Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
If so, this is your decade. 120,000 new green energy jobs need to be created by 2030 in order for the UK to meet our climate targets, according to a report by the National Grid. It also warns that one fifth of current energy sector employees are due to retire in the next ten years.
Sainsbury’s has pledged to spend £1 billion on reducing its carbon footprint. The supermarket has said it aims to bring its greenhouse gas emissions down to net zero by 2040. Will it be good for business? Quite possibly. The company has reduced its carbon emissions by 35% since 2005, while growing the business by 46%.
More than one in 10 Brits have given up alcohol for the month, and it seems we want something better to drink than a dismal lime and soda. The industry is rising to the challenge: the \"No-to-low\" category, which includes beers, wines and spirits, is now worth £188 million (paywall) and growing 23% year-on-year, according to Nielsen. Cheers!
Oh, that's not your name? It’s an easy mistake to make, according to insurer Aviva, which caused temporary low-level panic among several thousand of its customers who received an email mistakenly addressed to “Michael”. The company has reassured the public that it was a simple error in the email template, and no personal data has been compromised.
","url":"https://multiply.ghost.io/energy-sector-recruitment-drive/","uuid":"fd71d9fb-cac7-4dd7-965b-b5b86438068c","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e305c3ee8e9790038621386"}},{"node":{"id":"Ghost__Post__5e2eef3ce8e9790038621372","title":"Pension transfers mis-sold?","slug":"pension-transfers-mis-sold","featured":false,"feature_image":"https://images.unsplash.com/photo-1535209039648-9524289505fd?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"160,000 people who cashed in their final salary pension since 2015 may have been given bad advice. ","custom_excerpt":"160,000 people who cashed in their final salary pension since 2015 may have been given bad advice. ","created_at_pretty":"27 January, 2020","published_at_pretty":"27 January, 2020","updated_at_pretty":"27 January, 2020","created_at":"2020-01-27T14:10:04.000+00:00","published_at":"2020-01-27T14:12:24.000+00:00","updated_at":"2020-01-27T14:12:24.000+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":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nBad pension advice\n160,000 people who cashed in their final salary pension since 2015 may have\nbeen\ngiven bad advice\n[https://www.cityam.com/fca-facing-calls-to-probe-concerning-pension-transfer-advice/]\n. The Financial Conduct Authority (FCA) is planning to write to 1,841 advice\nfirms about the “potential harm” done. Thousands of people have transferred a\ndefined benefit pension since ex-chancellor George Osborne’s 2015 pension\nreforms. The FCA is worried these transfers might have been mis-sold, leading to\npeople running out of money in retirement.\n\nSpeedy sellers risk losses\nIf you’re in a rush to sell your home, you might be prepared to accept a lower\noffer, but Trading Standards has warned that sellers using a quick-sale estate\nagent could lose a lot of money\n[https://www.bbc.co.uk/news/business-your-money-51234455]. There are even\nreports of agents knocking thousands off the asking price without the owners’\nknowledge or permission, which is against the law.\n\nRecord debt repayment orders\nIn 2019 a record number of people were ordered by the court to repay outstanding\ndebts. There were 1.15 million county court judgements (CCJs)\n[https://www.theguardian.com/money/2020/jan/27/debt-repayment-orders-hit-record-115m-in-2019] \nlast year against people who had failed to repay their debts: more than twice as\nmany as in 2012. The average value of the debts chased through CCJs was £1,506.\n\nChina works from home\nIn a bid to slow the spread of the deadly coronavirus, workers at Chinese\ncompanies have been told to work from home\n[https://www.bbc.co.uk/news/business-51260149]. The Monday morning measure comes\nafter the Lunar New Year holiday was extended by a day. Global stock markets are\nalso taking a hit from investor concern over the outbreak.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
160,000 people who cashed in their final salary pension since 2015 may have been given bad advice. The Financial Conduct Authority (FCA) is planning to write to 1,841 advice firms about the “potential harm” done. Thousands of people have transferred a defined benefit pension since ex-chancellor George Osborne’s 2015 pension reforms. The FCA is worried these transfers might have been mis-sold, leading to people running out of money in retirement.
If you’re in a rush to sell your home, you might be prepared to accept a lower offer, but Trading Standards has warned that sellers using a quick-sale estate agent could lose a lot of money. There are even reports of agents knocking thousands off the asking price without the owners’ knowledge or permission, which is against the law.
In 2019 a record number of people were ordered by the court to repay outstanding debts. There were 1.15 million county court judgements (CCJs) last year against people who had failed to repay their debts: more than twice as many as in 2012. The average value of the debts chased through CCJs was £1,506.
In a bid to slow the spread of the deadly coronavirus, workers at Chinese companies have been told to work from home. The Monday morning measure comes after the Lunar New Year holiday was extended by a day. Global stock markets are also taking a hit from investor concern over the outbreak.
","url":"https://multiply.ghost.io/pension-transfers-mis-sold/","uuid":"23dbc371-fb33-4366-8646-18fd24ca7f84","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e2eef3ce8e9790038621372"}},{"node":{"id":"Ghost__Post__5e2addac8cab8c00449bbe78","title":"Business on the rebound","slug":"business-on-the-rebound","featured":false,"feature_image":"https://images.unsplash.com/photo-1567789884554-0b844b597180?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"The UK economy had a blast in January: the Purchasing Managers’ Index (PMI) hit 52.4 (anything over 50 represents growth).","custom_excerpt":"The UK economy had a blast in January: the Purchasing Managers’ Index (PMI) hit 52.4 (anything over 50 represents growth).","created_at_pretty":"24 January, 2020","published_at_pretty":"24 January, 2020","updated_at_pretty":"24 January, 2020","created_at":"2020-01-24T12:06:04.000+00:00","published_at":"2020-01-24T12:08:55.000+00:00","updated_at":"2020-01-24T12:08:55.000+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":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nStrong start to 2020\nThe UK economy had a blast in January: the Purchasing Managers’ Index (PMI) hit\n52.4\n[https://www.cityam.com/uk-pmi-economy-climbs-to-16-month-high-as-bank-of-england-mulls-rate-cut/] \n(anything over 50 represents growth). Output grew at the fastest rate for 16\nmonths. It’s a promising sign that takes the pressure off the Bank of England,\nwhich is currently weighing up whether it needs to cut interest rates to nudge\nthe economy along.\n\nMore millennial homeowners\nMore people aged 25-34 own their homes than rent them, for the first time in\nseven years. The UK now has 1.37 million owners in this age group\n[https://www.ft.com/content/69ae2814-3dfa-11ea-b232-000f4477fbca?accessToken=zwAAAW_XSz1wkc9prigUPfoR6tOyMgAPRHf7yg.MEUCIHWY0wcfXMnI8BaVo6ib9fexelov-n8oprxSKOzqvysYAiEA9RZrlWvQJfmybURv-gEYOaQtQzBHemd-a1ddlEo-CxM&sharetype=gift?token=3867e74e-bab1-4aa5-8fe1-9bebd6a7342a] \n(paywall) and 1.36 million tenants. We’re waiting with baited breath to see what\nthis means for avocado sales.\n\nOur last week in the EU\nAfter official approval from the UK parliament, the Brexit withdrawal agreement\nwas signed\n[https://www.theguardian.com/politics/2020/jan/24/sombre-eu-leaders-sign-brexit-withdrawal-agreement] \nby EU leaders Ursula von der Leyen and Charles Michel. This formality marks the\nstart of the seven-day countdown to our departure from the European Union.\n\nHS2 risks were misjudged\nThe government spending watchdog has said the Department for Transport (DfT) and\nHS2 Ltd \"have not adequately managed risks to taxpayer money\"\n[https://www.bbc.co.uk/news/business-51223101]. The National Audit Office (NAO)\nis soon to publish its independent review, based on which the government will\ndecide whether or not to press ahead with the divisive high-speed rail project.\n\nMini nuclear reactors\nThey’re a 16th of the size of current nuclear power stations, can be transported\nin chunks on the back of a lorry, and could be up and running by 2029.\nRolls-Royce has unveiled its new mini nuclear reactors\n[https://www.bbc.co.uk/news/business-51233444], which it says could help\ngenerate more cheap, low-carbon electricity.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
The UK economy had a blast in January: the Purchasing Managers’ Index (PMI) hit 52.4 (anything over 50 represents growth). Output grew at the fastest rate for 16 months. It’s a promising sign that takes the pressure off the Bank of England, which is currently weighing up whether it needs to cut interest rates to nudge the economy along.
More people aged 25-34 own their homes than rent them, for the first time in seven years. The UK now has 1.37 million owners in this age group (paywall) and 1.36 million tenants. We’re waiting with baited breath to see what this means for avocado sales.
After official approval from the UK parliament, the Brexit withdrawal agreement was signed by EU leaders Ursula von der Leyen and Charles Michel. This formality marks the start of the seven-day countdown to our departure from the European Union.
The government spending watchdog has said the Department for Transport (DfT) and HS2 Ltd \"have not adequately managed risks to taxpayer money\". The National Audit Office (NAO) is soon to publish its independent review, based on which the government will decide whether or not to press ahead with the divisive high-speed rail project.
They’re a 16th of the size of current nuclear power stations, can be transported in chunks on the back of a lorry, and could be up and running by 2029. Rolls-Royce has unveiled its new mini nuclear reactors, which it says could help generate more cheap, low-carbon electricity.
","url":"https://multiply.ghost.io/business-on-the-rebound/","uuid":"4a0ad755-ce65-4e7b-91f1-4ddde6f91021","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e2addac8cab8c00449bbe78"}},{"node":{"id":"Ghost__Post__5e298b4f8cab8c00449bbe5f","title":"Car industry in chaos","slug":"car-industry-in-chaos","featured":false,"feature_image":"https://images.unsplash.com/photo-1562178240-396a314759b2?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Following a warning yesterday about its tech tax plans, the chancellor Sajid Javid has said the UK will press ahead with the controversial levy on online giants from April.","custom_excerpt":"Following a warning yesterday about its tech tax plans, the chancellor Sajid Javid has said the UK will press ahead with the controversial levy on online giants from April.","created_at_pretty":"23 January, 2020","published_at_pretty":"23 January, 2020","updated_at_pretty":"23 January, 2020","created_at":"2020-01-23T12:02:23.000+00:00","published_at":"2020-01-23T12:05:04.000+00:00","updated_at":"2020-01-23T12:05:04.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute, a\nlightning-quick round up of the money and news and how it affects you.\n\nSajid defiant at Davos\nFollowing a warning yesterday about its tech tax plans, the chancellor Sajid\nJavid has said the UK will press ahead\n[https://www.bbc.co.uk/news/business-51206425] with the controversial levy on\nonline giants from April. In response, the US has threatened to slap steep new\ntariffs on UK car exports. The tech tax would hit the likes of Facebook and\nAmazon and has caused a fracas this week as leaders meet at the World Economic\nForum in Davos.\n\nTesla tearaway\nTesla is now the second most valuable car maker in the world, as its valuation\nshoots past the $100 billion mark\n[https://www.cityam.com/tesla-becomes-worlds-second-most-valuable-car-maker-at-100bn/] \nfor the first time. The electric car maker has seen its share price double in\nthe last three months following the opening of its new gigafactory in China. Its\nnext overtake target? Toyota, which is currently worth a tidy $200 billion.\n\nOverdraft rates to hit 49.9%\nFrom April, millions of Lloyds, Halifax and Bank of Scotland customers will be \ncharged interest rates of up to 49.9%\n[https://www.theguardian.com/business/2020/jan/22/lloyds-halifax-bank-of-scotland-charge-overdraft-rate-of-up-to-49-per-cent] \nfor using their overdraft. Last year, the Financial Conduct Authority (FCA)\ndemanded an end to excessive fees on unarranged overdrafts, and banks appear to\nbe responding by making headline rates pricier in an attempt to recoup their\nanticipated losses. \n\nLost it for the ‘Gram\nAn estate agent who handled sales of the homes of the super-wealthy has \nresigned\nafter posting photos\n[https://www.telegraph.co.uk/business/2020/01/22/knight-frank-agent-super-rich-resigns-instagramming-clients/] \n(paywall) of his client’s home online without permission. The agent, who called\nhimself “Mr Super Prime”, specialised in selling homes worth over £10 million.","html":"Get straight to the good stuff every day with the Multiply Minute, a lightning-quick round up of the money and news and how it affects you.
Following a warning yesterday about its tech tax plans, the chancellor Sajid Javid has said the UK will press ahead with the controversial levy on online giants from April. In response, the US has threatened to slap steep new tariffs on UK car exports. The tech tax would hit the likes of Facebook and Amazon and has caused a fracas this week as leaders meet at the World Economic Forum in Davos.
Tesla is now the second most valuable car maker in the world, as its valuation shoots past the $100 billion mark for the first time. The electric car maker has seen its share price double in the last three months following the opening of its new gigafactory in China. Its next overtake target? Toyota, which is currently worth a tidy $200 billion.
From April, millions of Lloyds, Halifax and Bank of Scotland customers will be charged interest rates of up to 49.9% for using their overdraft. Last year, the Financial Conduct Authority (FCA) demanded an end to excessive fees on unarranged overdrafts, and banks appear to be responding by making headline rates pricier in an attempt to recoup their anticipated losses.
An estate agent who handled sales of the homes of the super-wealthy has resigned after posting photos (paywall) of his client’s home online without permission. The agent, who called himself “Mr Super Prime”, specialised in selling homes worth over £10 million.
","url":"https://multiply.ghost.io/car-industry-in-chaos/","uuid":"cc9485cb-1160-44eb-acb2-49b9bea66b1d","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e298b4f8cab8c00449bbe5f"}},{"node":{"id":"Ghost__Post__5e26da858cab8c00449bbdde","title":"More money lessons for kids","slug":"more-money-lessons-for-kids","featured":false,"feature_image":"https://images.unsplash.com/photo-1509062522246-3755977927d7?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"A government agency has pledged to improve millions of people’s lives by 2030 by boosting financial know-how, after finding that 11.5 million people in the UK have less than £100 in savings and nine million regularly use credit cards and payday loans for essential spending.","custom_excerpt":"A government agency has pledged to improve millions of people’s lives by 2030 by boosting financial know-how, after finding that 11.5 million people in the UK have less than £100 in savings and nine million regularly use credit cards and payday loans for essential spending.","created_at_pretty":"21 January, 2020","published_at_pretty":"21 January, 2020","updated_at_pretty":"21 January, 2020","created_at":"2020-01-21T11:03:33.000+00:00","published_at":"2020-01-21T11:05:36.000+00:00","updated_at":"2020-01-21T11:05:36.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nFinancial nouse for all\nA government agency has pledged to improve millions of people’s lives by 2030\n[https://www.theguardian.com/money/2020/jan/21/ministers-launch-financial-wellbeing-scheme-to-help-savers] \nby boosting financial know-how, after finding that 11.5 million people in the UK\nhave less than £100 in savings and nine million regularly use credit cards and\npayday loans for essential spending. The Money and Pensions Service (MaPS) has\npromised money lessons in schools for an extra two million children, and debt\nadvice for an extra 300,000 adults.\n\nFreelance tax reforms “damaging”?\nTop recruiters have warned\n[https://www.ft.com/content/d1e2ce88-3b81-11ea-a01a-bae547046735] (paywall) that\nchanges coming in April will damage growth and increase tax avoidance. Known as\nIR35, it’s meant to stop companies avoiding payroll responsibilities. But\nrecruiters say projects will be cancelled and work moved offshore because\ncompanies are unwilling to take on the extra risk.\n\n1,000 new financial offices\nBy October last year, 1,440 EU companies had applied\n[https://www.cityam.com/over-1000-eu-financial-firms-planning-to-open-uk-offices-after-brexit/] \nto open a base in the UK after Brexit. For 1,000 of these, it will be their\nfirst in this country. They'll lose the automatic right to operate here from\nDecember, but with these permissions they can do business while they apply to\nthe Financial Conduct Authority (FCA).\n\nWanna work at Facebook?\nGood timing, as they are set to create 1,000 new jobs\n[https://news.sky.com/story/facebook-seeks-1-000-new-uk-staff-as-london-base-takes-shape-11913638] \nin the UK this year. The move is being seen as a positive reaction towards the\nUK economy ahead of Brexit. Over half of the new staff will be\ntechnology-focused and it'll bring its total UK workforce to 4,000.\n\nBeales bust\nOne of Britain's oldest department store chains is set to go into administration\n[https://news.sky.com/story/department-store-chain-beales-goes-into-administration-11913306]\n, with more than 1,000 full-time jobs at risk. Beales, founded in 1881, listed\nthe \"disappointing\" period of Christmas trading and high high-street rents as\nthe reasons for its closure.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
A government agency has pledged to improve millions of people’s lives by 2030 by boosting financial know-how, after finding that 11.5 million people in the UK have less than £100 in savings and nine million regularly use credit cards and payday loans for essential spending. The Money and Pensions Service (MaPS) has promised money lessons in schools for an extra two million children, and debt advice for an extra 300,000 adults.
Top recruiters have warned (paywall) that changes coming in April will damage growth and increase tax avoidance. Known as IR35, it’s meant to stop companies avoiding payroll responsibilities. But recruiters say projects will be cancelled and work moved offshore because companies are unwilling to take on the extra risk.
By October last year, 1,440 EU companies had applied to open a base in the UK after Brexit. For 1,000 of these, it will be their first in this country. They'll lose the automatic right to operate here from December, but with these permissions they can do business while they apply to the Financial Conduct Authority (FCA).
Good timing, as they are set to create 1,000 new jobs in the UK this year. The move is being seen as a positive reaction towards the UK economy ahead of Brexit. Over half of the new staff will be technology-focused and it'll bring its total UK workforce to 4,000.
One of Britain's oldest department store chains is set to go into administration, with more than 1,000 full-time jobs at risk. Beales, founded in 1881, listed the \"disappointing\" period of Christmas trading and high high-street rents as the reasons for its closure.
","url":"https://multiply.ghost.io/more-money-lessons-for-kids/","uuid":"06e07911-c852-4c13-b142-36d980ba3285","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e26da858cab8c00449bbdde"}},{"node":{"id":"Ghost__Post__5e258fc88cab8c00449bbdb4","title":"January jump for house prices","slug":"january-jump-for-house-prices","featured":false,"feature_image":"https://images.unsplash.com/photo-1543168256-4ae2229821f1?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"January started with a bang for the housing market as prices rose at the fastest rate on record for this time of the year, according to Rightmove.","custom_excerpt":"January started with a bang for the housing market as prices rose at the fastest rate on record for this time of the year, according to Rightmove.","created_at_pretty":"20 January, 2020","published_at_pretty":"20 January, 2020","updated_at_pretty":"20 January, 2020","created_at":"2020-01-20T11:32:24.000+00:00","published_at":"2020-01-20T11:46:58.000+00:00","updated_at":"2020-01-20T11:56:33.000+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":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","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":"Monday 20th January\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nHouse prices on the up \nJanuary started with a bang for the housing market as prices rose at the\nfastest\nrate on record\n[https://www.theguardian.com/business/2020/jan/20/uk-house-prices-rise-at-fastest-rate-on-record] \nfor this time of the year, according to Rightmove. The average price of\nproperties leapt by 2.3%, the biggest increase in this period since its website\nstarted recording the figure back in 2002. The boost comes as sellers and buyers\nfeel more confident about the stability of the market following the general\nelection.\n\nTrain case pulling into court \nStagecoach will take its case against the government to the High Court\n[https://www.bbc.co.uk/news/business-51170664] later, over a row about rail\nfranchises. The UK rail operator claims the bidding process for three franchises\nlast year was mismanaged. It was prevented from throwing its hat into the ring\nbecause it didn’t meet pensions rules.\n\nScam ads not stopped \nThe Financial Conduct Authority (FCA) has banned unregulated mini-bonds from\nadvertising to savers, but scam websites are finding loopholes\n[https://www.thetimes.co.uk/edition/news/finance-watchdog-admits-it-cant-stop-google-scams-h3s8lfbdh] \n(paywall). Search ads are appearing that claim (falsely) to offer mini-bonds\nprotected by the Financial Services Compensation Scheme. FCA boss Andrew Bailey\nhas called for online harms legislation to cover such scams, while Google has\nsaid the FCA guidelines on mini-bonds aren’t clear enough.\n\nTax breaks for sibling housemates? \nElderly siblings who live together often have to resort to selling off the\nfamily home to cover hefty inheritance tax bills\n[https://www.telegraph.co.uk/tax/inheritance/will-chancellor-sajid-javid-really-abolish-inheritance-tax/] \nwhen their brother or sister dies. But now a new bill is going to the House of\nLords\n[https://www.telegraph.co.uk/tax/inheritance/new-law-save-families-forced-homes-unaffordable-inheritance/] \n(paywall) this week which could see siblings enjoy similar tax breaks that are\ncurrently enjoyed by married couples and civil partners.\n\nHow the UK ranks for data breaches\nThird worst. Behind France who took the top spot with the most offences and\nGermany who snatched second-worst. A recent report found that 160,000 data\nbreaches were reported across European nations\n[https://uk.finance.yahoo.com/news/eu-companies-fined-more-110m-000100787.html] \nthat adhere to the General Data Protection Regulation (GDPR) rules. The UK made\nup 22,000 of these cases and paid €320,000 of the €114 million total paid so\nfar in fines. However, this could change when fines for British Airways and\nMariott are finalised.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
January started with a bang for the housing market as prices rose at the fastest rate on record for this time of the year, according to Rightmove. The average price of properties leapt by 2.3%, the biggest increase in this period since its website started recording the figure back in 2002. The boost comes as sellers and buyers feel more confident about the stability of the market following the general election.
Stagecoach will take its case against the government to the High Court later, over a row about rail franchises. The UK rail operator claims the bidding process for three franchises last year was mismanaged. It was prevented from throwing its hat into the ring because it didn’t meet pensions rules.
The Financial Conduct Authority (FCA) has banned unregulated mini-bonds from advertising to savers, but scam websites are finding loopholes (paywall). Search ads are appearing that claim (falsely) to offer mini-bonds protected by the Financial Services Compensation Scheme. FCA boss Andrew Bailey has called for online harms legislation to cover such scams, while Google has said the FCA guidelines on mini-bonds aren’t clear enough.
Elderly siblings who live together often have to resort to selling off the family home to cover hefty inheritance tax bills when their brother or sister dies. But now a new bill is going to the House of Lords (paywall) this week which could see siblings enjoy similar tax breaks that are currently enjoyed by married couples and civil partners.
Third worst. Behind France who took the top spot with the most offences and Germany who snatched second-worst. A recent report found that 160,000 data breaches were reported across European nations that adhere to the General Data Protection Regulation (GDPR) rules. The UK made up 22,000 of these cases and paid €320,000 of the €114 million total paid so far in fines. However, this could change when fines for British Airways and Mariott are finalised.
","url":"https://multiply.ghost.io/january-jump-for-house-prices/","uuid":"c30057aa-e739-442e-9ba0-17f2e9a4fec4","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e258fc88cab8c00449bbdb4"}},{"node":{"id":"Ghost__Post__5e21a44b8cab8c00449bbd5e","title":"EU-r 2020 travel plans","slug":"eu-r-2020-travel-plans","featured":false,"feature_image":"https://images.unsplash.com/photo-1487349384428-12b47aca925e?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Suitcases and sandals at the ready; Brexit will not affect your summer holidays to the EU, according to travel association ABTA.","custom_excerpt":"Suitcases and sandals at the ready; Brexit will not affect your summer holidays to the EU, according to travel association ABTA.","created_at_pretty":"17 January, 2020","published_at_pretty":"17 January, 2020","updated_at_pretty":"17 January, 2020","created_at":"2020-01-17T12:10:51.000+00:00","published_at":"2020-01-17T12:13:08.000+00:00","updated_at":"2020-01-17T12:13:08.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Get straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\n♫We're all (still) going on a summer holiday♫\nSuitcases and sandals at the ready; Brexit will not affect your summer holidays\n[https://news.sky.com/story/brexit-will-not-affect-your-summer-holiday-to-the-eu-britons-told-11910405] \nto the EU, according to travel association ABTA. The 11-month transition period\nthat runs until December means that it'll be business (well, pleasure) as usual\nfor holidaymakers.\n\nBookies treating gambling addicts\nBetfred owners, Fred and Peter Done, own Health Assured\n[https://www.theguardian.com/society/2020/jan/16/betfred-owners-make-millions-from-company-treating-gambling-addicts]\n, a company that provides health and wellbeing programmes to public sector\nstaff. Shockingly, one of the health problems it treats is... gambling\naddiction, meaning the pair are making millions from a problem of their own\nmaking. Shadow Health Secretary John Ashworth labelled the arrangement an\n“unacceptable conflict of interest”.\n\nFuneral debt hitting families\nThe average cost of a funeral has risen by a quarter in the last five years to\nhit almost £9,500, and families are footing the bill\n[https://www.independent.co.uk/money/spend-save/funeral-cost-dying-cremation-debt-grief-bereavement-fund-benefit-cma-fca-a9282541.html]\n. Just 37% of people put aside enough money to cover their own send-off and the\ngovernment Funeral Expenses Payment benefit is just £700. No wonder then that\none in 10 people say paying for a loved-one’s funeral has caused money worries.\nOne piece of good news is that the government benefit will increase to £1,000\nfrom April 2020.\n\n£20k cat fight\nAn expensive legal wrangle over a cat has finally been settled out of court. The\nstandoff started after Ozzy the pedigree moggy started hanging out in his\nneighbour’s garden. The neighbour, who was accused of “grooming” the cat into\nmaking him feel at home with her, racked up over £20,000 in legal fees but has\nnow promised\n[https://www.thetimes.co.uk/edition/news/get-your-claws-off-our-cat-neighbours-in-20-000-battle-over-wandering-moggie-xplh8330r] \n(paywall) to keep her distance.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
Suitcases and sandals at the ready; Brexit will not affect your summer holidays to the EU, according to travel association ABTA. The 11-month transition period that runs until December means that it'll be business (well, pleasure) as usual for holidaymakers.
Betfred owners, Fred and Peter Done, own Health Assured, a company that provides health and wellbeing programmes to public sector staff. Shockingly, one of the health problems it treats is... gambling addiction, meaning the pair are making millions from a problem of their own making. Shadow Health Secretary John Ashworth labelled the arrangement an “unacceptable conflict of interest”.
The average cost of a funeral has risen by a quarter in the last five years to hit almost £9,500, and families are footing the bill. Just 37% of people put aside enough money to cover their own send-off and the government Funeral Expenses Payment benefit is just £700. No wonder then that one in 10 people say paying for a loved-one’s funeral has caused money worries. One piece of good news is that the government benefit will increase to £1,000 from April 2020.
An expensive legal wrangle over a cat has finally been settled out of court. The standoff started after Ozzy the pedigree moggy started hanging out in his neighbour’s garden. The neighbour, who was accused of “grooming” the cat into making him feel at home with her, racked up over £20,000 in legal fees but has now promised (paywall) to keep her distance.
","url":"https://multiply.ghost.io/eu-r-2020-travel-plans/","uuid":"81170994-ff65-40cb-90ce-0c47dea3e974","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e21a44b8cab8c00449bbd5e"}},{"node":{"id":"Ghost__Post__5e2045748cab8c00449bbd3e","title":"More bums on (cinema) seats","slug":"more-bums-on-cinema-seats","featured":false,"feature_image":"https://images.unsplash.com/photo-1517604931442-7e0c8ed2963c?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"UK film lovers are buying 27% more cinema tickets now than in 2010, and made a total of 176 million trips to the pictures in 2019.","custom_excerpt":"UK film lovers are buying 27% more cinema tickets now than in 2010, and made a total of 176 million trips to the pictures in 2019.","created_at_pretty":"16 January, 2020","published_at_pretty":"16 January, 2020","updated_at_pretty":"16 January, 2020","created_at":"2020-01-16T11:13:56.000+00:00","published_at":"2020-01-16T11:17:48.000+00:00","updated_at":"2020-01-16T18:14:34.000+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":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","twitter":null,"facebook":null,"website":null},"primary_tag":{"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"},"tags":[{"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"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"}],"plaintext":"Thursday 16th January\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nBig screen boom \nUK film lovers are buying 27% more cinema tickets now than in 2010, and made a\ntotal of 176 million trips to the pictures in 2019\n[https://www.cityam.com/uk-box-office-revenue-tops-1-25bn-as-cinemas-fend-off-streaming-giants/]\n. Despite competing with the allure of watching Netflix from the sofa, UK\ncinemas raked in £1.25 billion last year.\n\nEmpty shops cost councils\nLandlords get a three month holiday from business rates (the corporate version\nof council tax) when high street businesses close or move and leave premises\nempty. The lost tax revenue, which totals £1 billion\n[https://www.bbc.co.uk/news/uk-england-48854450], is hitting councils hard. On\nthe flip side, high business rates have also been blamed for shops’ struggle to\nstay open amid the decline of the high street. A government review of business\nrates is expected soon.\n\nFill me up \nAsda is teaming up with some of the UK's best-known food and drink brands for\nits first ever \"sustainability\" store\n[https://www.theguardian.com/business/2020/jan/16/asda-trials-refill-points-and-bottle-recycling-in-sustainability-store]\n. It's a test to see if offering customers the option of filling up their own\ncontainers with products like coffee and pasta can eradicate unnecessary plastic\nand packaging. Its pioneering green store is set to launch from May in\nMiddleton, Leeds.\n\nPaid to protect \nFarmers are set to be rewarded for protecting the environment, aiding access to\nthe countryside, and improving animal welfare. The pack of measures lined up by\nthe government's Agricultural Bill\n[https://news.sky.com/story/farmers-to-be-paid-to-protect-the-environment-and-improve-animal-welfare-11909574] \nwill replace the £3.4 billion a year of subsidies British farmers currently get\nfrom the EU. The government has promised the new legislation will match this\nlevel of funding for the duration of the current parliament. The changes will be\nrolled out over seven years from 2021 to help farmers adjust to the new system.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
UK film lovers are buying 27% more cinema tickets now than in 2010, and made a total of 176 million trips to the pictures in 2019. Despite competing with the allure of watching Netflix from the sofa, UK cinemas raked in £1.25 billion last year.
Landlords get a three month holiday from business rates (the corporate version of council tax) when high street businesses close or move and leave premises empty. The lost tax revenue, which totals £1 billion, is hitting councils hard. On the flip side, high business rates have also been blamed for shops’ struggle to stay open amid the decline of the high street. A government review of business rates is expected soon.
Asda is teaming up with some of the UK's best-known food and drink brands for its first ever \"sustainability\" store. It's a test to see if offering customers the option of filling up their own containers with products like coffee and pasta can eradicate unnecessary plastic and packaging. Its pioneering green store is set to launch from May in Middleton, Leeds.
Farmers are set to be rewarded for protecting the environment, aiding access to the countryside, and improving animal welfare. The pack of measures lined up by the government's Agricultural Bill will replace the £3.4 billion a year of subsidies British farmers currently get from the EU. The government has promised the new legislation will match this level of funding for the duration of the current parliament. The changes will be rolled out over seven years from 2021 to help farmers adjust to the new system.
Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
Will soon surpass the cost of all payments made to the European Union budget over the past 47 years, according to calculations by Bloomberg Economics. With the UK economy missing out on 3% of growth since the referendum, the Brexit bill has already reached £130 billion, with another £70 billion expected to be tacked on by the end of 2020. The UK’s total projected contribution to the EU budget from 1973 to 2020 was £215 billion after adjusting for inflation. The figures are significant because the payments to the EU were the cornerstone of the Leave campaign’s case for Brexit.
Investment into UK tech startups reached an all-time high in 2019, breaking £10 billion for the first time. The buoyant market for emerging companies saw investment growth outstrip every other country in the world, including the US and China. In happy news for financial technology companies (such as yours truly) this sector saw the highest investment, with £4 billion of funding - more than double the 2018 total.
We’ll only buy your shares if you’re making moves on sustainability. That’s the message in the annual “Dear CEO” letter published yesterday (paywall) by Blackrock, the world’s biggest money manager which oversees $7 trillion in assets. The letter makes it clear that its decisions about whether to buy or sell a company’s shares will focus largely on how good that company’s environmental, social and governance practices are.
The failing airline is back in business after agreeing to a deal with the government that will include a tax holiday and an infusion of tens of millions of pounds by its owners. The negotiations are yet to finalised but the deal will remove the immediate threat to 2,400 jobs at the carrier.
","url":"https://multiply.ghost.io/the-big-brexit-bill/","uuid":"2f49b71c-fe50-4f49-80c8-d614a306c62b","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e1efec58cab8c00449bbd1f"}},{"node":{"id":"Ghost__Post__5e1da39f4b71c40038dfaef6","title":"Gambling Commission shows its hand","slug":"gambling-commission-shows-its-hand","featured":false,"feature_image":"https://images.unsplash.com/photo-1563013544-824ae1b704d3?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Betting with borrowed money is set to be banned from the 14th April.","custom_excerpt":"Betting with borrowed money is set to be banned from the 14th April.","created_at_pretty":"14 January, 2020","published_at_pretty":"14 January, 2020","updated_at_pretty":"14 January, 2020","created_at":"2020-01-14T11:18:55.000+00:00","published_at":"2020-01-14T11:21:28.000+00:00","updated_at":"2020-01-14T11:21:28.000+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":"Tuesday 14th January\n\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nFlutters on credit cards\nBetting with borrowed money is set to be banned from the 14th April\n[https://news.sky.com/story/credit-card-deposits-for-online-betting-to-be-banned-from-april-11908234]\n. The strong play by the Gambling Commission is aimed at protecting vulnerable\ncustomers and has resulted in sharp falls in share prices for the industry’s\nbiggest players. The ban will affect all online and offline bets and is the\nlatest in a string of measures to stop people from getting into debt. Debit\ncards will still be allowed.\n\nTravelex hack update\nSodinokibi, the criminals behind the Travelex computer hack, have published\nstolen data from a previous attack\n[https://www.independent.co.uk/news/business/news/travelex-hack-customer-data-personal-information-a9282296.html]\n. This is the first time they've released ransacked files after a victim didn't\npay up when demanded. The news will no doubt make Travelex bosses feel\nuncomfortable as their own ransomware saga with the hackers reaches the two-week\nmark. The foreign exchange company has been tight-lipped on whether it has given\ninto any ransomware demands.\n\nHuawei furore\nUS officials have warned the UK that intelligence sharing between the two\ncountries could be at risk\n[https://www.theguardian.com/technology/2020/jan/13/using-huawei-in-uk-5g-networks-would-be-madness-us-says?CMP=Share_iOSApp_Other] \nif we use Huawei technology in our 5G networks. The US delegation has handed the\ngovernment a secret dossier that it claims contains fresh evidence that the\nChinese firm poses a security risk. But MI5 boss Andrew Parker is unruffled,\nsaying the government “will take a decision based on evidence – not\nunsubstantiated allegations.” Final decision about Huawei coming soon...\n\nNo Brexit bongs\nPlans for Big Ben to chime at 11pm on the 31st January to mark the end of the\nUK’s membership of the EU have been dropped\n[https://www.telegraph.co.uk/politics/2020/01/13/big-ben-will-not-bong-brexit-cost-spirals-half-million-pounds/] \n(paywall) with costs approaching half a million pounds. The bell is under\nrestoration and hasn’t struck the hour since 2017, except for significant\nnational events, such as Remembrance Sunday and New Year’s Eve.\n\nStormont deal “falls way short”\nThe British and Irish prime ministers were in Belfast yesterday to mark a return\nto power-sharing after a three-year impasse. However, the Irish finance minister\nConor Murphy said the proposed deal offers less funding than was promised\n[https://www.bbc.co.uk/news/uk-northern-ireland-51085579] and isn’t enough to\nresolve issues with Irish public services.","html":"Tuesday 14th January
Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
Betting with borrowed money is set to be banned from the 14th April. The strong play by the Gambling Commission is aimed at protecting vulnerable customers and has resulted in sharp falls in share prices for the industry’s biggest players. The ban will affect all online and offline bets and is the latest in a string of measures to stop people from getting into debt. Debit cards will still be allowed.
Sodinokibi, the criminals behind the Travelex computer hack, have published stolen data from a previous attack. This is the first time they've released ransacked files after a victim didn't pay up when demanded. The news will no doubt make Travelex bosses feel uncomfortable as their own ransomware saga with the hackers reaches the two-week mark. The foreign exchange company has been tight-lipped on whether it has given into any ransomware demands.
US officials have warned the UK that intelligence sharing between the two countries could be at risk if we use Huawei technology in our 5G networks. The US delegation has handed the government a secret dossier that it claims contains fresh evidence that the Chinese firm poses a security risk. But MI5 boss Andrew Parker is unruffled, saying the government “will take a decision based on evidence – not unsubstantiated allegations.” Final decision about Huawei coming soon...
Plans for Big Ben to chime at 11pm on the 31st January to mark the end of the UK’s membership of the EU have been dropped (paywall) with costs approaching half a million pounds. The bell is under restoration and hasn’t struck the hour since 2017, except for significant national events, such as Remembrance Sunday and New Year’s Eve.
The British and Irish prime ministers were in Belfast yesterday to mark a return to power-sharing after a three-year impasse. However, the Irish finance minister Conor Murphy said the proposed deal offers less funding than was promised and isn’t enough to resolve issues with Irish public services.
","url":"https://multiply.ghost.io/gambling-commission-shows-its-hand/","uuid":"7977fc80-085b-4f24-8824-ff62005130c8","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e1da39f4b71c40038dfaef6"}},{"node":{"id":"Ghost__Post__5e1c5aa54b71c40038dfaee6","title":"Flybe may be grounded","slug":"flybe-may-be-grounded","featured":false,"feature_image":"https://images.unsplash.com/photo-1507812984078-917a274065be?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"After being saved from administration a year ago, the airline is in trouble again with survival talks taking place on Sunday to save it amid mounting financial losses.","custom_excerpt":"After being saved from administration a year ago, the airline is in trouble again with survival talks taking place on Sunday to save it amid mounting financial losses.","created_at_pretty":"13 January, 2020","published_at_pretty":"13 January, 2020","updated_at_pretty":"13 January, 2020","created_at":"2020-01-13T11:55:17.000+00:00","published_at":"2020-01-13T12:03:01.000+00:00","updated_at":"2020-01-13T14:59:38.000+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":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Jason David","slug":"jason","bio":null,"profile_image":"https://multiply.ghost.io/content/images/2019/12/AT5_1445-1.jpg","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":"Monday 13th January 2020\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nTo Flybe or not to be\nAfter being saved from administration a year ago, the airline is in trouble\nagain\n[https://news.sky.com/story/regional-airline-flybe-in-frantic-bid-to-stave-off-collapse-11907407] \nwith survival talks taking place on Sunday to save it amid mounting financial\nlosses. Accountancy firm EY has been put on standby to handle any potential\nadministration and the government has been briefed on the potential cost of\n2,000 UK jobs if the airline goes under. Flybe currently handles over half of\nBritain's domestic flights outside of London.\n\n\nRoyal trademark worth £500k? \nAs the Queen meets with her grandson for “crisis talks” over the Duke and\nDuchess of Sussex’ plans to retreat from royal life, experts have estimated\ntheir brand could be worth half a million in the first year alone. Harry and\nMeghan filed the application last month\n[https://www.theguardian.com/uk-news/2020/jan/12/harry-and-meghan-seek-global-trademark-sussex-royal-brand] \nto trademark “Sussex Royal”-branded clothing, stationery, and emotional support\ngroups.\n\n\nLondon bucks the trend\nThe capital’s economy grew faster than the rest of the country\n[https://www.cityam.com/increasing-capital-london-economy-pulls-away-from-rest-of-uk-in-december/] \nat the tail end of 2019, when the private sector gained fresh confidence from\nthe Tory election win. The gap between London and the rest of the UK is likely\nto take centre stage this year. In his March Budget, Chancellor Sajid Javid is\nexpected to focus public investment on the northern and Midlands voters who\nbroke with tradition to hand the Conservatives a majority.\n\n\nGreen growth\nA think tank has suggested green projects should be used as a key weapon in the\ngovernment's battle against recession\n[https://www.theguardian.com/business/2020/jan/13/avoid-uk-recession-by-kickstarting-green-economy-says-thinktank]\n. The New Economics Foundation suggests pumping as much as £50 billion into the\ngreen economy to make Britain more resilient against any future recession. It\nsuggests the economy could be rebooted with energy projects such as electric\ncars and retrofitting homes with new insulation.","html":"Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
After being saved from administration a year ago, the airline is in trouble again with survival talks taking place on Sunday to save it amid mounting financial losses. Accountancy firm EY has been put on standby to handle any potential administration and the government has been briefed on the potential cost of 2,000 UK jobs if the airline goes under. Flybe currently handles over half of Britain's domestic flights outside of London.
As the Queen meets with her grandson for “crisis talks” over the Duke and Duchess of Sussex’ plans to retreat from royal life, experts have estimated their brand could be worth half a million in the first year alone. Harry and Meghan filed the application last month to trademark “Sussex Royal”-branded clothing, stationery, and emotional support groups.
The capital’s economy grew faster than the rest of the country at the tail end of 2019, when the private sector gained fresh confidence from the Tory election win. The gap between London and the rest of the UK is likely to take centre stage this year. In his March Budget, Chancellor Sajid Javid is expected to focus public investment on the northern and Midlands voters who broke with tradition to hand the Conservatives a majority.
A think tank has suggested green projects should be used as a key weapon in the government's battle against recession. The New Economics Foundation suggests pumping as much as £50 billion into the green economy to make Britain more resilient against any future recession. It suggests the economy could be rebooted with energy projects such as electric cars and retrofitting homes with new insulation.
","url":"https://multiply.ghost.io/flybe-may-be-grounded/","uuid":"40205834-fa4a-47c1-8961-143c595c1c8d","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5e1c5aa54b71c40038dfaee6"}},{"node":{"id":"Ghost__Post__5e18590a5abbca003800a7c4","title":"Marks and Sparks jeans squeeze","slug":"marks-and-sparks-jeans-squeeze","featured":false,"feature_image":"https://images.unsplash.com/photo-1555689502-c4b22d76c56f?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Marks and Spencer has blamed its low Christmas takings on its overestimates of demand for festive food items and...men’s skinny jeans.","custom_excerpt":"Marks and Spencer has blamed its low Christmas takings on its overestimates of demand for festive food items and...men’s skinny jeans.","created_at_pretty":"10 January, 2020","published_at_pretty":"10 January, 2020","updated_at_pretty":"10 January, 2020","created_at":"2020-01-10T10:59:22.000+00:00","published_at":"2020-01-10T11:00:56.000+00:00","updated_at":"2020-01-10T11:01:33.000+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":"Friday 10th January\n\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nSlim pickings for skinny fits\nMarks and Spencer has blamed its low Christmas takings on its overestimates of\ndemand for festive food items and...men’s skinny jeans. It seems guys aren’t\ngoing for the tight-fitting denim\n[https://inews.co.uk/news/business/marks-spencer-sales-squeezed-men-shun-skinny-jeans-1360798] \n(but sadly not because they’ve eaten too many M&S mince pies). The retailer has\nordered looser styles for spring in the hope that relaxed fits will loosen its\ncustomers’ purse (wallet) strings.\n\nStormont on the scene\nPower-sharing at the Northern Irish parliament could be back on the cards by the\nend of the day. A draft deal was published last night\n[https://www.bbc.co.uk/news/uk-northern-ireland-51047216], aimed at boosting\npublic services in Northern Ireland and restoring people’s confidence in the\ndevolved government. It’s been three years since the devolved assembly at\nStormont collapsed, and an agreement would end turmoil such as industrial action\nby healthcare staff.\n\nDixons Carphone fined\nThe owner of Currys PC World and Carphone has been penalised to the sum of\n£500,000\n[https://news.sky.com/story/dixons-carphone-fined-after-hackers-targeted-14-million-customers-11904695]\n. The expensive slap on the wrist was for falling foul of a hack that targeted\n14 million of its customer's accounts. An investigation by the Information\nCommissioner's Office (ICO) found that malware found its way onto 5,390 tills\nacross its business, revealing full names, postcodes, email addresses, and\nfailed credit card checks of its customers.\n\nAaand the top 2019 supermarket is...\nTesco. But it was a bittersweet victory as it rang up a paltry 0.1% growth\n[https://uk.reuters.com/article/uk-tesco-outlook/tesco-outstrips-retail-rivals-with-christmas-sales-rise-idUKKBN1Z80PX]\n. Britain's biggest supermarket group was able to get a glimmer of goodness from\na \"subdued\" Christmas to get its UK sales above that of its main rivals. One of\nits 2019 highlights was December 23rd, a day it sold more food than any day in\nits 100-year-history.","html":"Friday 10th January
Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.
Marks and Spencer has blamed its low Christmas takings on its overestimates of demand for festive food items and...men’s skinny jeans. It seems guys aren’t going for the tight-fitting denim (but sadly not because they’ve eaten too many M&S mince pies). The retailer has ordered looser styles for spring in the hope that relaxed fits will loosen its customers’ purse (wallet) strings.
Power-sharing at the Northern Irish parliament could be back on the cards by the end of the day. A draft deal was published last night, aimed at boosting public services in Northern Ireland and restoring people’s confidence in the devolved government. It’s been three years since the devolved assembly at Stormont collapsed, and an agreement would end turmoil such as industrial action by healthcare staff.
The owner of Currys PC World and Carphone has been penalised to the sum of £500,000. The expensive slap on the wrist was for falling foul of a hack that targeted 14 million of its customer's accounts. An investigation by the Information Commissioner's Office (ICO) found that malware found its way onto 5,390 tills across its business, revealing full names, postcodes, email addresses, and failed credit card checks of its customers.
Tesco. But it was a bittersweet victory as it rang up a paltry 0.1% growth. Britain's biggest supermarket group was able to get a glimmer of goodness from a \"subdued\" Christmas to get its UK sales above that of its main rivals. One of its 2019 highlights was December 23rd, a day it sold more food than any day in its 100-year-history.
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