengthen cyber and space defences - and create an extra 10,000 jobs a year in the process.
The music industry generated £5.8 billion for the UK economy last year - up 11% thanks to stars like Ed Sheeran and Dua Lipa. And a large slice of that came from live shows - most of which have been cancelled this year. With live tours made impossible, 2020 has seen musicians’ incomes drop by 80%, with a knock-on effect for venues and promoters.
","url":"https://multiply.ghost.io/comparethemarket-fined-17-9m/","uuid":"447e84f3-590d-4084-83ab-edfab05a904f","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fb63b9c7ca59d0039c65b21"}},{"node":{"id":"Ghost__Post__5fb4fef621074c0039a06806","title":"Car ban by 2030","slug":"car-ban-by-2030","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-12.png","excerpt":"From 2030, all cars and vans sold in the UK will have to be electric or hybrid.","custom_excerpt":"From 2030, all cars and vans sold in the UK will have to be electric or hybrid.","created_at_pretty":"18 November, 2020","published_at_pretty":"18 November, 2020","updated_at_pretty":"18 November, 2020","created_at":"2020-11-18T11:01:10.000+00:00","published_at":"2020-11-18T11:15:20.000+00:00","updated_at":"2020-11-18T11:15:20.000+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\nPetrol and diesel banned\nFrom 2030, all cars and vans sold in the UK will have to be electric or hybrid,\nunder Boris Johnson’s new “green industrial revolution” plan\n[https://www.bbc.co.uk/news/science-environment-54981425]. It’s part of a £4\nbillion package announced yesterday to tackle climate change and create up to\n250,000 jobs. As well as driving out petrol and diesel cars, it includes\nbuilding new wind farms and a new nuclear plant, and installing low-energy heat\npumps in millions of homes.\n\nRetail extravaganza\nNovember is shaping up to be a record-breaking month\n[https://www.theguardian.com/business/2020/nov/17/lockdown-and-black-friday-set-up-record-breaking-month-for-uk-online-retail] \nfor online spending. With England stuck indoors, we’re buying 61% more stuff\nonline than this time last year. Plus, Black Friday is set to be even bigger\nthan usual, as retailers urge people to get their Christmas shopping done early.\n\nInflation picks up\nThe rate of inflation was higher than expected in October\n[https://uk.reuters.com/article/UKNews1/idUKKBN27Y0OI], driven by price\nincreases for food and clothing. There was a little bit of stockpiling at the\nend of the month, when new restrictions were announced including a second\nnational lockdown in England.\n\nInvestment surge?\nThe prospect of a coronavirus vaccine could trigger an investment surge\n[https://www.theguardian.com/business/2020/nov/17/covid-crisis-and-brexit-changing-the-structure-of-uk-economy-bank-of-england-chief-says] \nin the UK according to Andrew Bailey, the governor of the Bank of England. It\nwould remove a key source of uncertainty that has held back investment in\nbusinesses. He also mused that the economic shift caused by the pandemic could\nhold a cure for the UK’s poor productivity record.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
From 2030, all cars and vans sold in the UK will have to be electric or hybrid, under Boris Johnson’s new “green industrial revolution” plan. It’s part of a £4 billion package announced yesterday to tackle climate change and create up to 250,000 jobs. As well as driving out petrol and diesel cars, it includes building new wind farms and a new nuclear plant, and installing low-energy heat pumps in millions of homes.
November is shaping up to be a record-breaking month for online spending. With England stuck indoors, we’re buying 61% more stuff online than this time last year. Plus, Black Friday is set to be even bigger than usual, as retailers urge people to get their Christmas shopping done early.
The rate of inflation was higher than expected in October, driven by price increases for food and clothing. There was a little bit of stockpiling at the end of the month, when new restrictions were announced including a second national lockdown in England.
The prospect of a coronavirus vaccine could trigger an investment surge in the UK according to Andrew Bailey, the governor of the Bank of England. It would remove a key source of uncertainty that has held back investment in businesses. He also mused that the economic shift caused by the pandemic could hold a cure for the UK’s poor productivity record.
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The 1-minute read to get the money news you need with expert adviser commentary.
EasyJet lost money this year for the first time ever, after the pandemic wreaked havoc on the entire country’s travel plans. The budget airline has reported a pre-tax loss of £1.2 billion for the year ending 30th September. Its fleet was grounded during the spring lockdown, and overall this year it’s flown half as many passengers as usual.
Top jobs that are advertised with flexible working hours get 20% more female applicants, according to a government-backed study for Zurich insurance. The firm is now offering flexible working to all staff, and says the number of women hired for senior roles has risen by a third.
Thousands of older homeowners with interest-only mortgages* could be forced to sell their homes or face repossession next year. Interest-only mortgages are a cheaper alternative to repayment mortgages. But 86,000 deals are due to mature next year, and many borrowers could be too old to qualify for a new mortgage.
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The 1-minute read to get the money news you need with expert adviser commentary.
House prices have retreated 0.5% from recent record highs, according to Rightmove. The property website reckons sellers are asking for less in a bid to sell quickly and beat the stamp duty deadline. The tax break - which means there’s no stamp duty on homes costing up to £500,000 - is due to finish at the end of March.
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A third of people now have less than £1,500 in the bank, despite the average household saving 29% of their disposable income - up from 5% before March. The Centre for Enterprise, Markets and Ethics (CEME) says many higher earners have been working from home and have funnelled more cash into savings, while low income workers are more likely to have been furloughed or made redundant.
Investors are pushing companies to include the costs of climate change in their financial statements. 36 carbon-heavy companies have received the report asking them to be honest with shareholders about the impacts of climate change. Doing so could wipe billions of dollars off the value of sectors like energy and aviation.
Complaints about parcel deliveries have tripled since March, according to Citizens Advice. The online shopping boom has fed a rise in grievances over late and lost packages, as well as missing refunds. It’s the seller’s responsibility to deliver the items to your door, and you’re entitled to a refund if that service fails.
","url":"https://multiply.ghost.io/house-price-dip/","uuid":"5f583ce2-c083-4dfa-9616-c93778a7d5b3","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fb24da3a9f61f0039eb1bbc"}},{"node":{"id":"Ghost__Post__5fae4f8916f6500039407df7","title":"UK hiring spree","slug":"uk-hiring-spree","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-9.png","excerpt":"The number of job vacancies has risen to a high not seen since March","custom_excerpt":"The number of job vacancies has risen to a high not seen since March","created_at_pretty":"13 November, 2020","published_at_pretty":"13 November, 2020","updated_at_pretty":"13 November, 2020","created_at":"2020-11-13T09:19:05.000+00:00","published_at":"2020-11-13T09:20:22.000+00:00","updated_at":"2020-11-13T09:27:03.000+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\nJob ads surge\nThe number of job vacancies has risen to a high not seen since March. There are\nnow 1.36 million live job ads [https://www.bbc.co.uk/news/business-54916307],\naccording to the Recruitment and Employment Confederation (REC). North west\nEngland and Wales are leading the charge, with London lagging behind. \n\nBlack Friday boom\nOnline shopping has been one of the few economic winners to come out of lockdown\n- and this year’s Black Friday is expected to be bigger than ever. But it’s\nexpected to cause a big spike in carbon emissions\n[https://www.bbc.co.uk/news/business-54924993], according to comparison site\nmoney.co.uk. Why? There’s a rush of vans into the streets, with many shoppers\nexpecting next-day delivery.\n\nHospitality struggles\nPubs and restaurants saw their sales slump by a third\n[https://www.telegraph.co.uk/business/2020/11/13/pub-restaurant-sales-plunged-third-october/] \nin October, compared to the same time last year. The struggle began even before\nsecond national lockdowns came into force. Local restrictions meant some places\nhad to shut up shop, and everyone else had to close early to comply with the\n10pm curfew.","html":"The 1-minute read to get the money news you need.
The number of job vacancies has risen to a high not seen since March. There are now 1.36 million live job ads, according to the Recruitment and Employment Confederation (REC). North west England and Wales are leading the charge, with London lagging behind.
Online shopping has been one of the few economic winners to come out of lockdown - and this year’s Black Friday is expected to be bigger than ever. But it’s expected to cause a big spike in carbon emissions, according to comparison site money.co.uk. Why? There’s a rush of vans into the streets, with many shoppers expecting next-day delivery.
Pubs and restaurants saw their sales slump by a third in October, compared to the same time last year. The struggle began even before second national lockdowns came into force. Local restrictions meant some places had to shut up shop, and everyone else had to close early to comply with the 10pm curfew.
","url":"https://multiply.ghost.io/uk-hiring-spree/","uuid":"4e36072d-ee77-45ca-8856-eb39d37f520f","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fae4f8916f6500039407df7"}},{"node":{"id":"Ghost__Post__5fad05d421f16700393b925e","title":"Recession’s over (for now)","slug":"confirmed-recessions-over","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-8.png","excerpt":"The UK economy grew 15.5% between July and September.","custom_excerpt":"The UK economy grew 15.5% between July and September.","created_at_pretty":"12 November, 2020","published_at_pretty":"12 November, 2020","updated_at_pretty":"12 November, 2020","created_at":"2020-11-12T09:52:20.000+00:00","published_at":"2020-11-12T10:12:17.000+00:00","updated_at":"2020-11-12T10:12:17.000+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\nWe bounced back\nThe UK economy grew 15.5% [https://www.bbc.co.uk/news/business-54914410] between\nJuly and September, according to the latest figures from the Office for National\nStatistics. It’s a big bounce back from the recession we had in the first half\nof the year - but we’re still not back to where we were. UK GDP is still 8.2%\nsmaller than it was before the virus struck.\n\nDouble capital gains tax?\nA new government report has recommended that capital gains tax should be doubled\n[https://www.bbc.co.uk/news/business-54908037]. The move could raise £14 billion\nin tax revenues for the government to help cover the costs of the coronavirus\npandemic. This tax applies to a lot of people, but is usually only charged to\npeople selling second homes or large amounts of assets not shielded from it.\n\nHousing market slowdown?\nLondon’s property boom is going to run out of steam next year\n[https://www.cityam.com/londons-housing-market-activity-expected-to-slow-next-year-survey-finds/]\n, as government support measures like the stamp duty holiday come to an end. The\nnumber of house hunters has been growing for 5 consecutive months, as has the\nnumber of homes for sale. But it won’t last, according to a new survey by the\nRoyal Institute of Chartered Surveyors.\n\nKickstart scheme kicks off\nThe government-funded work placements scheme has created 19,000 roles\n[https://www.bbc.co.uk/news/business-54903051] for 16-24 year olds, and many are\ndue to start their new jobs this week. The unemployment rate in this age group\nis currently 14.6% - triple the figure in the population as a whole. The scheme\nis designed to help people into long-term work.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
The UK economy grew 15.5% between July and September, according to the latest figures from the Office for National Statistics. It’s a big bounce back from the recession we had in the first half of the year - but we’re still not back to where we were. UK GDP is still 8.2% smaller than it was before the virus struck.
A new government report has recommended that capital gains tax should be doubled. The move could raise £14 billion in tax revenues for the government to help cover the costs of the coronavirus pandemic. This tax applies to a lot of people, but is usually only charged to people selling second homes or large amounts of assets not shielded from it.
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London’s property boom is going to run out of steam next year, as government support measures like the stamp duty holiday come to an end. The number of house hunters has been growing for 5 consecutive months, as has the number of homes for sale. But it won’t last, according to a new survey by the Royal Institute of Chartered Surveyors.
The government-funded work placements scheme has created 19,000 roles for 16-24 year olds, and many are due to start their new jobs this week. The unemployment rate in this age group is currently 14.6% - triple the figure in the population as a whole. The scheme is designed to help people into long-term work.
","url":"https://multiply.ghost.io/confirmed-recessions-over/","uuid":"0cd9887f-6a68-43ce-ac04-b01ebca5e811","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fad05d421f16700393b925e"}},{"node":{"id":"Ghost__Post__5fabc928f39c05003955e0e3","title":"Back to normal by summer?","slug":"back-to-normal-by-summer","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-7.png","excerpt":"Economists have updated their predictions* to give a much rosier view of the UK’s economic recovery.","custom_excerpt":"Economists have updated their predictions* to give a much rosier view of the UK’s economic recovery.","created_at_pretty":"11 November, 2020","published_at_pretty":"11 November, 2020","updated_at_pretty":"11 November, 2020","created_at":"2020-11-11T11:21:12.000+00:00","published_at":"2020-11-11T11:25:07.000+00:00","updated_at":"2020-11-11T11:25:07.000+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\nEconomy recovered by summer\nEconomists have updated their predictions\n[https://www.thetimes.co.uk/edition/business/economy-to-recover-from-coronavirus-by-the-summer-l5cmdtlhh]\n* to give a much rosier view of the UK’s economic recovery. In light of\nyesterday’s vaccine news, GDP is now expected to be back to normal by the middle\nof next year. They also reckon unemployment will peak at 7%, rather than 9% as\npreviously feared.\n\nTwo-speed rental market\nRents have gone up 1.7%\n[https://www.telegraph.co.uk/property/buy-to-let/first-time-buyers-shut-housing-market-pushing-rents/]\n* over the past year according to Zoopla. Demand is up, with 20% more tenants in\nthe market. Why? Many first time buyers are struggling to get a mortgage at the\nmoment, forcing them to keep renting. At the same time, London rents have fallen\nby 5.2%, the steepest drop since 2009.\n\nForeign takeovers banned\nThe government will today reveal new legislation\n[https://www.cityam.com/ministers-to-block-foreign-takeovers-of-uk-firms-under-new-law/] \nthat allows it to stop British companies being bought by firms in hostile\nstates. Firms in certain sectors that are of strategic importance will be\nprotected by the new bill. The aim is to stop deals which could damage the UK,\nwhich will be particularly important after Brexit.\n\nFreelancers quit\n174,000 freelancers have quit self-employment\n[https://www.ftadviser.com/companies/2020/11/10/concerns-about-govt-support-blamed-for-self-employed-exodus/] \nbetween July and September, according the Office for National Statistics. Some\nanalysts say the exodus could be down to the less generous support given to the\nself-employed during the pandemic.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Economists have updated their predictions* to give a much rosier view of the UK’s economic recovery. In light of yesterday’s vaccine news, GDP is now expected to be back to normal by the middle of next year. They also reckon unemployment will peak at 7%, rather than 9% as previously feared.
Rents have gone up 1.7%* over the past year according to Zoopla. Demand is up, with 20% more tenants in the market. Why? Many first time buyers are struggling to get a mortgage at the moment, forcing them to keep renting. At the same time, London rents have fallen by 5.2%, the steepest drop since 2009.
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The government will today reveal new legislation that allows it to stop British companies being bought by firms in hostile states. Firms in certain sectors that are of strategic importance will be protected by the new bill. The aim is to stop deals which could damage the UK, which will be particularly important after Brexit.
174,000 freelancers have quit self-employment between July and September, according the Office for National Statistics. Some analysts say the exodus could be down to the less generous support given to the self-employed during the pandemic.
","url":"https://multiply.ghost.io/back-to-normal-by-summer/","uuid":"98795d27-f353-4b89-b622-1f9c611fc74b","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fabc928f39c05003955e0e3"}},{"node":{"id":"Ghost__Post__5faa5ff629e29a0039c1454c","title":"Vaccine by Christmas?","slug":"vaccine-by-christmas","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-6.png","excerpt":"The NHS is getting ready to roll out a coronavirus vaccine by early December.","custom_excerpt":"The NHS is getting ready to roll out a coronavirus vaccine by early December.","created_at_pretty":"10 November, 2020","published_at_pretty":"10 November, 2020","updated_at_pretty":"10 November, 2020","created_at":"2020-11-10T09:40:06.000+00:00","published_at":"2020-11-10T09:42:10.000+00:00","updated_at":"2020-11-10T09:42:10.000+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\nNHS told to prepare\nThe NHS is getting ready to roll out a coronavirus vaccine\n[https://news.sky.com/story/coronavirus-matt-hancock-asks-nhs-to-be-ready-to-deploy-covid-19-vaccine-from-start-of-december-12128921] \nby early December, according to Health Secretary Matt Hancock. The announcement\ncomes after drug companies Pfizer and BioNTech hailed a breakthrough: a 93%\neffective coronavirus vaccine. The government has ordered enough of it to\nvaccinate 20 million people, but warns there are still many hurdles to clear\nbefore life can get back to normal.\n\nJobless rate rises\nUnemployment has risen to 4.8% [https://www.bbc.co.uk/news/business-54884592] \nfor the 3 months to September as the pandemic continues to hammer the jobs\nmarket. Redundancies rose to a record high of 314,000 over the same time period.\nMany were let go in anticipation of the end of the furlough scheme - which never\ncame. The scheme has now been extended to the end of March, but some experts say\nthe extension came too late to save jobs.\n\nStaying-in staples\nBrits stocked up on alcohol and frozen food\n[https://www.cityam.com/brits-stock-up-on-booze-and-frozen-food-ahead-of-second-lockdown/] \nlast month, ready to batten down the hatches for the November national lockdown\nin England. Online sales surged as shoppers once again grew cautious about\nin-store visits. The next feature on the horizon is Christmas, with huge\nuncertainty leaving people unable to plan their festive groceries.\n\nMaccies going vegan\nMcDonalds has announced the McPlant\n[https://www.bbc.co.uk/news/business-54883140], a range of vegan burgers,\nchicken alternatives, and breakfast sandwiches. The fast food giant is\nrelatively late to the plant-based market, which Barclays has estimated could be\nworth £106 billion by 2029. The McPlant options will be available next year.","html":"The 1-minute read to get the money news you need.
The NHS is getting ready to roll out a coronavirus vaccine by early December, according to Health Secretary Matt Hancock. The announcement comes after drug companies Pfizer and BioNTech hailed a breakthrough: a 93% effective coronavirus vaccine. The government has ordered enough of it to vaccinate 20 million people, but warns there are still many hurdles to clear before life can get back to normal.
Unemployment has risen to 4.8% for the 3 months to September as the pandemic continues to hammer the jobs market. Redundancies rose to a record high of 314,000 over the same time period. Many were let go in anticipation of the end of the furlough scheme - which never came. The scheme has now been extended to the end of March, but some experts say the extension came too late to save jobs.
Brits stocked up on alcohol and frozen food last month, ready to batten down the hatches for the November national lockdown in England. Online sales surged as shoppers once again grew cautious about in-store visits. The next feature on the horizon is Christmas, with huge uncertainty leaving people unable to plan their festive groceries.
McDonalds has announced the McPlant, a range of vegan burgers, chicken alternatives, and breakfast sandwiches. The fast food giant is relatively late to the plant-based market, which Barclays has estimated could be worth £106 billion by 2029. The McPlant options will be available next year.
","url":"https://multiply.ghost.io/vaccine-by-christmas/","uuid":"07726659-75b5-4625-ad90-cfa1cdc9ca84","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5faa5ff629e29a0039c1454c"}},{"node":{"id":"Ghost__Post__5fa90fb2da330e0039cbe010","title":"Biden bounce","slug":"biden-bounce","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-5.png","excerpt":"Joe Biden’s victory in the US presidential election has boosted stock markets around the world.","custom_excerpt":"Joe Biden’s victory in the US presidential election has boosted stock markets around the world.","created_at_pretty":"09 November, 2020","published_at_pretty":"09 November, 2020","updated_at_pretty":"09 November, 2020","created_at":"2020-11-09T09:45:22.000+00:00","published_at":"2020-11-09T09:46:20.000+00:00","updated_at":"2020-11-09T09:46:20.000+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\nBiden boosts markets\nJoe Biden’s victory in the US presidential election has boosted stock markets\n[https://www.theguardian.com/business/2020/nov/09/biden-win-boosts-global-stock-markets-as-japanese-shares-soar-to-29-year-high] \naround the world, with Japanese shares hitting a 30-year high. The new\npresident-elect was declared over the weekend, so today’s the first day for the\nmarkets to react to the result. Europe and the US are expected to follow suit.\n\nStamp duty holiday\n70% of hopeful homebuyers think Rishi Sunak should extend the stamp duty holiday\n[https://inews.co.uk/news/house-buyers-rishi-sunak-extend-stamp-duty-holiday-beyond-march-752976] \nbeyond 31st March 2020, according to MoneySuperMarket. With mortgage approvals\ntaking longer there’s currently just a few weeks left for hopeful buyers to find\na property and get the ball rolling. A quarter of buyers say they’ll call off\ntheir purchase if they can’t take advantage of the tax saving.\n\nPay rise\nOver 250,000 people will get a pay rise today\n[https://www.bbc.co.uk/news/business-54867444] as the “real living wage”\nincreases 20p to £9.50 an hour - and £10.85 in London. The real living wage is a\nvoluntary rate that over 7,000 employers have signed up to. It’s higher than the\nNational Minimum Wage, which is currently £8.72 an hour for anyone over 25.","html":"The 1-minute read to get the money news you need
Joe Biden’s victory in the US presidential election has boosted stock markets around the world, with Japanese shares hitting a 30-year high. The new president-elect was declared over the weekend, so today’s the first day for the markets to react to the result. Europe and the US are expected to follow suit.
70% of hopeful homebuyers think Rishi Sunak should extend the stamp duty holiday beyond 31st March 2020, according to MoneySuperMarket. With mortgage approvals taking longer there’s currently just a few weeks left for hopeful buyers to find a property and get the ball rolling. A quarter of buyers say they’ll call off their purchase if they can’t take advantage of the tax saving.
Over 250,000 people will get a pay rise today as the “real living wage” increases 20p to £9.50 an hour - and £10.85 in London. The real living wage is a voluntary rate that over 7,000 employers have signed up to. It’s higher than the National Minimum Wage, which is currently £8.72 an hour for anyone over 25.
","url":"https://multiply.ghost.io/biden-bounce/","uuid":"0f52278f-5b20-4bd3-9219-17b0c3b466c6","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fa90fb2da330e0039cbe010"}},{"node":{"id":"Ghost__Post__5fa5122584231c00395e41a4","title":"Furlough's back til March","slug":"furloughs-back-til-march","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-4.png","excerpt":"Furlough has been confirmed until the end of March - which will mark a full year of the scheme.","custom_excerpt":"Furlough has been confirmed until the end of March - which will mark a full year of the scheme.","created_at_pretty":"06 November, 2020","published_at_pretty":"06 November, 2020","updated_at_pretty":"06 November, 2020","created_at":"2020-11-06T09:06:45.000+00:00","published_at":"2020-11-06T09:09:04.000+00:00","updated_at":"2020-11-06T09:44:16.000+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\nFull year of furlough\nFurlough scheme has been confirmed until the end of March\n[https://www.bbc.co.uk/news/business-54824120] - which will mark a full year of\nthe scheme. We’re back to the original deal: the government will pay 80% of your\nwages up to £2,500 a month. It’ll apply to the whole of the UK, and is expected\nto protect millions of jobs.\n\nBrexit bedlam\nThere will be significant disruption at the border\n[https://www.bbc.co.uk/news/uk-politics-54829094] when the Brexit transition\nperiod ends in January, according to the National Audit Office (NAO). It says\ntraders are unlikely to be ready for the new checks the EU will have to do on\ngoods going in and out. Preparations are underway - but with limited time left,\nofficials are worried we won’t be ready in time.\n\nFinancial advisers banned\nThree former financial advisers have been banned from practising\n[https://inews.co.uk/news/business/uk-city-regulator-bans-financial-advisers-sex-crime-convictions-750370] \nby the Financial Conduct Authority (FCA) after being convicted of sex crimes.\nIt’s the first time the FCA has banned people for non-financial misconduct.\n\nRogue debt advisers\nFee-charging debt companies are once again posing as debt charities\n[https://www.telegraph.co.uk/money/consumer-affairs/google-fails-ban-rogue-debt-advisers-millions-struggle-pandemic/]\n, in ads that Google had banned last year. The misleading ads are targeting\npeople searching for free advice about dealing with problem debt. It can spell\nbad news for financially vulnerable people, who can end up paying extra interest\nfor debt consolidation plans.","html":"The 1-minute read to get the money news you need.
Furlough scheme has been confirmed until the end of March - which will mark a full year of the scheme. We’re back to the original deal: the government will pay 80% of your wages up to £2,500 a month. It’ll apply to the whole of the UK, and is expected to protect millions of jobs.
There will be significant disruption at the border when the Brexit transition period ends in January, according to the National Audit Office (NAO). It says traders are unlikely to be ready for the new checks the EU will have to do on goods going in and out. Preparations are underway - but with limited time left, officials are worried we won’t be ready in time.
Three former financial advisers have been banned from practising by the Financial Conduct Authority (FCA) after being convicted of sex crimes. It’s the first time the FCA has banned people for non-financial misconduct.
![](\"https://multiply.ghost.io/content/images/2020/11/image-4.png\")
Fee-charging debt companies are once again posing as debt charities, in ads that Google had banned last year. The misleading ads are targeting people searching for free advice about dealing with problem debt. It can spell bad news for financially vulnerable people, who can end up paying extra interest for debt consolidation plans.
","url":"https://multiply.ghost.io/furloughs-back-til-march/","uuid":"26a4340f-6892-4177-8e12-83c5b8147374","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fa5122584231c00395e41a4"}},{"node":{"id":"Ghost__Post__5fa3cc4ad897cb0039520c96","title":"Lockdown cavalry is coming","slug":"lockdown-support-is-coming","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-3.png","excerpt":"The Bank of England will pump an extra £150 billion into the UK economy to get us through lockdown 2.0.","custom_excerpt":"The Bank of England will pump an extra £150 billion into the UK economy to get us through lockdown 2.0.","created_at_pretty":"05 November, 2020","published_at_pretty":"05 November, 2020","updated_at_pretty":"05 November, 2020","created_at":"2020-11-05T09:56:26.000+00:00","published_at":"2020-11-05T09:57:48.000+00:00","updated_at":"2020-11-05T09:57:48.000+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\nBank to the rescue\nThe Bank of England has said it’ll pump an extra £150 billion\n[https://www.bbc.co.uk/news/business-54817872] of stimulus into the UK economy\nto get us through lockdown 2.0. The extra cash will come via quantitative easing\n(QE) which is where the Bank prints new money and uses it to buy government\nbonds. That pushes interest rates down making it cheaper for people and\nbusinesses to borrow.\n\nFurlough extended?\nChancellor Rishi Sunak is expected to extend the furlough scheme again\n[https://www.theguardian.com/business/2020/nov/05/chancellor-expected-to-extend-furlough-beyond-december]\n, to carry it on into the new year. It’s another U-turn from the government, who\nhad intended to replace furlough with the less generous job support scheme\n(JSS). But that plan hinged on continued economic recovery - and didn’t bargain\nfor another lockdown.\n\nJob losses\n5 big companies in hard-hit sectors of retail and air travel have all said they\nneed to let workers go\n[https://www.theguardian.com/society/2020/nov/04/four-uk-companies-announce-job-losses-totalling-4200]\n. 7,200 people are set to lose jobs from John Lewis, Sainsbury’s, Clarks,\nLloyd’s banking group and a caterer to BA. \n\nExtend cosy scheme\nCampaigners are calling for an extension to the green homes grant\n[https://www.bbc.co.uk/news/uk-politics-54795208], which offers vouchers to help\nhomeowners install new insulation and heating systems. The voucher scheme is\nmeant to end in March, but it’s massively oversubscribed. The Climate Coalition,\nwhich represents 70 organisations, wants it to continue to 2030 so that all\nhomes can benefit.","html":"The 1-minute read to get the money news you need.
The Bank of England has said it’ll pump an extra £150 billion of stimulus into the UK economy to get us through lockdown 2.0. The extra cash will come via quantitative easing (QE) which is where the Bank prints new money and uses it to buy government bonds. That pushes interest rates down making it cheaper for people and businesses to borrow.
Chancellor Rishi Sunak is expected to extend the furlough scheme again, to carry it on into the new year. It’s another U-turn from the government, who had intended to replace furlough with the less generous job support scheme (JSS). But that plan hinged on continued economic recovery - and didn’t bargain for another lockdown.
5 big companies in hard-hit sectors of retail and air travel have all said they need to let workers go. 7,200 people are set to lose jobs from John Lewis, Sainsbury’s, Clarks, Lloyd’s banking group and a caterer to BA.
Campaigners are calling for an extension to the green homes grant, which offers vouchers to help homeowners install new insulation and heating systems. The voucher scheme is meant to end in March, but it’s massively oversubscribed. The Climate Coalition, which represents 70 organisations, wants it to continue to 2030 so that all homes can benefit.
","url":"https://multiply.ghost.io/lockdown-support-is-coming/","uuid":"21040ca6-fc98-49ec-b6a2-85f5fe2a99a0","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5fa3cc4ad897cb0039520c96"}},{"node":{"id":"Ghost__Post__5fa28dadab9cf600398ffb8f","title":"Trump (falsely) claims victory","slug":"trump-falsely-claims-victory","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/11/Multiply-minute-2.png","excerpt":"The outcome of the US presidential election is currently too close to call, with millions of votes still to be counted.","custom_excerpt":"The outcome of the US presidential election is currently too close to call, with millions of votes still to be counted.","created_at_pretty":"04 November, 2020","published_at_pretty":"04 November, 2020","updated_at_pretty":"04 November, 2020","created_at":"2020-11-04T11:17:01.000+00:00","published_at":"2020-11-04T11:17:54.000+00:00","updated_at":"2020-11-04T11:17:54.000+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\nUS election goes to wire\nThe outcome of the US presidential election is currently too close to call\n[https://www.bbc.co.uk/news/election-us-2020-54791113], with millions of votes\nstill to be counted. About an hour ago, Donald Trump falsely claimed to have won\nthe race. However, there are large numbers of postal votes that need to be\nprocessed, so it could be days before we know the actual result.\n\nTakeaway pints allowed\nPubs will be able to sell “click and collect” beers\n[https://www.bbc.co.uk/news/business-54803070] over lockdown, in a relaxation of\nthe planned restrictions. Punters will have to pre-order their drinks online or\nby phone, and won’t be allowed to come in. Pubs have welcomed the news but are\nstill campaigning to be allowed to sell alcohol off-licence, like they did last\ntime.\n\nWho else will be open?\nEssential shops and services will still be trading as usual\n[https://inews.co.uk/news/business/open-lockdown-what-can-stay-shops-businesses-closing-new-covid-rules-restrictions-745571]\n, including supermarkets, food shops, and garden centres. Hotels will still be\nopen, but only for essential work trips. Everything else will shut tomorrow for\nat least a month.","html":"The 1-minute read to get the money news you need.
The outcome of the US presidential election is currently too close to call, with millions of votes still to be counted. About an hour ago, Donald Trump falsely claimed to have won the race. However, there are large numbers of postal votes that need to be processed, so it could be days before we know the actual result.
Pubs will be able to sell “click and collect” beers over lockdown, in a relaxation of the planned restrictions. Punters will have to pre-order their drinks online or by phone, and won’t be allowed to come in. Pubs have welcomed the news but are still campaigning to be allowed to sell alcohol off-licence, like they did last time.
Essential shops and services will still be trading as usual, including supermarkets, food shops, and garden centres. Hotels will still be open, but only for essential work trips. Everything else will shut tomorrow for at least a month.
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