How does Brexit affect the pound?

Exporters, such as carmakers, are importers themselves, buying in raw materials such as oil or copper. While Britons living abroad but drawing a UK pension have suffered as the pound has declined. Why does the pound move? Since 1992, the pound has floated freely on currency markets, meaning that traders – buyers and sellers – determine what it’s worth. When the pound rises in value, more of the currency is being bought. When it goes down, more is sold. “If that’s the worst case scenario, it [the pound] will rally if hard Brexit seems unlikely.” Similarly, talk of putting Brexit on hold has boosted the pound, as it gives businesses more room to plan, she says. A softer Brexit could …

‘Hugely heavy’ hippo sculpture stolen

‘Hard to sell’ Rural crime taskforce PC Nick Lingham said: “The hippo is extremely heavy and in the past it has taken five people to lift it.” “It is clear those responsible would have needed a large vehicle such as a flatbed truck and may have also needed to lift it by mechanical means. “It is a hugely distinctive object and it is unlikely the offenders will find it that easy to sell on as scrap or to a collector.” On its website, Chilstone is described as a maker of “bespoke” garden ornaments which boasts Royal Palaces and National Trust properties as customers.

Quiz caught in fashion downturn

After the announcement its shares slumped by 33% in London trading. Shops saw ‘worst Christmas in a decade’ Sales slide at Debenhams and M&S Fashion price-cutting hits Asos profits The profit warning comes despite reports that its revenues are growing. The group said that Christmas trading – between 25 November 2018 and 5 January – saw revenues rise 8.4%. The group’s online revenue jumped by 34.1% during the period. Founder and chief executive Mr Ramzan said: “Against the backdrop of challenging trading conditions over recent months, Quiz has delivered further revenue growth over the Christmas period driven by the performance of our own websites. “ But he said the growth and the margin achieved had “been below our initial expectations”. …

Guardian switches to potato starch wrapping

The packaging, produced by environmental manufacturer Ecover, has a silky feel and is not entirely transparent like plastic. The company has received the composting seal of approval from OK Compost Home, which certifies products. Recycled packaging ‘may end up in landfill’ Why are 99.75% of coffee cups not recycled? Why 12 is the magic number when it comes to composting The Guardian said the wrap was suitable for domestic composting and designed to “completely compost within six months in a well-maintained compost heap or food waste bin”. Reaction on social media has been mainly positive, although some readers were unsure whether their local authority would allow it in their food waste bin and whether it would ever fully break down. …

PM faces confidence vote after huge defeat

At Wednesday’s PMQs the prime minister said again that she would listen to “the views of the House” in order to “identify what could command the support of this House”. Brexit Live: Reaction to May’s defeat How did your MP vote? Pound regains ground after Brexit vote Pregnant MP reignites proxy voting debate Reality Check: Does Brussels blink? Dublin steps up Brexit no-deal plans “There are actually two ways of avoiding no deal,” Mrs May told MPs. “The first is to agree a deal. The second to revoke Article 50 – that would mean staying in the European Union, failing to respect the result of the referendum, and that is something that this government would not do.” But Labour Leader …

Electric cars idea to keep Ford jobs

“However, what they do know is that they have got a willing partner within Welsh Government. “Welsh Government has traditionally invested a heck of a lot within the Ford plant and if we need to invest again, I know the Welsh Government will want to.” He called on the company to work with the Welsh Government to look at new production lines and make electric and battery-powered cars. Related Topics Bridgend Ford Wales Business Original Article : HERE ; This post was curated & posted using : RealSpecific

How is Dublin preparing for a possible no-deal Brexit?

Politicians here refer to that option as a “hard” Brexit. What does Ireland do if there’s no deal? All you need to know about the UK leaving the EU Brexit: Your simple guide to the UK leaving the EU The International Monetary Fund forecasts that Ireland’s economic growth would take a 4% hit “in the long run” if there is a “cliff-edge” break with the EU, because of the highly integrated nature of the Irish and UK economies. And the independent Dublin-based think tank The Economic and Social Research Institute estimates that a “hard” Brexit could cost households up to €1,400 (£1,260) a year, because of a potential increase in food prices and possible trade tariffs. Image copyright Getty Images …

Sellers evicted from Amazon and eBay

The new rules were introduced in 2016, but the crackdown has been stepped up in the last year. The tax authority said that it had recouped about £200m in VAT after sellers have registered to pay VAT following an alert, officially called a Joint and Several Liability notice. Since 2016, the number of applications for VAT registration rose to 58,000 compared with 1,650 applications between 2015 and 2016. “These figures show that HMRC, working closely with the major online marketplaces, is making real headway tackling this serious and damaging evasion,” said Mel Stride, financial secretary to the Treasury. Criticism Last year, a report by the Public Accounts Committee of MPs said that up to £1.5bn has been lost from third-party …

Stella & Dot ‘to exit European market’

Skip Twitter post by @LoveOnlineStyle Thoughts on 1000’s of UK woman losing their businesses and/or second incomes as Stella & Dot withdraw trading from Europe? @jeremycorbyn @theresa_may#peoplesvote #brexit to late for a #2ndReferendum #stopbrexit #nodeal #mondaymotivation pic.twitter.com/mxlu7eY1o0 — LoveOnlineStyle (@LoveOnlineStyle) January 7, 2019 Related Topics Retailing Companies Original Article : HERE ; This post was curated & posted using : RealSpecific

Grieve: Delay Brexit if deal is rejected

Media playback is unsupported on your device Media caption‘I hope the prime minister will listen’ Conservative rebel Dominic Grieve has urged the prime minister to delay Brexit if her EU withdrawal deal is rejected by MPs next week. Mr Grieve, who backs calls for another referendum, said she could remove the 29 March date from UK legislation and ask the EU for more time. Cabinet ministers who oppose leaving the EU without a deal had a “duty to resign” if she refused to do so. Ministers warn the UK faces Brexit “paralysis” if the deal is rejected. And the prime minister’s spokesman said on Friday that the government wouldn’t extend Article 50, the legal mechanism taking Britain out of the …

Pension cold-calling ban takes effect

The government has faced criticism over the time taken to introduce the ban, which was first announced nearly two years ago. How do the fraudsters operate? Pension scams start with an unexpected call, text, social media approach or email – offering a free pension review, or a way to make attractive returns on pension savings. But the money may be simply stolen or transferred into a high-risk scheme completely inappropriate for retirement savings. Many offer eye-catching returns or high-rolling investments in hotels or green energy schemes that never materialise, or instead lead to losses. Research by the City regulator, the Financial Conduct Authority (FCA), found that pension scam victims lose an average of £91,000 each. In August, Jennifer Ringstead told …

Briton ‘must not be used as diplomatic pawn’

Who is Paul Whelan? Mr Whelan was born in Canada to British parents and moved to the US as a child. He now lives in Michigan and is director of global security for automotive components supplier BorgWarner. He has been visiting Russia for business and pleasure for more than a decade, his brother said. His twin David said he had been told his brother was fine and looking healthy, after US ambassador to Russia Jon Huntsman visited him this week. In a statement, David said: “Our focus remains on ensuring that Paul is safe, well treated, has a good lawyer, and is coming home. “We urge the US Congress and the state department to help on Paul’s behalf to secure …

Thousands complain about TV licence scam

Action Fraud said it received 5,057 complaints about such emails between 1 October and the end of December. Would you fall for a scam email? Students hit by wave of fake refund emails Elderly ‘under siege’ from scammers While the emails themselves might vary slightly in their wording, all of the links direct through to the same website. The fake TV Licensing website asks victims to provide their payment details, including their account number, sort code, and card verification value (CVV) code on the back of their card. The website may also ask for a victim’s name, date of birth, address, phone number, email and possibly even their mother’s maiden name. Action Fraud said it was working to “stop fraudsters …