Inflation Edges Up To 3%

UK inflation hit 3% last month for the first time since April 2012 - up from 2.9% in August, the ONS reports https://t.co/DzgFctnMCH

— BBC Breaking News (@BBCBreaking) October 17, 2017

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

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.

Don't Trust Banks With Your Money

How customers of Lloyds Bank suffered from fraud committed by bank employees and weren't believed. - https://t.co/1vea3m7Wph

— Rebecca Cave (@TaxwriterLtd) October 6, 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.

Toys Rn't Us

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

Britain Leads The Employment Stats

UK on course to have the highest rate of employment in the western world. pic.twitter.com/MlXBkqoUpg

— James Cleverly (@JamesCleverly) September 14, 2017

J.P. Morgan Compares Bitcoin To Tulip Bulbs

Bitcoin will eventually blow up, says JPM's Dimon at Barclays conference. "It's a fraud." It's "worse than tulip bulbs."

— Lisa Abramowicz (@lisaabramowicz1) September 12, 2017

We shall see!

British Investors Remain Optimistic

UK investors stay positive https://t.co/PmmBmIYYvw

— Fabrizio Goria (@FGoria) September 11, 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 - www.equifaxsecurity2017.com - 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.

#Equifax shares plunge after #databreach potentially impacting 143 million #Americans - https://t.co/WR95l5QsIr #equifaxhack #privacy

— Marc R Gagné MAPP 🌐 (@OttLegalRebels) September 8, 2017

Estonia To Launch Digital Estcoin

One of the most digitally advanced nations- #Estonia is planning to launch first #digital national #currency. Source @wef pic.twitter.com/6U9XUTXNuk

— Saurabh Kumar IRS (@SaurabhKumar1) September 4, 2017

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!

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!

US Launches $400BN Libor Case

US launches $400bn Libor case

Rate-rigging by British lenders ‘fuelled failure of American banks’ https://t.co/KAS3DhQQu1

— fiatcurrency (@fiatcurrency) August 17, 2017

This will run and run!

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:

And before the flood of "it's all zero hours contracts" tweets come in, it's worth having a quick look at this. pic.twitter.com/yNm26ZvfQW

— James Cleverly (@JamesCleverly) August 16, 2017

Greed Of The Railway Franchises Exposed

Though CPI holds at 2.6%, retail price index rose to 3.6%. Rail fare rises linked to outdated RPI. Why?

— Andrew Neil (@afneil) August 15, 2017

Meaty High Protein Notes

Bank of England says has decided polymer banknotes will continue to have traces of animal products

— Simon Gompertz (@gompertz) August 10, 2017