Mindful Money’s news round-up: Friday 2nd September 2011

2nd September 2011

Story of the day:

A key Bank of England policymaker has contradicted the public statements of senior bankers by revealing that some privately expect the taxpayer to pick up the tab in the event of another financial crisis. – The Telegraph

Banks 'still expect taxpayer to pay for their failure'

 

And the best of the rest:

US non-farm payroll data – due out at lunchtime – is expected to show an increase of about 60,000 jobs in August, far below a 117,000 increase in July. – The Guardian

US jobs data puts markets on recession alert

 

Pension payouts have fallen to record lows, slashing thousands of pounds off pensioners' incomes as

investors drive down the yield on gilts, the assets that back annuities, amid the economic turmoil. – This is Money

Pension payouts plunge to record low amid economic turmoil

 

Britain's FTSE 100 index was seen opening down 91-92 points, or 1.7 percent, on Friday, according to financial bookmakers, retreating after a three-session rally in tandem with overnight falls on Wall Street and in Asia, with investors jittery ahead of August's U.S. jobs report, due at 1230 GMT. – Reuters

UK Stocks-Factors to watch on Friday Sept 2

 

The manufacturing sector was supposed to be the great hope for Britain's economic recovery. – Money Week

How to invest in the age of thrift

 

Britain is finding its way to a new and better-balanced version of its economy, but it will still be services that lead the way and not the revival of manufacturing promised by politicians. – Reuters

Analysis – Services, not industry, to drive rebalancing act

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