Why the Bank of England rate cut is wrong
This week’s move by the Bank of England to cut the interest rate to an all time low of 1% is a bad move for all of us, especially those trying to save money.
It is an unfortunate double whammy, because while the tax payer is subsidising the banking system via RBS and Lloyds especially though [...]
Cheap insurance is not always the best
An easy trap for consumers to fall into is to buy on price, rather than quality.
The result is the familiar sayings:
“You get what you pay for”
“Buy cheap buy twice”
Unfortunately, the insurance industry is little different as those companies who offer the cheapest quotes often do so by cutting quality of service in some way, such [...]
OECD says worse to come for America
The BBC gives quite long and extensive coverage on a report from the OECD on the economic challenges facing the USA, and it is not pretty:
US faces deep problems, OECD says
The OECD paints a grim picture of the challenges facing the incoming Obama administration, which takes office on 20 January.
It says that “the US economy [...]
Should Woolworths have been saved?
It’s a sad day indeed when a towering high street brand such as Woolworths goes into administration.
The problem was not a declining business model as much as the inability of the company to service its debts.
When the government has done everything it can to infuse a huge amount of money into UK banks, it remains [...]
Global Financial Crisis News
While I’ve been away from blogging, the world has seen something that can only be described as a Global Financial Crisis.
What began as a fall-out from sub-prime loans last year has spread like a disease through all aspects of the financial system:
1. Credit markets truly froze
2. Even banks could not get day-to-day funding
3. Stock markets [...]
Food prices threaten Christmas
It’s common to complain about the necessity of buying food and groceries, but according to reports, things are going to get tougher.
Food prices have already been rising through the year, not least due to increased demand from China and India.
However, severe weather conditions over the summer have badly affected food harvests across the world. Drought [...]
Simple budgeting help
Okay, I’ll finish with one more tonight…
Budgeting. Book keeping. Accounts. For a business, they are essential, but many householders overlook this issue too easily - until it bites them in the face and they have to count every penny today, because they forgot to count every pound yesterday.
Here’s the bottom line: you need to know [...]
How to save 40% on your energy bill
Debt, financial planning, book-keeping, savings…these are the sort of things that make people yawn.
Some may think it’s with good reason, as these aren’t inherently interesting subjects.
That’s not the point, though. These are inherently important subjects.
Like paying the bills. It’s not an exciting subject. But if people made simple changes to their lifestyle they can really [...]
A little background on the AA
(the insurance company, not alcoholics recovery group)
The AA Insurance company has been around since 1905. Back then it was just a group of motoring enthusiast that grouped together to help each other avoid speed traps (oh, yes, even back then the police were setting up speed traps). The resulting group, Automobile [...]
More on Motorbike Insurance
Motorbike insurance – What to Get and Why
Motorbike insurance is not only a smart decision to make, but it’s the law in most countries. How much coverage to get and what kind of coverage it should be often depends on the individual, the motorbike, and the finances that are involved?
Liability insurance is the minimum [...]