PERSONAL FINANCE
15:14
Younger generation suffering from growing debts, FCA head says
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The Financial Conduct Authority has said that young people are increasingly having to borrow money in order to cover basic living costs.

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11:37
Spending falls in pubs and restaurants as consumers stay home
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Pubs, bars and restaurants last month endured their biggest sales fall in a year, with London restaurants hardest hit in an industry facing a squeezed consumer and rising costs.

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10:24
UK house prices up 1.1% in October - Rightmove
London houses

House prices in England and Wales rose 1. 1% in October - or £3,432 - following a 1. 2% decline in September, according to the latest data from Rightmove.

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10:11
May heads to Brussels for crunch Brexit dinner
Theresa May

PM Theresa May will travel to Brussels on Monday to attempt to break the Brexit deadlock between negotiating teams from the UK and the EU.

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13 Oct
TfL's open data boosts London economy by £130m a year
London bus

Transport for London’s provision of free, real-time open data is helping the capital’s economy by up to £130m a year, according to new data released on Friday.

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13 Oct
Treasury select committee demands FCA reveal findings of RBS-GRG report
FCA

Nicky Morgan, chairperson of the Treasury select committee warned the Financial Conduct Authority (FCA) that it would invoke rarely-used powers to compel the regulator into disclosing the details of its report on the Royal Bank of Scotland's treatment of customers.

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13 Oct
City regulator met Saudi Aramco before unveiling new IPO rules

The City's chief watchdog, Andrew Bailey, revealed on Friday that he met with Saudi Aramco early this year to tell the oil giant about plans to change listing rules that could allow it to float in London.

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13 Oct
China trade data shows economy still expanding, commodities stocks lifted
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China's exports and imports continue to strengthened, trade data showed overnight, giving a boost to commodities stocks around the globe.

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12 Oct
Bitcoin soars to all-time high despite claims of a bubble
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Bitcoin soared past the $5,000 threshold on Thursday to hit a record high, having started 2017 at $966.

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12 Oct
Ofgem energy price cap could last through 2023
meter, energy

Downing Street's plan to freeze the cost of power to almost two-thirds of British households could potentially see energy regulator Ofgem cap standard variable tariffs to around 18m accounts until 2023.

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12 Oct
UK housing market varying widely by region - RICS
housing, construction, building

The latest survey from the Royal Institute of Chartered Surveyors showed the UK housing market continued to lack momentum in September as demand from new buyers and sales fell again and the shift in interest rate expectations contributed caution in a slowing market.

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12 Oct
Brexit talks hit 'deadlock' over divorce bill, EU's Barnier says
michel-barnier-commissaire-europeen

The European Union's chief Brexit negotiator says talks with Britain have reached "deadlock" over the divorce bill but "decisive progress" could be made by Christmas.

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12 Oct
National Living Wage cuts number of low-paid workers by 300,000
osborne, chancellor

More than 300,000 low-paid Britons were given an added boost to their pay packets after former chancellor George Osborne's National Living Wage (NLW) scheme coalesced into the biggest year-on-year fall in low pay since 1977.

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12 Oct
UK lenders see sharp tightening of consumer credit in coming months
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UK consumer credit growth is slowing and lenders expect the biggest decline in consumer credit availability since the financial crisis in the last three months of the year, a Bank of England survey revealed on Thursday.

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12 Oct
Eurozone industrial production rises more than expected in August
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Eurozone industrial production rose more than expected in August, according to data released by Eurostat on Thursday.

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11 Oct
'Significantly higher' taxes rich would cut inequality without hindering growth, says IMF
fmi sede imf

In its half-yearly fiscal monitor, the International Monetary Fund (IMF) called for countries around the world to implement policies aimed at reducing inequality, and to seriously consider tax policies and transfers that would hopefully lead to a more even distribution of wealth without damaging growth potential.

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11 Oct
Hard Irish border inevitable post-Brexit, MPs told
england ireland great britain

A post-Brexit hard border between Northern Ireland and the Republic of Ireland is unavoidable if the UK leaves the customs union, a senior economist has told MPs.

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11 Oct
Hammond prepared for breakdown in Brexit talks, refuses to release funds
hammond philip chancellor

UK Chancellor Philip Hammond has echoed sentiments that the government is preparing for a no-deal conclusion to Brexit negotiations, but will not make funds available for such contingency plans.

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11 Oct
One million Brits to be protected by safeguard energy tariff
Money coins pound

One million British households are set to save an average of £120 a year on their energy bills, Ofgem announced on Wednesday, as it confirmed an extension to its prepayment safeguard tariff for “more vulnerable people” this coming winter.

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10 Oct
CMA to assess Murdochs' potential influence on Sky takeover bid
murdoch

The Competition and Markets Authority has announced it will assess Rupert Murdoch's ability to control or influence editorial decisions at Sky News as one of the key points of its investigation into 21st Century Fox's £11. 7bn Sky takeover bid.

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