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Geely chief amasses $9 billion stake
Signs of a changing world. Where power is slowly shifting East. While Brussels fiddles and burns. https://uk.reuters.com/article/uk-daimler-geely-stake/geely-chief-amasses-9-billion-stake-in-germanys-daimler-idUKKCN1G72AZ?il=0
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Productivity growth strongest since GFC
Finally some 10 years later the first signs of normality. http://www.bbc.co.uk/news/business-43140646
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How to solve the NHS funding crisis
Stop the free at point of use nonsense. Charge everyone £10 for each hospital or GP visit. You would soon see demand drop off as few timewasters would want to pay up and funding would increase dramatically overnight It works in well funded healthcare systems like the Nordics. It could work here
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RBS squeezed struggling businesses to boost profits, leak reveals
Royal Bank of Scotland secretly tried to profit from struggling businesses, leaked documents show. The bank bought up assets cheaply from failing businesses it claimed to be helping, the confidential files reveal. Staff could boost their bonuses by finding firms which could be squeezed in what it called a "dash for cash".…
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Rebalancing of housing market
http://www.bbc.co.uk/news/business-43043294 7.4% increase in FTB mortgages. 17% drop in new BTL mortgages. On the face of it, this looks to be a welcome shift with the various tax changes working as intended. Also, despite the large drop in BTL mortgages; "Separate official data shows UK house prices rose by 5.2% in 2017."
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Lloyds Banking profit jumps to 5.3 billion pounds
Best results since 2006. Finally clear of the burden of acquiring HBOS. https://uk.reuters.com/article/uk-lloyds-results/lloyds-banking-profit-jumps-to-5-3-billion-pounds-but-misses-estimates-idUKKCN1G50MT
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UK public borrowing to undershoot target
Another significant step. UK public borrowing to undershoot target by 'significant margin' - OBR https://uk.reuters.com/article/uk-britain-economy-obr/uk-public-borrowing-to-undershoot-target-by-significant-margin-obr-idUKKCN1G51MG
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When's the best time to buy a car?
Normally I trade in cars at 10 years old, which would be summer 2020. That's about a year post Brexit. New car sales are currently down quite drastically, thus in 2 years there will be less 2 year old cars than usual and so on. I doubt I'll afford one outright so looking at a bank loan. Do you reckon there will be a sweet…
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its nice to see the left wing press ignoring...
Corbyn the spy......would they do so if it was a tory? how was Profumo treated yet not a thing on the BBC about it!!! https://news.sky.com/story/jeremy-corbyn-denies-claims-he-was-paid-to-spy-on-britain-during-cold-war-11253891 It sickens me that we have to pay a license fee to that left wing propaganda machine the BBC and…
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Labour leaders met Czech USSR Spy
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How to increase the 20% tax band dramatically
The tax base for National Insurance is just too narrow. The 20% tax band could be increased hugely, thereby giving a massive boost to the "squeezed middle", through these measures: 1) Apply National Insurance to income post State Pension Age. This is particularly important from an intergenerational viewpoint. As the…
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Charles Stanley Direct Duplication Of Funds
Last week I sold some vanguard funds to reduce my holdings from 8 funds to 4 for simplicity. I used the sell all option when dealing. These deals have settled today but one did not go through in its entirety and only resulted in a partial sale. Long story short CSD have changed how they hold some Vanguard funds and due to…
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Dow Jones down 4.6% - Worst fall since 2008
No real indication as to why though on the BBC. Any thoughts? Seems people are guessing more than giving any reason, with "interest rates climbing higher" as one reason given. Big fall anyway.
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Bank of England - Earlier and Faster rate rises
Quite a significant release from the BOE. Especially the "greater extent" part. However, under no illusion that as they have said this, they are unlikely to actually do it! http://www.bbc.co.uk/news/business-42986729
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A Millennial Speaks out
Millennial Guardian journo on £40k a year (which is what she believes is an average salary for a journalist) can't afford a house in London. A Millennial earlier today https://www.theguardian.com/money/2018/jan/29/can-you-really-save-for-a-deposit-by-ditching-coffee-and-avocado-toast-i-tried-to-find-out Insert Boomer anger…
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Well done the Welsh!
Good to see Right to Buy is looking to be abolished in Wales, hopefully England will follow suit. Of course the trolls will need new content to post threads about but overall it's great news IMO http://www.bbc.co.uk/news/uk-wales-politics-39234618
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On the housing ladder and i cant be more depressed
Peer pressure, society pressure is the thing to do.... i just bought my first home a mid terrace character property in sunny Farnborough walking distance to train station and with a big drive. Yet i feel like i m crumbling with depression. I m 44! First time buyer. I paid 270 k for a piece of rubish! Electrical wires…
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Public sector pay freeze/Inflation calculation
Hi all, So I'm trying to get some information together, part of which is trying to work out how much money I've missed out on as my wages have not been rising with inflation for some time. From 2013 I was on £29,947. How would I work out how short I am per month using the inflation rates and the public sector pay freezes…
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In this mornings news. 7th February.
Some snippets of news.
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Number I344
That's the number of sure fire certainties that that were going to kick start the housing crash on HPC.com :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl: It is now the "fall in mortgage approvals" and " some bloke they over heard on the Tube in London"
