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About Tremayne

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  1. I got this email from Northern Rock a few weeks ago: Dear Customer(s) All of our customers are really important to us and I want to tell you about some recent changes at the company. As you may be aware, we have been planning to restructure Northern Rock to build a stronger future and deliver value to the UK taxpayer. Our plans have been approved by the European Commission, the Financial Services Authority and the Government and - with effect from 1 January 2010 - Northern Rock was restructured into two separate companies: Northern Rock plc is a new, well-capitalised bank that will hold and service all customer savings accounts and some existing mortgage accounts, as well as offering new mortgage and savings products to new and existing customers. Northern Rock (Asset Management) plc is the existing company that has been renamed. This company is also well-capitalised and holds and services the majority of existing mortgage and unsecured loan accounts. It does not offer any new products or provide the option of additional borrowing to its existing customers. Both companies remain in Government ownership and are authorised and regulated by the Financial Services Authority. What does this mean for you? You do not need to take any action. All savings accounts have been transferred to the new bank, Northern Rock plc. There are no changes to your terms and conditions as a result of the restructure, and we will continue to look after your savings in exactly the same way as before. The Government’s retail savings guarantee, which specifically covers all deposits made with Northern Rock, remains in place. As a result of the company’s good progress and the new bank’s strong capital and funding position, the guarantee is being reviewed by HM Treasury and the Financial Services Authority. Any decision to release the guarantee will be subject to a three month notice period and fixed term deposits will retain the guarantee for the existing term of the product. In the event that the Government guarantee is lifted, Northern Rock UK savings customers will benefit from the cover provided by the Financial Services Compensation Scheme.
  2. For Info - taken from the BT Website today. One-off connection charge • Connecting a new BT line costs £124.99 (incl. VAT). This charge only applies in some cases – most of our new customers find they don't need to pay this charge. • We'll let you know whether you need to pay this after you've entered your address and/or phone number in the order journey. You'll see the charge on your order summary before you reach the order checkout. • If your home has had a telephone service from BT in the recent past, and the wiring and socket is undamaged and the line still has a dial tone, it's likely you won't need to pay this charge. But where there's no suitable BT line available in your property, no dial tone on the line, or if you have been disconnected for non-payment in the past, the standard connection charge will apply. • Please note that some properties, for example new property developments, may have a white BT socket installed that hasn't been connected (ie no dial tone). In this case the standard connection charge will still apply. • The connection charge covers engineering work in your exchange or your property in order to connect the line and is subject to survey. • If the charge does apply it will be added to your first BT bill. • Connection charge does not apply to Calls and broadband packages nor Calls, broadband and TV packages.
  3. Thanks everyone for the replies, I will just have to put this cost down to experience. Random User Name correctly described the type of reconnection I was referring to. I will not have it disconnected when I leave as there is no benefit to me in giving the next tenant the same problem, though obviously I will end my account.
  4. I have recently rented a flat. The block was built only a few years ago. When being shown round by the agent, I noticed the BT sockets in two rooms but never explicitly asked if they were connected, I assumed they were. Now I've moved in I find they were not connected. I spoke to the landlord and he says tough - if I want the connection I will have to pay c. £75 to BT. This is the one off fee to connect a new property to the BT network. I have done that since I need the phone and internet access. However I'm miffed because I have paid to improve his flat - all future tenants and he will have the benefit of me paying the connection. I spoke to the CAB but the lady I spoke to could not help me. Any ideas about what I can do?
  5. Not totally relevant to university places but relevant to vocational training paid for by employees: There used to be a scheme starting in the 1960s called the Engineering Industry Training Board (EITB) Levy whereby every UK engineering employer (I guess above a certain size) had to pay a % of payroll to the EITB. If they could prove they were running a decent training operation they got the money back, else not. As a result every major company ran apprenticeship schemes and some provided university sponsorship and vacation work experience for undergraduates. This dealt with the issue of one company spending money on training only for another to poach the trainee at the end with a slightly higher salary. The scheme was disbanded by the Conservative government in the early 1980s - maybe in the recession as a measure to cut costs for companies? I think that was a disaster but you never hear it mentioned today. I'm convinced the ending of the levy is a reason why training schemes are so few and far between. Anyone old enough to have worked in the engineering industry in the 1980s and earlier may remember the training schools the big companies ran on their own premises and the technical colleges where the apprentices went on day release, whilst being on the payroll. Technician apprentices studyied for an HND. (The HND was a technical equivalent to A levels and could be used for entry to university although this was not so often done as it simply was not necessary to have a degree to get to a reasonable position in the company.) When I worked in manufacturing I used to come across some very intelligent people who did not have a degree and had been apprentices - I can think of one quite brilliant man. The EITB levy resulted in large numbers of technically qualified people who might well go on to work in other departments such as Sales, where they had full understanding of the company's products. The job I had brought me into occasional meetings with senior managers and sometimes even the directors of several large publicly quoted engineering companies. Often these were Oxbridge or red brick graduates - brought in on special programs and fast tracked to the top. The British theory being that fine minds could turn their minds to running any company, irrespective of their university degree, no vocational training was necessary. I'm sure the Japanese and Germans did not take this approach. The good old British class divide, with senior management coming from a different world to the rest of the employees no doubt contributed to the all too common strikes. (If you are too young to remember strikes, be sure to rent the film "I'm Alright Jack" starring Peter Sellars. An alternative explanation for the demise of the medium to smaller engineering firms was that the UK had too many managers who were technicians i.e. ex apprentices, who weren't clever or educated enough to compete with the Japanese and European competition (the cheap labour countries did not come on the scene until later.) As you may gather, although I was not an apprentice, I am a believer in vocational training for certain jobs and to be a manager in some businesses you need vocational and academic education. I would not be surprised if an area where vocational training as a requirement for management has been abandoned is banking. I would not be surprised if some of the most infamous names of late in British banking do not have banking qualifications and so have not had the wisdom of the past instilled into them - in particular, that boom is followed by bust so leave a margin of safety in all your loans. If you interested, have a look at these links Page 41 on of this: http://www.namtec.co.uk/uploads/docs/1233762889PresentationDMSpecialMetalsForum280109.pdf See section "meeting industry standards" in this: http://www.westwoodworks.net/HowItWas/TrainingAtWestwoodWorks/TrainingAtWW/index.htm#5
  6. Hi, New poster here. Like others I have been reading this site for quite a while and have finally got around to registering. Trying a first post here to see if I work the buttons!
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