£20bn gamble to save the economy

By cutting VAT today from 17.5% to 15% along with various other smaller measures Alistair Darling has effectively placed a £20bn bet to try and save the economy. Whether he had any choice might be debatable, but if he gets this right you can guarantee he will be handsomely rewarded with lucrative consultancy contracts upon retirement from his position as Chancellor.

Read more

Was Pudsey affected by the Credit Crunch?

Amazingly this years Children in Need appeal raised £20,991,216 on the night which is even more than the £19m achieved last year. This puts it well on the way to beating the £37m in total that was raised last year.

1 comment
Read more

"Deterioration in the outlook for economic activity"

These are not my words but those of the Bank of England following their aggressive 1.5% cut in interest rates taking the base rate to its lowest level in more than half a century.

Read more

Privatising the profits, nationalising the losses

It seems unthinkable but that is exactly what it happening at the moment. In recent times banks have made huge profits by lending irresponsibly to homeowners that had little chance of surviving an economic downturn.

1 comment
Read more

Are we blind to the best offers?

The BBC News have a feature this morning about a market stall holder in Derby that is offering customers the chance to purchase a £5 note for just £4. You would be hard pressed to find anywhere else today where you could get a 25% return on your investment within a matter of seconds, but despite this most people reject his offer as they believe it’s too good to be true.

Read more

The true cost of running a freezer

Freezers are a great invention don’t get me wrong, but they are rather expensive to run. There is the obvious cost of purchasing a freezer along with possibly having somebody come around and fit it.

2 comments
Read more