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.