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Yorkshire Lad

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Posts posted by Yorkshire Lad

  1. HOUSE prices are to soar by at least 20 per cent to crown a hat-trick of good news for homeowners, property experts predicted last night.

    Rock-bottom interest rates, cheap mortgages and a shortage of supply are set to fuel a “significant” new property boom.

    Lenders are predicted to cut average interest rates from four to three per cent.

    Daily Express


    Meanwhile, the economy is in bits, unemployment is at record highs.

  2. Northern Rock said the government loan increased to £22.8 billion, after the legal restructuring of the bank into two entities on Jan. 1. At Dec. 31, net borrowings from the government were £10.7 billion, plus £3.6 billion in cash held at the Bank of England.

    Wall Street Journal Link

    Can someone explain to me how we can lend £23,000,000,000 and they still pay bonuses for a job well done.

    What a crock of crap.

  3. SIEMENS has announced 295 job losses at its Lincoln site.

    It is proposed that 155 positions will be made redundant between June and September this year, while another 140 positions may be affected during 2011.

    In a statement, the company says: "Despite some recent signs of recovery in the marketplace, Siemens' oil and gas division is continuing to feel the impact of the global economic recession. As a result, a reorganisation at the Siemens industrial turbomachinery plant in Lincoln has become necessary."

    Lincolnshire Echo

    Its all a part of Browns jobless revovery. recovery

  4. From what I understand about Gold bugs, they dont approve much of leverage, and they think that most of the gold that is traded doesnt actually exist.

    Adrian Douglas: How much imaginary gold has been sold?


    The gold market is in a precarious position. Just as in the days of the gold standard it requires only one customer not having his deposit returned to bring down the bank, because a domino effect results in all depositors asking for their deposits to be returned. If my estimates are correct, that somewhere between 64,000 and 150,000 tonnes of gold have been sold against a reserve of only 15,000 tonnes.

    But how much of even this 15,000 tonnes remains?

    The panic at the end of September suggests that liquidity is very tight, in which case only a small percentage of investors asking for their gold to be delivered or placed in an allocated account will blow up the gold market and expose the scam -- a scam that has been repeated time and time again throughout history.

  5. A few weeks I started getting paid into a Halifax current account. They must love me as I've already been offered a pre approved credit card with a 6k limit on it.

    Its no different to Tesco knowing their customers shopping habits and offering them other services.

    We dont have to take them up on the offer.

  6. The landlord at our local pub went in to the venture with 15k about a year ago, and is now sitting on a 15k+ loss.

    Breweries can always find other mug punters who have a few grand of savings or redundancy. The pubcos arent bothered so long as they get their money.

    Pubs in this town are dead. In the 80s we used to go out on a Thursday, Friday and Saturday night, and most of the pubs were busy. Last night there was no one around.

  7. When Ladas were sold in the UK they were bought up to UK standards by Satra Motors at their factory in Carnaby East Yorkshire between 1973 and 1979.

    They also imported the rather wonderful Moskovitch. The motorcycles were sold under the brand Cossack. The 4x4 was called the Niva which had a model called the Cossack.

    Sara Lee cakes took over the factory later on, and then the global cake company. The factory is now used by Elliott Modular Buildings.

  8. I spoke to a fella that runs a well established removal firm in Yorkshire. I asked him how business was (I didnt think that he would tell me), and he told me that his business was struggling as very few people were moving house. He said that many of the big national companies use hired in help at each end of the move to do the local carrying, this way they dont need to carry loads of staff.

    He isnt too hopeful for the future, and pointed to the fact that first time buyers could afford the 15k+ deposit required for a starter home.

    As much as the government wouldnt like, the housing market is on its knees.

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