Tag: UK

CashNews.co The UK economy has been mired in low growth for years, a problem exacerbated since the 2008 global financial crisis. Despite a few short-term recoveries, average annual growth has been consistently weak, leading to stagnating living standards. A striking indicator of this trend is that real wages in the UK are barely higher than […]

CashNews.co LONDON (AP) — Fixing Britain’s troubled economy will be a long haul in a “harsh” fiscal environment, Prime Minister Keir Starmer said Monday, setting the stage for his government’s high-stakes first budget this week. Starmer hopes voters will accept his argument that higher taxes and limited public spending increases are needed to “fix the […]

CashNews.co A recent Court of Appeal ruling has led several motor finance companies, including Close Brothers and Honda Finance, to pause underwriting new finance agreements. This means that, while lenders review their practices, you may not be able to complete your finance application. It is not known how long these delays will last, or how […]

CashNews.co The Labour government’s upcoming autumn budget will be one of the most closely watched in recent years. Consumer confidence has fallen sharply as households wait to find out how their finances will be affected by any changes. Prime minister Keir Starmer has also signalled that it will involve painful decisions and people will need […]

CashNews.co Court ruled brokers owe clients high level of transparency over commissions Close Brothers paused the writing of new motor finance business last week By Harry Wise Updated: 12:08 EDT, 28 October 2024 Lloyds is evaluating the ‘potential impact’ of a recent court ruling on a row over motor finance commission arrangements that could have major […]

CashNews.co PM Keir Starmer and Chancellor Rachel Reeves have terrified the nation the ahead of the Autumn Budget, by threatening a raft of tax hikes on Wednesday. Taxpayers aren’t the only ones getting anxious. The nation got a taste of what Labour has in store when Reeves axed the Winter Fuel Payment for 10million pensioners […]

CashNews.co We recently compiled a list of the 10 Undervalued Chemical Stocks to Invest In. In this article, we are going to take a look at where Celanese Corporation (NYSE:CE) stands against the other undervalued chemical stocks. Chemicals are essential to our daily lives and play a crucial role in many sectors. The chemical industry […]

CashNews.co Close Brothers Group and FirstRand Ltd. have announced plans to appeal to the UK Supreme Court after the Court of Appeal ruled against them in a landmark decision on motor finance commission disclosures. The ruling, delivered on Friday 25 October, upheld complaints from three consumers who argued that they were mis-sold motor finance, overturning […]

CashNews.co Volkswagen’s management wants to close at least three plants, cut tens of thousands of jobs, and also slash pay by 10% for remaining staff, according to a statement from staff representatives. The manufacturer is also seeking to downsize all remaining plants, added the document. This will, it claims, result in the outsourcing of many […]

CashNews.co While Genco Shipping & Trading Limited (NYSE:GNK) shareholders are probably generally happy, the stock hasn’t had particularly good run recently, with the share price falling 17% in the last quarter. But at least the stock is up over the last five years. In that time, it is up 49%, which isn’t bad, but is […]