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2011

Interest rates freeze

An economic adviser at big cheese accountants Ernst & Young reckons that question marks, over the state of the recovery in the UK, may make it difficult for the Bank of England’s Monetary Policy Committee to consider rate rises soon. Forecasters have suggested that the interest rate will remain at its record low of 0.5 per cent well […]

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The meaning of success

It seems to me that success these days is measured in terms of material gain and cheap celebrity status though, with my penchant for the deep and meaningful, I thought I would share a poignant definition of the word success. Here goes: –  To laugh often and much; to win the respect of intelligent people […]

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Jail pensioners and put criminals in a nursing home.

ANOTHER BRILLIANT SOLUTION – YOU KNOW IT MAKES SENSE THE RATIONALE FOR PENSIONERS Pensioners would have access to showers, walks and a broad range of activities. Pensioners would  receive unlimited free prescriptions, dental care and medical treatment. Pensioners would not receive the paltry fuel allowance but they’d receive more money than they paid out so who […]

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Agricultural Property Relief – a common sense approach

These days of austerity have resulted in a recession of gigantic proportions and naturally the government exchequer is not immune, with the tax take significantly reduced over the last three years or so. It might then be hardly surprising that HMRC could be looking at angles to collect more where they can and most recently there have […]

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How to fix the economy

There are around 10 million people over 50 in the UK work force. Pay them £1 million each severance for early retirement on the following conditions: 1) They MUST retire.  Ten million job openings – unemployment fixed 2) They MUST buy a new British car. Ten million cars ordered – Car Industry fixed 3) They MUST either buy […]

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Loose words can cost dear – beware

I am not into social media sites – I cannot think of anything worse than providing a window to my private existence and I am unable to understand why people sit for hours on Twitter or FaceBook, but to name two of these sites. However, be warned if you use them because the courts will […]

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Soaring borrowing in April a concern

Official figures have suggested that Britain had the most miserable April since 1993 when records began. The Office for National Statistics said that public sector net borrowing was £10 billion in April. The figures are on the back of increased spending and falling tax revenues.  The figure was £3.5 billion higher than had been anticipated and £2.5 […]

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Interest rate rises signalled

Spencer Dale , the Bank of England’s chief economist, has suggested in an interview with the Financial Times, that families should plan for interest rates to gradually rise  over the next two years. He also sees a difficult outlook for the economy and said he favoured an immediate rise in interest rates, despite the fragile recovery.  As a member of the Bank’s […]

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DC refuses to back GB

You may remember that they called Gordon Brown (or GB for short) the ‘iron chancellor’ because of his handling of the economy. Under Blair, this man spent more on public services, quangos and other lavatorial pursuits than was coming in from record tax takes during the boom (a boom that was handed to him by […]

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Utmost Good Faith

You might be aware that when arranging insurance there is a duty on the proposer to disclose. A contract of insurance is of the utmost good faith or uberrimae fidei which means basically that insurers accept what you tell them – but beware, because I reckon that insurers are now using this to wriggle out of […]

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