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UK Heading For Deflation?
http://www.theguardian.com/business/2015/feb/12/uk-heading-deflation-bank-of-england- Good kind or bad kind I wonder? Falling energy prices and food prices can only be a good thing but will this start to affect the rest of the economy akin to the Eurozone?
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Two thirds of private rental landlords will leave sector if Labour win
Two thirds? Really? Sounds a bit alarmist. Is this just the industry squealing? Apparently three year tenants and controlled rental increases will make things worse for tenants and open up the market to rogue landlords. I can see the theory, but can't really see it in practice. Seems a somewhat bizarre article. It suggests…
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Interest Rates can only go one way from here......
Said numerous people over the last few years, as central banks cut rates to near zero. http://www.bbc.co.uk/news/business-31436657 Except as it turns out, they were....... ...... WRONG. :)
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How Much Did Your House Earn in 2014 ?
2014 has been a good year for us home owners, and with the recent stamp duty cut 2015 is looking promising. So how much did your house make this year ?
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How Much???
http://www.espnfc.com/barclays-premier-league/story/2291898/premier-league-reveals-5-billion-british-tv-rights-deal-with-sky-and-bt £99,000,000 for coming last in 2016 plus 'TV access rights'.
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Hsbc
http://www.theguardian.com/business/2015/feb/08/hsbc-files-expose-swiss-bank-clients-dodge-taxes-hide-millions
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Ed taking us back to the 70's?
Looks like support for Ed Miliband is coming from unlikely sources? I should imagine there are many a youngster that looks enviously at the 70's a time when many of their well endowed parents first started work. Then again many think we are already in the 70's, the 1870's that is, where zero hours contracts and housing…
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Clive Emson Property Auction
Afternoon Everyone , I briefly logged on to the above mentioned property auction for a short time today and was quite surprised by the fact that most of the property being sold was well above estimate - is this generally the way things are at these type of property auctions ? presumably there is no let up with the strength…
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Pensioner bonds extended
The pensioner bonds deadline has now been extended for 3 months. George Osborne insists that this is nothing to do with the election, but even pensioners themselves who were interviewed by the BBC could see right through it. One, who could make use of th ebonds but hasn't suggested the money needs to go to young people,…
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Economy and general election
Hi all, difficult question to answer I assume but I wanted to be better informed in how party manifestos are going to actually effect the UK economy. Where do I go, what do I research to get a better understanding of how these policies are actually going to effect the economy? I want to make a more informed decision. At…
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"Generation rent" - did ppl really marry in their 20s and buy a house?
I have seen in a few places lately the statement that people used to marry in their twenties and buy a house - whereas now people cannot afford to buy until much later (if at all). As far as I can see, this never was the norm - at least for people of my class (upper working class...) Perhaps for the middle classes? Or…
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The largest January rise for six years.
Just when we are told the market is crashing, damn! I sold on the advice of Crashy;)
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Poundland To Buy 99p Stores
For £55M http://www.bbc.co.uk/news/business-31160517 Plenty of money in bargain stores so it seems.
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Green Deal Home Improvement Fund
The tax payer will shortly sub up to £5,600 for energy saving measures such as Double Glazing, Boilers etc ... if you are a homeowner.. Once again those that don't own their own property lose out. Imagine how those people that can't afford a place to live will feel knowing their taxes are helping those better off than…
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Britains Homeless Middle Classes Who Live at Heathrow
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Interest rates direction
Nationwide launches lowest 10 year fix on the market - 60% LTV with rates from 2.84% only £1k fee..... I've noticed some other banks have recently reduced the rates for their long term fixes. Seems like the banks are predicting low rates for a long time to come. Good news for all I suppose.:beer: House prices are…
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Risky mortgages "leap" in Aberdeen
One for Hamish! Theres been a 43% increase in risky mortgages granted in Aberdeen in the last 4 years. A risky mortgage is one whereby the loan is greater than 4.5x income. In Edinburgh, the number is 9%, while in Glasgow, 10%. Comes amid warnings of the volitility and possible damage than could now ensue in the Aberdeen…
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Scottish house sales hit six-year high
http://www.bbc.com/news/uk-scotland-scotland-business-31146601 I'm sure Hamish will be happy, although the number of sales in Aberdeen are down.
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Swiss franc scraps euro peg
The Swiss franc has risen by almost 30% against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro. The Swiss National Bank's (SNB) move to scrap the exchange rate control - which has imposed a maximum value on the Swiss franc of just over €0.83 since 2011 - has driven…
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Open Letter from Syriza Leader to German People
Now translated into English http://syriza.net.gr/index.php/en/pressroom/253-open-letter-to-the-german-readers-that-which-you-were-never-told-about-greece It's an interesting read. I can't imagine it went down too well in Berlin but it is factually accurate IMHO:
