Category Archives: Money

Uncovered: the £200m theme park, the businessman – and the missing millions

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A Guardian/ITV News undercover investigation raises concerns about Gavin Woodhouse, who is behind project endorsed by Bear Grylls

A new £200m outdoor adventure park, which is being launched with the support of the celebrity adventurer Bear Grylls, is being fronted by a financier who has raised millions of pounds from private investors and whose businesses have a multimillion-pound “black hole”.

Related: How Gavin Woodhouse raised millions for a string of stalled projects

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Germans thirsty for alcohol-free beer as brewers boost taste

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Rise in bars stocking 0% beers to meet demand of drinkers who wish to ditch the hangover

During last year’s sweltering summer in Europe, workers of the Störtebeker beer brewery stood at the doors of the bottle depot eagerly awaiting the empty returns so they could be washed and refilled as quickly as possible. A bottle shortage swept the country due to the rate at which beer was being consumed to quench the overheated nation’s thirst.

But it wasn’t the demand for their classic range of beers that surprised the brewery bosses most, rather the rate at which its alcohol-free varieties were being drunk.

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Venezuela: hyperinflation leads to new banknotes for second time in a year

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Banknotes of 10,000, 20,000 and 50,000 bolívar denominations will begin circulating on Thursday, the central bank said

Venezuela is releasing new banknotes for the second time in less than a year, the central bank said on Wednesday, after hyperinflation eroded the effects of an August 2018 monetary overhaul meant to improve availability of cash.

Venezuela’s president, Nicolás Maduro, last year cut five zeroes off the currency and prices. The move was supposed to ease shortages of cash that pushed most of the economy toward debit and credit card operations and put heavy strain on digital commerce platforms.

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Why London’s not such a capital place to live | Letter

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Figures that appear to show Londoners are significantly better off than people in other parts of Britain don’t tell the whole story, says Maggie Kemmner

The article (Big regional gaps revealed in disposable incomes across UK, 23 May) is very misleading. It makes no allowances for the increased housing costs most Londoners face.

In February 2019, Londoners spent the biggest proportion of their income on rent as compared to other areas of the UK; more than one third of a household’s income. The average monthly rental was £1,599 as compared to a £940 UK average. Over a year, this amounts to £7,908 extra housing costs: which pretty much wipes out the “extra money” that Londoners have to spend post-tax as compared to the UK average. This data is from statistica.com.

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How Stockholm became the city of work-life balance

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With flexible hours the norm, and almost two years’ parental leave for every child, Sweden’s capital boasts a happy and efficient workforce. What can other cities learn?

It is 3.30pm, and the first workers begin to trickle out of the curved glass headquarters of the Stockholm IT giant Ericsson.

John Langared, a 30-year-old programmer, is hurrying to pick up his daughter from school. He has her at home every other week, so tends to alternate short hours one week with long hours the next.

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Half of England is owned by less than 1% of the population

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Research by author reveals corporations and aristocrats are the biggest landowners

Half of England is owned by less than 1% of its population, according to new data shared with the Guardian that seeks to penetrate the secrecy that has traditionally surrounded land ownership.

The findings, described as “astonishingly unequal”, suggest that about 25,000 landowners – typically members of the aristocracy and corporations – have control of half of the country.

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Mastercard ruling: almost every UK adult could receive payout

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Lawsuit could benefit 46 million people even if they have never owned the credit card

Almost every adult in the UK could receive a payout of up to £300 from Mastercard after a court ruling paved the way for a £14bn class action lawsuit.

The legal action taken by former financial ombudsman Walter Merricks claims that 46 million UK consumers paid higher prices in shops over a 16-year period because of allegedly excessive transaction fees charged by Mastercard.

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Pay rise for nearly 2 million as UK living wage goes up by 4.9%

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Legal adult minimum of £8.21 an hour still leaves millions struggling, say campaigners

Almost 2 million workers in the UK are in line for a pay rise on Monday as the legal minimum wage increases by nearly 5%.

Adults on pay rates rebranded as the “national living wage” will receive a 4.9% rise from £7.83 to £8.21 an hour, worth an extra £690 over a year and affecting around 1.6 million people. The hourly rate for 21- to 24-year-olds will go up from £7.38 to £7.70, and for 18- to 20-year-olds from £5.90 to £6.15 in increases that cover about 230,000 people.

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Report calls for reform of ‘unhealthy’ land ownership in Scotland

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Commission set up by Scottish government recommends new powers to split monopolies

Scottish land ownership rules must be radically reformed to reverse the concentration of the countryside in the hands of a small number of ultra-wealthy individuals and public bodies, a major review has warned.

The study by the Scottish Land Commission, a government quango, says that in extreme cases where landowners abuse their power they could face compulsory purchase or community buyouts.

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Britons face five-hour airport queues in Spain with no-deal Brexit

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Alicante airport is likely to be worst affected, says consumer group Which?

British tourists to Spain could face airport queues of five hours or more after a no-deal Brexit, according to analysis by Which?, and the consumer group suggests travellers should take food, water and even nappies to survive prolonged delays.

Alicante airport, which serves Benidorm and other Costa Blanca resorts, is likely to be the worst-affected airport, and Which? said visitors to Tenerife, Lanzarote and Málaga were also facing “life in the slow lane”.

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Muffin Break faces backlash after boss says millennials won’t do unpaid work

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Uproar comes as parliamentary inquiry into Australian franchise sector prepares final report

The cafe chain Muffin Break is facing a backlash from customers after its general manager said that entitled millennials weren’t willing to do unpaid work to get ahead.

Natalie Brennan told News Corp there was “nobody walking in my door asking for an internship, work experience or unpaid work”.

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Orkney rated Britain’s best place to live in terms of quality of life

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Scotland and north of England dominate top five as measured by housing, crime and schools

Orkney is the best place to live in the UK, with cheap houses, low crime, good schools and a population who are among the happiest and healthiest in the country, according to the annual Halifax quality of life survey.

The survey found that all the top five best places to live in the UK were in Scotland or the north of England. Richmondshire in the north of the Yorkshire Dales came second, while the appropriately named Eden district in Cumbria was third.

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UK trains ‘are packed to near double capacity’

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Some major routes to be 208% over capacity by 2022, shows data compiled by Labour

Overcrowding on trains is at the highest level for years, according to official data compiled by Labour showing some major routes are to be 208% of capacity by 2022.

A study of government figures found the most overcrowded services were on average 187% of capacity in 2017, an increase of 25% since 2011.

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