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Archive for July, 2014

FUTURE BANKING

July 25, 2014

A technological revolution is under way in banking, with computers lined up to replace humans in branches. Intelligent machines could replace human bank staff in high street branches within five years, the Telegraph has learnt. Several major banks are understood to be in talks to introduce “express” branches, which would be similar to self-service checkouts […]


36% RISE IN STAMP DUTY

Prospective home buyers in the Capital can expect to pay over a third more in stamp duty as house price rises take values over the half a million threshold. Londoners face a 36pc rise in stamp duty as homes are set to hit £500,000 Prospective home buyers in the Capital can expect to pay over […]


UK AT PRE-CRISIS LEVEL

The UK economy grew by 0.8% in second quarter of 2014, official figures show The figures, from the Office for National Statistics (ONS), show the economy is now 0.2% ahead of its pre-crisis peak, which was reached in the first quarter of 2008. The ONS said the economy had grown 3.1% since the second quarter […]


WOMEN ON THE RISE

July 17, 2014

Cameron’s reshuffle: gender isn’t the only thing women MPs have to offer. Mr Gove has been made chief whip – in charge of party discipline – in the biggest ministerial shake-up of Mr Cameron’s premiership. He was replaced at education by former Treasury Minister Nicky Morgan, as the PM promotes more women into top jobs. […]


BRICS

Brics nations to create $100bn development bank. The leaders of the five Brics countries have signed a deal to create a new $100bn (£58.3bn) development bank and emergency reserve fund. The Brics group is made up of Brazil, Russia, India, China and South Africa. The capital for the bank will be split equally among the […]


ALL TIME HIGH: EMPLOYMENT RATE

The UK’s employment rate has matched its record high as the economy continued to create jobs at an unprecedented pace. The proportion of people aged 16 to 64 in work reached 73.1 per cent in the three months to May, up 0.5 points on the previous quarter, the Office for National Statistics said. That rate […]


PORTUGESE BANK CONCERN

July 11, 2014

Stock markets in Europe and the US have fallen over concerns about the health of one of Portugal’s biggest banks. Shares in Banco Espirito Santo were suspended after falling 17% following concerns about accounting irregularities at its parent group. As a result, the Lisbon stock exchange fell more than 4%, Madrid’s IBEX was down 2.7%, […]


INFLATION TO OUTSTRIP PAY RISE

Soaring house prices are likely to outstrip pay rises for at least the next five years ad possibly for decades to come, the government’s official forecaster has warned. The Office for Budget Responsibility said households will have to pay an increasing proportion of their income on mortgage bills to meet higher property values and only […]


TOO OLD TO GET A MORTGAGE

Britain’s biggest mortgage lenders have made it even more difficult for older borrowers to secure a mortgage by requiring them to prove their retirement income from the state pension age – regardless of whether they intend to work for longer. It comes among mounting complaints from “older” borrowers, including some only in their 40s, about […]


4 Day Week

July 3, 2014

The UK should reduce the working week from five to four days to help reduce stress, a leading doctor says. Working a four-day week would allow people to enjoy their lives by spending more time with their families or exercising, Professor John Ashton told the Guardian. Reducing the working week would help treat medical conditions […]


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