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Royal Bank of Scotland delays introduction of low-rate credit card46m Royal Bank of Scotland delays introduction of low-rate credit card
Chief executive says high level of consumer debt is factor in decision despite bank’s shrinking share of market Royal Bank of Scotland has postponed plans to introduce a cut-price credit card amid concerns about the £200bn of lending amassed by UK households. The 70%-taxpayer owned bank has decided against launching a more competitive credit card, at a time when the consumer credit market – personal loans, credit cards and car finance – is facing scrutiny from the Bank of England.
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Currencies in USD
GBP 1,36 +0,590%
EUR 1,20 +0,418%
CHF 1,03 +0,388%
 Oil baron reveals drama behind biggest find in decades 55m Oil baron reveals drama behind biggest find in decades
It was one of the biggest finds in the shallow waters of the Gulf of Mexico for decades. And the strike couldn’t have come at a better time for Premier Oil.
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 Clydesdale faces £1bn claim over loan scandal 1h 3m Updated Clydesdale faces £1bn claim over loan scandal
Small businesses that say they were mis-sold loans by Clydesdale Bank are preparing to sue the lender for up to £1 billion.
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 Student entrepreneurs making money at university 1h 15m Student entrepreneurs making money at university
Finding a part-time job is a solution for many cash-poor students, but some are going further, turning to entrepreneurship to top up their loans.
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 RUTH SUNDERLAND: The truth Brexit camp cannot face 1h 29m Updated RUTH SUNDERLAND: The truth Brexit camp cannot face
The downgrading of the UK’s credit rating by Moody’s this week is a big blow for the hardline Brexiteers. Brexit is intensifying the pressures on the public finances.
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 Bombardier jobs at risk in dispute with rival Boeing 1h 56m Updated Bombardier jobs at risk in dispute with rival Boeing
Boeing is refusing to withdraw its claim that Canadian-owned Bombardier broke the law by selling aircraft at below cost price.
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Carlyle lights up race for tobacco giant P&H2h Carlyle lights up race for tobacco giant P&H
A buyout firm‎ is edging closer to a rescue deal for the tobacco supplier Palmer & Harvey (P&H) that would preserve thousands of jobs.
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 Return of dividend payment to net Tesco chief £860,000 2h Updated Return of dividend payment to net Tesco chief £860,000
City analysts told The Mail on Sunday they expect a payment of 1p a share. This will offer reassurance to investors, likely to see it as a symbolic step indicating that Lewis’s turnaround is working.
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Equifax FAQs: Answers to Questions of Potential Victims2h Equifax FAQs: Answers to Questions of Potential Victims
Two weeks after Equifax disclosed a breach that possibly exposed the personal data of 143 million Americans, potential victims still have many questions.
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 Weak sterling gives boost to Forte luxury hotels 2h Updated Weak sterling gives boost to Forte luxury hotels
Currency fluctuations boosted business at Sir Rocco Forte’s luxury hotel chain last year as the company continued to expand across Europe and Asia.
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 Growth in UK consumer borrowing through rises 2h Updated Growth in UK consumer borrowing through rises
Consumer borrowing grew at almost 10 per cent in August, official figures are expected to show on Friday.
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 Finsbury Foods prove you can have your cake and eat it 2h Finsbury Foods prove you can have your cake and eat it
The latest series of The Great British Bake Off is well under way but millions of people still just want to buy cakes and treats rather than spend hours in the kitchen making their own.
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Should U.S. Companies Be Required to Report Breaches?2h Should U.S. Companies Be Required to Report Breaches?
Companies like Equifax don’t like you knowing they’ve been hacked—but it would be better for consumers and businesses if they were quicker to report it.
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Brexit: Jeremy Corbyn urges caution on single market2h Updated Brexit: Jeremy Corbyn urges caution on single market
The Labour leader says staying a member could limit the government's powers to invest in industry.
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Uber seeks talks with London mayor to renew licence2h Uber seeks talks with London mayor to renew licence
The ride-hailing app firm's London chief suggests it is willing to make changes to keep operating.
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The Fed’s change of direction will only fuel America’s growing debt problem2h Updated The Fed’s change of direction will only fuel America’s growing debt problem
Despite GDP growth of 3%, the US economy is still built on consumer borrowing, and higher interest rates would force millions into dangerous debtThe moment was hugely significant and yet so heavily flagged that it passed without a tremor in the financial markets.
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AA has been a bit of a car crash - can it get back on the road?2h Updated AA has been a bit of a car crash - can it get back on the road?
Roadside assistance group stalled a little with the firing of its chairman, but still looks like a good runner The AA has been a bit of a car crash recently, and this week investors will be hoping for signs that it is getting back on the road. Over the summer the roadside recovery group fired executive chairman Bob Mackenzie for “gross misconduct” after an alleged altercation with another director. However Mackenzie’s son maintains his father left because of ill health.
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 Conjure up a magic mortgage by 2% or less 3h Updated Conjure up a magic mortgage by 2% or less
George Neill and his wife Janet saw their payments slashed when they remortgaged. Here are our five key steps to take before interest rates begin to rise.
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White Castle Brings Its Sliders to China3h White Castle Brings Its Sliders to China
The mini-burger chain is betting on China’s curiosity for Western food, rising beef consumption and a trend toward smaller portions to succeed there.
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 JEFF PRESTRIDGE: Is the customer always right? 3h Updated JEFF PRESTRIDGE: Is the customer always right?
Stellar customer service should be a goal all businesses strive to deliver. Treat a customer well and they are more likely to come back again. Simple business economics.
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German Manufacturers Play Defense Against Chinese Hackers3h German Manufacturers Play Defense Against Chinese Hackers
A wave of attacks by Chinese hackers on Germany’s cutting-edge manufacturers is raising alarm in Berlin and prompting the government to step in to defend the country’s competitive edge.
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 Aldi sales soar past £8billion for the first time 3h Aldi sales soar past £8billion for the first time
Sales at German discounter Aldi have soared past £8 billion for the first time after more than doubling in size in four years, the company is expected to reveal this week.
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 Aldi DOUBLES its takings in four years... 3h Updated Aldi DOUBLES its takings in four years...
Sales at German discounter Aldi have soared past £8 billion for the first time after more than doubling in size in four years, the company is expected to reveal this week.
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 Smart meters may need to be replaced if you swap supplier 3h Smart meters may need to be replaced if you swap supplier
So-called ‘smart’ energy meters are making it harder for people to switch to cheaper deals. Rod Hudsmith, pictured with his granddaughters, refuses to get one.
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Uber could stay on road if changes, says Labour4h Uber could stay on road if changes, says Labour
Uber could stay on the road if it met the "reasonable" demands set out by Transport for London, senior Labour frontbencher Diane Abbott has said.
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Brexit isn’t a new Black Wednesday. It’s far darker than that9h Brexit isn’t a new Black Wednesday. It’s far darker than that
This autumn marks the anniversaries of two notable economic humiliations. But they are as nothing to what might happen if we leave the EUThis is quite an anniversary year for great British economic disasters. Last weekend saw the 25th anniversary of the ignominious exit of the pound from the European exchange rate mechanism – “the first Brexit”, and, I still hope, the only one. Then this November will see the 50th anniversary of the dramatic 14% devaluation of the pound – an episode from which the Labour government of Harold Wilson never quite recovered, not least because Wilson made the mistake of proclaiming that “the pound in your pocket has not been devalued” – based on a brief by Treasury officials which was aimed at explaining that, from the point of view of the pocket or purse, it was only the price of imports that were going up, and spending on imports was only a small fraction of total household spending.
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People’s Trust fund aims for long-term and sustainable wealth creation9h People’s Trust fund aims for long-term and sustainable wealth creation
The fund will welcome investors with as little as £500 to put in, and promises returns of 7% a yearAn investment fund that promises to break the mould of City short-termism and aims to make gains of 7% a year is to open for small investors able to put in as little as £500. The People’s Trust, backed by Liberal Democrat leader Sir Vince Cable, is the brainchild of Daniel Godfrey, the former head of the Investment Association, which represents fund management groups. He left after some IA members were unhappy with his campaigning for lower charges and greater transparency.
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I cancelled Virgin Active membership but it kept on taking my money9h I cancelled Virgin Active membership but it kept on taking my money
I also realised belatedly that it had been overcharging me from the start
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Leeds building society makes rate promise9h Leeds building society makes rate promise
Minimum of 0.5% will be guaranteed on savings accounts from the end of OctoberBeleaguered savers have been given a small ray of hope in the current era of low interest rates after Leeds building society said it would guarantee a minimum of 0.5% on savings accounts. The society, the fifth largest in the UK, will raise the minimum rate it pays from 0.4% across Isas and non-Isa accounts from the end of October. The new rate is twice the Bank of England base rate. The move comes at a grim time for those with savings accounts – the last time the Bank raised interest rates was in July 2007.
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Trump’s Comments on N.F.L. and Stephen Curry Draw Intense Reaction12h Trump’s Comments on N.F.L. and Stephen Curry Draw Intense Reaction
After the president took aim at N.F.L. players and the N.B.A. star Stephen Curry, athletes and celebrities reacted on Twitter with strong words.
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Missing marvel 15h Missing marvel
Tim Harford chose 50 essential inventions that shaped the modern economy, but what should be the 51st?
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Leading the Legal War Against Fox16h Updated Leading the Legal War Against Fox
So far this year, the lawyer Douglas Wigdor, a conservative Republican, has filed 11 suits against Fox News for defamation, sexual harassment and racial discrimination.
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 Steins Cornish restaurant earns £240k dividend 16h Steins Cornish restaurant earns £240k dividend
It was a family affair as chef Rick Stein, his business partner and ex-wife Jill and their three sons shared a £240,000 dividend last year.
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 From Lego movies to ice cream, meet the business students 17h From Lego movies to ice cream, meet the business students
As freshers  are introduced to the joys of being a student, the biggest fear hanging over them is unlikely to be academic under performance, making friends, overindulginG
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 Finsbury Foods prove you can have your cake and eat it... 17h Finsbury Foods prove you can have your cake and eat it...
The latest series of The Great British Bake Off is well under way but millions of people still just want to buy cakes and treats rather than spend hours in the kitchen making their own.
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 Chinese equity fund take bite of the UK firm Apple ditched 18h Chinese equity fund take bite of the UK firm Apple ditched
Microchip maker Imagine Technologies has agreed a sale to China-backed private equity firm Canyon Bridge for £550 million.
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Facebook Drops Stock Move That Would Have Solidified Zuckerberg’s Control20h Facebook Drops Stock Move That Would Have Solidified Zuckerberg’s Control
The social network’s board withdrew a stock reclassification proposal after a shareholder suit that would have put Mr. Zuckerberg in a courtroom.
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One Surprise Standout for Uber: Food Delivery20h Updated One Surprise Standout for Uber: Food Delivery
Despite a late start, the company’s foray into delivering food, a cutthroat $100 billion-plus service industry, eclipses ride hailing in some markets.
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Push for Gender Equality in Tech? Some Men Say It’s Gone Too Far20h Updated Push for Gender Equality in Tech? Some Men Say It’s Gone Too Far
After revelations of harassment and bias in Silicon Valley, a backlash is growing against the women in tech movement. “It’s a witch hunt,” they say.
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Facebook Abandons Plans to Change Share Structure, Avoiding Lawsuit22h Updated Facebook Abandons Plans to Change Share Structure, Avoiding Lawsuit
Facebook abandoned a plan to change its stock structure that would have given Mark Zuckerberg more control, the latest in a string of reversals by the social-media giant.
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Yellen and Cohn Said to Be on Shortlist for New Head of the Fed22h Yellen and Cohn Said to Be on Shortlist for New Head of the Fed
Less than five months before Janet Yellen’s term as Fed chairwoman expires, she’s being considered for a second term. But so are several others.
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As Equifax Amassed Ever More Data, Safety Was a Sales Pitch24h As Equifax Amassed Ever More Data, Safety Was a Sales Pitch
The data breach highlighted just how entrenched the credit bureau is in the lives of Americans, and consumers’ lack of control over their personal information.
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Transport chaos looms as rail unions widen strikes over driverless trains24h Transport chaos looms as rail unions widen strikes over driverless trains
Carefully planned walkouts will cause commuter misery next month, as the government and train operators try to save moneyPity British commuters this autumn. In southern England, Merseyside, East Anglia and the east coast main line they will face a wave of disruption after strikes were announced for Tuesday 3 October and Thursday 5 October. London Underground will also face disruption on the later date. Privately, the rail workers’ union, the RMT, and drivers’ union Aslef believe they can win improved pay and conditions for their members and ensure the safety of the travelling public as rail firms attempt to introduce trains without guards.
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The Not-So-Glossy Future of Magazines24h The Not-So-Glossy Future of Magazines
A spate of departures by celebrity editors suggests that the romance of the industry has faded, as magazines grasp for new revenue streams.
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 Facebook nixes plan for new stock class ahead of trial 25h Facebook nixes plan for new stock class ahead of trial
Mark Zuckerberg said Friday that Facebook is withdrawing plans to create a new class of stock that would have let him keep tight reins on the company even as he sold down his stake.
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 RAY MASSEY: Citroen C3 Aircross.. a classic in the making? 25h Updated RAY MASSEY: Citroen C3 Aircross.. a classic in the making?
It's a fun, practical but quirky, family-oriented, small SUV that is tastefully furnished inside and out. It stands out from the crowd and is on sale now from £13,995 to £19,720, with deliveries from November.
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Deliveroo to devour £225m from US fund giants26h Deliveroo to devour £225m from US fund giants
Deliveroo, the restaurant delivery app that is one of the most prominent members of Britain's 'gig economy', has snapped up more than £225m in new funding from two US-headquartered fund management giants.
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Uber petition over London licence loss reaches 500,00027h Uber petition over London licence loss reaches 500,000
An online petition was launched by Uber after it was announced it would lose its London licence.
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How to Survive the Apocalypse27h How to Survive the Apocalypse
Amid natural disasters, terrorist attacks and going nuclear over North Korea, it is not just camouflage-clad cave dwellers who are prepping for doomsday.
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Uber petition over London licence loss reaches nearly 500,00028h Uber petition over London licence loss reaches nearly 500,000
An online petition was launched after it was announced Uber would lose its London licence.
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Chinese group blocked by Trump announces UK chip-maker buyout29h Chinese group blocked by Trump announces UK chip-maker buyout
Canyon Bridge to make £550m all-cash offer for Imagination, whose graphics chips have been used in Apple’s iPhone A Chinese group that was stopped by Donald Trump from buying a US chip-maker last week has announced a £550m takeover of British chip designer Imagination Technologies. Canyon Bridge Capital Partners’ all-cash offer for Imagination showed the buyout fund remained focused on investing in western chip-makers after its $1.3bn (£960m) deal to buy Lattice Semiconductor was blocked over US national security concerns.
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 Marks & Spencer launches online devilvery service 30h Marks & Spencer launches online devilvery service
Trials are under way in Camden, north London, and in Woodley near Reading. Customers in a three-mile radius of the stores can order food to arrive within one hour.
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 SHARE PUNT OF THE WEEK: IG Design Group 30h Updated SHARE PUNT OF THE WEEK: IG Design Group
The company, which changed its name from International Greetings last year, is the world’s biggest seller of Christmas crackers, producing 71m a year.
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Deals in Code, Arrests in Raids: The Risky Stakes of Oil Middlemen30h Deals in Code, Arrests in Raids: The Risky Stakes of Oil Middlemen
A go-to agent in a lucrative industry that depends on global connections speaks up about allegations that it earned millions through graft.
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The Inside Story of Donatella Versace’s Homage to Gianni: Classic Prints and Your Favorite ’90s Supermodels30h Updated The Inside Story of Donatella Versace’s Homage to Gianni: Classic Prints and Your Favorite ’90s Supermodels
Twenty years after her brother’s murder, the designer produces a tribute show including Cindy Crawford, Claudia Schiffer, Helena Christensen, Naomi Campbell and Carla Bruni. Plus, a tease about what’s next.
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How this family shop lasted 150 years31h How this family shop lasted 150 years
The secrets of a hardware store which opened in 1867 and is still going strong.
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 Where to invest when interest rates finally rise 31h Updated Where to invest when interest rates finally rise
After letting UK interest rates languish at record lows for the best part of a decade, the Bank of England is now expected to increase them twice in the next year.
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 How to make the most of your money with some common sense 31h How to make the most of your money with some common sense
There are plenty of ideas and guidance provided for novice investors which typically revolve around standard rules, all of which are reasonable tips and not just for when you’re starting out
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 BIG SHOT OF THE WEEK: Drax boss Dorothy Thompson 32h Updated BIG SHOT OF THE WEEK: Drax boss Dorothy Thompson
Dorothy Thompson is Drax's no-nonsense chief exec. Stern and almost unnervingly direct. Unlike her contemporaries in the energy sector, she's not one for corporate jargon or management speak.
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Uber petition over London licence loss reaches 400k32h Uber petition over London licence loss reaches 400k
An online petition was launched after it was announced Uber would lose its London licence.
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Hundreds of thousands sign petition over Uber London licence loss33h Updated Hundreds of thousands sign petition over Uber London licence loss
An online petition already has 400,000 names after it was announced Uber would lose its London licence.
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The £230-a-year marriage allowance you could be missing out on33h The £230-a-year marriage allowance you could be missing out on
The tax allowance came into effect in April 2015 and so far £1.3bn hasn’t been claimed – but applying online is easyIs there £662 out there with your name on it? Two million couples have failed to claim their share of £1.3bn of marriage allowance cash, it has emerged. Yet getting hold of this money – much of which would be sent to you in the form of a cheque – is simple and takes just a few minutes, so every couple should check whether they might be eligible. That’s the message from the former pensions minister Steve Webb, who says: “Given the pressure on household finances at the moment, it’s vital that people claim the money that is theirs to be had.”
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The foolproof way you can stop ID fraud33h The foolproof way you can stop ID fraud
Former GCHQ worker Jamie Jamieson has put a ‘notice of correction’ on his credit file requiring a thumbprint for all credit applicationsIdentity theft has reached epidemic levels, but a retired GCHQ worker has taken matters into his own hands, literally, with what he claims is a foolproof way of beating fraudsters. Jamie Jamieson uses his thumbprint to protect himself from ID thieves and suggests anyone worried about falling victim to this crime should follow his example. His system costs nothing and is low-tech; it has also received a partial endorsement from one of the UK’s leading experts on credit reporting.
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You hate Ryanair – but you will fly it again33h You hate Ryanair – but you will fly it again
The recent flights fiasco has upset travellers, but low prices mean they will keep on coming backHere are just a few of the hashtags that sprouted up on Twitter as Ryanair’s flights fiasco exploded on the internet: #BoycottRyanair, #ryanairareshit, #IhateRyanair, #RyanairAreRubbish, #RyanairNightmare, #1stflightonRyanairneveragain, #RyanairFails, #goodbyeRyanair. I could probably fill this whole column with variations on the theme. But you won’t say goodbye to Ryanair. You’ll fly it again – and the airline’s boss, Michael O’Leary, knows it. I was at his hastily arranged press conference in Dublin on Monday and, amid the multiple apologies, contrition and mea culpas, one statement revealed all you need to know. Asked if devastated customers would stop buying tickets in future, O’Leary almost choked. “Our booking engine is full of passengers who have sworn they will never fly with us again,” he proclaimed. He didn’t even think the current debacle ranked particularly highly among past cock-ups by the airline, although later in the week he may have changed his mind on that.
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Direct Line, why has my home insurance gone up by 442% in one year?33h Direct Line, why has my home insurance gone up by 442% in one year?
The firm’s new tool for assessing flood risk could see home premiums soar, as one reader with a £1,000 policy discoveredWhen Paul Barlow from south London opened his latest home insurance renewal quote from Direct Line, he was staggered by the increase in the premium. The year before the insurer had charged just £189 for his property: a ground-floor, two-bed flat he rents out in Bermondsey, near Tower Bridge. But this year it wanted £1,025 – an increase of 442%. When he rang, thinking it must be some sort of mistake, the representative said he was lucky because if he had been a new customer the insurer would have turned him down entirely. Barlow’s home is not in some hell-hole location where burglary is rife; he has not been making large claims for subsidence or other matters that usually make insurers hike premiums. What Barlow has fallen victim to is a new flood-mapping tool used by Direct Line called geospatial analysis, which attempts to assess flood risk with pinpoint accuracy and could see huge premium increases for thousands of other homes, not just in the capital but all over the UK.
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Wealth Matters: For an Investment That Sparkles, Consider Tiffany or Cartier35h Updated Wealth Matters: For an Investment That Sparkles, Consider Tiffany or Cartier
Jewelry with the most investment potential has a level of craftsmanship plus scarcity that makes it stand out from other baubles.
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