The Bank of England has just announced an interest rate cut of 1.5%, bringing the rate down to 3%. This should be great news for the man or woman on the street. However it seems that the High Street banks are unwilling to pass this reduction on to its customers.
I’ve been checking out one of [...]
With the release of unemployment figures for Scotland showing 124,000 out of work, an increase of 18% since June, and news that housing sales have dropped by 44% ,while prices have dropped by 4%, I think it is safe to say that Scotland is teetering on the edge of the abyss. Recession is no longer [...]
Surprise, surprise – the old adage ‘one man’s meat is another man’s poison’ has never been truer. The world tumbles deeper into recession and Iceland slips off the economic map completely, but in the meantime a certain knight or two have taken advantage of the situation and are buying up the dregs of companies, ‘owned’ [...]
In a rather bizarre act guaranteed to make a nation in debt even more depressed the USA have had a National Debt Counter Clock displaying the country’s debt since 1989.
When it was introduced the debt ran to 2.7 trillion dollars. In a reflection of the dire straits we are in, the clock counter this week [...]
Sir Victor Blank annouced today an unprecedented merger deal between Lloyds TSB and HBOS, at a cost to Lloyds of £12billion pounds. It is a sign of the extraordinary circumstances surrounding this event that Lloyds has been able to buy out a much larger rival bank, and create a mega-bank that would normally have the [...]
I don’t like shopping at our local Tesco. It’s so big and there is so much choice I find it takes me thirty minutes just to pop in for a loaf and I always come out with a random selection of stuff, none of which I knew I needed before I went there. However -and [...]
Put 5000 bankers in a big circle , with no chairs in the middle, and get a fat lady to sing the following words to the tune of a well known sea shanty:
“what can you do with a sunken banker?
what can you do with a sunken banker?
what can you do with a sunken banker, now [...]
You cannot turn on the tv these days without someone mentioning the rising fuel costs, but do you regard yourself as fuel poor?
It seems that many people are unaware, or not prepared to admit, they are suffering from fuel poverty – yet almost 20% of UK citizens live in poverty. If your household income is [...]
