Key Quotes - Money

Key Quotes - Money

A world perspective in bite-size chunks
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Last update: Sunday 22nd September
 
UK Food prices have reached their highest rate of inflation in more than five years following the effect of last year’s extreme weather and global cereal cost increases.
MoneyThe Sentinel, 3 April 2019
 
The more peaceful a country is, the more its economy will grow and businesses prosper, a new report argues. Business and Peace Report is published by the Institute for Economics and Peace (IEP), a think tank that measures the impact of conflict, says, over the past 60 years, GDP growth has been three times higher in the most peaceful countries than in those experiencing violence and instability.
MoneyChurch Times, 21 June 2019
 
Holidaymakers were fleeced out of more than £7 million by fraudsters last year, new figures show. The amount of money stolen represents an increase from £6.7 million in 2017. More than half (53%) of the crimes related to the sale of airline tickets, with scammers particularly targeting people visiting family and friends in Africa and the Indian subcontinent.
MoneyThe Sentinel, 7 May 2019
 
A quarter of investors are stuck with assets they want to sell but cannot easily get rid of, research shows. Unlisted shares are the most commonly held of these “illiquid” assets, followed by debt investments such as loans. Other investors have holdings in digital currencies such as Bitcoin or investments in art, classic cars, motorcycles, boats or yachts.
MoneyThe Telegraph
 
Car insurance premiums are due to rise by up to £75 a year after the Government changed the rules on how much insurers must pay victims of serious crashes.Insurers are likely to pass these higher costs on to consumers following Lord Chancellor David Gauke's decision to change the Ogden rate, or discount rate, from -0.75pc to -0.25pc.
MoneyThe Telegraph
 
Senior doctors in the NHS are reducing their hours, turning down extra work and even retiring early to avoid being hit with huge tax bills on their pensions, a report reveals.Nearly 20% of consultants have cut the number of hours they work and 42% have reduced the amount of extra shifts they do, faced with the threat of receiving bills that can top £50,000 in a year, according to the research commissioned by NHS Employers.
MoneyThe Guardian
 
Developing countries’ debt payments increased by 85 per cent between 2010 and 2018, new data from the Jubilee Debt Campaign, published last week, shows. The average government external-debt payments across the 124 developing countries for which data was available had increased as a percentage of government revenue from 6.6 in 2010 to 12.2 in 2018, the campaign said.
MoneyChurch Times
 
Motor insurers are typically paying out more than £1 million a day following a “worrying” surge in vehicle thefts – including keyless car crime. One new vehicle theft claim is now being made every six minutes on average, the Association of British Insurers said.
MoneyThe Sentinel, 28th March 2019
 
The number of children living in poverty has remained at more than four million while household incomes “stagnated” last year, figures reveal. Data from the Department for Work and Pensions showed that 4.1 million children in the UK were classed as living in a relative low-income household after housing costs in the past year, unchanged from the previous 12 months.
MoneyThe Sentinel, 29th March 2019
 
Developing countries’ debt payments increased by 85 per cent between 2010 and 2018, new data from the Jubilee Debt Campaign, published last week, shows. The average government external-debt payments across the 124 developing countries for which data was available had increased as a percentage of government revenue from 6.6 in 2010 to 12.2 in 2018, the campaign said.
MoneyChurch Times, 12th April 2019
 
Householders who sign up to combined TV and broadband packages are being hit with loyalty penalties of up to almost £700 a year, a consumer watchdog has warned.

MoneyThe Sentinel, 11 January 2019
 
Inflation has fallen to its lowest level in two years and within a whisker of the Bank of England’s target due to a drop in petrol prices and air fares.
MoneyThe Sentinel, 17 January 2019
 
Millions of Britons, many of them pensioners, could be left struggling to pay for essentials in a "cashless landscape", a report warns. Cash machines vanished at a rate of 488 a month from June to December 2018, according to figures obtained by consumer campaigner Which?
MoneyThe Express 12th February 2019
 
New rules around gambling advertising do not go far enough, according to campaigners.
Under the updated standards, gambling companies will no longer be allowed to use celebs, sports stars or cartoon characters to attract young people to bet. The Committees for Advertising Practice (CAP) said the new rules were about protecting children from irresponsible advertising.
MoneyCARE 13th February 2019
 
Nearly two thirds of the UK’s bank branch network has been lost over the past 30 years, analysis from Which? suggests…19% of people now live more than two miles from their nearest branch as the crow flies, while 8% have to travel more than three miles.
MoneyThe Sentinel – 16th November 2018
 
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