Notícies i Política

MoneyWeek Issue 975

There's a reason MoneyWeek is Britain's best-selling financial magazine. We exist to help you ground your portfolio so that it keeps your money safe during rough patches and growing in the good times. We don't just look at how to maximise your returns and limit your losses, we also like to look at how you can keep more of the money you've made. Week-in, week-out we'll guide you through the financial world as it changes, alerting you to all the opportunities to profit and dangers to avoid, as they appear. Income strategies, rising-star companies, the best funds and trusts, clever ways to preserve your wealth during market turmoil... you will get the best ideas from the sharpest financial minds and investing professionals in Britain.

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51 Números

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3 min.
from the editor-in-chief...

“Political policies that can only be financed by huge tax hikes rarely begin (or end) well” You can now buy a digital dress. You send a picture of yourself to a designer. He dresses you virtually, “digitally rendering” the clothes onto your body, says The Times (see page 10). You can then stick pictures of the digitally-done you all over Instagram and Facebook. You’ll get lots of likes. You will also never wear or touch the dress. It will never actually leave social media. That makes it just like a modern political manifesto. The Lib Dems’ one is nothing but pointless showing off. The more Jo Swinson gets out and about, the less popular she appears to get – her policies aren’t ever leaving Twitter. The Labour one is obviously unachievable nonsense.…

1 min.
bankruptcy of the week

Businesswoman and former glamour model Katie Price, previously known as Jordan, has been declared bankrupt at the High Court after “ploughing through her £45m fortune”, says the Daily Mirror. Price entered into an individual voluntary arrangement (IVA) a year ago, but has failed to repay her creditors the agreed £12,000 a month, reports The Sun. She is believed to have debts of around £800,000 in total. Price had a wide range of business interests, including a range of clothing for rider and horse; a line of jewellery with Argos; a lingerie collection; and a “self-titled loungewear boutique”, says The Daily Mirror. She has also put her name to several bestselling novels. Last year, in an episode of her TV series My Crazy Life, she said: “I will be out of…

1 min.
good week for:

England’s cathedrals have seen a record rise in attendances, reports the Daily Mail. The Church of England says almost ten million people visited its 43 cathedrals in 2018, 10% up on 2017. Westminster Abbey alone saw 1.2 million visitors. Most were tourists rather than worshippers, paying £23 a head to get inside. Champagne is once again Britain’s favourite fizz, after five years of being bested by its Italian rival, Prosecco. UK champagne sales rose by 34% this year, says The Daily Telegraph, helped by price cuts of up to 25%; sales of Prosecco, by contrast, fell by 6%.…

1 min.
bad week for:

Thieves have stolen up to €1bn worth of art and jewels from a German museum in what was “probably the biggest art theft since World War Two”, reports the Daily Mirror. Dresden’s Green Vault houses around 4,000 precious objects in a collection founded in the 18th century by August the Strong. A glut of chateaux on the French property market is forcing sellers to slash prices by up to 50%, reports The Times. Around 1,500 of the stately homes are on the market, up from 800 eight years ago. Running a chateau costs an average of €30,000 a year in local taxes and insurance, with repair and maintenance costs on top.…

2 min.
is the us dollar doomed?

A puzzle is “preoccupying the world’s currency dealing rooms”, says John Authers on Bloomberg. The global economy is beset by tariff wars and political instability, yet we are living through “unusually low foreign-exchange volatility”. The US dollar has not had a weekly swing of more than 2% against other developed-market currencies for two years. The last time this happened was in the mid-1970s. A market truism is that “financial stability generates instability”. This period of curious tranquillity might “portend a new long-term trend”: the arrival of a weaker US dollar. The end of the trend High-yielding American bonds and “modish technology stocks” have made dollar assets the “go-to place for global savers” in recent years, says Buttonwood in The Economist. The world’s reserve currency has been riding high relative to others since…

1 min.
brace yourself for pricier oil

“The sale of the century has ended in farce,” says Ambrose Evans-Pritchard for The Daily Telegraph. The “privatisation” of Saudi Aramco, which pumps about 10% of the world’s oil, was supposed to be the biggest flotation in history. But instead of raising the once mooted figure of $100bn, Crown Prince Mohammad bin Salman got just $25bn. That will “barely cover the kingdom’s fiscal deficit for six months”. The Opec cartel, of which Saudi Arabia is the linchpin, is also facing serious problems, says The Economist. Opec announced a 1.2 million barrel per day (mbpd) cut in oil production last year. That should have driven prices higher, as should Saudi’s generally turbulent year – it suffered a drone strike on a key oil facility in September. Yet Brent crude, at around $64…