“Savings Stampede” Rates for the new Pensioner Bonds are a whacking 70% above the best currently available from other providers! Why? Yes, I know they are only available to over 65s, and the maximum is £10,000, but they could have cleaned up by offering rates just 10% above. Either they know something we dont or someones head will roll. Depending whether you go for the c--k up or conspiracy theory... “Pensions crackdown as half of savers get stung with worse annuity” The regulator says that pension companies should have tried harder to make their clients shop around before buying annuities. But should Tesco tell you if Asdas corn flakes are cheaper? Should we take a short test to check weve read those Terms & Conditions before were let onto a website? Yes, everyone should (have) shopped around before buying an annuity. Or taken advice. But as we all know, you can lead a horse to water... “Early Start to the Jan Sales?” Fund manager word on the street (though not sure how often theyre actually on one) is that Tescos share price might be more of a bargain than their mince pies. And the stock markets fall is over political, rather than economic worries, so maybe expect an equally contrarian bounce back? “Interest rate rises wont wreck the recovery” What would we do without those economists at the Bank of England? Their latest report says that rising interest rates wont affect us too much - provided our income rises too. If it doesn’t, they might affect how much we spending. And they say its not rocket science. “Google tax of 25% will target tax-avoiding multinationals” Last word on the Winter Statement, I promise. The only truly cynical part of was the pledge to tax Google, Starbucks and the thousands of other (less part-of-our-language-and-culture) multi-nationals. Sorry, they wont pay more tax. Even if the whole of the United Nations pledges to a unified tax law of some kind, there will always be a dozen rebel tax havens. North Korea, one day, maybe. And the big companies can go where the heck they like. Heres an alternative. Reduce our Corporation Tax to 5%. Get Google to move here, lock, stock and barrel. Wed clear the deficit in a couple of years. “Qatars bid for Canary Wharf “ Remember a year or two ago, the Chinese were buying up the worlds mineral rights? Well, heres another stealth-bomber economic takeover. The erstwhile hosts of what will be the first winter World Cup in 2022, have just bought Le Grand Hotel in Paris, are close to exchange of contracts on Canary Wharf and already own Harrods, the Shard, 20% of Heathrow...
Posted on: Sun, 14 Dec 2014 16:11:20 +0000
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