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Monday, July 17, 2017
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HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley 17 Jul 2:52pm HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley
Is spending £55.7bn on the high-speed railway really the best way to ‘rebalance the economy’ and deliver a ‘jobs bonanza’? ‘HS2 was always designed to be much more than just a high-speed railway and today we can see the opportunities it brings right around the country – spreading prosperity, acting as a catalyst for investment and rebalancing our economy 10 years before the railway even opens,” said David Higgins, chairman of the high-speed railway,
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Provident Personal Credit fined for sending 1m spam texts 17 Jul 2:11pm Provident Personal Credit fined for sending 1m spam texts
Information commissioner acts after consumers are bombarded with messages promoting firm’s Satsuma Loans A West Yorkshire credit company has been fined £80,000 by a government watchdog after bombarding consumers with nearly 1m nuisance texts in six months. Bradford-based Provident Personal Credit Ltd employed third-party companies to send 999,057 unsolicited text messages to promote personal loans for its brand Satsuma Loans.
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World stock markets hit record highs as Chinese GDP beats forecasts - business live 17 Jul 12:58pm Updated World stock markets hit record highs as Chinese GDP beats forecasts - business live
All the day’s economic and financial news, including reaction to China’s latest growth figures
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Stock markets hit record highs as Chinese GDP beats forecasts - business live 17 Jul 10:50am Updated Stock markets hit record highs as Chinese GDP beats forecasts - business live
All the day’s economic and financial news, including reaction to China’s latest growth figures
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UK students should not try to pay off loans early, research suggests 17 Jul 10:40am UK students should not try to pay off loans early, research suggests
Many graduates panic at rising interest rate but overpaying is ‘just throwing money away’, says money expert Martin Lewis Students should not try to pay off their loans early despite the controversial rise in interest rate to 6.1% in September, according to research by money expert Martin Lewis. Lewis says his moneysavingexpert.com site has been “swamped” by graduates terrified by new statements that show their debt spiralling in size after interest is added. He believes most graduates will never repay their debt.
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Barclays bank and former bosses to stand trial in January 2019 17 Jul 7:52am Updated Barclays bank and former bosses to stand trial in January 2019
Institution and four men, including former chief executive John Varley, charged with fraud linked to 2008 fundraising John Varley, the former boss of Barclays, will stand trial alongside three former colleagues and the bank itself in January 2019, Southwark crown court was told on Monday. Varley is charged along with Roger Jenkins, Tom Kalaris and Richard Boath over the way the bank raised billions of pounds from Qatar in 2008.
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HS2 contracts worth £6.6bn awarded by UK government 17 Jul 6:45am Updated HS2 contracts worth £6.6bn awarded by UK government
Contracts announced as transport secretary prepares to unveil changes to final Manchester and Leeds routes The government has awarded £6.6bn in contracts to build the new high-speed railway between London and Birmingham, to companies including crisis-ridden construction firm Carillion. Construction work is due to begin in earnest next year on new stations, tunnels, embankments and viaducts on the London to Birmingham line, which forms the first phase of
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Will Mark Carney show sense and sensibility at launch of Jane Austen £10 note? 17 Jul 5:42am Will Mark Carney show sense and sensibility at launch of Jane Austen £10 note?
Bank of England governor to take questions on author at launch event. There’s a lot of tenners in his generous pay package … Although he is a keen sportsman, Bank of England governor Mark Carney may be wise to take some time this weekend to brush up on the classics in advance of the unveiling of the new £10 note in Winchester cathedral on Tuesday. Jane Austen will be the face of the new polymer banknote, and we are told that the governor and other speakers will take questions on the author of
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Carolyn McCall to become ITV chief executive 17 Jul 4:43am Updated Carolyn McCall to become ITV chief executive
EasyJet boss to succeed Adam Crozier in early 2018, becoming broadcaster’s first female chief executive ITV has confirmed the appointment of Carolyn McCall as its first female chief executive. McCall joins ITV from easyJet, where she has been chief executive for seven years. She was also chief executive of the Guardian Media Group (GMG), publisher of the Guardian and Observer.
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UK business confidence at lowest point for six years, say forecasters 17 Jul 2:03am Updated UK business confidence at lowest point for six years, say forecasters
Britain’s economic growth will continue to weaken in 2017, as Brexit-related anxiety and domestic political uncertainty continue The UK needs to prepare itself for weaker economic performance, two major forecasting groups have said, in the latest studies predicting the downsides of the Brexit vote.
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Investors received record-breaking dividends in 2017, research shows 17 Jul 2:01am Investors received record-breaking dividends in 2017, research shows
Shareholders in companies on London’s main market received £33.3bn during second quarter, up 14.5% year on year Investors are enjoying a stellar 2017, with rising share prices being supplemented by record-breaking dividend payments, new research shows. Shareholders in companies listed on London’s main market received £33.3bn in payments during the second quarter of this year, up 14.5% year on year, according to the latest analysis by Capita, a services company.
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How credit score agencies have the power to make or break lives 17 Jul 2:00am How credit score agencies have the power to make or break lives
Defaults on a file often mean lenders will say no – to anything from a mortgage to a mobile phone contract. So what can you do? Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was turned down because he failed a credit check. When he investigated, he discovered that his bank, Lloyds, had registered a defaulted payment on his credit record and, as a result, his credit score – which lenders use to assess a customer’s credit worthiness – had plummeted. The default, he says, was due to a banking error because Lloyds had failed to process his request to cancel a direct debit, plunging his account into the red. “When I complained, Lloyds promised to remove the default,” he says. “But although it was removed by the credit reference firms Experian and CallCredit, it was not removed by Equifax.”
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What can I do to spark EDF Energy into giving me my cash back? 17 Jul 2:00am What can I do to spark EDF Energy into giving me my cash back?
The meter readings show I am owed £1,306 but I’ve been refunded just a quarter of that
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The man who won a landmark legal battle for same-sex pension rights 17 Jul 2:00am The man who won a landmark legal battle for same-sex pension rights
John Walker fought for 11 years to make sure his husband will be provided for in the same way that a wife would be John Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle. After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement.
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