Loans and Finance

Loans and Finance

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

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

Thursday, August 10, 2017

Meaty High Protein Notes

Tuesday, August 01, 2017

British Gas Hikes Electricity Prices By 12.5%

British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.

Gas prices are unchanged, but the average annual dual-fuel bill for a typical household on a standard tariff will rise by £76 to £1,120, up by 7.3%.

Centrica said the rise was a result of transmission and distribution costs and the costs of government policy.

Methinks that British gas will continue to lose customers!

Monday, July 31, 2017

UK Property Market Stable

Thursday, July 27, 2017

Wednesday, July 26, 2017

UK Q2 Growth 0.3%

Growth in Q2 was 0.3%, significantly better than the Treasury's doom and gloom forecast borne out of Project fear!
  • The growth in Quarter 2 2017 was driven by services, which grew by 0.5% compared with 0.1% growth in Quarter 1 (Jan to Mar) 2017.
  • The largest contributors to growth in services were retail trade, which improved after a fall in the first quarter, and film production and distribution.

A Lesson In Economics

Monday, July 24, 2017

IMF Cuts UK Growth Forecast From 2% To 1.7%

However, it should be borne in mind that IMF forecasts are invariably shite (the fact that they revised the forecast is a clue) as this chart from 2014 shows:


Wednesday, July 19, 2017

Card Surcharges To Be Banned

As from January next year, businesses will not be allowed to add any surcharges for card payments.

This follows a directive from the European Union, which bans surcharges on Visa and Mastercard payments.

However, the government has gone further than the directive, by also banning charges on American Express and Paypal too.

This covers all companies and organisations that add a surcharge, including HMRC!

You can bet your bottom dollar that companies will find another way to pass on the charges.

Tuesday, July 18, 2017

Inflation Falls To 2.6%

The ONS reports that the Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May 2017.

This is the first fall in the CPIH inflation rate since April 2016, and was caused primarily by falling prices for motor fuels and certain recreational and cultural goods and services.

This means that there will be no increase in interest rates in the foreseeable future.

Tuesday, July 11, 2017

Piss Pathetic Pensions

Monday, July 10, 2017

Bank of England Wants People To Sniff Out Regulation Busting

G20 Minus 1

The G20 is now the G19 as America has placed itself into isolation.