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    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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The great intrest rate rip off part 5


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Breaking news

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Stubborn inflation hits hopes of more QE

 

21 March 2012 12:00 AM

CPI falls less than expected, undermining prospects for a new burst of quantitative easing

 

 

James Moore: The bookies have lost, but otherwise business loves it

 

21 March 2012 05:05 PM

Budget View

 

 

 

Small store openings boost Sainsbury's profits

 

21 March 2012 09:13 AM

Sainsbury's heaped more pressure on rival Tesco today as growth in convenience shopping and its own ranges helped it deliver better-than-expected sales.

 

 

 

New store openings lift Ted Baker's profits

 

21 March 2012 09:10 AM

Ted Baker defied the gloom in fashion markets with a 12% rise in profits today, adding that its "exciting" overseas expansion plans should further boost prospects.

 

 

 

GMB attacks public sector jobs 'carnage'

 

21 March 2012 08:54 AM

A leading union today attacked the jobs "carnage" in the public sector after official figures showed a 381,000 reduction in the number of workers since the general election.

 

 

 

6,000 jobs at risk at stricken Game

 

21 March 2012 12:00 PM

Fears for the future of retailer Game intensified today after its shares were suspended and it admitted the business has no value.

 

 

 

Severfield-rowen dividend is hit as its rivals sharpen their knives

 

21 March 2012 12:00 AM

Cut-throat competition is still hammering the steel industry as the UK's biggest player slashed the dividend after a big drop in profits.

 

 

 

Cairn on the hunt for new opportunities

 

21 March 2012 12:00 AM

Cairn Energy is to spend some of its $1.2bn (£756m) cash pile finding new projects to balance its exposure to oil exploration in Greenland. The oil group, which unveiled pre-tax profits of $4.6bn for 2011 yesterday, accumulated the cash after it sold out of its vast Indian business last year, leaving its main assets in Greenland.

 

 

 

Boss of Debenhams urges aid for high street

 

21 March 2012 12:00 AM

The chief executive of Debenhams has urged the Chancellor to help ease the burden on retailers in today's Budget, as the department store chain delivered a rise in first-half sales.

 

 

 

Europe airlines count the cost of the slump

 

21 March 2012 12:00 AM

European airlines face losses of $600m (£378m) this year, the International Air Transport Association warned yesterday. This was because "many of the Continent's economies are in deep recession, air travel is highly taxed and [of] the additional costs of the EU's emissions trading scheme", it said.

 

 

 

Deal to tax Brits with Swiss accounts

 

21 March 2012 12:00 AM

Switzerland and the UK have signed an agreement to begin taxing funds held by wealthy British clients of Swiss banks from January, after altering the terms of a deal to appease the European Commission.

 

 

 

Recruits join the board at SuperGroup

 

21 March 2012 12:00 AM

SuperGroup has beefed up its board of directors with two new members after a series of setbacks.

 

 

 

UTV may sell its TV unit in Northern Ireland

 

21 March 2012 12:00 AM

UTV Media, the owner of Talksport radio, has hinted it could be interested in selling its television business in Northern Ireland.

 

 

 

BHP warns demand from China for iron is falling

 

21 March 2012 12:00 AM

Fears of a hard economic landing for China were reignited as BHP Billiton, the world's biggest mining company, yesterday said that the country's appetite for iron ore, which is used in steel production, is declining.

 

 

 

AstraZeneca antidepressant is dumped after trial failures

 

21 March 2012 12:00 AM

AstraZeneca's already thin drugs pipeline was battered again yesterday when the pharmaceuticals firm admitted that an experimental antidepressant, once hailed as a potential worldwide multibillion dollar-a-year blockbuster, had failed its latest clinical trials and would be dumped.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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21 March 2012 Last updated at 17:50

 

 

Osborne cuts 50p top rate of tax_59219853_59219848.jpg

 

George Osborne cuts the 50p top rate and the amount of income tax millions of lower earners pay - but pensioners face a future hit from the Budget. 251

 

 

UK economy 'to grow more quickly'

 

The UK economy will grow more quickly this year than previously forecast, Chancellor George Osborne says.

 

 

 

 

 

_56742616_013347144-1.jpgGame to file for administration

 

Struggling video games retailer Game Group says it intends to file for administration, following a suspension of its shares.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Government sees economy picking up

 

LONDON - The economy looks set to avoid a renewed recession and the recovery will pick up speed next year, Chancellor George Osborne said in his budget statement on Wednesday.

 

 

No impact on UK's AAA rating from budget proposals - Fitch

 

NEW YORK - Fitch Ratings on Wednesday said Britain's latest budget proposals show commitment to its existing deficit reduction strategy and do not impact its AAA credit rating.

6:57pm GMT

 

Osborne seeks boost to N.Sea investment

 

LONDON - The government unveiled plans to boost investment in the North Sea, giving oil firms certainty on the level of tax relief they will receive when they dismantle pipelines and platforms and introducing new tax breaks for some projects.

5:26pm GMT

 

Greek prosecutor charges banker with fraud

 

ATHENS - A Greek prosecutor filed felony charges against prominent Greek banker Lavrentis Lavrentiadis over a financial scandal that has led to the demise of small lender Proton Bank, court officials said on Wednesday.

World, 7:07pm GMT

 

Analysis: Europe's IPO market seen picking up slowly

 

LONDON - European stock markets are open for deals again after an eight month drought but with investors still hurting from last year's poorly performing flotations and many companies not expected to be ready until later in the year, the recovery may be slow.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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U.S. Finance Leaders See Much Reduced Risk From Europe

 

By ANNIE LOWREY 31 minutes ago

 

 

Top economic policy makers said Europe’s sovereign-debt crisis continued to weigh on growth, but its threat to the American economy has significantly diminished.

 

 

 

 

22debt-span-sfSpan.jpg

Andrew Harrer/Bloomberg News

 

Treasury Secretary Timothy F. Geithner, left and Ben S. Bernanke, the Fed chairman, testified before a House panel on Wednesday.

 

 

 

 

 

 

DealBook

 

dbpix-john-paulson2-thumbStandard.jpg

After Pressure From Paulson, Hartford Puts Units Up for Sale

 

By MICHAEL J. DE LA MERCED

 

The Hartford Financial Services Group said on Wednesday that it would put up most of its life insurance business for sale, acceding to demands from one of its biggest shareholders, Paulson & Company.

 

DealBook

 

dbpix-joseph-skowron-frontpoint2-thumbStandard.jpg

Convicted Fund Manager Ordered to Pay Morgan Stanley $10.2 Million

 

By PETER LATTMAN

 

A federal judge has ordered Joseph F. Skowron, the onetime star hedge fund manager of FrontPoint Partners serving jail time for insider trading, to pay $10.2 million to his former employer Morgan Stanley.

 

The Caucus

 

After 2 Amendments, Senate to Vote on Jobs Bill

 

By EDWARD WYATT

 

The Senate had three votes scheduled Wednesday -- two on amendments to tighten online investing rules and the third on the Jumpstart Our Business Startups Act, or JOBS bill.

 

H.P. to Merge Business Units

 

By QUENTIN HARDY 9:32 AM ET

 

Hewlett-Packard will merge its personal computer and printing divisions in an effort to cut costs, improve designs and gain efficiency, the company announced.

 

Sales of Existing Homes Slip Unexpectedly

 

By REUTERS 10:51 AM ET

 

Home resales in the United States unexpectedly fell in February, and the supply of properties on the market rose, a private trade group reported.

 

 

21solar-pic-thumbStandard.jpg

A Measured Rebuttal to China Over Solar Panels

 

By KEITH BRADSHER and MATTHEW L. WALD

 

The Commerce Department decided to impose the tariffs after concluding that the Chinese government provided illegal export subsidies to manufacturers in China.

 

 

GENERIC-thumbStandard-v2.jpg

Generic Drugs Proving Resistant to Damage Suits

 

By KATIE THOMAS

 

Lawsuits aimed at generic drugs are being thrown out across the country in the wake of a 2011 Supreme Court decision favorable to the drugs’ makers.

 

 

Justices Back Mayo Clinic Argument on Patents

 

By ADAM LIPTAK

 

The Supreme Court ruled that an abstract idea based on natural phenomena was not eligible to be patented.

 

rare-image-thumbStandard.jpg

Political and Construction Hurdles for Malaysia Rare Earths Plant

 

By LIZ GOOCH and KEITH BRADSHER 8:04 AM ET

 

The facility, outside a large city, has become a lightning rod for activists and residents concerned about possible radiation. Government leaders are wary that it could become an election issue.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

[/url]

 

Budget 2012: Osborne cuts 50p rate and reduces corporation tax

 

ADAMS-BUDGET-carto_2173620g.jpg

Chancellor upgrades growth forecasts, increases stamp duty on homes over £2m to 7pc, reduces top rate of tax to 45p, cuts corporation tax, and raises personal allowances to £9,205.

650 Comments

Budget 2012: key points

 

 

Budget 2012: the speech in full

 

 

Budget 2012: the winners

 

 

Budget 2012: the losers

 

 

Budget 2012 poll: what's your verdict?

 

 

 

 

Osborne's £3bn pension raid pays for tax cuts

 

pensioner_2172654g.jpg

Budget 2012: Four million pensioners will be £83 a year worse off after George Osborne took £3bn out of income tax allowances for older people.

621 Comments

Ed Miliband: this is a Budget for millionaires

 

 

Budget 2012: A City snapshot

 

 

 

This is not a Budget for jobs, says business

 

jobcentre_1119568g.jpg

Business leaders expected more out of the Budget 2012 to help them create jobs and curb youth unemployment. They were left disappointed.

15 Comments

 

Manufacturers: corporation tax 'no silver bullet'

 

manufacturing_2038076g.jpg

Rebalancing the British economy looks as “daunting as ever” manufacturers have warned George Osborne, denting a blow to one of the Coalition’s main ambitions for the economy.

1 Comment

 

Small firms see radical tax simplication

 

Treasury_1817406g.jpg

Budget 2012: The Treasury has set in motion a dramatic simplication of the way the smallest companies have to keep trading records and pay taxes.

12 Comments

 

Tax credits to 'keep Wallace & Gromit in UK'

 

 

 

 

BoE reveals crunch in small business lending

 

Budget 2012: Does Plan A still exist?

 

A Budget to bash baby-boomers

 

The real point of the Budget was to keep the Coalition together

 

Budget 2012: George Osborne averts a slow national rot

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Student Loans Are Predatory: Told You So

 

http://www.bloomberg.com/news/2012-03-21/student-borrowers-lack-understanding-of-loan-terms-study-shows.html

Almost two-thirds of U.S. student- loan borrowers misunderstood or were surprised by aspects of their loans or the student-loan process, a study shows.

About 20 percent of the respondents in an online survey said the amount of their monthly payments was unexpected, according to the study released today by
Young Invincibles
, a nonprofit group in
Washington
that represents the interests of 18-to-34 year-olds. The respondents had an average of $76,000 in student debt.

That's because the lenders, financial aid "officers" and counselors, all the way down to High School level all are vested in not making sure those terms are well-understood.

 

Something which will end up coming to the UK especially with ever increasing student fees.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Lyin' Ryan Is At It Again (Budget)

These guys never quit.

Ryan's "budget proposal" is out once again, just like last year.

And just like last year he's lying again. Let's count the lies:

Repeals President’s health care law; Advances bipartisan solutions that take power away from government bureaucrats and put patients in control;
No disruption for those in or near retirement;
Ensures a strengthened Medicare program for future generations, with less support given to the wealthy and more assistance for the poor and the sick

Then Medicare still goes bankrupt. The fact of the matter is that it is the demographic shift and the cost increases in medical care that are driving this train wreck. Remember that the boomers had not started to retire in 1980, yet we have seen 9.2% compound annual growth from 1980 to 2011 in federal medical spending.

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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New iFemineProduct Heat Problem

The problem isn't what people think it is on this folks...

’s new iPad runs“significantly hotter” than the earlier model when conducting processor-intensive tasks such as playing graphics-heavy games, according to
Consumer Reports
, which tested the device.

The newest version of the market-leading tablet computer ran as hot as 116 degrees Fahrenheit, the consumer-watchdog group said on its
website
. Consumer Reports used a thermal-imaging camera to record the temperature while playing the action game “Infinity Blade II.”

The issue is not so much that it may be dangerous (that level of heat is not) it is that heat has a severe adverse impact on expected battery life. Worse, since the battery is in close contact with the heat-producing parts of the unit (unlike a conventional laptop that tends to dangle the battery out back, much like a man's testes are outside of the core heat-producing part of his body) it is subject to all the adverse effect from the unit's heat production.

Oh yeah, did I forget to mention that the iPad's battery is not user-replacable? Therefore, when the warranty (1 year) expires, well....

...

 

All the literature you can find where formal studies have been done backs up the 5-7% charge capacity per year reduction assuming optimal storage, charge and discharge patterns, which are almost-never achieved in practice. For example you should never discharge your lithium batteries below 20% of capacity or charge them over 80%. You should store them with about half a charge in them in the refrigerator (NOT freezer!) when not in use. They should never be exposed to high temperatures or rapid-charged (which causes them to heat up internally.) And it's a good bet you violate every one of those recommendations with every single device you own.

 

I haven't looked to check over the 20% figure but please check yourself for accuracy.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Good for footballers and the City, bad for smokers and the old

 

22 March 2012 12:00 AM

Tax allowances for elderly cut and frozen. Further £10bn in welfare cuts signalled. Income tax for rich cut from 50p to 45p

 

 

BAE workers continue fight for jobs

 

22 March 2012 11:52 AM

Workers at a BAE Systems site have vowed to fight a decision to end manufacturing with the loss of hundreds of jobs.

 

 

 

ryanair.jpeg

Ryanair loses Icelandic volcano costs legal battle

 

22 March 2012 10:44 AM

Ryanair today lost the latest round in its legal battle to avoid paying for hotels, meals and drinks for passengers disrupted by delayed flights during the Icelandic volcano eruption in 2010.

 

 

 

Next weathers 'perfect storm'

 

22 March 2012 09:56 AM

Retail chain Next said it rode out the "perfect economic storm" today after £1 billion of online and catalogue sales boosted profits by 5%.

 

 

 

Kingfisher reports profits boost

 

22 March 2012 09:55 AM

B&Q owner Kingfisher hailed the success of its four-year turnaround today after seeing profits more than double to £807 million over the period.

 

 

 

Retail sales down by 0.8% in February

 

22 March 2012 09:39 AM

A gloomier-than-expected picture of the retail sector emerged today, fuelling fears over the strength of the wider recovery in the first quarter of the year.

 

 

 

shares_afpgetty.jpeg

GlaxoSmithKline to build UK biopharm factory

 

22 March 2012 07:32 AM

Pharmaceuticals giant GlaxoSmithKline unveiled plans to build its first new manufacturing facility in the UK in almost 40 years today.

 

 

 

Game admits shares are worthless as rescue fails

 

22 March 2012 12:00 AM

Administrators lined up for distressed retailer after talks between banks and OpCapita break down

 

 

BUDGET-CBI-afp-getty.jpg

Reduction in business tax is welcomed by the CBI

 

22 March 2012 12:00 AM

Business leaders welcomed the move to cut corporation tax by an extra 1p a year earlier than expected and eventually to cut it further to 22 per cent.

 

 

 

Good times are just around the corner, says OBR, but firms seem set to rein in spending

 

22 March 2012 12:00 AM

Move on, nothing to see. The Office for Budget responsibility yesterday said the economic outlook is "broadly unchanged" from November. Actually, just like its outlook for the public finances, the OBR was, in some respects, more optimistic about the growth picture yesterday.

 

 

 

Osborne on course to hit deficit target, says watchdog

 

22 March 2012 12:00 AM

However, depressed outlook for economy puts UK's AAA-rating at risk

 

 

 

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The Champagne flows in the city

 

22 March 2012 12:00 AM

The top rate of tax has been cut for high earners – and corks are popping in the Square Mile, finds Owen Jones

 

 

 

Ophir likely to bring in partners

 

22 March 2012 12:00 AM

Ophir Energy, the FTSE 250 gas and oil explorer, has admitted that it will look to bring in joint-venture partners for its east Africa fields "in the next 12 months".

 

 

 

Hardy's accepts £143m takeover offer from US rival

 

22 March 2012 12:00 AM

Hardy Underwriting, an insurer to Lloyd's of London, has accepted a £143m cash takeover offer from a US rival, in the latest bout of consolidation in the insurance and reinsurance sector.

 

 

 

New director for M&B, but it is still without a chief executive

 

22 March 2012 12:00 AM

The seemingly relentless turmoil on the board of Mitchells & Butlers continued yesterday when the pubs chain landed another new director.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

China scare sets FTSE on course for worst week of 2012

 

LONDON - Britain top share index fell on Thursday, heading for its biggest weekly loss so far this year as signs of slower growth in China, the world's second-largest economy, weighed on cyclical stocks.

 

EU watchdog tells ratings agencies to make changes

 

LONDON - The "Big Three" credit rating agencies must improve their explanations of downgrades, the sector's European Union regulator said in a report on Thursday, noting other shortcomings.

5:47pm GMT

 

"Granny tax" is hard sell for Conservatives

 

LONDON - The ruling Conservatives were pilloried on Thursday as a party pandering to millionaires and slapping a "Granny tax" on pensioners in a budget they defended as a spur to growth. | Video

UK, David Cameron 4:01pm GMT

 

Boeing backs rival in EU row, stands firm on WTO

 

GENEVA - Boeing threw its weight behind Airbus in a row over European Union airline emissions on Thursday, even as it refused to negotiate a settlement in a separate dispute with its arch-rival over aircraft subsidies.

Aerospace & Defence 6:54pm GMT

 

GSK confirms $800 million UK manufacturing investment

 

LONDON - GlaxoSmithKline , Britain's biggest drugmaker, confirmed plans on Thursday to invest more than 500 million pounds ($792 million) in manufacturing in Britain as it selected a north of England location for a previously announced biotech plant.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

[/url]

 

Eurozone 'poster child' Ireland slumps back into recession

 

dublin_2153680g.jpg

Ireland tumbled back into recession at the end of last year, dousing political claims that the "Celtic Tiger" has benefited from its tough austerity programme.

24 Comments

 

 

Budget: 'Families lost more than pensioners'

 

osborne_2174415g.jpg

The Institute for Fiscal Studies said pensioners were not as hard hit as families with children by the Chancellor's measures as it warned the Budget may turn out less fiscally neutral than intended.

159 Comments

Chancellor should 'go to bed worrying' about UK growth

 

 

1.3m on 'modest salaries' forced into higher rate of tax

 

 

Osborne faces backlash over 'granny tax'

 

 

 

VAT blow wipes £20m off Greggs shares

 

greggs2_1967568g.jpg

More than £20m was wiped off the value of bakery company Greggs on Thursday, following the Government's announcement that all hot takeaway food would be subject to VAT.

14 Comments

 

Jubilee china to outsell Royal Wedding

 

port_2174849g.jpg

Sales of commemorative china for the Queen's Diamond Jubilee could be double those seen for the Royal Wedding, ceramics manufacturer Portmeirion said, as it reported record revenues of £53.6m for 2011.

3 Comments

 

Glaxo to create 1,000 UK jobs after tax cut

 

pills_2047897g.jpg

GlaxoSmithKline, Britain's biggest drugmaker, has confirmed plans to invest more than £500m in manufacturing in Britain, creating up to 1,000 new jobs as a result of tax incentives introduced in the Budget.

99 Comments

JLR creates 1,000 new jobs in Britain

 

 

 

Luxury demand boosts Hermes

 

 

 

 

Retail sales suffer biggest fall in nine months

 

 

 

 

Next weathers UK's 'perfect economic storm'

 

 

 

 

B&Q owner Kingfisher in growth drive

 

Goldman Sachs hunting for 'muppet' in staff emails

 

muppets_2076287f.jpg

Bank scanning emails after explosive resignation letter by former employee.

 

Deutsche Bank keeps Game Group on "hold"

 

ps3_1780848g.jpg

Is it game over for Game Group? Trading of the video games retailer’s shares was suspended yesterday.

Comment

Place your bets for Osborne's big speech

 

 

 

 

Lawyers say "take that" to BGC chief Lutnick

 

 

 

 

Peacocks' voucher? Expect trouble at t'Mill

 

Budget 2012: Britain's post war tragedy in graphics

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

To Draw Reluctant Young Buyers, G.M. Turns to MTV

 

By AMY CHOZICK 1:54 PM ET

 

 

The goal is to solve one of the most vexing problems facing the car industry: many young consumers today do not care that much about cars.

 

 

 

 

23youth-span-sfSpan.jpg

Fabrizio Costantini for The New York Times

 

Ross Martin, left, of Viacom's creative strategy unit, is working with General Motors to help revive interest in cars among young consumers. Mr. Martin and John McFarland of Chevrolet are shown in G.M.'s headquarters in Detroit.

 

 

 

 

 

 

The Energy Rush

 

20120322ENERGY-slide-0UR5-thumbStandard.jpg

U.S. Is Inching Toward Elusive Goal of Energy Independence

 

By CLIFFORD KRAUSS and ERIC LIPTON 46 minutes ago

 

Declining consumption of oil and increased energy production have brought the United States closer to a goal that has tantalized many American presidents.

 

 

Senate Passes Start-Ups Bill, With Amendment

 

By EDWARD WYATT 2:32 PM ET

 

The measure, which would make fundamental changes in how small companies are able to raise money from investors, was sent back to the House.

 

 

DealBook

 

dbpix-tesla-thumbStandard.jpg

Tesla's Ambitions Fueled by Customer Down Payments

 

By PETER EAVIS 7 minutes ago

 

Tesla Motors is increasingly relying on customer down payments to finance operations as it fleshes out its lineup of electric cars.

 

 

23yuan-span-thumbStandard.jpg

Indicators Fall in China and Europe

 

By JACK EWING and BETTINA WASSENER

 

Signs of slowing manufacturing in China and flagging business sentiment in Europe compounded concerns about the global recovery.

 

Wall Street Slips on Global Data

 

By THE ASSOCIATED PRESS 12:03 PM ET

 

Stocks in the United States slid on continued signs of a weakening economy in China and disappointing indicators from some crucial sectors in Europe.

 

American Airlines Aims to Cancel Labor Contracts

 

By THE ASSOCIATED PRESS 1:47 PM ET

 

American Airlines will ask a federal bankruptcy judge next week to throw out its union contracts if it can't reach cost-cutting deals with labor unions.

 

Dip in Claims for Jobless Benefits

 

By THE ASSOCIATED PRESS 9:39 AM ET

 

The weekly tally of people filing for unemployment benefits dropped by 5,000 last week to a seasonally adjusted 348,000, the fewest since March 2008, the government said.

 

Premiere-thumbStandard.jpg

Fox Show Will Start Worldwide

 

By BRIAN STELTER

 

In a move to attract multinational advertisers and combat online piracy,“Touch,” a new drama from News Corporation, will start almost simultaneously in 100 countries and territories.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Housing Recovery? Economic Recovery? Forget It

Forget it folks.

When you add all this together with the demographic problems we have, you've got the ingredients for a disaster -- a disaster we are going to encounter sooner rather than later.

The amount Americans owe on student loans is far higher than earlier estimates and could lead some consumers to postpone buying homes, potentially slowing the housing recovery, U.S. officials said Wednesday.

Total student debt outstanding appears to have surpassed $1 trillion late last year, said officials at the Consumer Financial Protection Bureau, a federal agency created in the wake of the financial crisis. That would be roughly 16% higher than an estimate earlier this year by the Federal Reserve Bank of New York.

This is going to destroy retirements and those who currently own homes. You're finished folks.

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Oh Oh, Emirates Air Tells Truth?

Talk about burying the lede!

Emirates, the biggest airline by international traffic, said more carriers will go bust this year as fuel costs and sluggish economies undermine profitability.

“We can reel off a whole load of airlines that are teetering on the brink or are really gone,”
Tim Clark
, the Dubai-based carrier’s president, said in an interview. “Roll this forward to Christmas, another eight or nine months, and we’re going to see this industry in serious trouble.”

No no no, not that lede. That's the one Bloomberg wanted you to pay attention to.

THIS lede:

“You think you’re going to win, but in the long term you always lose,” Clark said yesterday at the Gulf carrier’s head office near Dubai International Airport. “When we enter into derivatives, betting whatever it may be with counterparties who actually control the price of fuel in the first place, you have to ask yourself, ‘Is that smart?’”

Aha -- truth. You enter into derivatives with those who have a license to steal as even if they misrepresent what they're selling nobody will prosecute them and if not they simply manipulate the market after selling you the position!

 

The bankers always wins. And if they don't they get a taxpayer bailout.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

You Know My Repeated Ragging on Douche-Bank?

How long will this game continue?

More questions about the stability and probity of German banking this morning following on from the rumour of the €1 Trillion hole in German banks.

This from the
21st March Wall Street Journal
,

Quote:

 

Deutsche Bank AG changed the legal structure of its huge U.S. subsidiary to shield it from new regulations that would have required the German bank to pump new capital into the U.S. arm.

The subsidiary is called Taunus Corp. It is the 8th largest Bank holding company in the US. Being listed not just as a bank but a Bank Holding Corp. has a very special perk, it allows the Holding Company to borrow from the Fed in times of crisis. Which Deutsche did.

Uh huh. And what sort of capital problem might there be? Nothing major -- other than near 50:1 leverage. As I've repeatedly noted just looking at the on-balance sheet numbers shows figures that are worse than the 30:1 levels at which Bear and Lehman blew up -- materially so. And this does not account for the off-balance sheet games which, if accounted for accurately, would make the picture look far more ugly than it first appears.

 

More at the link.

 

Looks like we are heading into another banking crisis.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Breaking news

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Loan repayments 'outstrip new borrowing'

 

23 March 2012 10:45 AM

Consumers have paid back personal loans, credit cards and overdrafts at the fastest rate for more than a year as their appetite for borrowing remains weak, a high street banking report said today.

 

 

 

Empty shops at all-time high

 

23 March 2012 08:53 AM

The number of empty shops hit an all-time high last month amid a post-Christmas series of retail failures, according to a survey published today.

 

 

 

BAE systems expands jets operation

 

23 March 2012 08:49 AM

Defence giant BAE Systems will today open a new manufacturing facility at one of its UK sites, marking another milestone in production of the F-35 military jet.

 

 

 

BT to pump £2bn into pension fund

 

23 March 2012 02:58 PM

Communications giant BT is to pump £2 billion into its pension fund this month in a bid to tackle a huge shortfall in the scheme.

 

 

 

BP strikes deal to drill new oil well

 

23 March 2012 12:00 AM

BP will begin a highly controversial campaign of drilling for oil in the deep waters off the Shetland coast within days, after a green light from the Government.

 

 

 

Royal Mail chairman Donald Brydon re-appointed

 

23 March 2012 10:56 AM

The chairman of the Royal Mail has been re-appointed for three years on an unchanged annual salary of £200,000, it was announced today.

 

 

 

CPC pays £35m for Siddons House

 

23 March 2012 12:00 AM

CPC Group, owned by Christian Candy, pictured, has snapped up part of British Land's former HQ close to Regent's Park in London for about £35m. CPC has bought Siddons House from developer Oakmayne Properties and will rent it to wealthy clients.

 

 

 

Henderson gets backing for Lochard coup

 

23 March 2012 12:00 AM

The fund manager Henderson yesterday stepped up its campaign to oust two directors of the North Sea oil explorer Lochard Energy, accusing them of presiding over a "prolonged period of destruction of shareholder value".

 

 

 

OFT sets out new code of conduct

 

23 March 2012 12:00 AM

New guidance from the Office of Fair Trading could herald the end of unwanted emails, texts and answer-machine messages offering debt management advice or credit-rating help.

 

 

 

'Excellent year' for Portmeirion

 

23 March 2012 12:00 AM

The ceramics maker Portmeirion had another "excellent year" in 2012 as demand from the US, South Korea and the UK continued to boom.

 

 

 

DFS hit as consumers cut spending

 

23 March 2012 12:00 AM

The sofa retailer DFS suffered a fall in profits yesterday but vowed to press ahead with its store opening programme, leaving it on track to create 500 jobs this year.

 

 

 

Royal gnomes add a regal touch to Jubilee for Kingfisher

 

23 March 2012 12:00 AM

Kingfisher, the owner of the DIY chain B&Q, is hoping for a regal boost to its spring sales from Diamond Jubilee gnomes, after growing its annual profits by more than a fifth.

 

 

 

Obama vows to speed up pipeline building

 

23 March 2012 12:00 AM

The political row over the stalled Keystone XL oil pipeline from Canada to the US escalated yesterday, when presidential plaudits for part of the project served only to highlight how the White House has blocked full approval.

 

 

 

Lloyds casts doubt over Co-op bank deal

 

23 March 2012 12:00 AM

A major question mark was raised over plans by Lloyds Banking Group to sell 632 branches to Co-op bank after the state-backed bank said the deal was proving "highly complex" and that a further market update would be needed within the next three months.

 

 

 

Wolfe's Travel Channel snapped up by US rival Scripps

 

23 March 2012 12:00 AM

The media and internet entrepreneur Richard Wolfe scooped up the best part of a £65m pay day yesterday after his Travel Channel International was bought out by the US media company Scripps International, which broadcasts the US equivalent.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

U.S. picks public health expert for World Bank job

 

WASHINGTON - The United States has picked Jim Yong Kim, a public health expert of South Korean origin, as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time. Full Article | Factbox

 

BoE's Weale says economy skirted recession

 

LONDON - Britain's economy has probably avoided another recession, Bank of England policymaker Martin Weale has said, although he warned the recovery would be choppy and that cash-strapped households would remain reluctant to spend.

 

Eni still owed over $1 bln in oil by Iran

 

MILAN - Italian oil and gas group Eni is still owed over $1 billion in oil by Iran and will be allowed to cash in the remainder because of its special status, Chief Executive Paolo Scaroni said on Friday.

2:15pm GMT

 

Price war heralds investment banking shake-out

 

LONDON - Investment banks fighting for survival in a world of stricter regulation and more expensive funding are embroiled in a price war as they battle to hang on to clients.

11:00am GMT

 

Bank regulators agree more leeway on liquidity rule - sources

 

- Global regulators are expected to allow banks greater flexibility to meet new short-term liquidity rules, according to sources with knowledge of the discussions.

12:54pm GMT

 

BoE urges banks to raise more capital soon

 

LONDON - Banks need to raise new capital as soon as they can, because the global financial system remains fragile despite action by the European Central Bank to shore up the euro zone, the Bank of England's new risk watchdog said on Friday.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

23 March 2012 Last updated at 15:49

 

 

Surprise US World Bank candidate_59267255_014336037-1.jpg

 

President Obama nominates Korean-born US academic Jim Yong Kim as his surprise candidate to be the next president of the World Bank.

 

 

_58833983_petrol.jpgPetrol price reaches record high

 

The average price of unleaded petrol reaches a new high of 140.20p per litre, according to industry analysts Experian Catalist.

 

 

 

BT pays £2bn into pension scheme

 

BT says it will pay £2bn into its pension scheme under a new nine year plan to wipe out the scheme's deficit.

 

 

Budget 2012

 

 

 

 

 

 

More from Business

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
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