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Recent Posts
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Bank of England Archive
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Unemployment Insurance – Beat The Public Spending Cuts!
Posted on April 26, 2010 | No CommentsThe past week of electioneering and the unemployment figures released midweek by the Office of National Statistics, paint a gloomy future for many currently employed in the Public Sector and jobs that rely on Government Funding. Whatever the outcome of the General Election on May... -
Post Budget Blues or Pre Election Reds – Playing Risk with Your Future!
Posted on March 25, 2010 | No CommentsSo Alisdair Darling delivered his pre-election budget to a crowd of disinterested Brits yesterday and effectively opened the floodgates for the six week marathon of Polls, Accusations, Taunts, Cajolery, Calumny and Political Bollocks that culminates with you putting your X in the box of damage... -
Euro On The Point Of Collapse – Victim Of A Trojan Horse?
Posted on February 12, 2010 | No CommentsIf the Franco-German alliance fails to bail out the Greek debt then the Euro will most certainly collapse! Mass Devaluation. Cheap Holidays in the Sun! Suddenly Europe will not be worth half as much as it was! Worse still for the Euro Bankers is the... -
Insurance Companies buy more UK Government Debt
Posted on November 5, 2009 | No CommentsThe Bank of England has just announced that the latest efforts at so called Quantitative Easing involves the injection of another £25 billion of made up money in the circular flow of money system, which means that since the recession Britain has generated £200 billion... -
What a bunch of Bankers! UK Banks challenge PPI ruling
Posted on May 6, 2009 | No CommentsFeelings are running high this morning in the Payment Protection Market and the consumer pressure groups with news that Barclays and Lloyds TSB are challenging the Competition Commission’s ruling to ban the sale of Payment Protection Insurance at the time of sale of a loan... -
Banks reduced to selling HOME INSURANCE – Tesco outguns them
Posted on November 18, 2008 | No CommentsLike many others in the UK I must have sat down and watched the Location Location Location Credit Crunch special wondering how much my house was worth – or not. But did anyone notice the subliminal message throughout ‘ program sponsored by…’ and all the... -
Uk government moves to protect bank deposits
Posted on October 6, 2008 | No CommentsThe Financial Services Authority (FSA) has increased the compensation limit for bank deposits from £35,000 up to a total of £50,000 for each customer’s claim. This increase applies from midnight Monday 6th October 2008. Customers with joint accounts will be eligible to claim up to... -
UK Banks to further reduce public lending
Posted on October 2, 2008 | No CommentsMortgages are being squeezed as Banks reduce lending further. The latest Credit Conditions Report from the Bank of England has indicated banks and building societies are likely to further reduce lending activity over the next quarter. Noting lenders had reduced the availability of secured credit... -
Scottish Parliament to rescue Banks?
Posted on September 30, 2008 | No CommentsIts refreshing to see that the unloved Republicans have stuck to their guns and said no to intervention – even it it means a crash and the collapse of their economy and all its global fallout.Why? Because in the UK the opposite situation exists where... -
Bradford & Bingley Nationalised
Posted on September 30, 2008 | No CommentsHurrah !Now we the taxpayers rescue another failed business – Bradford and Bingley – and as a country are now the proud sponsors of Bradford City FC (as well as Newcastle Utd!). Bradford and Bingley (aka The Government) also sponsor the Bradford Bulls Foundation, Yorkshire...