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ShareCast News - Press Round-Up

Tuesday newspaper round-up: Tax cuts, Monzo, FirstGroup, climate change

(Sharecast News) - Britain's foremost tax and spending thinktank has said that Boris Johnson's promise to cut taxes for millions of higher earners would cost 9bn and benefit the richest 10% of households in Britain most. The Institute for Fiscal Studies (IFS) said the proposal by the frontrunner in the Conservative leadership race was expensive and potentially incompatible with the Tories' promise to end austerity and safely manage the public finances. - Guardian
[25 Jun '19 07:33]

Monday newspaper round-up: Brexit, Aston Martin, mobile operators, RBS

(Sharecast News) - Most forms of Brexit will worsen the country's finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found. Academics at the UK in a Changing Europe thinktank found a positive outcome depended on politicians being able to move on from the Brexit impasse and focus on longer-term challenges including productivity, regional imbalances and democratic reform. - Guardian
[24 Jun '19 07:33]

Friday newspaper round-up: Monsoon Accessorize, Woodford, Slack, Facebook currency

(Sharecast News) - Monsoon Accessorize is asking landlords to reduce rents on more than half its 258 leased stores in return for a 10m share of profits and an 18m interest-free loan to keep the company afloat. The multi-millionaire owner, Peter Simon, has also promised to halve the 5m rent on the fashion business's London head office, which he owns, to help reduce costs. - Guardian
[21 Jun '19 07:25]

Wednesday newspaper round-up: Debt, tax havens, FCA, cyberattack

(Sharecast News) - People struggling with serious debt are to benefit from a new two-month "breathing space" during which they cannot be hassled by debt collectors and bailiffs, the government has said. During the 60-day period, those eligible will be protected from enforcement action from creditors, and will also see their interest, fees and charges frozen. - Guardian
[19 Jun '19 07:34]

Wednesday newspaper round-up: Second referendum, Boris Johnson, Federal Reserve

(Sharecast News) - Jeremy Corbyn will back a move today for Labour to change its Brexit policy and support a second referendum in all circumstances. The shadow cabinet is due to discuss the plan to make Labour's stance decisively pro-Remain. A paper drawn up by Andrew Fisher, Mr Corbyn's head of policy, recommends that Labour support a second referendum on any deal negotiated with Brussels. A senior Labour source confirmed that Mr Corbyn was endorsing the shift in policy, adding: "It is a moment." - The Times
[19 Jun '19 06:41]

Tuesday newspaper round-up: Gambling ombudsman, Heathrow, Nationwide, Saudi Aramco

(Sharecast News) - Labour would set up a new gambling ombudsman to protect consumers, deputy leader Tom Watson will say on Tuesday, citing a string of scandals that have raised concerns about "predatory" practices in the industry. In a speech at the thinktank Demos, Watson will unveil the latest plank of a plan to overhaul betting regulation via a new Gambling Act, following a party review published last year. - Guardian
[18 Jun '19 07:27]

Monday newspaper round-up: Brexit, climate crisis, UK aerospace

(Sharecast News) - Economic growth in Britain is expected to slow to the lowest levels since the financial crisis as firms run down Brexit stockpiles, according to a leading business lobby group. After a stockpiling rush this year that pumped up the rate of economic growth, the British Chambers of Commerce said growth would slow in 2020 and 2021. - Guardian
[17 Jun '19 07:23]

Friday newspaper round-up: No-deal Brexit preparations, Kier, Huawei

(Sharecast News) - Britain's businesses are being urged to step up their preparations for a no-deal Brexit amid signs that Theresa May's successor could be prepared to leave the EU without a deal at the end of October. The Institute of Directors - one of the UK's employers' groups - said its members had so far failed to take advantage of the seven-month delay to Brexit and warned that companies should not put faith in politicians to produce an agreement. - Guardian
[14 Jun '19 07:36]

Thursday newspaper round-up: Help-to-buy, fossil fuel, Woodford, Facebook

(Sharecast News) - More than half of people using the government's help-to-buy loan scheme could have purchased a home without support from the state, according to Whitehall's spending watchdog. In a critical report into the government's flagship scheme to help more people get on the property ladder, the National Audit Office said about three-fifths of buyers could have bought a home without the support. - Guardian
[13 Jun '19 07:30]

Wednesday newspaper round-up: Mobil, FTSE 100 bosses, Arcadia

(Sharecast News) - More than 5 million workers across Britain are in low-paid and insecure work, leaving families struggling to make ends meet, according to a campaign calling for more firms to offer guaranteed hours to their staff. According to research published by the Living Wage Foundation, workers in Wales, the north-east and West Midlands experience the highest rates of low-paid insecure work in the country. - Guardian
[12 Jun '19 07:25]

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