Latest: Finance Blog

Guide to whiplash claim culture

Guide to whiplash claim culture

Russell Thomson is an injury claims lawyer working at The Injury Lawyers, who explains that while whiplash is a clear and serious issue, the whole subject of whiplash claims has become badly distorted through insurance companies selling customer details for referral fees.   Like Tony Blair and his “Education, Education, Education” speech at the start […]

June 4, 2012 More
Whiplash compensation driven by insurance companies

Whiplash compensation driven by insurance companies

Russell Thomson explains how insurance companies are driving whiplash compensation claims in a bid to chase referral fees. More from the whiplash claims website: Whiplash Claims.   Whiplash claims, whiplash compensation, whiplash injuries – or Whiplash Cash, Whiplash Epidemic, and “the weakest necks in Britain” as the press often title it; whiplash has not escaped […]

FTSE 100 falls as markets price in Greek debt default

FTSE 100 falls as markets price in Greek debt default

The FTSE 100 has fallen as much as 4.28% already in morning trading, as markets price in a Greek debt default. This comes after the failure of the US Federal reserve to implement any real strategy last night, while announcing serious financial headwinds that could potentially put the world’s largest economy into recession. While financial […]

September 22, 2011 More
Property prices, not mortgages, are the problem

Property prices, not mortgages, are the problem

The property market has become unbalanced, caused by excessive lending, and low interest rates. Both of which have allowed for a surge in property prices over the past decade as people were able to buy in excess of their means. The current state of the market, where First Time Buyers are excluded, is a symptom […]

February 15, 2011 More
RAC provides winter driving tips

RAC provides winter driving tips

With Winter officially here, RAC have put together some answers and tips to the most common questions about maintaining your car and driving during the cold weather: Q. How can I keep my cars’ battery in good condition for the winter? It’s a good idea to purchase a good quality battery charger to keep it […]

December 21, 2010 More
Time to let the banks fail

Time to let the banks fail

If there’s one thing the financial crisis has made crystal clear now, it’s that it’s time to let the banks fail. There’s no longer any reason why the banking sector, which clearly dragged us into the biggest financial crisis for a century, should therefore be subsidised by the taxpayer in order to simply continue it’s […]

November 19, 2010 More
Making the unemployed work: nothing new here

Making the unemployed work: nothing new here

Current suggestions in the media are that in this week’s overhaul of benefits, the long-term unemployed will be made to perform some form of manual labour. Already objectors are rising up to protest: the Archbishop of Canterbury has already thrown his critical oar in. However, let’s be clear, this is not a new concept – […]

November 7, 2010 More
Housing Benefit cuts: a sensible solution

Housing Benefit cuts: a sensible solution

The recent furore of cuts to Housing Benefit is politically expedient, but I doubt many of the people clamouring against the cuts have ever seen the reality of the system. The truth is that landlords have been shafting councils for Housing Benefit for decades. And because the public sector has been forced to put so […]

October 28, 2010 More
Child Benefit Cuts: Get Over It

Child Benefit Cuts: Get Over It

You would think from today’s media frenzy that the government have announced scarpping child benefit entirely. Instead, all they’ve announced is one of the most sensible issues ever – cut a benefit to people who absolutely do not need it. Let’s make it clear – the original purpose of child benefit was help raise child […]

October 5, 2010 More
Social enterprises avoid capital injections

Social enterprises avoid capital injections

A £3m fund designed to help social enterprises expand has closed after making only one investment in two years. Triodos, the bank operating the fund, said most social enterprises are not yet ready for large capital injections. “The recession is having an impact,” said Charles Middleton, Triodos UK managing direction. “But our experience was mainly […]

July 26, 2010 More
FSA to kill IFAs with commission ban?

FSA to kill IFAs with commission ban?

Has the FSA watchdog become mad and rabid just before being put down? That’s the question a lot of IFA’s will be asking after the announcement today that the FSA will ban commission sales from 2012. After sleeping through the financial crisis, and often taking token action in the event of breaches, the FSA is […]

March 26, 2010 More
Google Finance sends users to China!

Google Finance sends users to China!

Google Finance (http://www.google.com/finance) appears to be having problems today – with users being directed to a Chinese language version of the site. Google Finance is certainly no stranger to problems – screwy updates, tickers, and sections of data missing – problems usually associated with the massive amount of data Google has to rely on. However, […]

March 10, 2010 More
416 US banks in trouble

416 US banks in trouble

The US Federal Deposit Insurance Corporation (FDIC), which overseas American banks, says that 416 now fail its stress tests. While the FDIC will not reveal the identities of the failing banks, it has stated that they have combined assets of $299.8 billion. The result is the highest since 1994, when 434 banks were on the […]

Japan’s false economic recovery

Japan’s false economic recovery

Today’s news that Japan has stepped out of recession is, superficially, good news. However, before anyone opens the champagne, it’s worth pointing out that there’s nothing natural about Japan’s economic growth in the slightest. In April Japan unveiled a £100 billion stimulus package on top of previous stimulus attempts, resulting in a total boost of […]

Stock Market to crash again in 2009?

Stock Market to crash again in 2009?

Bob Janjuah, chief credit strategist at RBS, is predicting that we’re heading for another stock market crash this autumn. Before the bulls cry “doomsayer!”, let’s note that at a similar time last year Bob Janjuah successfully predicted the stock market crash for the autumn of 2008. Coverage is highlighted by Ambrose Evans-Pritchard at the Telegrah: […]

NAEA mistake: It’s Estate Agents over valuing property

NAEA mistake: It’s Estate Agents over valuing property

Surveyors are not undervaluing property as the NAEA claims – but instead, estate agents are over-valuing property. The National Association of Estate Agents today claimed that surveyors are purposefully under-valuing properties, thus adversely impacting the property market. This is especially when someone applies for a mortgage, only to find the mortgage lender will only lend […]

George Osborne forgets Bank of England created financial crisis

George Osborne forgets Bank of England created financial crisis

Today’s announcement of regulatory reform of the financial services sector by the Conservative Shadow Chancellor, George Osborne, initially seems a sensible suggestion. However, setting up the Bank of England to regulate banks to help prevent any potential future financial crisis fails to address two key points: 1. The Bank of England specifically and intentionally created […]

Gordon Brown set to fix unexmployment figures

Gordon Brown set to fix unexmployment figures

Today’s announcement by Gordon Brown of reforms to benefits for young people is old news and has already been tried by consecutive Conservative and Labour governments. As Project Work under the Conservatives, and New Deal under Labour, the entire process has been – and always has been – a complete sham designed to shunt people […]

Bank stress tests point to false hope

Bank stress tests point to false hope

The current optimism in the financial markets is being further encouraged by the release of data on the stress-tests for US banks. Unfortunately, we’ve become so used to seeing eye-watering high figures in news about banks that somehow the news that at least $75 billion more is required is somehow comforting. It’s worth remembering that […]

Welcome to the New Depression

Welcome to the New Depression

Recession over? April Fool! We’re seeing the message this week that the worst of the recession could be over. It seems a familiar April Fool’s message – we saw the same last year when stock markets enjoyed a brief rally after claims the credit crunch was effectively over. You might be easily led into thinking […]