Loans and Finance

Loans and Finance


News and information about loans, money, debt, finance and business issues.

Wednesday, October 18, 2017

UK Unemployment Falls - Lowest Level Since 1975

UK unemployment fell by 52,000 in the three months to August to 1.4 million, leaving the jobless rate unchanged at 4.3% from the previous quarter - still at the lowest level since 1975.

As per the ONS:
  • There were 32.10 million people in work, 94,000 more than for March to May 2017 and 317,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.1%, up from 74.5% for a year earlier.
  • There were 1.44 million unemployed people (people not in work but seeking and available to work), 52,000 fewer than for March to May 2017 and 215,000 fewer than for a year earlier.

Tuesday, October 17, 2017

Inflation Edges Up To 3%

It should be remembered that the figures are provided by the same ONS that lost £490BN in Britain's balance of payments!

Tuesday, October 10, 2017

The Round Pound Coin Days Are Nigh

As from 15 October the old round sided pound coin ceases to be legal tender.

Rules coming into force on that date will prevent shops handing out old £1 coins as change and will give shops the right to refuse them as payment.

However, there is no rule preventing shops (which are able to bank old £1 coins long after this date) accepting the coins after 15 October.

Friday, October 06, 2017

Don't Trust Banks With Your Money

Tuesday, October 03, 2017

The King Is Dead - Monarch Collapses

Monarch Airlines ceased trading early on Monday, leading to nearly 1,900 job losses and the cancellation of all its flights and holidays.

The collapse of the 50-year old company is the largest ever for a UK airline.

Tuesday, September 19, 2017

Toys Rn't Us

Toys 'R' Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debts.

Thursday, September 14, 2017

Britain Leads The Employment Stats

Wednesday, September 13, 2017

J.P. Morgan Compares Bitcoin To Tulip Bulbs

We shall see!

Friday, September 08, 2017

Massive Equifax Security Breach

As per the BBC about 143 million US customers of credit report giant Equifax may have had information compromised in a cyber security breach.

Equifax said cyber-criminals accessed data such as Social Security numbers, birth dates and addresses during the incident.

Some UK and Canadian customers were also affected.

The firm's core consumer and commercial credit databases were not accessed.

Equifax said hackers accessed the information between mid-May and the end of July, when the company discovered the breach.

Malicious hackers won access to its systems by exploiting a "website application vulnerability", it said but provided no further details.

The hackers accessed credit card numbers for about 209,000 consumers, among other information.

Equifax said it had set up a website - - through which consumers can check if their data has been caught up in the breach. Many people trying to visit the site reported via social media that they had problems reaching it and that security software flagged it as potentially dangerous.

Unsurprisingly shares in Equifax took a hit.

Monday, September 04, 2017

Estonia To Launch Digital Estcoin

An excellent idea, and well within keeping with Estonia's desire to be at the cutting edge of IT.

However, I do hope that the Estcoin is impervious to the inevitable attempts by Russia to hack it!

Wednesday, August 30, 2017

FCA PPI Campaign Deadline Advert

Without a doubt, this is the most ridiculous financial advert I have ever seen.

No wonder the FCA disabled the comments section!

Thursday, August 17, 2017

US Launches $400BN Libor Case

This will run and run!

Wednesday, August 16, 2017

Unemployment Lowest Since 1975

As per the ONS:
"The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.4%, down from 4.9% for a year earlier and the lowest since 1975."
Additionally, the employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.1%, the highest since comparable records began in 1971.

Wrt "zero hours" see this from James Cleverly:

Tuesday, August 15, 2017

Greed Of The Railway Franchises Exposed