60 second news round-up: the top money stories of the week
The week began with the news that Neil Woodford, one of the country’s best known fund managers, has scrapped staff bonuses at his firm Woodford Investment Management. Meanwhile we published a guide outlining four strategies for investors who want to shut out the noise and be “hands off” but successful. For those a little less hands off, and who might be considering going back into emerging markets, we looked at the best opportunities ‘emerging’ in the region.
There is now under a week to go until new TV licence rules come into force, if you are unaware of all the changes we explain all. Meanwhile as our reporter Paloma Kubiak prepares to tie the knot this weekend, she revealed the tricks she used to keep the costs as low as possible. Those who aren’t keeping costs low meanwhile are the 40% of Brits who, according to a survey, go over their text, call and data allowance every month.
A week doesn’t go by without any Brexit mentions and this week saw the news that property transactions were down following the EU Referendum result. The good news is that this was expected, and the fall was minimal. Indeed following the recent cut in UK interest rate it was announced that there has been a 55% spike in mortgage enquires. However hundreds of thousands of Northern Rock customers will not benefit from the Bank of England’s base rate cut, after part of the defunct lender’s loan book was sold on to a US private equity firm.