![](\"https://multiply.ghost.io/content/images/2019/12/giphy--2-.gif\")
Homeowners are suing companies who they say have been overcharging them by trapping them on unfairly high interest rates. What’s going on? After the financial crash in 2008, thousands of people had their mortgages transferred when their banks were nationalised. Many of those affected have been paying more than 5% interest on their mortgages for the past 12 years, while other borrowers have been enjoying much lower rates.
Around 15,500 nurses in Northern Ireland have started strike action today. The cause? A dispute over pay and patient safety which mirrors the reason for industrial action by other healthcare workers over the last few weeks. About 9,000 of those nurses are from the Royal College of Nursing and this is the first time in their 103-year history they’ve walked out.
From today, you won’t see your overdraft included in your ‘available funds’. The new rules brought in by the Financial Conduct Authority (FCA) mean banks have to make it clearer that an overdraft is a form of credit.
‘Tis the season for a night out. Whether it is a quick mid-week drink, dinner, or something…much bigger, December calendars are usually full to the brim. A night out now costs consumers an average of £69.64, according to findings by night club and bar operator The Deltic Group. The night-time economy is the UK’s fifth biggest industry, with annual revenues of £66 billion.
Tuesday 17th December
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 you have money invested in a property fund, you might have to pay to withdraw it at short notice under new proposals from the Bank of England. Why? Property assets take more than a day to sell, and the Bank is concerned about people trying to rush to the front of the queue to get their money out. The proposals are designed to stop a run on funds like the one seen earlier this year when Neil Woodford got into trouble and prevented investors from accessing their money.
You may have heard about Prime Minister Boris Johnson’s plans to decriminalise non-payment of the £154.50-a-year TV licence. The move has been welcomed by charity the Centre for Criminal Appeals, which says women make up 72% of all prosecutions for non-payment of the licence (paywall). In fact, it’s the most common reason that women end up in the dock: in 2017 licence fee evasion accounted for 30% of all prosecutions against women.
The UK has dropped six places in the global rankings for gender equality - from 15th to 21st. Latvia, South Africa, and Albania are among the countries the World Economic Forum (WEF) have listed as surpassing the UK in closing the gender gap in politics, economics, health and education since the previous audit in 2018.
British Airways pilots have reached an agreement over their longstanding pay dispute with the airline. It involves an 11.5% pay rise over three years and will put the brakes on the kind of strike action that caused 2,325 fights to be cancelled when pilots walked out on the 9th and 10th September.
","url":"https://multiply.ghost.io/property-fund-penalties/","uuid":"3e7eaac5-7fed-41d0-b657-3ed220603294","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5df8b2191bb1380038e20ef5"}},{"node":{"id":"Ghost__Post__5df774981bb1380038e20ec3","title":"Property market set to bounce back","slug":"property-market-set-to-bounce-back","featured":false,"feature_image":"https://images.unsplash.com/photo-1448630360428-65456885c650?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Property prices will rise by 2% over the next two years according to Rightmove.","custom_excerpt":"Property prices will rise by 2% over the next two years according to Rightmove.","created_at_pretty":"16 December, 2019","published_at_pretty":"16 December, 2019","updated_at_pretty":"16 December, 2019","created_at":"2019-12-16T12:12:08.000+00:00","published_at":"2019-12-16T12:17:54.000+00:00","updated_at":"2019-12-16T12:20:58.000+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 16th December 2019\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\nHouses prices on the up\nProperty prices will rise by 2% over the next two years\n[https://www.theguardian.com/money/2019/dec/16/house-prices-predicted-to-rise-by-2-in-uk-with-the-north-leading-the-way] \naccording to Rightmove. Leading the charge? Northern regions, that are set to\nperform stronger than areas the south. The property site expects a more active\nmarket in the spring, a pronounced bounce from a slow 2019, where the number of\nagreed sales fell by 3%.\n\n\nCheaper water\nWater firms in England and Wales will have to turn on the taps of investment as\npart of a new crackdown by water regulator Ofwat\n[https://www.bbc.co.uk/news/business-50802783]. Its ambitious five-year plan for\nthe industry, which is aimed at improving performance, lowering bills, and\nreducing leaks, will come into force in April 2020. Firms are under pressure to\ncut the average water bill by £50 by 2025.\n\n\nGreen Goldman Sachs \nThe iconic investment bank will no longer finance oil drilling or exploration\nin\nthe Arctic\n[https://www.theguardian.com/business/2019/dec/16/goldman-sachs-to-stop-financing-new-drilling-for-oil-in-the-arctic?CMP=Share_iOSApp_Other] \nor invest in thermal coal mines anywhere else. The new environmental policy\ncomes from its acknowledgement of the scientific consensus on the climate\ncrisis. The move has been welcomed by environmentalists, despite warnings that\nit is only a first step.\n\n\nFiery lights? \nChristmas lights bought from online marketplaces such as eBay and Wish could be \nat risk of melting, causing electric shocks, or even setting fire to your tree\n[https://www.bbc.co.uk/news/business-50800369], according to Which?. The\nconsumer group tested 13 “cheap and seemingly cheerful” sets of lights from\nonline sellers and found that six of them failed safety tests. It recommends\nbuying your lights from reputable traders to make sure they’re compliant with\nelectrical safety standards.","html":"Monday 16th December 2019
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.
Property prices will rise by 2% over the next two years according to Rightmove. Leading the charge? Northern regions, that are set to perform stronger than areas the south. The property site expects a more active market in the spring, a pronounced bounce from a slow 2019, where the number of agreed sales fell by 3%.
Water firms in England and Wales will have to turn on the taps of investment as part of a new crackdown by water regulator Ofwat. Its ambitious five-year plan for the industry, which is aimed at improving performance, lowering bills, and reducing leaks, will come into force in April 2020. Firms are under pressure to cut the average water bill by £50 by 2025.
The iconic investment bank will no longer finance oil drilling or exploration in the Arctic or invest in thermal coal mines anywhere else. The new environmental policy comes from its acknowledgement of the scientific consensus on the climate crisis. The move has been welcomed by environmentalists, despite warnings that it is only a first step.
Christmas lights bought from online marketplaces such as eBay and Wish could be at risk of melting, causing electric shocks, or even setting fire to your tree, according to Which?. The consumer group tested 13 “cheap and seemingly cheerful” sets of lights from online sellers and found that six of them failed safety tests. It recommends buying your lights from reputable traders to make sure they’re compliant with electrical safety standards.
","url":"https://multiply.ghost.io/property-market-set-to-bounce-back/","uuid":"3dea3e3d-90a5-4974-9b3d-61f665034191","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5df774981bb1380038e20ec3"}},{"node":{"id":"Ghost__Post__5df36ee32e4a100038d3dcef","title":"What the election result means for your money","slug":"what-the-election-result-means-for-your-money","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2019/12/boris.jpeg","excerpt":"Following the Conservatives’ win, let’s revisit the party’s manifesto pledges and what they could mean for your pocket over the next five years.","custom_excerpt":"Following the Conservatives’ win, let’s revisit the party’s manifesto pledges and what they could mean for your pocket over the next five years.","created_at_pretty":"13 December, 2019","published_at_pretty":"13 December, 2019","updated_at_pretty":"13 December, 2019","created_at":"2019-12-13T10:58:43.000+00:00","published_at":"2019-12-13T11:06:25.000+00:00","updated_at":"2019-12-13T11:11:35.000+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 13th December 2019\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\nYour money under Tory rule\nFollowing the Conservatives’ win, let’s revisit the party’s manifesto pledges\nand what they could mean for your pocket\n[https://www.telegraph.co.uk/money/consumer-affairs/tory-manifesto-means-money/] \nover the next five years:\n\nWe’ll almost certainly leave the EU in January 2020, and begin trade talks with\nthe bloc\n\n30 million workers will pay £100 less in National Insurance thanks to a higher\nthreshold\n\nAround 250,000 primary schools will have funding to offer summer holiday care\n\nThe state pension “triple lock” stays, meaning it'll increase by the highest of\ninflation, 2.5%, or average wage increase\n\nWe’ll see moves to create a “fairer rental market” with a combination of housing\npolicies\n\nStudent nurses will once again receive a free bursary\n\nPound and shares boost\nSterling saw a 1.5% boost to its value to $1.33\n[https://www.bbc.co.uk/news/business-50766233]. The rise was fuelled by\nConservative majority removing continued uncertainty over Brexit. The value is\nthe highest against the dollar since June last year. It also jumped to a\nthree-and-a-half-year high against the euro. In the markets, the FTSE 100\nfollowed suit with 1.8% surge in the share index, and the more UK-focused FTSE\n250 jumped by 4%.\n\n2020 Brexit?\nBoris Johnson has mentioned ‘getting Brexit done’ a few times this month, but\ncan\nhe really do it by the promised date - end of 2020?\n[https://news.sky.com/story/can-boris-johnson-really-get-brexit-done-by-end-of-2020-11885175] \nIn January we’ll begin the process of negotiating a new trade relationship with\nthe EU. One thing in his favour is the prospect of a “pared-down” down deal that\nwould allow us to reach a basic trade agreement fairly easily. Against him? One\nof the biggest barriers is there’s no UK team in place to haggle for a deal,\nwhereas the EU has a crack force of negotiators ready to get the best agreement\npossible.","html":"Friday 13th December 2019
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.
Following the Conservatives’ win, let’s revisit the party’s manifesto pledges and what they could mean for your pocket over the next five years:
We’ll almost certainly leave the EU in January 2020, and begin trade talks with the bloc
30 million workers will pay £100 less in National Insurance thanks to a higher threshold
Around 250,000 primary schools will have funding to offer summer holiday care
The state pension “triple lock” stays, meaning it'll increase by the highest of inflation, 2.5%, or average wage increase
We’ll see moves to create a “fairer rental market” with a combination of housing policies
Student nurses will once again receive a free bursary
Sterling saw a 1.5% boost to its value to $1.33. The rise was fuelled by Conservative majority removing continued uncertainty over Brexit. The value is the highest against the dollar since June last year. It also jumped to a three-and-a-half-year high against the euro. In the markets, the FTSE 100 followed suit with 1.8% surge in the share index, and the more UK-focused FTSE 250 jumped by 4%.
Boris Johnson has mentioned ‘getting Brexit done’ a few times this month, butcan he really do it by the promised date - end of 2020? In January we’ll begin the process of negotiating a new trade relationship with the EU. One thing in his favour is the prospect of a “pared-down” down deal that would allow us to reach a basic trade agreement fairly easily. Against him? One of the biggest barriers is there’s no UK team in place to haggle for a deal, whereas the EU has a crack force of negotiators ready to get the best agreement possible.
","url":"https://multiply.ghost.io/what-the-election-result-means-for-your-money/","uuid":"ff148a45-f793-428b-b34c-92935d124bdb","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5df36ee32e4a100038d3dcef"}},{"node":{"id":"Ghost__Post__5df22ff93f44de003879424c","title":"Pounds, polls, and pooches","slug":"pounds-polls-and-pooches","featured":false,"feature_image":"https://images.unsplash.com/photo-1574641820089-d431bff40336?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"You may have heard there’s an election going on. With voting well underway, the pound has jumped to a nine-month high against the dollar.","custom_excerpt":"You may have heard there’s an election going on. With voting well underway, the pound has jumped to a nine-month high against the dollar.","created_at_pretty":"12 December, 2019","published_at_pretty":"12 December, 2019","updated_at_pretty":"12 December, 2019","created_at":"2019-12-12T12:18:01.000+00:00","published_at":"2019-12-12T12:22:55.000+00:00","updated_at":"2019-12-12T16:40:48.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"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":"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\nThe pound and the polls\nYou may have heard there’s an election going on. With voting well underway, the \npound has jumped to a nine-month high against the dollar\n[https://www.telegraph.co.uk/business/2019/12/12/markets-live-latest-news-pound-euro-ftse-100-general-election/] \n(Paywall). Its value as the country goes to the polls is $1.3229, the\nculmination of a two-week series of jumps seen as a reaction to polls that\npointed towards the Conservatives taking a majority. However, the latest poll\nindicates the final result is too close to call\n[https://www.telegraph.co.uk/politics/2019/12/12/general-election-polls-tracker-latest-uk-odds-2019-opinion-poll/]\n... (Paywall).\n\n\nDogs at polling stations\nIf there’s one thing guaranteed to cheer us up on a rainy election day in\nDecember, it’s the sight of patient pooches accompanying their owners as they\nexercise their democratic right\n[https://www.cityam.com/election-live-dogs-at-polling-stations-across-the-uk/].\nWe’ll level with you: this has nothing to do with money or finance, but it’s\nwhat we need today.\n\n\nSupercuts returns\nRegis UK, the owner of Supercuts and Regis hairdressing chains, has been bought\nout of administration by entrepreneur Lee Bushell\n[https://www.bbc.co.uk/news/business-50744834]. The buyout will keep 140 outlets\nand 1,000 employees snipping for the foreseeable future.","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.
You may have heard there’s an election going on. With voting well underway, the pound has jumped to a nine-month high against the dollar (Paywall). Its value as the country goes to the polls is $1.3229, the culmination of a two-week series of jumps seen as a reaction to polls that pointed towards the Conservatives taking a majority. However, the latest poll indicates the final result is too close to call... (Paywall).
If there’s one thing guaranteed to cheer us up on a rainy election day in December, it’s the sight of patient pooches accompanying their owners as they exercise their democratic right. We’ll level with you: this has nothing to do with money or finance, but it’s what we need today.
Regis UK, the owner of Supercuts and Regis hairdressing chains, has been bought out of administration by entrepreneur Lee Bushell. The buyout will keep 140 outlets and 1,000 employees snipping for the foreseeable future.
","url":"https://multiply.ghost.io/pounds-polls-and-pooches/","uuid":"7b40286d-5b9f-4e2b-85fb-a00f7f3bcfc6","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5df22ff93f44de003879424c"}},{"node":{"id":"Ghost__Post__5df0d61c3f44de0038794212","title":"24 hours until the election","slug":"24-hours-until-the-election","featured":false,"feature_image":"https://images.unsplash.com/photo-1540910419892-4a36d2c3266c?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"The UK general election is tomorrow, and all political parties are putting in a last-ditch effort to woo voters.","custom_excerpt":"The UK general election is tomorrow, and all political parties are putting in a last-ditch effort to woo voters.","created_at_pretty":"11 December, 2019","published_at_pretty":"11 December, 2019","updated_at_pretty":"11 December, 2019","created_at":"2019-12-11T11:42:20.000+00:00","published_at":"2019-12-11T11:45:45.000+00:00","updated_at":"2019-12-11T11:45:45.000+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":"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\n24 hours to go\nThe UK general election is tomorrow, and all political parties are putting in a\nlast-ditch effort to woo voters. The big issues on the table include Brexit, the\nNHS, and the environment. Not sure who you’re voting for? You can compare all\nthe manifesto pledges here [https://www.bbc.co.uk/news/election-2019-50291676].\n\nCar insurance inequality?\nSome well-known insurers have been caught charging hundreds of pounds more for\ncar insurance for drivers born outside the UK\n[https://www.telegraph.co.uk/insurance/car/insurance-racist-born-abroad-can-raise-motor-cover-850/] \n(paywall). The Telegraph uncovered a quote from RCIB that’s £859 higher if the\ndriver moved to the UK as a baby. Is that allowed? Well, some legal experts are\narguing that it may breach the Equality Act 2010. But whatever the outcome, it’s\na reminder that it often pays to shop around.\n\nPubs on the rise\nThe number of pubs opening in the UK saw an increase for the first time this\ndecade\n[https://www.theguardian.com/business/2019/dec/11/british-pub-numbers-grow-for-first-time-in-decade]\n, signalling that the industry might be starting to look up after a tough few\nyears. The UK ended March 2019 with 320 more pubs than a year earlier, in stark\ncontrast to the average loss of 732 per year for the nine years previously.\nHowever, the Office for National Statistics (ONS) has warned that smaller pubs\nin rural areas are still on the decline.\n\nWhere's the best place to work?\nLooking at a job change and wondering what companies are great to work for? Well\nhere’s the top 10 list\n[https://www.cityam.com/ranked-the-best-10-companies-to-work-for-in-the-uk/] as\nranked by Glassdoor. The reviews are posted anonymously by current and previous\nemployees and put Google in top place with a score of 4.5 out of 5. Other\nnotable entries include Microsoft, Hiscox, and Topps Tiles.","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 general election is tomorrow, and all political parties are putting in a last-ditch effort to woo voters. The big issues on the table include Brexit, the NHS, and the environment. Not sure who you’re voting for? You can compare all the manifesto pledges here.
Some well-known insurers have been caught charging hundreds of pounds more for car insurance for drivers born outside the UK (paywall). The Telegraph uncovered a quote from RCIB that’s £859 higher if the driver moved to the UK as a baby. Is that allowed? Well, some legal experts are arguing that it may breach the Equality Act 2010. But whatever the outcome, it’s a reminder that it often pays to shop around.
The number of pubs opening in the UK saw an increase for the first time this decade, signalling that the industry might be starting to look up after a tough few years. The UK ended March 2019 with 320 more pubs than a year earlier, in stark contrast to the average loss of 732 per year for the nine years previously. However, the Office for National Statistics (ONS) has warned that smaller pubs in rural areas are still on the decline.
Looking at a job change and wondering what companies are great to work for? Well here’s the top 10 list as ranked by Glassdoor. The reviews are posted anonymously by current and previous employees and put Google in top place with a score of 4.5 out of 5. Other notable entries include Microsoft, Hiscox, and Topps Tiles.
","url":"https://multiply.ghost.io/24-hours-until-the-election/","uuid":"ffa4570d-cfae-43fa-85b1-5d3c984ef443","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5df0d61c3f44de0038794212"}},{"node":{"id":"Ghost__Post__5def8df93f44de00387941cd","title":"Clean power move","slug":"clean-power-move","featured":false,"feature_image":"https://images.unsplash.com/photo-1483825366482-1265f6ea9bc9?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Drax power station produces 5% of the UK’s energy and has announced plans to capture more carbon than it creates by 2030.","custom_excerpt":"Drax power station produces 5% of the UK’s energy and has announced plans to capture more carbon than it creates by 2030.","created_at_pretty":"10 December, 2019","published_at_pretty":"10 December, 2019","updated_at_pretty":"10 December, 2019","created_at":"2019-12-10T12:22:17.000+00:00","published_at":"2019-12-10T12:29:54.000+00:00","updated_at":"2019-12-10T12:48:30.000+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":"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":"Tuesday 10th December 2019\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\nCarbon negative power plant\nDrax power station produces 5% of the UK’s energy and has announced plans\n[https://www.bbc.co.uk/news/business-50712500] to capture more carbon than it\ncreates by 2030. It’ll burn wood that absorbs carbon as it grows, and is\ntrialling carbon-capture technology which could absorb 8 million tonnes of\ncarbon each year. Drax’s boss William Gardiner said: \"This is not just critical\nto beating the climate crisis, but also to enabling a just transition,\nprotecting jobs and creating new opportunities for clean growth - delivering for\nthe economy as well as for the environment.\"\n\nFewer deals for tax dodgers\nLast year, 438 individuals who had committed tax fraud were offered a chance to\npay the tax they owe, plus fines, to avoid being prosecuted. That might sound\nhigh, but 486 “get out of jail” deals were offered in 2017-18 and 550 the year\nbefore that\n[https://www.telegraph.co.uk/tax/news/hmrc-enters-fewer-get-jail-deals-taxpayers/]\n. Why the decline? Legal experts say HMRC has a growing evidence stack, giving\nit greater abilities to prosecute, so there’s less need to make deals with tax\ndodgers.\n\nA pause on hiring \nEmployers in Britain have slowed down hiring this year\n[https://www.theguardian.com/business/2019/dec/10/uk-employers-pause-job-hiring-demand-falls-seven-year-low?CMP=Share_iOSApp_Other]\n, according to a survey by recruitment firm ManpowerGroup. The findings have\nunveiled that strong jobs growth has ended in 2019 as Brexit uncertainty\ntightens its grip. Hiring intentions, which measures the appetite for taking on\nnew staff, were at a 10-year low among the 2,101 employers asked.\n\n\nBig pub spend \nWetherspoons is set to spend £200 million on its pubs and hotels over the next\nfour years\n[https://news.sky.com/story/wetherspoons-to-serve-up-10-000-jobs-with-200m-spree-11882810]\n. The chain predicts that the expansion plans will create around 10,000 jobs\nacross the UK and Ireland.","html":"Tuesday 10th December 2019
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.
Drax power station produces 5% of the UK’s energy and has announced plans to capture more carbon than it creates by 2030. It’ll burn wood that absorbs carbon as it grows, and is trialling carbon-capture technology which could absorb 8 million tonnes of carbon each year. Drax’s boss William Gardiner said: \"This is not just critical to beating the climate crisis, but also to enabling a just transition, protecting jobs and creating new opportunities for clean growth - delivering for the economy as well as for the environment.\"
Last year, 438 individuals who had committed tax fraud were offered a chance to pay the tax they owe, plus fines, to avoid being prosecuted. That might sound high, but 486 “get out of jail” deals were offered in 2017-18 and 550 the year before that. Why the decline? Legal experts say HMRC has a growing evidence stack, giving it greater abilities to prosecute, so there’s less need to make deals with tax dodgers.
Employers in Britain have slowed down hiring this year, according to a survey by recruitment firm ManpowerGroup. The findings have unveiled that strong jobs growth has ended in 2019 as Brexit uncertainty tightens its grip. Hiring intentions, which measures the appetite for taking on new staff, were at a 10-year low among the 2,101 employers asked.
Wetherspoons is set to spend £200 million on its pubs and hotels over the next four years. The chain predicts that the expansion plans will create around 10,000 jobs across the UK and Ireland.
","url":"https://multiply.ghost.io/clean-power-move/","uuid":"b2749f49-d213-4917-a655-bb8fd5513628","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5def8df93f44de00387941cd"}},{"node":{"id":"Ghost__Post__5dee4cbb3f44de00387941b9","title":"Top polluters set to pay","slug":"top-polluters-set-to-pay","featured":false,"feature_image":"https://images.unsplash.com/photo-1521111756787-d2f69136cedf?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Policies in place to fight climate change are forecast to cost the country’s most polluting firms 43% of their value.","custom_excerpt":"Policies in place to fight climate change are forecast to cost the country’s most polluting firms 43% of their value.","created_at_pretty":"09 December, 2019","published_at_pretty":"09 December, 2019","updated_at_pretty":"09 December, 2019","created_at":"2019-12-09T13:31:39.000+00:00","published_at":"2019-12-09T13:33:34.000+00:00","updated_at":"2019-12-09T13:33:34.000+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":"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":"Monday 9th December 2019\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\nPollution tax\nPolicies in place to fight climate change are forecast to cost the country’s\nmost polluting firms 43% of their value\n[https://www.bbc.co.uk/news/business-50706923]. Progress pays though, as the\nrules will see lower polluters add 33% to their value. The study by the\nPrinciples for Responsible Investment (PRI) predicts that car companies that\nquickly switch to electric vehicles (EVs) are likely to profit, while the 10\nbiggest firms in oil and coal will see their value drop significantly.\n\nHotel mattresses looted\nGone are the days of simply slipping a shampoo bottle into your suitcase.\nFive-star hotels are now falling foul of increasingly ambitious thieves, with\nresearch showing that TVs, paintings, and even mattresses are being pilfered by\nguests\n[https://www.thetimes.co.uk/edition/news/mattresses-are-the-new-target-for-thieves-at-five-star-hotels-fs8d9kml3]\n. The luxury mattresses apparently go missing in the middle of the night,\nusually via lifts serving underground car parks.\n\nJust Eat tug-of-war\nTakeaway company Just Eat is seeing its shares soar as it tucks into the details\nof rival bids from would-be buyers Prosus and Takeaway.com\n[https://www.theguardian.com/business/2019/dec/09/just-eat-prosus-offer-takeawaycom]\n. With two offers on the table, Just Eat shareholders have until 27th December\nto make up their minds. It’s one of many food delivery companies vying to feed\nconsumer demand, but it remains to be seen what a potential deal could mean for\nthe price of a pizza.\n\nTesco checking out of Asia?\nBritain’s biggest retailer, Tesco, is thinking about selling off its stores in\nThailand and Malaysia\n[https://news.sky.com/story/tesco-considers-checkout-of-thailand-and-malaysia-stores-11882097]\n. It has over 2,00 of them in both countries, where they are known as Tesco\nLotus. The move would continue the trimming of its international businesses in a\nsustained retreat of the company's previous global ambitions.","html":"Monday 9th December 2019
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.
Policies in place to fight climate change are forecast to cost the country’s most polluting firms 43% of their value. Progress pays though, as the rules will see lower polluters add 33% to their value. The study by the Principles for Responsible Investment (PRI) predicts that car companies that quickly switch to electric vehicles (EVs) are likely to profit, while the 10 biggest firms in oil and coal will see their value drop significantly.
Gone are the days of simply slipping a shampoo bottle into your suitcase. Five-star hotels are now falling foul of increasingly ambitious thieves, with research showing that TVs, paintings, and even mattresses are being pilfered by guests. The luxury mattresses apparently go missing in the middle of the night, usually via lifts serving underground car parks.
Takeaway company Just Eat is seeing its shares soar as it tucks into the details of rival bids from would-be buyers Prosus and Takeaway.com. With two offers on the table, Just Eat shareholders have until 27th December to make up their minds. It’s one of many food delivery companies vying to feed consumer demand, but it remains to be seen what a potential deal could mean for the price of a pizza.
Britain’s biggest retailer, Tesco, is thinking about selling off its stores in Thailand and Malaysia. It has over 2,00 of them in both countries, where they are known as Tesco Lotus. The move would continue the trimming of its international businesses in a sustained retreat of the company's previous global ambitions.
","url":"https://multiply.ghost.io/top-polluters-set-to-pay/","uuid":"f114883d-d64e-4b72-b2f2-a9b6c3f60a56","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5dee4cbb3f44de00387941b9"}},{"node":{"id":"Ghost__Post__5dea47143f44de00387941a2","title":"Polls push pound's value","slug":"polls-push-pounds-value","featured":false,"feature_image":"https://images.unsplash.com/photo-1574641820089-d431bff40336?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Predictions of an outright Tory victory in next week’s election has meant the pound has risen to its highest value against the euro in more than two and a half years.","custom_excerpt":"Predictions of an outright Tory victory in next week’s election has meant the pound has risen to its highest value against the euro in more than two and a half years.","created_at_pretty":"06 December, 2019","published_at_pretty":"06 December, 2019","updated_at_pretty":"06 December, 2019","created_at":"2019-12-06T12:18:28.000+00:00","published_at":"2019-12-06T12:22:38.000+00:00","updated_at":"2019-12-06T12:22:38.000+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":"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":"Sterling surge\nPredictions of an outright Tory victory in next week’s election has meant the \npound has risen to its highest value against the euro\n[https://www.theguardian.com/business/2019/dec/05/pound-euro-high-traders-conservatives-tories] \nin more than two and a half years. Opinion polls have led currency traders to\nbelieve that the end is in sight for the continuing uncertainty over Brexit that\nhas continued to depress the value of the pound.\n\nMansions in demand\nThe top end of the property market is booming despite political uncertainty,\nwith buyers snapping up expensive homes\n[https://www.thetimes.co.uk/edition/news/surge-in-million-pound-home-sales-in-regions-fuelled-by-general-election-polls-k7gdqbxts] \n(paywall article). Land Registry figures show that the first six months of 2019\nsaw a 5% surge in sales of £1 million-plus homes, compared with the same period\nlast year. The steepest growth was in the Midlands and the north of England.\n\nMore Thomas Cook misery\nCustomers who booked a getaway with the now-bust tour operator are facing more\nheartache as refunds are being delayed\n[https://www.bbc.co.uk/news/business-50680106]. Those who used the holiday\ncompany were initially told that any claims made on the first day of the Air\nTravel Organiser's Licence (ATOL) refund programme would get their money back\nwithin 60 days (today). It has now revised this claim, stating that only\ntwo-thirds will be paid on time.\n\nPints getting pricier\nBooze could get more expensive following a possible merger between Stonegate\n(which owns Slug and Lettuce) and the Ei Group\n[https://www.cityam.com/stonegate-takeover-of-pub-chain-ei-group-may-raise-prices-at-local-boozers/] \nwhich owns more than 4,000 pubs across the UK. The warning comes from the\nCompetition and Markets Authority (CMA), which today said that pub-goers in 51\nlocal areas across the UK could see higher prices and slipping standards as a\nresult of the deal. The two companies have until 13th December to come back with\nsolutions.","html":"Predictions of an outright Tory victory in next week’s election has meant the pound has risen to its highest value against the euro in more than two and a half years. Opinion polls have led currency traders to believe that the end is in sight for the continuing uncertainty over Brexit that has continued to depress the value of the pound.
The top end of the property market is booming despite political uncertainty, with buyers snapping up expensive homes (paywall article). Land Registry figures show that the first six months of 2019 saw a 5% surge in sales of £1 million-plus homes, compared with the same period last year. The steepest growth was in the Midlands and the north of England.
Customers who booked a getaway with the now-bust tour operator are facing more heartache as refunds are being delayed. Those who used the holiday company were initially told that any claims made on the first day of the Air Travel Organiser's Licence (ATOL) refund programme would get their money back within 60 days (today). It has now revised this claim, stating that only two-thirds will be paid on time.
Booze could get more expensive following a possible merger between Stonegate (which owns Slug and Lettuce) and the Ei Group which owns more than 4,000 pubs across the UK. The warning comes from the Competition and Markets Authority (CMA), which today said that pub-goers in 51 local areas across the UK could see higher prices and slipping standards as a result of the deal. The two companies have until 13th December to come back with solutions.
","url":"https://multiply.ghost.io/polls-push-pounds-value/","uuid":"bbe15cf6-0f56-4cbd-abc1-95111d95366a","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5dea47143f44de00387941a2"}},{"node":{"id":"Ghost__Post__5de660d9d195ae0038fce357","title":"Black Friday hangover","slug":"black-friday-hangover","featured":false,"feature_image":"https://images.unsplash.com/photo-1532795986-dbef1643a596?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"Shoppers in debt: As shoppers splashed out £2.5 billion on Black Friday, retailers were raking in profits from buy now pay later schemes which push people into unmanageable levels of debt, according to new research.","custom_excerpt":"Shoppers in debt: As shoppers splashed out £2.5 billion on Black Friday, retailers were raking in profits from buy now pay later schemes which push people into unmanageable levels of debt, according to new research.","created_at_pretty":"03 December, 2019","published_at_pretty":"03 December, 2019","updated_at_pretty":"03 December, 2019","created_at":"2019-12-03T13:19:21.000+00:00","published_at":"2019-12-03T13:24:15.000+00:00","updated_at":"2019-12-03T13:36:42.000+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":"Shoppers in debt \n\nAs shoppers splashed out £2.5 billion on Black Friday, retailers were raking in\nprofits from buy now pay later schemes which push people into unmanageable\nlevels of debt\n[https://www.thetimes.co.uk/edition/news/high-street-store-credit-schemes-push-customers-into-record-debt-8f3m06ct7]\n, according to new research. The Financial Conduct Authority (FCA) says one in\nthree who use store credit fail to repay on time and are hit with fees and\ninterest charges, and people with mental health issues are twice as likely to\nend up behind on payments according to the Money and Mental Health Policy\nInstitute (MMHPI).\n\nFast cash not fast fashion? \n\nMany new companies are springing up offering options to hire designer fashion\n[https://www.bbc.co.uk/news/business-50627492] for a short period of time, for a\nfraction of the price of buying it. Retail veteran Jane Shepherdson is the\nchairman of ‘My Wardrobe’, which also gives people who own high-end pieces the\nchance to earn extra income by renting their wardrobe out.\n\nOnce upon a time in Elstree\n\nSky is to base its new Hollywood-style film studio in north London, creating\nmore than 2,000 new jobs\n[https://www.theguardian.com/business/2019/dec/03/sky-jobs-elstree-tv-film-studio]\n. It’ll be a substantial weapon in the company’s fight against streaming\nopponents Netflix and Amazon. The 32-acre studio complex is set to be built in\nElstree and will open in 2022.\n\nBank boss bonuses docked: The leadership team at TSB won’t get their bonuses\nthis year. The reason? Their failure to meet gender diversity targets\n[https://www.theguardian.com/business/2019/dec/03/tsb-bonuses-to-be-docked-for-failure-to-meet-gender-balance-targets] \nthat sought to raise the number of women in senior roles to 45-55% by 2020.\nInstead of climbing, the percentage had dropped to 38% from 41% in 2017, causing\nthe bank to scrap the commitment.","html":"Shoppers in debt
As shoppers splashed out £2.5 billion on Black Friday, retailers were raking in profits from buy now pay later schemes which push people into unmanageable levels of debt, according to new research. The Financial Conduct Authority (FCA) says one in three who use store credit fail to repay on time and are hit with fees and interest charges, and people with mental health issues are twice as likely to end up behind on payments according to the Money and Mental Health Policy Institute (MMHPI).
Fast cash not fast fashion?
Many new companies are springing up offering options to hire designer fashion for a short period of time, for a fraction of the price of buying it. Retail veteran Jane Shepherdson is the chairman of ‘My Wardrobe’, which also gives people who own high-end pieces the chance to earn extra income by renting their wardrobe out.
Once upon a time in Elstree
Sky is to base its new Hollywood-style film studio in north London, creating more than 2,000 new jobs. It’ll be a substantial weapon in the company’s fight against streaming opponents Netflix and Amazon. The 32-acre studio complex is set to be built in Elstree and will open in 2022.
Bank boss bonuses docked: The leadership team at TSB won’t get their bonuses this year. The reason? Their failure to meet gender diversity targets that sought to raise the number of women in senior roles to 45-55% by 2020. Instead of climbing, the percentage had dropped to 38% from 41% in 2017, causing the bank to scrap the commitment.
","url":"https://multiply.ghost.io/black-friday-hangover/","uuid":"e7010f50-f6ad-443a-bd8c-2cd35a08591b","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5de660d9d195ae0038fce357"}},{"node":{"id":"Ghost__Post__5de1043b78038b00384f32ff","title":"Energy industry job cuts","slug":"untitled-2","featured":false,"feature_image":"https://images.unsplash.com/photo-1473341304170-971dccb5ac1e?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"A lightning-quick round-up of the money news and how it affects you.","custom_excerpt":"A lightning-quick round-up of the money news and how it affects you.","created_at_pretty":"29 November, 2019","published_at_pretty":"29 November, 2019","updated_at_pretty":"29 November, 2019","created_at":"2019-11-29T11:42:51.000+00:00","published_at":"2019-11-29T11:44:10.000+00:00","updated_at":"2019-11-29T12:21:52.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Npower restructure\nThe firm is set to cut up to 4,500 UK jobs\n[https://www.bbc.co.uk/news/business-50598505] in a restructure designed to make\nitself more profitable. Unions have stated the cuts are a “cruel blow” for the\ncompany’s workers just before Christmas, while Npower’s owners, E.ON have blamed\na challenging market and government-imposed price caps for the fall in profits.\n\nOverdraft fees refunded\n115,754 HSBC and Santander customers will receive a refund of unarranged\noverdraft charges\n[https://www.cityam.com/hsbc-and-santander-forced-to-repay-over-8m-in-overdraft-fees/]\n. By law, your bank has to alert you before charging for using an unarranged\noverdraft, which HSBC and Santander failed to do several times. The banks are\npaying back £8 million to affected customers and have been ordered to review\ntheir procedures.\n\nStranded without cash\nPeople in towns and villages across the UK are cut off from their cash\n[https://www.telegraph.co.uk/money/consumer-affairs/live-cash-only-village-have-drive-six-miles-get-tenner/]\n, after losing 212 ‘protected’ ATMs which were the only free-to-access cash\nmachines within a 1 kilometre radius. Card payments may have overtaken cash\n[https://www.bbc.co.uk/news/business-44496513] last year, but in rural areas,\nmany local businesses only accept cash. Losing ATMs threatens to leave millions\nof people with no option but to pay to get their money out, or drive miles to\nwithdraw.\n\nBlack Fri-nay?\nSome companies are bucking the sales trend to encourage conscious consumerism\n[https://news.sky.com/story/buy-nothing-day-anti-black-friday-campaigners-encourage-conscious-consumerism-11872650]\n. Among them are London shoe shop AllBirds which is running immersive workshops\nto encourage shoppers to create more and shop less on Black Friday, while\nBritish fashion designer Christoper Raeburn is challenging shoppers to “BUY\nNOTHING, RAEPAIR SOMETHING”.","html":"The firm is set to cut up to 4,500 UK jobs in a restructure designed to make itself more profitable. Unions have stated the cuts are a “cruel blow” for the company’s workers just before Christmas, while Npower’s owners, E.ON have blamed a challenging market and government-imposed price caps for the fall in profits.
115,754 HSBC and Santander customers will receive a refund of unarranged overdraft charges. By law, your bank has to alert you before charging for using an unarranged overdraft, which HSBC and Santander failed to do several times. The banks are paying back £8 million to affected customers and have been ordered to review their procedures.
People in towns and villages across the UK are cut off from their cash, after losing 212 ‘protected’ ATMs which were the only free-to-access cash machines within a 1 kilometre radius. Card payments may have overtaken cash last year, but in rural areas, many local businesses only accept cash. Losing ATMs threatens to leave millions of people with no option but to pay to get their money out, or drive miles to withdraw.
Some companies are bucking the sales trend to encourage conscious consumerism. Among them are London shoe shop AllBirds which is running immersive workshops to encourage shoppers to create more and shop less on Black Friday, while British fashion designer Christoper Raeburn is challenging shoppers to “BUY NOTHING, RAEPAIR SOMETHING”.
","url":"https://multiply.ghost.io/untitled-2/","uuid":"49442699-cf75-491d-8fe8-660277ee7dc9","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"5de1043b78038b00384f32ff"}},{"node":{"id":"Ghost__Post__5ddff1f59b59ef0038f06e79","title":"Politicians bad at maths?","slug":"politicians-bad-at-maths","featured":false,"feature_image":null,"excerpt":"A lightning-quick round-up of the money news and how it affects you.","custom_excerpt":"A lightning-quick round-up of the money news and how it affects you.","created_at_pretty":"28 November, 2019","published_at_pretty":"28 November, 2019","updated_at_pretty":"28 November, 2019","created_at":"2019-11-28T16:12:37.000+00:00","published_at":"2019-11-28T16:17:00.000+00:00","updated_at":"2019-11-28T16:17:00.000+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":"IFS putdown\nNeither Labour nor the Conservatives are offering a credible spending plan in\nthe upcoming election, according to thinktank the Institute for Fiscal Studies\n[https://www.theguardian.com/business/2019/nov/28/ifs-manifesto-verdict-neither-tories-nor-labour-have-credible-spending-plan]\n. The criticism stems from the fact that the Conservative manifesto offers\n“nothing new'' while Labour wants to “change everything”.\n\n\nBags of plastic\nDespite pledging to cut down, supermarkets are producing more plastic than ever,\ncreating 58.3 billion pieces between them in the last 12 months. Greenpeace is\ncalling for higher charges on plastic bags\n[https://www.independent.co.uk/life-style/supermarket-plastic-waste-environment-lidl-asda-aldi-sainsburys-a9220611.html] \nincluding a 70p price tag on reusable “bags for life”. Of the UK’s top\nsupermarkets, only Waitrose, Tesco, and Sainsbury’s have managed to reduce their\nplastic output in the past year.\n\n\nBonmarché back?\nThe womenswear retailer fell into administration in October but is set to be \nrescued by rival clothing chain Peacocks\n[https://www.bbc.co.uk/news/business-50584658]. Although a firm deal is yet to\nbe agreed, the buyout is expected to rescue the majority of Bonmarché’s 285\nstores, potentially saving hundreds of jobs.\n\n\nCall for the real living wage\nInfluential City investors have written to chief executives of the UK’s top\nfirms, including Royal Mail, JD Sports and British Airways, to urge them to pay\ntheir employees the real living wage\n[https://www.theguardian.com/society/2019/nov/28/city-investors-urge-royal-mail-british-airways-jd-sports-to-pay-workers-living-wage] \n(£10.75 per hour in London and £9.30 per hour across the rest of the UK). Their\nargument? A workforce that is fairly paid, well valued and respected will\nperform better than one that isn’t.","html":"Neither Labour nor the Conservatives are offering a credible spending plan in the upcoming election, according to thinktank the Institute for Fiscal Studies. The criticism stems from the fact that the Conservative manifesto offers “nothing new'' while Labour wants to “change everything”.
Despite pledging to cut down, supermarkets are producing more plastic than ever, creating 58.3 billion pieces between them in the last 12 months. Greenpeace is calling for higher charges on plastic bags including a 70p price tag on reusable “bags for life”. Of the UK’s top supermarkets, only Waitrose, Tesco, and Sainsbury’s have managed to reduce their plastic output in the past year.
The womenswear retailer fell into administration in October but is set to be rescued by rival clothing chain Peacocks. Although a firm deal is yet to be agreed, the buyout is expected to rescue the majority of Bonmarché’s 285 stores, potentially saving hundreds of jobs.
Influential City investors have written to chief executives of the UK’s top firms, including Royal Mail, JD Sports and British Airways, to urge them to pay their employees the real living wage (£10.75 per hour in London and £9.30 per hour across the rest of the UK). Their argument? A workforce that is fairly paid, well valued and respected will perform better than one that isn’t.
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