![](\"https://multiply.ghost.io/content/images/2020/09/image-33.png\")
The 1-minute read to get the money news you need.
Up to 9,000 workers could lose their jobs at Shell over the next 2 years. The oil giant is getting ready to shift gears to low-carbon energy, with plans to sell mainly biofuels and hydrogen by 2050. It says it has to cut 10% of its workforce to save money and restructure itself in prep for this big transition.
The auto industry could lose out in a post-Brexit trade deal with the EU. Car makers might have to pay higher tariffs on their exports to the EU, if the parts they use aren’t considered British. Negotiators are in the final stretch of talks, with the mid-October deadline looming.
The fallout from coronavirus will force many people to switch to a new career, according to Boris Johnson. He’s promising free training and courses to help people find work, with the most help available for people who don’t have A-levels. Student loans will also be made more flexible to help adults of all ages to go to uni.
Sir David Attenborough is leading a call for the world to invest $500 billion per year to protect the environment. A virtual UN summit kicks off today, with countries across the world pledging to save ecosystems from collapse. Sir David, backed by 130 organisations, wants to redirect money away from fossil fuels and into locally-led conservation efforts.
","url":"https://multiply.ghost.io/oil-industry-changes-gear/","uuid":"795bfdb2-ac2f-4860-9160-28f032e8e848","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f743c62aa626100399a73dd"}},{"node":{"id":"Ghost__Post__5f72e74cf9d6f000393776b7","title":"Students demand fees back","slug":"students-demand-fees-back","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-20.png","excerpt":"Thousands of first-year students locked down in their halls of residence are demanding a refund of their tuition fees. ","custom_excerpt":"Thousands of first-year students locked down in their halls of residence are demanding a refund of their tuition fees. ","created_at_pretty":"29 September, 2020","published_at_pretty":"29 September, 2020","updated_at_pretty":"29 September, 2020","created_at":"2020-09-29T07:50:36.000+00:00","published_at":"2020-09-29T08:02:55.000+00:00","updated_at":"2020-09-29T08:02:55.000+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\ncommentary.p\n\nRefunds for students?\nThousands of first-year students locked down in their halls of residence are \ndemanding a refund\n[https://inews.co.uk/news/education/students-tuition-fees-refund-university-watchdog-complaints-lockdown-666332] \nof their tuition fees. The regulator, the Office for Students (OfS) said unis\nmust consider paying refunds - but it could be a while. There’s still a backlog\nof student complaints dating back to March when the first lockdown started.\n\nBoom won’t last\nHouse prices will rise 2% this year, but stagnate next year\n[https://uk.reuters.com/article/UKNews1/idUKKBN26K09A]. That’s according to a\npoll of property experts, who expect to see the current house price boom fizzle\nout after the stamp duty holiday ends. They’re also concerned that a rise in\nunemployment will mean people struggle to buy.\n\nLocal sausage rolls\nGreggs has said it will end the year with more stores than it started with,\ndespite recently shuttering some for good. The baker plans to bring sausage\nrolls to the suburbs\n[https://www.cityam.com/greggs-aims-to-open-new-sites-despite-coronavirus-taking-a-bite-out-of-sales-as-staffing-cuts-loom/]\n, with tasty new sites located away from city centres. But the pandemic has\ntaken a large bite out of sales, so it’s also warned that some jobs might be at\nrisk.","html":"The 1-minute read to get the money news you need with expert adviser commentary.p
Thousands of first-year students locked down in their halls of residence are demanding a refund of their tuition fees. The regulator, the Office for Students (OfS) said unis must consider paying refunds - but it could be a while. There’s still a backlog of student complaints dating back to March when the first lockdown started.
House prices will rise 2% this year, but stagnate next year. That’s according to a poll of property experts, who expect to see the current house price boom fizzle out after the stamp duty holiday ends. They’re also concerned that a rise in unemployment will mean people struggle to buy.
![](\"https://multiply.ghost.io/content/images/2020/09/image-34.png\")
Greggs has said it will end the year with more stores than it started with, despite recently shuttering some for good. The baker plans to bring sausage rolls to the suburbs, with tasty new sites located away from city centres. But the pandemic has taken a large bite out of sales, so it’s also warned that some jobs might be at risk.
","url":"https://multiply.ghost.io/students-demand-fees-back/","uuid":"e69c4522-059c-4b79-9f37-6951c82b3655","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f72e74cf9d6f000393776b7"}},{"node":{"id":"Ghost__Post__5f719af8580f26003925099a","title":"Trump’s taxes tell all","slug":"trumps-taxes","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-19.png","excerpt":"Donald Trump’s tax returns are out in the open at long last - and they’re not pretty. ","custom_excerpt":"Donald Trump’s tax returns are out in the open at long last - and they’re not pretty. ","created_at_pretty":"28 September, 2020","published_at_pretty":"28 September, 2020","updated_at_pretty":"28 September, 2020","created_at":"2020-09-28T08:12:40.000+00:00","published_at":"2020-09-28T08:20:42.000+00:00","updated_at":"2020-09-28T08:27:45.000+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\nTrump’s a loser\nDonald Trump’s tax returns are out in the open at long last - and they’re not\npretty. The businessman and property mogul paid just $750 in income tax\n[https://www.bbc.co.uk/news/technology-54319948] in 2016, the year he was\nelected president. The New York Times investigation also shows he paid no income\ntax at all in 10 out of the 15 preceding years. Why? Because he reported that\nhis businesses made billions of dollars in losses. \n\nFirst-time buyers squeezed\nHome movers are likely to overtake first-time buyers\n[https://www.bbc.co.uk/news/business-54299628] in 2020 and 2021 as the biggest\ngroup of property buyers, according to Zoopla. First-time buyers are becoming\nless likely to buy a home as mortgage options dwindle. At the same time, more\nhomeowners are seeking to upsize to get more space to work from home.\n\nAl fresco autumn\nLondoners can wrap up warm and keep dining outside\n[https://www.cityam.com/london-al-fresco-dining-to-continue-until-end-of-october/] \nuntil the end of October, thanks to an extension of a scheme to support al\nfresco hospitality. Outdoor eating and drinking have been important to help\nbusinesses to stay afloat while social distancing.\n\n£10,000 fines begin\nFrom today it’s now illegal to break quarantine, and there are hefty fines\n[https://www.bbc.co.uk/news/uk-54320482] to enforce it. The law applies to\npeople who test positive for coronavirus, or who have been told by NHS Test and\nTrace to self-isolate. Fines start from £1,000, and rise to £10,000 for repeat\noffenders or serious breaches.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Donald Trump’s tax returns are out in the open at long last - and they’re not pretty. The businessman and property mogul paid just $750 in income tax in 2016, the year he was elected president. The New York Times investigation also shows he paid no income tax at all in 10 out of the 15 preceding years. Why? Because he reported that his businesses made billions of dollars in losses.
Home movers are likely to overtake first-time buyers in 2020 and 2021 as the biggest group of property buyers, according to Zoopla. First-time buyers are becoming less likely to buy a home as mortgage options dwindle. At the same time, more homeowners are seeking to upsize to get more space to work from home.
![](\"https://multiply.ghost.io/content/images/2020/09/image-32.png\")
Londoners can wrap up warm and keep dining outside until the end of October, thanks to an extension of a scheme to support al fresco hospitality. Outdoor eating and drinking have been important to help businesses to stay afloat while social distancing.
From today it’s now illegal to break quarantine, and there are hefty fines to enforce it. The law applies to people who test positive for coronavirus, or who have been told by NHS Test and Trace to self-isolate. Fines start from £1,000, and rise to £10,000 for repeat offenders or serious breaches.
","url":"https://multiply.ghost.io/trumps-taxes/","uuid":"9ccf0060-d652-4d6d-b3c7-e2a4758f2045","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f719af8580f26003925099a"}},{"node":{"id":"Ghost__Post__5f6da6d4cef7850039927b8f","title":"“Viable” jobs protected","slug":"viable-jobs-protected","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-18.png","excerpt":"Yesterday, chancellor Rishi Sunak laid out his 6-month post-furlough plan to protect jobs. ","custom_excerpt":"Yesterday, chancellor Rishi Sunak laid out his 6-month post-furlough plan to protect jobs. ","created_at_pretty":"25 September, 2020","published_at_pretty":"25 September, 2020","updated_at_pretty":"25 September, 2020","created_at":"2020-09-25T08:14:12.000+00:00","published_at":"2020-09-25T08:22:03.000+00:00","updated_at":"2020-09-25T08:22:03.000+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 with expert adviser commentary.\n\nLife after furlough\nYesterday, chancellor Rishi Sunak laid out his 6-month post-furlough plan to\nprotect jobs. He’s going to top up wages\n[https://www.bbc.co.uk/news/uk-politics-54277943] for workers whose hours have\nbeen cut. The government will pay up to 22% of wages for anyone working at least\na third of their normal hours. The employer pays the rest. The scheme is\nintended to protect “viable” jobs that will last beyond the pandemic, and means\nsomeone working part time will receive 77% of their usual pay.\n\nSelf-employed grants\nThere’s also support available for self-employed workers. Anyone who was\neligible for the grants earlier this year can get two further grants\n[https://www.bbc.co.uk/news/business-52052123] - one in November for 20% of\ntrading profits for 3 months, and another in February.\n\n“Can’t save every job”\nThe chancellor has admitted the extra measures won’t protect everyone.\nBusinesses which are currently closed, such as nightclubs, won’t be eligible for\nthe support.\n\nExpats cut off\nTens of thousands of Brits living in the EU might lose access to banking\nservices\n[https://inews.co.uk/news/brexit/uk-expats-face-losing-banking-facilities-brexit-transition-explained-659932] \nafter 31st December. EU rules may force UK banks to cancel the accounts and\ncredit cards of any customer without a permanent UK address.\n\nStart Christmas shopping now\nOnline retailers are warning shoppers not to leave it until the last minute this\nyear. They’re bracing themselves for huge demand, as online sales continue to\ngrow. Mike Hancox, boss of delivery firm Yodel, admits \"it's been like Christmas\nfor the last six months\".","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Yesterday, chancellor Rishi Sunak laid out his 6-month post-furlough plan to protect jobs. He’s going to top up wages for workers whose hours have been cut. The government will pay up to 22% of wages for anyone working at least a third of their normal hours. The employer pays the rest. The scheme is intended to protect “viable” jobs that will last beyond the pandemic, and means someone working part time will receive 77% of their usual pay.
There’s also support available for self-employed workers. Anyone who was eligible for the grants earlier this year can get two further grants - one in November for 20% of trading profits for 3 months, and another in February.
![](\"https://multiply.ghost.io/content/images/2020/09/image-30.png\")
The chancellor has admitted the extra measures won’t protect everyone. Businesses which are currently closed, such as nightclubs, won’t be eligible for the support.
Tens of thousands of Brits living in the EU might lose access to banking services after 31st December. EU rules may force UK banks to cancel the accounts and credit cards of any customer without a permanent UK address.
Online retailers are warning shoppers not to leave it until the last minute this year. They’re bracing themselves for huge demand, as online sales continue to grow. Mike Hancox, boss of delivery firm Yodel, admits \"it's been like Christmas for the last six months\".
![](\"https://multiply.ghost.io/content/images/2020/09/image-31.png\")
The 1-minute read to get the money news you need.
Chancellor Rishi Sunak has a new plan to keep people in their jobs, and he’ll announce it later today. He’s come under increasing pressure, particularly from the hospitality industry, to provide support for companies affected by the new coronavirus restrictions. Whatever the new measures are, they’ll replace the furlough scheme after it closes next month.
It’s finally here: the long-awaited contact tracing app has hit app stores. It alerts you if you’ve been close to someone who tests positive for coronavirus, or if you’ve visited somewhere that’s an outbreak hotspot.
The outgoing CEO of Tesco, Dave Lewis, has called for companies and governments to tackle food waste and says our current focus on global supply chains is a “once-in-a-generation opportunity”. The UK has already cut food waste by 27% since 2007, saving about £4.7bn a year. But a third of food is still thrown away worldwide, the production of which accounts for 8% of all greenhouse gas emissions.
","url":"https://multiply.ghost.io/sunak-saving-jobs/","uuid":"84e86e6f-05e2-4086-8e65-9dc0711769eb","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f6c59d1e968c50039f75f48"}},{"node":{"id":"Ghost__Post__5f6b0f5d59a446003990a608","title":"Extra charges for first-time buyers","slug":"extra-charges-for-first-time-buyers","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-16.png","excerpt":"In the last few days, several big mortgage lenders have upped the rates on their 90% and 85% mortgages.","custom_excerpt":"In the last few days, several big mortgage lenders have upped the rates on their 90% and 85% mortgages.","created_at_pretty":"23 September, 2020","published_at_pretty":"23 September, 2020","updated_at_pretty":"23 September, 2020","created_at":"2020-09-23T09:03:25.000+00:00","published_at":"2020-09-23T09:17:03.000+00:00","updated_at":"2020-09-23T09:17:03.000+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 with expert adviser commentary.\n\nHigher mortgage rates\nIn the last few days, several big mortgage lenders have upped the interest rates\n[https://www.telegraph.co.uk/personal-banking/mortgages/first-time-buyers-face-1100-extra-charges-banks-increase-rates/]\n* on their 10% and 15% deposit mortgages. Santander, Halifax, and Virgin Money\nhave all increased their rates, and some experts have warned that others may\nfollow suit.\n\nFurlough rethink?\nBank of England governor Andrew Bailey has added his voice to those asking Rishi\nSunak to rethink future furlough support\n[https://www.bbc.co.uk/news/business-54250662]. The subsidised wage payments are\ndue to stop at the end of October. Bailey suggested during a webinar that some\ncertain sectors could continue to benefit from targeted help - especially if new\nrestrictions ramp up, taking their toll on businesses like pubs and restaurants.\n\nLorries, get ready\nMichael Gove has sent a letter to logistics groups, reminding them to get ready\nfor Brexit. He warned they could be stuck in traffic jams of up to 7,000 lorries\n[https://news.sky.com/story/brexit-michael-gove-letter-warns-of-queues-of-7-000-trucks-after-transition-period-ends-12079101]\n, if they fail to prepare for new custom rules at the end of the transition\nperiod.\n\nVirtual nannies\nFrazzled parents working from home are turning to virtual childcare\n[https://inews.co.uk/inews-lifestyle/work/virtual-nannies-childcare-parents-working-from-home-656246] \nto take a breather or avoid the baby making an appearance in a board meeting.\nThousands of families are employing nannies to spend time with the kids online\nvia tablets. They’re in demand - especially when schools shut due to local\nlockdowns, or when families are forced to self-isolate.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
In the last few days, several big mortgage lenders have upped the interest rates* on their 10% and 15% deposit mortgages. Santander, Halifax, and Virgin Money have all increased their rates, and some experts have warned that others may follow suit.
![](\"https://multiply.ghost.io/content/images/2020/09/image-29.png\")
Bank of England governor Andrew Bailey has added his voice to those asking Rishi Sunak to rethink future furlough support. The subsidised wage payments are due to stop at the end of October. Bailey suggested during a webinar that some certain sectors could continue to benefit from targeted help - especially if new restrictions ramp up, taking their toll on businesses like pubs and restaurants.
Michael Gove has sent a letter to logistics groups, reminding them to get ready for Brexit. He warned they could be stuck in traffic jams of up to 7,000 lorries, if they fail to prepare for new custom rules at the end of the transition period.
Frazzled parents working from home are turning to virtual childcare to take a breather or avoid the baby making an appearance in a board meeting. Thousands of families are employing nannies to spend time with the kids online via tablets. They’re in demand - especially when schools shut due to local lockdowns, or when families are forced to self-isolate.
","url":"https://multiply.ghost.io/extra-charges-for-first-time-buyers/","uuid":"a40bae72-bf94-4f76-8ade-fd532b6c3018","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f6b0f5d59a446003990a608"}},{"node":{"id":"Ghost__Post__5f69b5e1cba6560039b337c7","title":"Pubs to shut early","slug":"pubs-to-shut-early","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-15.png","excerpt":"Early nights all round from Thursday, when pubs, bars, and restaurants UK-wide will have a new chucking-out time","custom_excerpt":"Early nights all round from Thursday, when pubs, bars, and restaurants UK-wide will have a new chucking-out time","created_at_pretty":"22 September, 2020","published_at_pretty":"22 September, 2020","updated_at_pretty":"22 September, 2020","created_at":"2020-09-22T08:29:21.000+00:00","published_at":"2020-09-22T08:35:55.000+00:00","updated_at":"2020-09-22T08:35:55.000+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\nCurfew o’clock\nIt’ll be early nights all round from Thursday, when pubs, bars, and restaurants\nUK-wide will have a new chucking-out time. They’ll have to close at 10pm\n[https://www.bbc.co.uk/news/uk-54242634] as part of new restrictions to stop the\nspread of coronavirus, and offer table service only. Boris Johnson will make a\nspeech tonight to urge everyone to follow the new rules. He’s also expected to\nask us to start working from home again.\n\nBig homes smash records\nAsking prices of larger properties have hit record highs in August\n[https://www.telegraph.co.uk/property/house-prices/asking-prices-larger-homes-hit-record-high-buyers-compete-space/]\n*. Sellers are now looking for an average of £291,618 for a 3 or 4-bedroom\nhouse, according to Rightmove. This doesn’t tell us the agreed price that these\nhomes actually go on to sell for, but higher asking prices are a signal that\nhomeowners are feeling confident about selling.\n\nSavers squeezed\nNational Savings & Investments (NS&I) is cutting the interest rates\n[https://www.thetimes.co.uk/edition/news/ns-amp-i-rates-big-squeeze-hits-25m-savers-and-premium-bond-holders-r56jb0bfq] \non two of its savings accounts to 0.01%, and reducing the winning odds for\nPremium Bonds. 25 million people who have savings with the government-backed\nsavings scheme will see their returns plummet. NS&I says it has no choice, after\nsavers put away billions extra over lockdown.\n\nCarbon-zero holidays\nThis year may not have been the best for jet-setting, but there’s new hope for\nthe future in the shape of climate-friendly flights. Airbus has revealed plans\nfor the first ever zero-emissions plane\n[https://www.cityam.com/airbus-unveils-first-ever-zero-emissions-commercial-aircraft-designs/] \nand said it could be in the air by 2035. The jet is fuelled by hydrogen and\ncould carry 200 passengers up to 2,000 miles.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
It’ll be early nights all round from Thursday, when pubs, bars, and restaurants UK-wide will have a new chucking-out time. They’ll have to close at 10pm as part of new restrictions to stop the spread of coronavirus, and offer table service only. Boris Johnson will make a speech tonight to urge everyone to follow the new rules. He’s also expected to ask us to start working from home again.
Asking prices of larger properties have hit record highs in August*. Sellers are now looking for an average of £291,618 for a 3 or 4-bedroom house, according to Rightmove. This doesn’t tell us the agreed price that these homes actually go on to sell for, but higher asking prices are a signal that homeowners are feeling confident about selling.
![](\"https://multiply.ghost.io/content/images/2020/09/image-27.png\")
National Savings & Investments (NS&I) is cutting the interest rates on two of its savings accounts to 0.01%, and reducing the winning odds for Premium Bonds. 25 million people who have savings with the government-backed savings scheme will see their returns plummet. NS&I says it has no choice, after savers put away billions extra over lockdown.
![](\"https://multiply.ghost.io/content/images/2020/09/image-26.png\")
This year may not have been the best for jet-setting, but there’s new hope for the future in the shape of climate-friendly flights. Airbus has revealed plans for the first ever zero-emissions plane and said it could be in the air by 2035. The jet is fuelled by hydrogen and could carry 200 passengers up to 2,000 miles.
","url":"https://multiply.ghost.io/pubs-to-shut-early/","uuid":"85294072-e969-4bdc-9dc6-a661093b04d0","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f69b5e1cba6560039b337c7"}},{"node":{"id":"Ghost__Post__5f686759b919b7003936babe","title":"HSBC allowed money laundering?","slug":"hsbc-allowed-money-laundering","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-14.png","excerpt":"Leaked files show that HSBC allowed scammers to move money around, even after it knew they’d committed fraud.","custom_excerpt":"Leaked files show that HSBC allowed scammers to move money around, even after it knew they’d committed fraud.","created_at_pretty":"21 September, 2020","published_at_pretty":"21 September, 2020","updated_at_pretty":"21 September, 2020","created_at":"2020-09-21T08:42:01.000+00:00","published_at":"2020-09-21T08:45:43.000+00:00","updated_at":"2020-09-21T08:45:43.000+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\nBank didn’t stop fraudsters\nLeaked files show that HSBC allowed scammers to move money around\n[https://www.bbc.co.uk/news/uk-54225572], even after it knew they’d committed\nfraud. Details of the £62 million Ponzi scheme was revealed in the FinCEN files\n- a leaked batch of “suspicious activity reports”. Thousands of people from all\nover the world fell victim to the scam - and by the time charges were filed, the\nmoney had disappeared.\n\nEviction ban ends\nFrom today, landlords will once again be allowed to serve eviction notices\n[https://news.sky.com/story/thousands-of-private-renters-at-risk-as-evictions-ban-comes-to-an-end-12077652] \non tenants who are struggling to keep up with rent payments. Renters had been\nprotected from being evicted since coronavirus restrictions started in March.\nHowever, the law has changed meaning landlords must now give 6 months notice if\nthey want their tenants to move out.\n\nAdviser Comment: \"If you might struggle to pay your rent, talk to your landlord\nas soon as possible. Most landlords totally understand the impact of the\npandemic and are likely to work with you, but they don’t like it when payments\njust stop.\"\n\nCheaper rent in London\nLondoners are finding homes at bargain prices\n[https://www.theguardian.com/money/2020/sep/20/private-rents-plunge-covid-19-decimates-lettings-market-workplace-space-gardens] \nas rents are slashed by up to 20%, according to estate agents and Rightmove.\nWith fewer international students arriving, and people leaving the city for\nsuburbia, landlords are lowering rents to attract tenants.\n\nVAT-free shopping\nRetail bosses have warned against a government plan to end VAT-free shopping\nfor\noverseas visitors [https://www.bbc.co.uk/news/business-54228889]. Tourists from\nnon-EU countries spend around £3.5 billion a year on tax-free goods in the UK.\nEnding the tax relief would mean we’re the only European country not to offer\nthe perk - and many are worried we’d lose out as a result.\n\nFirms return furlough cash\nUK firms have sent back £215 million in furlough cash\n[https://www.bbc.co.uk/news/business-54228890]. But it’s a drop in the ocean\ncompared to the £3.5 billion HMRC thinks was paid out in error, or claimed\nfraudulently. Companies have been encouraged to return cash they can afford to\nlive without.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Leaked files show that HSBC allowed scammers to move money around, even after it knew they’d committed fraud. Details of the £62 million Ponzi scheme was revealed in the FinCEN files - a leaked batch of “suspicious activity reports”. Thousands of people from all over the world fell victim to the scam - and by the time charges were filed, the money had disappeared.
From today, landlords will once again be allowed to serve eviction notices on tenants who are struggling to keep up with rent payments. Renters had been protected from being evicted since coronavirus restrictions started in March. However, the law has changed meaning landlords must now give 6 months notice if they want their tenants to move out.
Adviser Comment: \"If you might struggle to pay your rent, talk to your landlord as soon as possible. Most landlords totally understand the impact of the pandemic and are likely to work with you, but they don’t like it when payments just stop.\"
Londoners are finding homes at bargain prices as rents are slashed by up to 20%, according to estate agents and Rightmove. With fewer international students arriving, and people leaving the city for suburbia, landlords are lowering rents to attract tenants.
Retail bosses have warned against a government plan to end VAT-free shopping for overseas visitors. Tourists from non-EU countries spend around £3.5 billion a year on tax-free goods in the UK. Ending the tax relief would mean we’re the only European country not to offer the perk - and many are worried we’d lose out as a result.
UK firms have sent back £215 million in furlough cash. But it’s a drop in the ocean compared to the £3.5 billion HMRC thinks was paid out in error, or claimed fraudulently. Companies have been encouraged to return cash they can afford to live without.
","url":"https://multiply.ghost.io/hsbc-allowed-money-laundering/","uuid":"1f47b6b2-9111-4669-99bc-3613a1480c2f","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f686759b919b7003936babe"}},{"node":{"id":"Ghost__Post__5f6472d9e781fe003972dfc8","title":"Bank does nothing (for now)","slug":"bank-does-nothing-for-now","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-13.png","excerpt":"The Bank of England (BoE) has kept the base interest rate at 0.1% and decided against any more quantitative easing. ","custom_excerpt":"The Bank of England (BoE) has kept the base interest rate at 0.1% and decided against any more quantitative easing. ","created_at_pretty":"18 September, 2020","published_at_pretty":"18 September, 2020","updated_at_pretty":"18 September, 2020","created_at":"2020-09-18T08:42:01.000+00:00","published_at":"2020-09-18T08:47:53.000+00:00","updated_at":"2020-09-18T08:47:53.000+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\nRates hold steady\nThe Bank of England (BoE) has kept the base interest rate at 0.1% and decided\nagainst doing any more quantitative easing. It’s doing nothing\n[https://www.cityam.com/bank-of-england-keeps-policy-on-hold-and-flags-strong-recovery/] \n(for now) because the UK’s economic recovery is going well. However, it might\nconsider taking action, such as introducing a negative interest rate\n[https://www.ftadviser.com/your-industry/2020/09/17/boe-to-explore-negative-interest-rates/]\n, if the situation goes downhill. What could take us there? Potentially, a\ndouble whammy of a second wave of coronavirus plus a no-deal Brexit.\n\nTwo thirds back at work\nThe trains are getting busier again: 63% of people commuted to work\n[https://www.bbc.co.uk/news/business-54194958] last week, according to the\nOffice for National Statistics. 10% of the workforce is still furloughed, and\nthe rest are working remotely. The government has been trying to encourage\nworkers back to city centres, fearing for businesses that sell stuff to office\nworkers.\n\nHomebuying bidding wars\nNorthern England and Scotland are seeing hot competition for homes, with\ninterested buyers bidding against each other\n[https://www.telegraph.co.uk/property/uk/competitive-property-markets-bidding-wars-pushing-prices/]\n*. In cities like Sheffield and Glasgow, more than half of properties have had\noffers from 3 or more buyers.\n\nRetail’s sailing\nShops are doing a roaring trade in DIY supplies and household goods, with\noverall retail sales now 4% higher than pre-pandemic levels\n[https://www.bbc.co.uk/news/uk-54201617]. Sales rose 0.8% between July and\nAugust - their fourth consecutive month of growth. It’s still online sales that\nare taking the lion’s share though, with high streets feeling the pinch.\n\nWiki wins\nSmall towns and cities can boost their tourism takings by £100,000 a year, just\nby updating their Wikipedia page\n[https://www.theguardian.com/technology/2020/sep/18/wikipedia-edits-have-massive-impact-on-tourism-say-economists]\n. Researchers found that cities could boost the number of nights people stay by\n9%, just by adding just two paragraphs of text and a photo.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
The Bank of England (BoE) has kept the base interest rate at 0.1% and decided against doing any more quantitative easing. It’s doing nothing (for now) because the UK’s economic recovery is going well. However, it might consider taking action, such as introducing a negative interest rate, if the situation goes downhill. What could take us there? Potentially, a double whammy of a second wave of coronavirus plus a no-deal Brexit.
![](\"https://multiply.ghost.io/content/images/2020/09/image-25.png\")
The trains are getting busier again: 63% of people commuted to work last week, according to the Office for National Statistics. 10% of the workforce is still furloughed, and the rest are working remotely. The government has been trying to encourage workers back to city centres, fearing for businesses that sell stuff to office workers.
Northern England and Scotland are seeing hot competition for homes, with interested buyers bidding against each other*. In cities like Sheffield and Glasgow, more than half of properties have had offers from 3 or more buyers.
Shops are doing a roaring trade in DIY supplies and household goods, with overall retail sales now 4% higher than pre-pandemic levels. Sales rose 0.8% between July and August - their fourth consecutive month of growth. It’s still online sales that are taking the lion’s share though, with high streets feeling the pinch.
Small towns and cities can boost their tourism takings by £100,000 a year, just by updating their Wikipedia page. Researchers found that cities could boost the number of nights people stay by 9%, just by adding just two paragraphs of text and a photo.
","url":"https://multiply.ghost.io/bank-does-nothing-for-now/","uuid":"6bbd2ad3-ec44-4f47-a172-514cab374663","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f6472d9e781fe003972dfc8"}},{"node":{"id":"Ghost__Post__5f6314c85254ca0039f04d3a","title":"What will the Bank do?","slug":"what-will-the-bank-do","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-12.png","excerpt":"Later today, the Bank of England will announce its plans for interest rates and stimulus measures.","custom_excerpt":"Later today, the Bank of England will announce its plans for interest rates and stimulus measures.","created_at_pretty":"17 September, 2020","published_at_pretty":"17 September, 2020","updated_at_pretty":"17 September, 2020","created_at":"2020-09-17T07:48:24.000+00:00","published_at":"2020-09-17T07:51:25.000+00:00","updated_at":"2020-09-17T07:51:25.000+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 with expert adviser commentary.\n\nMore stimulus?\nLater today, the Bank of England will announce its plans\n[https://uk.reuters.com/article/idUKKBN2673NO] for interest rates and stimulus\nmeasures, such as quantitative easing. It’s already cut interest rates to a\nrecord low 0.1% and set aside £771 billion pounds to buy up government bonds, as\na way to soften the blow from the coronavirus recession.\n\nRent holiday extended\nStruggling businesses won’t have to pay rent until 2021\n[https://www.bbc.co.uk/news/business-54181756], with commercial evictions also\nbanned for the rest of the year. It’s a relief for restaurants, but landlords\nhave turned a little sour. The British Property Federation says it’s\ndisappointed in the government’s decision, and that it’s bad news for the\npensions and savings funds that own property on the high street.\n\nKlarna under review\n“Buy now, pay later” companies like Klarna are facing a crackdown\n[https://www.thetimes.co.uk/edition/business/klarna-in-spotlight-as-fca-launches-crackdown-on-unsecured-credit-0dslvllqn]\n* by the Financial Conduct Authority (FCA) as part of a review into unsecured\ncredit. Klarna did very well over lockdown; its valuation has doubled this year\nto a whopping £8 billion. Campaigners are worried about vulnerable people going\ninto debt and young people living beyond their means.\n\nOxford Street is changing\nJohn Lewis is preparing to drastically reduce its flagship store, with plans to \nturn 3 floors into offices for rent\n[https://www.theguardian.com/business/2020/sep/16/john-lewis-convert-oxford-street-store-into-offices]\n. The staff-owned department store has struggled in recent months, with fewer\nvisitors to its shops. Its iconic Oxford Street abode used to account for 10% of\nthe company’s overall revenues - but now it’s fighting to survive.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Later today, the Bank of England will announce its plans for interest rates and stimulus measures, such as quantitative easing. It’s already cut interest rates to a record low 0.1% and set aside £771 billion pounds to buy up government bonds, as a way to soften the blow from the coronavirus recession.
Struggling businesses won’t have to pay rent until 2021, with commercial evictions also banned for the rest of the year. It’s a relief for restaurants, but landlords have turned a little sour. The British Property Federation says it’s disappointed in the government’s decision, and that it’s bad news for the pensions and savings funds that own property on the high street.
“Buy now, pay later” companies like Klarna are facing a crackdown* by the Financial Conduct Authority (FCA) as part of a review into unsecured credit. Klarna did very well over lockdown; its valuation has doubled this year to a whopping £8 billion. Campaigners are worried about vulnerable people going into debt and young people living beyond their means.
![](\"https://multiply.ghost.io/content/images/2020/09/image-23.png\")
John Lewis is preparing to drastically reduce its flagship store, with plans to turn 3 floors into offices for rent. The staff-owned department store has struggled in recent months, with fewer visitors to its shops. Its iconic Oxford Street abode used to account for 10% of the company’s overall revenues - but now it’s fighting to survive.
","url":"https://multiply.ghost.io/what-will-the-bank-do/","uuid":"366c7a49-3960-4cec-9909-e1961cb1fc55","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f6314c85254ca0039f04d3a"}},{"node":{"id":"Ghost__Post__5f61d25042d00500395a3a3a","title":"Discount meals squash inflation","slug":"discount-meals-squash-inflation","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-11.png","excerpt":"Inflation fell to 0.2% in August - the lowest it’s been since 2015.","custom_excerpt":"Inflation fell to 0.2% in August - the lowest it’s been since 2015.","created_at_pretty":"16 September, 2020","published_at_pretty":"16 September, 2020","updated_at_pretty":"16 September, 2020","created_at":"2020-09-16T08:52:32.000+00:00","published_at":"2020-09-16T09:06:50.000+00:00","updated_at":"2020-09-16T09:06:50.000+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 with expert adviser commentary.\n\nInflation shrinks\nInflation fell to 0.2% in August [https://www.bbc.co.uk/news/uk-54173658] - the\nlowest it’s been since 2015. Cut-price meals, discounted plane tickets, and\nbargains in clothes shops all meant that prices barely grew overall. In normal\ntimes the Bank of England aims to keep inflation at around 2%. Low inflation is\ngood news for shoppers and borrowers, but not great for savers.\n\nRent freeze?\nSadiq Khan wants to freeze rents in London\n[https://www.theguardian.com/society/2020/sep/16/freeze-rents-in-london-to-avert-mass-evictions-urges-sadiq-khan]\n, preventing any increases for 2 years. The mayor has warned half a million\nLondoners are at risk of eviction. Courts will restart eviction proceedings on\nMonday, when coronavirus protections for tenants come to an end.\n\nHey BBB\nThe British Business Bank (BBB) has had its big moment in 2020, providing many\nof the government-backed business loans during the lockdown. The UK’s economic\ndevelopment bank says its lending increased by 21%\n[https://www.cityam.com/british-business-bank-increases-funding-over-a-fifth-to-8bn/] \nin the last year, supporting over 98,000 businesses.\n\nInsurers got it wrong\nInsurers shouldn’t have rejected\n[https://uk.reuters.com/article/UKNews1/idUKKBN2661J4]compensation claims from\nbusinesses affected by coronavirus. That’s the decision on a case brought by the\nFCA against some of the world’s biggest insurance companies. It affects 370,000\nbusinesses and involves billions in claims.\n\nWaspi women lose\nIn another court battle that ended with a bang yesterday, women affected by the\nstate pension age increase won’t get compensation\n[https://www.telegraph.co.uk/money/consumer-affairs/heartbreak-defeat-waspi-women-courts-rule-state-pension-compensation/]\n* for lost pension income. The age was increased for women from 60 to 65, to\nbring it in line with men. Many felt they weren’t given enough time to prepare\nfor the changes - but judges ruled that there wasn’t any discrimination.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Inflation fell to 0.2% in August - the lowest it’s been since 2015. Cut-price meals, discounted plane tickets, and bargains in clothes shops all meant that prices barely grew overall. In normal times the Bank of England aims to keep inflation at around 2%. Low inflation is good news for shoppers and borrowers, but not great for savers.
![](\"https://multiply.ghost.io/content/images/2020/09/image-22.png\")
Sadiq Khan wants to freeze rents in London, preventing any increases for 2 years. The mayor has warned half a million Londoners are at risk of eviction. Courts will restart eviction proceedings on Monday, when coronavirus protections for tenants come to an end.
The British Business Bank (BBB) has had its big moment in 2020, providing many of the government-backed business loans during the lockdown. The UK’s economic development bank says its lending increased by 21% in the last year, supporting over 98,000 businesses.
Insurers shouldn’t have rejected compensation claims from businesses affected by coronavirus. That’s the decision on a case brought by the FCA against some of the world’s biggest insurance companies. It affects 370,000 businesses and involves billions in claims.
In another court battle that ended with a bang yesterday, women affected by the state pension age increase won’t get compensation* for lost pension income. The age was increased for women from 60 to 65, to bring it in line with men. Many felt they weren’t given enough time to prepare for the changes - but judges ruled that there wasn’t any discrimination.
","url":"https://multiply.ghost.io/discount-meals-squash-inflation/","uuid":"98b9c003-a0c3-4e97-a4d9-53bbe2a45faa","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5f61d25042d00500395a3a3a"}},{"node":{"id":"Ghost__Post__5f60776a4fa6a5003994ef81","title":"Unemployment on the up","slug":"unemployment-on-the-up","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2020/09/Multiply-minute-10.png","excerpt":"The overall unemployment rate in the UK rose from 3.9% to 4.1% between April and July.","custom_excerpt":"The overall unemployment rate in the UK rose from 3.9% to 4.1% between April and July.","created_at_pretty":"15 September, 2020","published_at_pretty":"15 September, 2020","updated_at_pretty":"15 September, 2020","created_at":"2020-09-15T08:12:26.000+00:00","published_at":"2020-09-15T08:16:58.000+00:00","updated_at":"2020-09-15T08:35:30.000+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\nPeople out of work\nThe overall unemployment rate in the UK rose from 3.9% to 4.1%\n[https://www.bbc.co.uk/news/business-54146833] between April and July, according\nto the Office for National Statistics. Young people have taken the brunt - the\nnumber of people aged 16-24 without a job rose 156,000 over the same period.\n\nRenters head to the ‘burbs\nRenters seem to be swapping inner-city transport hubs for more spacious homes\nin\nleafy suburbs\n[https://www.theguardian.com/money/2020/sep/15/renters-fleeing-inner-london-in-race-for-space-data-suggests]\n. Rightmove says once-popular hubs like Earls Court and New Cross are less\nsearched for, while lettings outside the city are booming. Chessington has seen\na 99% increase, while South Norwood is 83% more popular.\n\n\nOracle chooses TikTok\nAfter almost being bought by Microsoft, TikTok has chosen Oracle\n[https://www.bbc.co.uk/news/technology-54148684], another US tech firm, as its\n“trusted technology partner”. What does that mean? Not sure yet. But it should\nsidestep Trump’s threat to ban the video-sharing app from the States over data\nprivacy concerns.\n\nDomino’s is hiring\nDomino’s is creating 6,000 new jobs\n[https://www.cityam.com/dominos-to-create-6000-new-jobs/] ahead of its busy\nChristmas season, including 1,000 placements for under 25s as part of the\ngovernment’s Kickstart scheme. The pizza delivery giant is on a growth spurt,\nhaving already hired an extra 6,000 people since March.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
The overall unemployment rate in the UK rose from 3.9% to 4.1% between April and July, according to the Office for National Statistics. Young people have taken the brunt - the number of people aged 16-24 without a job rose 156,000 over the same period.
Renters seem to be swapping inner-city transport hubs for more spacious homes in leafy suburbs. Rightmove says once-popular hubs like Earls Court and New Cross are less searched for, while lettings outside the city are booming. Chessington has seen a 99% increase, while South Norwood is 83% more popular.
![](\"https://multiply.ghost.io/content/images/2020/09/image-21.png\")
After almost being bought by Microsoft, TikTok has chosen Oracle, another US tech firm, as its “trusted technology partner”. What does that mean? Not sure yet. But it should sidestep Trump’s threat to ban the video-sharing app from the States over data privacy concerns.
Domino’s is creating 6,000 new jobs ahead of its busy Christmas season, including 1,000 placements for under 25s as part of the government’s Kickstart scheme. The pizza delivery giant is on a growth spurt, having already hired an extra 6,000 people since March.
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