Thursday, August 11, 2016
Wednesday, August 10, 2016
*U.K. JUNE MORTGAGE LOANS RISE 26% TO 68,200 VS MAY, CML SAYS— Naeem Aslam (@NaeemAslam23) August 10, 2016
Despite the shrill warnings from Project Fear, it would appear that there has not been Armageddon in the property market post Brexit!
Tuesday, August 09, 2016
UK: China's Ambassador says relations between two countries are at cross-roads following UK decision to review $23 billion nuclear project— The Int'l Spectator (@intlspectator) August 9, 2016
The delay in order to "review" Hinkley Point has spooked the Chinese.
Thursday, August 04, 2016
"The most hotly anticipated BoE decision since three weeks ago" pic.twitter.com/AV0QL4Yiok— Jonathan Ferro (@FerroTV) August 4, 2016
As I noted sometime ago, the Remain camp's warnings about interest rates going up post Brexit were utter bollocks!
Tuesday, August 02, 2016
Monday, August 01, 2016
"Millions of workers could be denied flexible access to their final salary pension pots if a radical shake-up to let companies ditch pension promises made to staff is passed by the Government.
The move would prompt a rush of people trying to cash in their pensions which would need to be "slowed", the chairman of the Work and Pension Select Committee has said, as he prepares to launch an inquiry in which MPs will explore ways to contain the problem.
Under the measures, understood to be favoured by MPs and pension funds, cash-strapped employers would be allowed to reduce workers' pensions by tens of thousands of pounds without first going through courts.
This would be likely to leave staff at some firms scrambling to move their money out of schemes as quickly as possible to fully encash their fund before their employer imposed cuts."As ever, once the politicians start meddling with pensions you can guarantee there will be utter chaos!
Friday, July 29, 2016
Thursday, July 28, 2016
#Brexit effect on housing market "not certain", Nationwide says, reporting slight rise in UK house prices in July https://t.co/CPvmkQg9L5— BBC News (UK) (@BBCNews) July 28, 2016
Project Fear's warnings about a post Brexit property apocalypse were overblown!
Wednesday, July 27, 2016
The former bankrupt has confirmed that he received a legal letter from Sir Philip Green, who has threatened Mr Chappell and three of his other Retail Acquisition directors with legal action following their disastrous deal.
Mr Chappell is flying back into the UK after consulting with his lawyers about the report. He said he would not be drawn on his views on a select committee report into BHS's collapse ahead of making a full statement on Wednesday.
Mr Chappell has admitted that he has made £2.6m from BHS.
Tuesday, July 26, 2016
"We will consider any necessary action in the event of the Bank of England base rate falling below zero, but will do our utmost to protect our customers from any impacts."Thus far personal customers are unaffected. However, that situation may change.
The move follows Dutch bank ABN Amro, which has warned its business customers that it will charge them for deposits.
As such, now is the time for people to consider lightening their cash balances held in banks and finding other means of holding wealth; eg under the mattress, or in precious metals.
In a letter seen by the Financial Times, law firm Schillings said that Field had wrongly alleged on the BBC's Today programme that Sir Philip had stolen money from the pension funds of companies he owned.
The law firm complained the comments were highly defamatory, completely false and likely to cause Sir Philip serious harm, and were not supported by anything in Fields parliamentary report into the collapse of BHS, published yesterday.
Monday, July 25, 2016
Sir Philip Green branded 'unacceptable face of capitalism' in MPs' scorching attack https://t.co/A4I2qYjz0E via @HuffPostUK— Ann Driver (@ahddrv) July 25, 2016
How much is a Knighthood worth to Sir Philip?