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Recession is history in London
It's a little while since I dined in London, but celebrating our anniversary last week, Mrs LM & I ventured to an old favourite, Le Pont de la Tour. Very decent place, costing north of £100 per person with the basic trimmings, and earning 3 knives & forks in Michelin. I washed down the pan fried foie gras and whole lobster…
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First sentence for rate rigging
14 years too. He would pay up to $100,000 to brokers to keep the libor rate as low as possible. http://www.bbc.co.uk/news/business-33763628
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Majority of houses more affordable than in 1997
http://www.telegraph.co.uk/finance/property/11779093/Affordable-homes-crisis-What-affordable-homes-crisis.html Needless to say, this hasn't gone down well on another 'certain' website!
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The New Workplace - let's face the future!
There's a promising series on the radio, episode 1 available now: The New Workplace http://www.bbc.co.uk/programmes/b063zn9h In Ep 1 it was a surprise to hear that an aspiring Premier Inn manager expected to earn a bit over £20K for the responsibility to managing a complete hotel site. This is all achieved by having…
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Berlin is the new Hackney for Brits
Seems that the real people that were going to be the economic dynamos of the UK's future are now leaving London in droves. http://www.theguardian.com/world/2015/aug/01/creative-young-brits-quit-london-affordable-berlin Because the cost/stress of housing and living in London squeezes the life-blood, energy and creativity…
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A new dawn - the post bail-out Greece thread.
The only way is up http://www.bbc.co.uk/news/business-33754005 So the Greek stockmarket opens today, with shares expected to drop 20% on opening admist fears about Greeces economy. A buying opportunity or stay well away?
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Scotland and Greece
Just a quick question before I go out. If Scotland ever does go independent do you think Scotland will end up like Greece?
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Scottish Economy thriving under Tory policies...
http://www.bbc.co.uk/news/uk-scotland-scotland-business-33535056 :beer:
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No skinny mannequins??
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GDP per capita returns to pre-recession levels
Following this quarter's growth figures GDP per capita has now returned to pre recession levels, and this despite population also increasing markedly since then via migration and natural change..... According to the ONS... And this at a time of record high employment, low unemployment, and with average wages rising…
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School's Out for Summer
Ed Balls criticises Labour's business stance Seems as if there was discord leading up to the election. http://www.bbc.co.uk/news/uk-politics-33744200
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A New Dawn?...
http://www.nytimes.com/2015/04/14/business/owner-of-gravity-payments-a-credit-card-processor-is-setting-a-new-minimum-wage-70000-a-year.html?ref=business&_r=1 I've noticed a few other examples lately of businesses adopting a more ethical and equitable way of doing things... and what is the one common factor these companies…
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Ireland to jail bankers who caused the collapse
The senior bankers at Anglo Irish bank are due to be sentenced: http://www.rte.ie/news/2015/0731/718364-anglo/ Shame we dont have the bottle to do the same thing here!
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Watching You Watching Me
https://www.youtube.com/watch?v=z9fb_slBEJ0 https://www.techdirt.com/articles/20150727/18592631769/vizio-latest-manufacturer-to-offer-more-ways-tvs-to-watch-purchasers.shtml I get it that if I use Facebook or Google or The Telegraph for 'free' then they will want to make money off me by using my browsing preferences to…
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another day another innovative economy changing thread
Ok - today's great idea to help balance the books: pet tax I'm thinking dogs particularly but no harm extending to all of the little critters. They serve little benefit to wider society (although I acknowledge they provide pleasure to their owners). No-one should have one who cannot amply afford it - benefits of any kind…
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Would it be possible to create a new source of limitless renewable energy by
Launching a probe to the moon with a really long piece of string attached connected to a generator floating somewhere near the equator which by means of the earths rotation somehow powered something? Or failing that, given no upfront cost or engineering constraints what would be the best clean way of tapping limitless…
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Cameron 'cracks down' on dirty money buying up London properties.
http://www.bbc.co.uk/news/business-33690464 However, he hopes criminals won't use a shell company or false owner because that is difficult to trace. :eek: In other words, it's just more meaningless clap trap to the brainwashed party faithful and couldn't care less club. What he is really doing is saying to Estate agents…
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What's the Future of Child Benefit?
Have you got any thoughts on what this, or any subsequent government, might seek to do to Child Benefit? What do you think they should do? Currently, households with children are paid at a rate of £20.70 per week for their first child and £13.70 per week for each subsequent child. There is no limit to the amount of…
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Dirty money
Looks like London's million pound plus bracket are going to get hammered even more ... http://www.theguardian.com/politics/2015/jul/28/david-cameron-fight-dirty-money-uk-property-market-corruption Will it mean more rises for normal priced property as people try to stay well under a million to keep safe and save on stamp…
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Just reminded me
We were chatting today that when in 1975 we bought our first home we had to wait 2 months until the building society had the funds. Not saying that house prices were not increasing, we had rampant inflation and indeed properties followed track. However, not the 200% we have seen over the last decade or so. Currently, our…
