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Thursday, 23 February 2012

Lloyds and RBS losses demonstrate need to overhaul bonus system


WHAT government should have done was let these banks go to the wall.  Once and for all the lesson would be taught "Deal irresponsibly with your business and you end up bankrupt" If that had happen we would not need government to, TRY and will FAIL, sort out undeserved bonus packages.

Wednesday, 22 February 2012

Tuesday, 14 February 2012

UK inflation rate falls to 3.6%


If you can believe it.  The government no longer includes VAT into the figures.  WHY????  Because government does not want to report that inflation is going up.  Shows them even more incapable. 

Monday, 13 February 2012

FTBs failing to take up record number of 95% LTV deals

 I think the reason why these deal are not being taken up is because they are (for the most part) not available to the broker market and the are very difficult to get approved.  The credit scoring required is very high.