Scottish independence, the Darien disaster and financial warnings from history

| October 17, 2012 | 0 Comments

Scottish independence voting proposals to be announced today should remind savers and other financially-aware Scots to be careful what you wish for; history’s lessons are not encouraging. Most recently, the British Government’s rescue of Bank of Scotland and Royal Bank of Scotland during the global credit crisis was largely funded by taxpayers in the south […]

Filed Under: Latest Finance News

Angela Merkel has saved us from ourselves over the BAE merger. But what if China comes calling?

| October 11, 2012 | 0 Comments

This morning we can all be thankful for German pragmatism. Well sourced stories in both the FT (£) and the Telegraph attribute the collapse of the £28bn merger between BAE and EADS to Angela Merkel’s refusal to give German assent to the deal. Tom Enders, chief executive of EADS offered confirmation of this, writing to […]

Filed Under: Latest Finance News

RBS floats Direct Line: would you buy a used car insurer from a bankrupt bank?

| September 15, 2012 | 0 Comments

The long-awaited stock market flotation of Direct Line by RBS prompts the question: would you buy a used car – or its insurer – from a bankrupt bank? That’s not quite how the spin doctors at the taxpayer-rescued Edinburgh giant would like you to see it. They would much rather encourage comparisons with privatisation offers – such as […]

Filed Under: Latest Finance News

Finance Friday: Scary Retiree Lessons from Stockton, CA

| September 7, 2012 | 0 Comments Finance Friday Scary Retiree Lessons from Stockton, CA. In June 2012, the city of Stockton, CA filed for bankruptcy. One result is that current retirees will see their pension plan payments reduced. Cutting current retiree benefits used to be unthinkable! But in today’s economy, government employers—just like private corporations—are struggling to pay the bills, […]

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Video briefing from Finance Minister Bill English

| August 24, 2012 | 0 Comments

Watch Finance Minister Bill English talking about his current work and the Government’s Business Growth Agenda which aims to make the economy more productive. Also, the first BGA report is available at:

Filed Under: Finance Videos

How some pensioners gained from QE. Inspired trading or insider trading?

| August 24, 2012 | 0 Comments

The Bank of England is absolutely right to say that pensioners have gained from its controversial policy of quantitative easing (QE), which artificially depressed interest rates and boosted gilt prices – particularly those indexed against inflation. But it really should have found time to explain that the pensioners it was referring to in its statement […]

Filed Under: Latest Finance News

MPs demand different tax treatment from the rest of us but should share our pain

| August 21, 2012 | 0 Comments

MPs still demand different tax treatment from the constituents whose taxes pay their wages more than three years after The Daily Telegraph exposed systematic fraud in the form of many MPs’ expenses. This time, a Parliamentary watchdog, supposedly tasked to clean up after the MPs’ expenses scandal, is arguing with HM Revenue & Customs (HMRC) […]

Filed Under: Latest Finance News

It starts: first Asian bank mulls British exit from the EU

| August 9, 2012 | 0 Comments

So we have a new term: BRIXIT. Japan’s biggest bank Nomura has issued an 11-page study evaluating the likelihood that the UK will leave the European Union entirely or partly. Events could accelerate as soon as this autumn if eurozone woes force the Government to commit to a firm date for a BRIXIT referendum. “The […]

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More empty bluster from Germany

| August 2, 2012 | 0 Comments

Bundesbank chief Jens Weidmann has made a fresh bid for German sainthood – and Bild Zeitung’s spiked helmet – with his latest broadside against the European Central Bank. He warned the ECB not “overstep its mandate” or stray into fiscal rescue policies. The comments were made a month ago to the Buba house journal but released – […]

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Martin Lewis explains the changes to student finance from 2012

| July 19, 2012 | 0 Comments

Martin Lewis, Head of the Independent Taskforce on Student Finance Information, explains the key changes to student finance at English universities from September 2012 Video Rating: 4 / 5

Filed Under: Finance Videos
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