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Economists, not the economy, are the only ones taking a battering from Brexit
A light read for the end of week. Full article. http://blogs.spectator.co.uk/2016/08/post-brexit-economy-just-fine-economists-not-much/
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Fascinating calculator
Back in my day. Enjoy! http://www.hillarys.co.uk/back-in-my-day/
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Gilts and Final salary Pensions Vicious Circle?
Possibly a bit geeky, please bear with me. Finally salary pensions must pay out an agreed sum, generally through income from Gilts as other assets are deemed too risky. If gilt yields fall then the amount of gilts needed to buy the required pension goes up. Thus there is an unusual market where rising bond prices increases…
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Views on rent costs post Brexit
Hey everyone, A lot of posts here understandably focus on house prices but I'd be interested to hear people's views on the rental market. I'm likely to be going to the USA on a 2-year assignment next year and would be looking to rent out my 1-bed flat in London during this time. Some thoughts I had: - people who either do…
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It Would Appear That The Help To Buy ISA "Bonus" Cannot Be Used For Your Deposit.
Reported now in a few places, it seems that the Help To Buy ISA "Bonus" cannot actually be used for your deposit on a purchase since small print states: according to The Telegraph. http://www.telegraph.co.uk/news/2016/08/20/treasury-distances-itself-from-controversy-over-help-to-buy-isa/ I wonder how many have already…
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Brexit pushes Opel to cut staff hours in Germany
Falling exchange rates already seem to be impacting EU exports to the UK. http://www.bbc.co.uk/news/world-europe-37133037
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London House prices are falling.
Hi all, Let me get straight to the point of this thread. When we as a nation voted to leave the European Union, specifically London house prices started to fall. Since then landlords are now unable to remortgage their properties to invest in new houses. China and Singapore investors are DOMINATE the housing market in…
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House price rise boosts British wealth
http://www.telegraph.co.uk/business/2016/08/18/house-price-rise-boosts-british-wealth-to-88-trillion/ Interesting article...
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Are you a crash troll?
Having been observing crash trolls since 1996, I have noticed that they usually have a lot in common with each other. In my observation, the following views, beliefs and neuroses are sufficiently common among crash trolls for them to serve as identifiers: 1. They imagine that waiting 5, 10 or 20 years to buy after a dip is…
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Bloomberg: investment banks to begin moving jobs following Art 50
http://www.bloomberg.com/news/articles/2016-08-15/banks-won-t-wait-around-to-see-what-brexit-deal-the-u-k-can-get
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FYI: Pound hits three-year low against euro
http://www.bbc.co.uk/news/live/business-37061554 It's not just against the dollar that sterling is struggling. The pound is trading at €1.152 - the lowest level it's been against the euro since 2013, according to Hargreaves Lansdown analyst Chris Saint. It means sterling is heading for a lower level than it reached in the…
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The Brexit boost
http://www.dailymail.co.uk/money/comment/article-3745625/MAGGIE-PAGANO-Jobs-sterling-steady-stock-market-close-new-high-mini-Brexit-boost.html Happy days!
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UK unemployment rate falls to 5.2%, lowest in nearly 10 years
http://www.bbc.co.uk/news/business-35111020 http://www.telegraph.co.uk/finance/economics/12053072/UK-unemployment-wages-pay-slowdown-jobs-employment.html 31.3 million people in work, 505,000 more than for a year earlier. :beer: From George: Excellent stats this morning: a record employment rate (73.9%), unemployment &…
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Income vs Inheritance
Came up in another debate seems interesting topic to think about. My guess/estimate is something like £100 billion a year is inherited or gifted mostly from the older to the younger. Somewhere like London will have a lot more people with wealth and assets than than Stoke-On-North-Midlands-Trent So when it comes to buying…
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Bank Of England MPC - Interest Rates CUT to 0.25% + QE increase £60 Billion
The Bank Of England MPC have voted today to cut interest rates to 0.25%. Also QE programme increased by £60 billion.
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An employee perspective on Productivity
We often talk of the UK having low productivity. The report linked below has recently been issued providing an employee view. May interest some people. http://www.smith-institute.org.uk/wp-content/uploads/2016/07/Working-harder-not-smarter.pdf
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Cornwall, expensive?
I don't know if this is the right forum for this, I'm happy for the mods to move it somewhere more appropriate if so. In early 2018 me and her indoors will be moving to Cornwall to live and retire, we currently live in Australia. We have a mortgage free house in Cornwall, and will move into that. We're trying to plan our…
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What social class do Farmers belong to?
I've done a fair bit of research on the internet but can't find any results, really. Obviously every trade is a rough guide but would you consider a Farmer a working class person? The ones I know of own lots of land, have a fair bit of disposable income and drive Range rovers - not to mention their families/children being…
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Italian economy stagnates as German growth slows
With a slow down in Europe. The UK is highly likely to feel the impact. http://www.bbc.co.uk/news/live/business-36986376
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I thought this was quite funny / interesting
http://www.telegraph.co.uk/property/renting/grainger-the-property-company-making-the-most-of-generation-rent/ Some amusing quotes from the CEO of an institutional landlord: The Government has voiced its support for this nascent sector, but also, surprisingly, punished it. “The one thing that we were absolutely devastated…