Thursday, July 27, 2017
Wednesday, July 26, 2017
GDP Would Need to Collapse 5% in Next 12 Months to Meet Osborne's Treasury Predictions: https://t.co/LJHB69DlHw pic.twitter.com/vaFYABQvPw— Guido Fawkes (@GuidoFawkes) July 26, 2017
- 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.
Monday, July 24, 2017
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:IMF cuts 2017 UK growth forecast to 1.7% from 2%, the biggest downward revision this year of all major economies. pic.twitter.com/48gEFXGwUo— Jamie McGeever (@ReutersJamie) July 24, 2017
Wednesday, July 19, 2017
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
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
Monday, July 10, 2017
"Firms should expect supervisors who have their 'eyes peeled', their 'ears to the ground' – and who 'can smell when something is off'." https://t.co/Bj0BjStp9W— Katie Martin (@katie_martin_fx) July 10, 2017
Monday, July 03, 2017
Unite says Bank of England workers are to stage a four-day strike from 31 July in a dispute over pay— Sky News Newsdesk (@SkyNewsBreak) July 3, 2017
Does this mean that all debts held during this period will be interest free?
Thursday, June 29, 2017
George Osborne picks up his sixth job: as a professor at the University of Manchester - The Telegraph Growl!! https://t.co/y0p3wuUl0X— Sue Christensen (@taxqueen49) June 29, 2017
Osborne doing his bit to maintain full employment.
Wednesday, June 28, 2017
A prescient warning in the Telegraph wrt pension schemes that might go bust:
"There are 10 million people in 6,000 “defined benefit” pension schemes in Britain. Most of them will get the pensions they expect in full – but not all.A pension is meant to cover you from retirement through to death, which may be 30 years or so from the date of retirement.
If the companies behind these schemes are financially strong enough still to be in business when the pensions come to get paid, then all is well. However, around 1,000 schemes, possibly with as many as 1.7 million members, are in a very precarious position with financially weak companies behind them or large deficits - sometimes both.
Their members face a real and current risk that their companies will go bust. If this happens their scheme will almost certainly fall into the Pension Protection Fund (PPF). This will ensure that they still get a pension, but it will be lower, at around 90pc of what they were expecting."
How the hell can anyone predict what the world will look like 30 years from now?
Scary isn't it?
Tuesday, June 27, 2017
The EU said Google had broken EU competition law by exploiting the power of its search engine to promote its online shopping service, at the expense of other price comparison sites.EC fines Google record 2.4bn euros for giving illegal prominence to its shopping service— Rory Cellan-Jones (@BBCRoryCJ) June 27, 2017
Monday, June 26, 2017
"We expect political paralysis - a 'zombie Brexit' - to be the dominant theme for the UK over coming months" - Deutsche Bank— Jamie McGeever (@ReutersJamie) June 26, 2017
This analysis couldn't be more wrong wrt "paralysis", there will be black swans aplenty coming!