Category Archives: Finance News

Pound US dollar exchange rate stumbles as EU demands Irish backstop alternative

Sterling surged at the end of last week amid speculation the two sides might be inching closer to a deal. But a deal remains elusive following a working lunch between British Prime Minister Boris Johnson and European commission president Jean-Claude Juncker in Luxembourg today. While Mr Johnson said he was “cautiously” optimistic going into the meeting, […]

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France slams Facebook cryptocurrency Libra – Wreck European ‘monetary sovereignty’

Libra is a blockchain digital currency planned to be launched in 2020. The social media giant plans to let its nearly two billion users to pay and send digital cash using Libra. M Le Maire has voiced his fears about Libra in the past, saying it is a “danger to consumers” and presents a “systemic risk”. […]

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Pound Euro exchange rate flat as Irish backstop left unresolved

The Commission stated the purpose of today’s meeting was to “take stock” and look to the “next steps”, adding: “President Juncker recalled that it is the UK’s responsibility to come forward with legally operational solutions that are compatible with the withdrawal agreement. “President Juncker underlined the Commission’s continued willingness and openness to examine whether such proposals […]

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PAPIER.COM: New investment for millennials’ stationery favourite funds US expansion

Founded in 2015 in London by chief executive Taymoor Atighetchi, the on-demand, lifestyle brand is forecasting a £15 million turnover this year thanks to its in-house collections along with design and fashion circle collaborations. These include more recent ones with Disney and House of Holland and expansion of other tie-ups with the likes of the Victoria […]

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Will Universal Credit be scrapped under Labour? Talk of ‘medium-term’ plan, says source

Universal Credit is a payment which may be available to help with living costs, for those on a low income or who are out of work. The system is replacing six benefits, which are Child Tax Credit, Housing Benefit, Income Support, income-based Jobseeker’s Allowance (JSA), income-related Employment and Support Allowance (ESA), and Working Tax Credit. […]

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Unhappy energy customer within sight of his missing SOLARPLICITY credits

John Ingram struggled in vain for months, but at last it looks like light is starting to twinkle at the end of what’s become a very long tunnel for him. Some 43,000 residential customers of the struggling company were switched to Toto Energy by regulator Ofgem in July and then under its protection rules 7,500 transferred […]

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Retirement and me: Woman sees state pension ‘frozen’ – but sister still gets full amount

Monica Philip moved to England at the age of 20 back in 1959. She worked in the UK for 37 years as a public servant, including spending 15 years working at the Ministry of Defence. She also worked for the City of London Social Services. But, with her elderly mother having fallen ill, in 1996, […]

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