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fresh n minty

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  1. +1 As a NHS employee I agree that there is little drive for efficency. (Possbily mainly because "efficency savings" have become politico speak for "job cuts") One of the main issues I see is that the managers with the ability to pull the strings, have next to no involvement with the day to day delivery of care. This tends to mean that when a request for change is made to management, especially if a capital cost is involved, it is unlikely to be approved unless it A ) addresses a Government target (e.g. waiting times) B ) addresses a hot topic in the press (e.g. data or child protection). And no effective long term planning is made because reasons A and B change so frequently.
  2. You can't escape the fundamental demographics, which means that the western world is going to have too many pensioners compared to workers. Whilst the opposite is true in the developing world. So unless the west comes up with a method of persuading the developing world to support the life styles of all our baby boomers, there is some nasty surprises in store for those soon to retire. And that includes those who's "pension" is property. As these baby boomers, who own the majority of the property in the UK, either die or downsize their properties, they will be selling to a smaller generation of potential buyers. Which will inevitably lead to falling prices, especially at the family home end of the market.
  3. I think you maybe right. We'll now have several months of various sources coming out saying mortgage controls of some form are necessary, to get the public prepared to accept the controls proposed in Sept. The problem with this delay is it pushes things back that by the time its ready for legislation it will be election time. So look forward to the politicians arguing about lending controls this time next year.
  4. http://www.slc.co.uk/statistics/facts%20an...x.html#interest Looks like the current interest rate is fixed at 2% (Base Rate + 1%). Seemingly they can charge either RPI (from March) or the base rate + 1%, which ever is lower. Will be very interesting to see what happens if the RPI in March this year is negative.
  5. Interesting, hadn't thought of that. I assume in the small print somewhere they will say that the £1000 must come from outside the HBoS banking group.
  6. The £12.50 a month fee only applies to their "Ultimate Reward" account which gives you travel insurance etc. With the "Reward" account my understanding is you get £5 a month as long as you pay in over £1000 a month, and only pay fees if you go overdrawn.
  7. Was walking past a Bank of Scotland branch today an noticed a big poster advertising their new "Reward" Current Account. Seemingly, they have created a new current account were instead of earning a measly interest rate, if you pay in over £1000 a month, they give you a £5 (after tax). This seems an interesting response to interest rates approaching zero, and can see this becoming more common for current accounts, but for saving accounts you would miss out on the powerful effect of compound interest.
  8. Was just doing my regular check of my accounts tonight, noticed that Nationwide has further cut their miserable interest rate for instant access cash ISAs, now only 1% for sums under 10K. With the BOE expected to cut again this week, I suspect that Nationwide will use that to excuse a further cut. So my question is who has the best rate that lets you transfer in an existing ISA?
  9. fresh n minty


    Saw something new on GSPC this evening whilst checking my shortlist of properties I'm keeping an eye on. A couple of properties that were previously available for sale have change status to "Coming to Market". Is this code for temporary withdrawal till the hoped for "spring bounce"?
  10. fresh n minty


    Apparently there are rumors of this amazing thing called the InterWeb which would allow for documents to distributed at next to zero cost. Of course if such a thing really existed it would bring an end to civilization as we know it. Oh wait...
  11. What happened to today is a"car crash" moment. It happens all the time in the media, i.e. lots of people die all the time on the roads, but if there is a big pile-up on the motorway and several people die (but the number of death nationally for that day may be no different than the average), it will be headline news. This event does has implications beyond its initial "car crash" reporting. There's a lot of collateral damage to other banks, and possibly more importantly, there will be huge damage to confidence in both the financial markets and in the wider economy.
  12. A friend of mine who bought a 1 bed basement flat in Leith this time last year must be gutted. Nethouseprices just updated yesterday, and there was a forced sale of a flat a couple of doors down from him this July. It went for £75k when he paid £135. Ouch! Ignoring what state the force sale was in, his flat had a damp problem BTW. That's nearly a 50% fall.
  13. One of the girls at work today came in to lunch fuming. Apparently last week she had paid in a large-ish cheque from her boyfriend into a joint account they had set up at a different bank to pay for their wedding. Well this money was promptly withdrawn by the banks "special" investigation department on "suspicion of money laundering", without even informing this girl or her boyfriend. So it wasn't until yesterday when she tried to withdraw some money that she found the account had been wiped out. So she goes to the bank very distressed, thinking that someone had accessed the account fraudulently and taken the money. So she was shocked when the bank not only admitted they had taken it, the teller then rudely interrogated her on the origins of her own money. Eventually she managed to get her money back, and they even "kindly" agree to compensate her by paying the interest on the money from the day the cheque was paid in, rather then cleared. The consensus at work was in today's climate you're probably just as safe, if not safer, keeping you're money under the bed.
  14. Saw the same figures being quoted in the Metro this morning, what really bugged me is that it at no point indicated how the figures were derived. If these figures show anything it is that Scotland is lagging behind the rest of the UK, and the only way the market here will show "its traditional resilience" is if hyperinflation kicks so we get inflationary falls instead. But then again this article is obivously spin to try and convince the masses that everything is ok.
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