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What the Papers SayBack

The Financial Times

Belfast shows way in dash for growth

belfast

N Ireland entrepreneurs most likely to hit £1m turnover quickly, report finds

Businesses and councils call for rates devolution

Business organisations and councils have called for business rate decisions to be made locally, as the new Conservative government weighs its options on what has become Britain’s most unpopular commercial tax

Companies and Markets

Statoil to slash up to 2,000 further jobs

Norwegian energy major accelerates cost-savings plan after crude’s decline

The Times

Savers rush to cash in pensions for £1bn spree

Cars, homes and holidays on shopping list

More than a quarter of a billion pounds has been spent on holidays and cars by savers cashing in their pension pots since new rules were introduced two months ago.

Roadworks are causing cars to overheat

Drivers are being told to switch off their engine in queuing traffic amid fears that a sharp rise in roadworks is putting a strain on cars.

Breakdown crews said motorists should stop the engine if they are stuck for more than a minute, to prevent it overheating.

Business

Remember deflation? It was all so last month

Britain’s brief encounter with deflation lasted only a month as official figures show that prices are climbing again, albeit very slowly.

The consumer price index rose by 0.1 per cent in May, reversing April’s 0.1 per cent decline, the first negative reading in 55 years.

The Daily Telegraph

Roadworks hamper one in three car journeys

A third of all journeys by car are being delayed by roadworks after the number of repairs rose by more than a fifth in the past year, a study has found.

Ironically, the problems appear to have been caused by government plans to improve roads by providing local authorities with injections of cash specifically to fix potholes and weather damage, leading to an increase in work up and down the country.

Foreign investment reaches record level

Foreign investment has reached a record high of more than £1 trillion and shows, “Britain is the place to do business,” David Cameron said yesterday.

Business

SMEs growing at fastest rate since 2008

Small firms are growing at their fastest rate since 2008 and have regained the ground lost in the Great Recession, with jobs, start-up and growth rates returning to pre-crisis levels, a new report says.

 

The Independent

Immigration and EU ‘red tape’ targeted by Out campaign

Organisers plan to claim PM ‘failed’ on free movement after Merkel took it off the negotiating table.

 

The Daily Mail

Savers blocked from unlocking 6m pension pots

More than six million nest eggs do not qualify for George Osborne’s pensions revolution, it emerged last night.

Drivers who wind back mileage for a cheap loan

Soaring numbers of motorists are fiddling their car’s mileage to avoid a hefty fine for breaking a loan agreement.

Motor industry insiders say the boom in car clocking is down to an explosion in new vehicles bought through finance deals.

Free car check

Halfords staff will check a car’s battery, bulbs, windscreen wipers, oil levels and air conditioning, as well as top up your screenwash for free.

The service takes about 15 minutes, there is no need to book and it is available until September 21.

Insurance costs

Average car insurance premiums have jumped by 8 pc in one year.

Why Britain is best for women wealth creators

Britain is the best place in Europe and the third best in the world for female entrepreneurs to set up a business, according to research published this week.

Posted by Lois Hardy on 17/06/2015