Mervyn King turns on the bankers
Mervyn King, the governor of the Bank of England, yesterday hit back at the UK banking profession and admitted that UK regulators missed an opportunity to clamp down on excessive bonuses and remuneration packages during the depths of recession. As we covered in one of our earlier articles, Mervyn King was most certainly in apologetic mood yesterday and appeared to be attempting to curry favor with the unions.
Despite the fact that a number of union representatives turned their backs on the Mervyn King and walked out of during his speech he was given a far better reception than many had expected. When the governor of the Bank of England turns on the UK banking community then we know that the sector is most certainly public enemy number one. Quite why Mervyn King has taken this particular stance at this particular moment in time is something which is slightly puzzling.
However, the bottom line seems to be that the UK banking arena has been cut adrift more than ever before and historic friends that have defended the sector now appear to be turning against it. Whether the introduction of Mervyn King to the mix will make the UK banking arena think again is something which many people will be considering.
Over-50s 'set to become landlords'
The over-50s are set to make a move en masse into the property market in the coming years, according to new research.Figures from Saga have suggested that almost a quarter more over-50s are planning to become landlords in the next 12 months, as the potential for investment in the property sector shows little sign of abating.With the buy-to-let boom expected to continue, many over-50s are planning...Read More
Is telephone share dealing really needed now?
One area of finance which has undergone a major change is that of share dealing with the option to trade both online and off-line at various rates. While many investors have moved to the online trading market some are starting to wonder if there really is a need for a telephone share dealing service?
The problem with sharedealing is that many people do not understand how the market...
National Savings and Investments income payments delayed
It has been revealed that around 8000 investors in National Savings and Investments (NS&I) income bonds have not received their January payment due to "technical issues". Those affected acquired their income bonds between 24 November 2009 and 28 November 2009 and were due to receive their latest income payment on 5 January. While the government has not been forthcoming with regards to reasons for...Read More
Looking for professional advice?
Despite the fact that the Internet is becoming more and more a part of everyday life around the world there are many people who are just not making full use of the information and facilities to hand. Over the last few months we have brought you a significant number of money-saving ideas, financial news and hopes and fears for the UK economy. The depth of information available on the Internet is en...Read More
Dell to ditch ten per cent of staff
Computer giant Dell has announced plans to cut its workforce by about ten per cent over the next year.The move has been proposed following a cost-cutting review instigated by the PC maker, which has been struggling to maintain its market share due to growing competition from rival Hewlett Packard.However shares in US-based Dell rose in extended trading across the Atlantic as the company posted a j...Read More