London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

Boris Roessler | Picture Alliance | Getty Images The skyscrapers of Frankfurt’s banking metropolis. London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Lobby group Frankfurt Main Finance (FMF) released the figure last week, which it calculated based on a confirmation that 30 financial institutions had applied to the European Central Bank to move their headquarters to Frankfurt. It claimed this number would be higher by March and…

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Crackdown on whiplash claims could knock £40 off car insurance bills

Millions of motorists could see their car insurance bills cut by £40 a year, the government says, after it announced a crackdown on the “epidemic” of exaggerated and fraudulent whiplash injury claims. The Ministry of Justice (MoJ) proposals would make obtaining a payout much tougher and, according to insurers, will end the UK’s status as the whiplash capital of the world. The proposals are intended to stamp out a “toxic” compensation culture that has pushed up motor premiums, led to consumers being bombarded with nuisance text messages and calls, and…

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Parents are underestimating their children’s ability to learn language, claims report

Too many parents are underestimating their children’s ability to learn language, according to a report. A poll of parents by charity Save the Children revealed nearly half of those polled (47 per cent) had low expectations of their children’s ability to learn  reckoning they would know 100 words by their third birthday – just half the number recommended by the Government. As a result, the children struggle to learn when they start school and could be behind in class throughout their school years. Figures show there are 130,000 children struggling…

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Gap-year students deciding asylum claims

Immigration lawyers condemn Home Office practice of recruiting undergraduates to make potentially life-or-death judgments A Ugandan asylum seeker whose fate may be decided by a student with five weeks’ training. Photograph: David Levene for the Observer Gap-year students are being recruited by the Home Office to make potentially life or death decisions on asylum claims, the Observer has learned. The students receive only five weeks’ training before they begin interviewing asylum seekers and making decisions about whether they can stay in the UK or should be sent back to their…

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Islamic State claims killing of retired Saudi officer

A retired security officer in southern Saudi Arabia has been shot dead in an attack claimed Monday by the Islamic State group. Police spokesman Colonel Mohammed al-Harbi said that a man in the Abu Arish area of Jazan region, bordering Yemen, reported at about 2:30 am (1130 GMT Sunday) that his father “was being shot at from an unknown source at his farm”. Police did not identify the victim or give further details of his former security duties. They said a “criminal investigation” was under way into the killing. Usually…

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