Austerity has stripped local services to the bone – and those on the lowest incomes will be forced to pay for it“The most boring and complicated subject in all of public life,” declared William Waldegrave, former minister and an architect of the fateful poll tax, when speaking of local government finance. But...
A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. These fabulously rich Americans, whose ranks have more than doubled since the depths of the Great Recession, are younger than less wealthy millionaires. The average age of those with at least a mere $1 million is 62, a...
Its populist leaders said they were on the cusp of an economic miracle to rival the 1960s, but debt and uncertainty intervenedSharing his predictions on the economy less than a month ago, Luigi Di Maio, the Italian deputy prime minister, believed the country was on the cusp of an economic miracle akin to...
The ‘innovative finance’ Isa is being hailed by some as the answer to years of miserable interest rates. We look at who’s offering them and how they workIt’s the new type of Isa offering returns of up to 12% – or perhaps even 20% in future. But are rates like this simply...
Annual growth will fall below 1% for first time in decade even with a deal, says thinktankA no-deal Brexit would plunge the UK economy into recession and annual growth will slip below 1% this year for this first time since the financial crisis even if a deal is secured, the Organisation for Economic Cooperation and...
Are you a millennial who feels overwhelmed trying to manage your finances? Are you getting the most out of your money? Financial literacy is not often taught in schools and they don't do a great job preparing their graduates to manage their finances. So when you're out of college and start real life, it can be a...
The market sell-off on Christmas Eve shouldn't be ignored by regulators, a former attorney for the Securities and Exchange Commission told CNBC on Thursday.Dec. 24, 2018, was the worst Christmas Eve trading day ever for U.S. equities, with the Dow Jones Industrial Average plunging 653 points.Teresa Goody, who worked as a lawyer in the Office of General Counsel at...
Some people call for a town of culture award, but smaller communities should be able to benefit too• Phil Redmond is chair of the UK City of Culture independent advisory panel, and a TV screenwriter who created Brookside and HollyoaksAnother year over, a new one just begun, sang one of Liverpool’s...
High employment rates gloss over a ‘much more complicated story’ of stagnant wages and vanishing mid-level jobsJanuary marked the 100th consecutive month of job creation in the United States – a record breaking streak of job creation that has left employers scrambling to find workers and dragged the long-term unemployed back into the market.
Financial technology (also referred to as FinTech) is the use of innovative technology to deliver a wide range of financial products and services. It is intended to facilitate the multi-channel, convenient and fast payment experience for the consumer. This type of technology is effective in many different business segments, such as mobile payments, investment management, money transfer,...

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