France is Fucked

Macron pension reform: France braces for severe disruption amid strike https://t.co/makd6wxIWh

— BBC News (UK) (@BBCNews) December 5, 2019

HSBC's 40% Usury Fee

BBC News - HSBC to bring in single overdraft rate of 40% > Usury (noun) the practice of lending money at unreasonably high rates of interest https://t.co/PryCcrmPEP

— Stuart Jones (@StuartJones) December 5, 2019

That is a very high rate for a "reputable" bank!

No Deadline On China Trade Deal

TRUMP SAYS I HAVE NO DEADLINE ON CHINA DEAL AND IT MIGHT BE BETTER TO WAIT UNTIL AFTER NOVEMBER 2020 ELECTION

— fiatcurrency (@fiatcurrency) December 3, 2019

It would seem that, at best, the world economy will drift aimlessly for the next year or so!

Advice To PayPal

For many months you have bombared me with invitations to apply for your interest free credit facility.

Today I decided to apply and, blinky blonkey blimey, within 5 seconds I got a very polite email telling that after "extensive" checks I had been rejected.

Guys, please don't waste people's time inviting them to apply for something that you have no intention of granting!

There Is No Recession!

UK GDP rose 0.3% in Q3 2019 with services up 0.4%, manufacturing unchanged and construction up 0.6%. So much for recession.

— Andrew Neil (@afneil) November 11, 2019

M&S Proifts Fall 17%

The pre-tax profits of M&S tumbled by 17% to £176.5m on total sales down 2.1% to £4.86bn.

Like-for-like sales in clothing and home fell by 5.5% during the six months to 30 September, worse than the expected 4.3% drop.

However, like-for-like sales in food grew by 0.9%, ahead of a forecast 0.3% rise.

M&S need to consider spinning off their food business into a stand alone business, and facing the reality that they are no longer a clothing retailer.

KPMG To Cut 10% of Its Partners

As further evidence of cost cutting in KPMG, The Telegraph reports that KPMG is set to cut a tenth of its UK partners in the run up to Christmas as the firm steps up an overhaul of its business operations. 

The cuts are the result of performance reviews involving of some of KPMG’s senior team, and follow on from reports that KPMG's private members' club will be closed.

KPMG To Shut Private Members' Club

KPMG appears to be facing a financial squeeze, as it is preparing to shut down its private members’ club in Mayfair and move staff to Reading as part of efforts to trim £100m in costs.

The Telegraph reports that KPMG is exploring plans to close the five-storey townhouse at 20 Grosvenor Street, which boasts a rooftop terrace, restaurant and private meeting rooms.

KPMG will also transfer most of its marketing department from Canary Wharf to Reading.

It is understood that around 50 roles were placed at risk of redundancy as a result of the restructure.

Known as Number Twenty, the facility was set up only four years ago to entertain clients.

Brexit 50p Piece Production Nixed

BREAKING Sajid Javid has "postponed" production of the new Brexit 50p coins due to the likelihood that the UK will not leave the European Union next Thursday.https://t.co/dh5kbLuWrj

— Christopher Hope📝 (@christopherhope) October 25, 2019

In the event any of these coins have already gone into circulation, look out for them they will be worth a mint!

The Trade War Continues

CHINA SEEKING $2.4B IN RETALIATORY SANCTIONS VS U.S.: REUTERS

— zerohedge (@zerohedge) October 21, 2019

I thought Trump said they were ready to do a deal?

Mark Carney Displays "Remarkable" Foresight!

Mark Carney tells the Treasury Select Committee that 'there will be material moves' in the value of the pound in the run up to the October 31 Brexit deadline.

He says those moves could go either way depending on events. 📈📉

— Jack Maidment (@jrmaidment) October 15, 2019

Business Committee Sticking The Knife Into Thomas Cook Board

Business Committee hearing from the CEO, Chair, CFO, audit ctte chair and head of the remuneration committee of Thomas Cook in a sec. 👀 Live on BBC Parliament obvs

— Alex Partridge 🚡 (@alexpartridge87) October 15, 2019

The Board saddled the company with debts that it could not afford.

.@RachelReevesMP @CommonsBEIS chair: "It was not a complex business, the complexity was the debt you saddled the company with... The truth is you failed... these debts caught up with you"

— Paul Kelso (@pkelso) October 15, 2019

Happy 50th Birthday To The 50p Piece

It's been 50 years of the 50p! To celebrate we look back at how things have changed since 1969: https://t.co/eGW7sbgoWG pic.twitter.com/DHOOrzuyi7

— Lloyds Bank News (@LloydsBankNews) October 14, 2019

Hays To Buy All 555 Thomas Cook Stores

Rival buys all 555 Thomas Cook stores https://t.co/Ys6vfULk0H

— BBC News (UK) (@BBCNews) October 9, 2019

ECB Ignores Risk of No Deal Brexit

ECB'S DE GUINDOS SAYS WE HAVE NOT INCLUDED IN THE BASELINE THE POSSIBILITY OF A NO-DEAL BREXIT, OR EVEN AN ESCALATION OF TRADE TENSIONS, IF THESE DOWNWARD RISKS MATERIALISE, THE GROWTH OUTLOOK WILL DETERIORATE FURTHER - RTRS

— Martin Baccardax (@mdbaccardax) October 9, 2019