Enormous Data Breach at Oracle

More news on the huge data breach at @Oracle, as the company CONFIRMS attack on PoS systems: https://t.co/Nb6VxdBPun #DataBreach #News

— Retail Secure (@retailsecure) August 11, 2016

Property Armageddon Averted

*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!

Britain's and China's Relations at "Cross-Roads"

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.

MPC Decision Day

"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!

The FCA Kowtows To The Banks

FCA gives in to pressure from banks to set cut off date for all PPI redress claims at end of June 2019 despite duty to protect consumers

— Paul Lewis (@paullewismoney) August 2, 2016

Political Pensions Meddling On The Horizon

As per the Telegraph:

"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!