Andrew Bailey To Be Governor of The Bank of England

Delighted to announce Andrew Bailey as the next Governor of the Bank of England - he was the standout candidate.

— Sajid Javid (@sajidjavid) December 20, 2019

NatWest Bank Error In My Favour

Well this is a first, a bank error in my favour.

Natwest have written to me telling me that they have identified errors on fx charges on some of my international transactions between March 2010 and May 2014.

I have received a refund of £86 including interest and net of tax.

Now here are three questions:

1 Why has it taken so long for this error to be identified and quantified?

2 How many other people have been affected, and at what cost to NatWest?

3 Have other banks also made erroneous/inaccurate fx charges?

Bank of England Audio Hacked and Sold To Hedge Funds

Hijacked Bank of England audio feed sold to hedge funds seconds ahead of broadcast - Sky News#CarneyOut https://t.co/Cj8EDJc5vj

— Purpleline (Boris Island) (@purpleline) December 19, 2019

Fucking shameful!

Advice To Hotpoint

Washing machines are meant to be wet, not on fire!

Oh and fix your website too!

We are sorry to say we are still experiencing technical issues with our registration website. We apologise sincerely for the inconvenience. While we continue to work with our third party provider to resolve the issue, you can call our customer service team on 0800 316 1442

— Hotpoint UK (@HotpointUK) December 18, 2019

Trump Folds

Trump Folds: Offers To Cancel New China Tariffs, Will Cut Existing Tariffs By 50% In Exchange For Pledges https://t.co/nLnpFqolYH

— zerohedge (@zerohedge) December 12, 2019

The Economic Owl of The ECB

LIVE: Christine Lagarde says she will be an economic "owl" at the ECB – follow our business live blog for the latest news, analysis and reaction https://t.co/Fyvybhx92S pic.twitter.com/2XMHvz8agH

— Telegraph Business (@telebusiness) December 12, 2019

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!