Today’s Blog

It is rare that I come to the defence of a Bank. Poor Barclays has been used by the Government as whipping boys to show how macho they are with regard to the retrospective tax law change. First, tax avoidance is legal. Second, the person or people who should be held...

Today’s Blog

As the new proposed legislation goes through Parliament to change the FSA and the current financial services regulatory framework I hope the legislation make the following points crystal clear:rn1. The New organisations are responsible for the Financial Services...

Today’s Blog

This is an interesting article http://www.bbc.co.uk/news/business-17521020 I wonder what the comparison would be if they did include pension entitlements and healthcare benefits? There is a lot of resentment in the private sector about the generous public sector...

The Mortgage Market & The Euro Crisis

I do not share the same pessimistic predictions for the UK mortgage market if Greece leaves the Euro as the people quoted in the following article http://www.moneymarketing.co.uk/mortgages/brokers-fear-mortgage-rate-rise-in-greek-exit/1051939.article I think a...

Today’s Blog

I am of the opinion that given the amount we pay into the State in taxes that Long Term Care should be largely funded from the welfare state. Looking after the venerable elderly who have paid into the system should be taken up as a matter of honour for the political...

Today’s Blog

I am delighted that some lenders will lend to borrowers who have not received indefinite leave to remain in the UK. With such an international labour force in London there is a huge amount of demand for mortgage borrowing from non UK and non EU nationals. With the...