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Posts Tagged ‘Bank of England’

just wondered if any of this sounded familiar? #London #BOE #houseprices #inflation

February 26, 2014 Leave a comment

So here we are again, the Bank of England isn’t worried by the rise in house prices, the FTSE is at a 14 year high, Taylor Wimpey are about to become part of the elite FTSE 100 index and this 5 bed flat will cost you £45,000 a MONTH to rent.

No need for a rise in interest rates then?
flat200K

Carney Cripples Savers for Years With Rates Pledge: U.K. – Bloomberg #savers #pension

September 9, 2013 Leave a comment

cropped-tomb-commonsense.jpgCarney Cripples Savers for Years With Rates Pledge: U.K. – Bloomberg.

Seems a bit harsh to kick Mr Carney in the ‘painfuls’ when his predecessor Mr King failed to even spot the financial crisis. Either way neither will go hungry.

Common sense and fairness, not really!

Drop in business loans raises doubts over funding for lending scheme #surprised #commonsense


Drop in business loans raises doubts over funding for lending scheme | Business | The Guardian.

 

Here we go, another example of how much the authorities are out of touch with the real economy, the real world and real people in the UK.

 

Common sense, good bank, bad bank.

 

 

Loans

Loans (Photo credit: zingbot)

 

 

Calls from 01792211845 10/10 #regulator #fsa #fca #whateveryourecallednow #differentnamestilluseless

April 22, 2013 1 comment

Calls from 01792211845 10/10.

Data protection?

Unknown

Unknown (Photo credit: Roger Smith)

Tax man sends builders’ merchant into administration Ι Construction Enquirer #banks #BaselII #BOE #Cable #UK #lending #bankofdave

March 7, 2013 1 comment

Vince Cable MP addressing a Liberal Democrat c...

Vince Cable MP addressing a Liberal Democrat conference in the ACC, Liverpool (Photo credit: Wikipedia)

Tax man sends builders’ merchant into administration Ι Construction Enquirer.

So while non doms etc get away with paying no tax, HMRC has decided in its infinite wisdom to send a British contractor into administration, no doubt resulting in job losses which will eventually weigh on the ‘mug’ middle class taxpayer, through extra job seekers allowance and benefits!

Time for the government to stand up and really take a good look at themselves.

The Bank of England is funding the banks with almost free money, which they are stashing away to meet the ‘moronic’ Basel III demands.

So while these banks refuse to lend, British business is falling down a slippery slope creating unemployment etc.

Last night the Bank of England suggested that interest rates could stay at 0.5% until the end of 2014.

That means that anybody who has spent a lifetime being ‘prudent’ and has built up a savings pot, is seeing their lifetime savings being eroded away by rampant REAL inflation, not the fictitious 2.5% official figure.

Time also, for Mr Cameron etc to stop bleating on about the position that the last Labour government left the country in. Whilst it may be true it is NOW history and such we have to move on.

Extreme austerity measures are just NOT working and the government must quickly realise this. The bank lending scheme is NOT working and Vince Cable must quickly understand this.

Common sense, don’t keep flogging a dead horse!

The cost of failure in the City of London #austerity #fail #sad

January 11, 2013 Leave a comment

City Wine Bar to Install Rooftop Barriers And Employ Guards After Fourth Jump Death
2013-01-11 15:23:01.658 GMT

Telegraph reporters
Jan. 11 (Telegraph) — A City wine bar has employed a
security guard and will install high barriers to prevent people
committing suicide after four people fell to their deaths.
The Coq D’Argent restaurant at No 1 Poultry in the City of
London will install the 2m-high protective measures after four
people fell seven storeys to their deaths in five years.
Security guards will question anyone found alone on the
rooftop bar, next door to the Bank of England.
Volunteers from the Samaritans have given training to staff
at the restaurant, a favourite with financial workers.
The plan was heard at the inquest into the death of banker
Nico Lambrechts, 46, who jumped to his death after being unable
to pay his children’s school fees.
The City of London’s health and safety officer, Rachel
Sambells, said Government regulations on suicide hotspots meant
talks were underway to raise the height of the wall on the
terrace to 2m by using metal bars.
She said: “The measurements of the barrier itself was fully
compliant. There’s no direction of a dereliction of duty.
“In the longer term proposals are for a raised barrier.
“The terraces have been closed off in the main part and a
security guard has been employed to patrol the area.
“If anyone is up alone up there he approaches them and makes
sure they don’t have the same intention.”
British Library worker Rema Begum, 29, jumped from the same
restaurant just a month before Lambrechts after losing her job in
a row with bosses.
Stockbroker Anjool Malde, 24, jumped clutching a glass of
champagne in 2009 after being suspended from his job at Deutsche
Bank.
In May 2007 Richard Ford, 33, also a City worker, threw
himself off the building, landing on a bus.
Mr Lambreacht’s widow wept as City of London Coroner’s Court
heard how the father-of-three, who lived in Cobham, Surrey, had
contemplated ending his life after he was unable to transfer cash
from his native South Africa to pay for school fees for his
children.
The South African died of multiple injuries, including
severe head wounds, climbing over the terrace just after midday,
minutes after a long phone call with his wife Adele, captured on
CCTV.
His GP, Dr Mark Jenkins, told the court how Lambrechts was
healthy apart from being slightly overweight.
He added: “I didn’t have the opportunity of meeting him but
I understand from his widow that he was under an enormous amount
of pressure from his new work which must have become unbearable.”
The court heard how when the South African had moved his
family to London at his previous employer, financial giant
Merrill Lynch, the process had been managed for him, but at
Investec had to organise it himself.
The man who hired him at Investec Asset Management, Domenico
Ferrini, told the court how Lambrechts had moved to the firm,
which was due to move back to Cape Town, on July 1 last year
after years at the rival company.
He said: “He was very interested to start with and it was a
wonderful opportunity within our growing business.
“I think there were a few things he was worried about.
Relocating back to South Africa concerned him and the political
climate there – was it the right thing?
“The transition of being very successful in his previous
job, and having to re-establish himself at Investec. I tried to
help him find his feet, that kind of thing.”
Because the firm was due to move to Cape Town, Lambrechts
had agreed to be paid in South African Rand but had struggled to
move cash to the UK so he could pay for his children to attend
private school, the court heard.
PC Trish Robinson, who was called to the scene minutes after
the banker jumped from the rooftop terrace, said it was clear “it
was a very deliberate act”.
She added: “I think it was just general stress of moving
companies, the relocation of his family to South Africa – the
usual stress you have.
“Between three or four weeks beforehand he was at a very low
ebb.
“He had been trying to get the money situation sorted out
and trying to settle into his job. On one occasion he said he was
going to be home and didn’t turn up, so his wife text him and his
daughter read the text, and he had said he was very low and had
been sitting somewhere and contemplated suicide.”
Coroner Dr Roy Palmer recorded a verdict of suicide said he
was sure that Lambrechts, of Hillview Place, Cobham, had intended
to take his own life on October 11 and was ‘very sorry’ that his
widow had lost her husband in the tragedy.
“I have to be sure, and I am sure, that he intended to die
by his actions,” he said.
“You don’t fall seven floors and go over a wall without
that.
“I do not doubt that he was seriously stressed but I
conclude that he killed himself and I am very sorry that he did
so in such sad circumstances.”