Monthly Archives: March 2010

Green Bank??

Mmm…plans for a ‘Green Bank’….the government shove £2,000,000,000 in and Private Investment also puts in…then, together, they fund Wind-Farms, Rail-Links, Nuclear-Power-Stations….y’know, all the big stuff….
Sorry, nice try, seen it all before old chucks. Not so green here!
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Also there are government plans to provide ‘Broadband for all!!’

What on earth for?
If you want it you can get it…where’s the problem?
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There was a time when you might see an advert like this:
‘Make £1 MILLION in 3 YEARS! Our Booklet shows how!’

Now they write:
‘Make £1 MILLION in 3 YEARS! Get a council job!’

Not that I mind ANYONE earning £1 Million….the problem I have is….
….it’s ALL BORROWED!
🙁

Ahhh! Sort that hol. eh?

It was cold, misty and damp this morning here in Radcliffe. In such weather thoughts can turn to summer sun – yet to come this year! We hope that is! 🙂
Not sure where to go for a summer holiday…?
Mmmm…wotch this, then check-out the brochures or the ‘sites!

Got a few ideas now?

🙂

Yikes!

I’ve just seen a great number at the Mail site! WOW! Apparently the government’s Pubic Sector Pensions liability is…….

£900,000,000,000

That’s nine hundred billion pounds folks. And, also apparently, public-sector debt is mounting at £300,000 per minute.
(Sources Mail & Moneymail)

Y’know, the intriguing thing is, no one saw this lot coming….well, that’s not strictly true…but therein is another story!
🙂

🙁

Early Spring @ Lakeland.

Some stunning pics – as ever – from Tony @ Lakelandcam.co.uk. The ‘Beacon’ pics are from the ‘wall of light’ – Hadrian’s Wall, taken during last week.
Spring is (maybe!?) arriving…have a good weekend folks!
🙂
There’s a link to Lakelandcam…on the right…photo locations etc, are there.
🙂

Turnover v Profit.

Well done Tony! (erm, Blair that is) …on pulling £20,000,000 since 2007. Surely a great result eh?
Well, it reminds me a bit of Market-Trader Arnold Barnthwaite who, got isself a Tranny, then motored all over the place floggin’ bog-rolls and Rim-Flush-Refills – gawd he pulled a fortune and no shit! Some close to Arnie reckon he pulled £10,000 per year from this….sadly, after tax, deisel, stock loan repayments, insurance, stall-rents, MOT, tyre-bills, and a small-roomfull of other costs – he actually LOST about £3,000 a year. 🙁

Stories, like Tony’s above are great…but, often, it depends on who writes ’em!
(Story source – Mail)
🙂

Marketing.

Mmmm, some tasty figures about re the Nissan Car Plant at Sunderland. They’ll be making the new ‘Leaf’ lecky car shortly. Funded (! you might well cringe!) by a garage-load of tax-payer cash (that we haven’t got?!) and cash from European tax-payers – well that’s how I read it.

The plant will ‘safeguard’ about 4,500 jobs directly with a further 20,000 reliant (ah! those were the days! The old Robin eh? 🙂 ) on those.

UK government are stumping-up £20,700,000 with a further £197,300,000 coming from the European Investment Bank. Mmmm….how cosy for Nissan eh? They expect to make and flog about 50,000 Leaf’s initially – they’re battery driven – so have a limited drive-range and will need constant re-charging. So 50,000 bods will be plugging into the lecky grid night and day to keep mobile. (Can’t locate ‘Range’ figures.) (Can’t locate ‘Battery-Life’ figures.) (Can’t locate ‘Price’ figures) but there will be a £5,000 discount off price for buyers going lecky.
Mmmm…again, this old memory of mine harks back to the g(l)ory days of British Leyland….as far as I recall it never really made a cent – and cost us dear….this time the government (Mandy!?) has apparently set aside a swift £2,300,000,000 to assist ‘the car industry’.
Last year Nissan took a £380,000,000 loan from E.I.B. All well and good, but I thought firms were in business to MAKE a bit of cash – not just borrow it.
…and, in these heady days of borrowing both Private and public – where will 50,000 customers be found – eager and willing to punt?
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I read yesterday of Small-Business Owner(s) faced with dramatically increasing bank charges etc. One such was worried that, after 14 years of business, her small-business overdraft of £40,000, was now costing a fortune!

Mmmm….erm…Profit…it’s not ILLEGAL y’know!

Yet.
🙂

Marketing. The unknown ideal.

🙂
(Story sources beeb & Mail web-sites.)

Norty figures…

Ooooh! Public borrowing last month was up by £12,400,000,000 ! Gawd! Ocean Finance are really rakin’ it in!
And, due to the public sector ‘job’ increases, (126 per day last year!) the total public sector work-force is now a colossal; 6,090,000!
Sadly, the sector actually paying for all this actually shrank last year by 1440 jobs per day. Well, part paying for it.
🙁

Stephanomics…?

She does the money malarky for the beeb website. Stephanie…erm…anyway, she wrote today of ‘unemployment’ and employment.
Interestingly, at the end of the blog she wrote:
“…during last september to december public sector employment rose by 7,000, while Private Sector employment fell by 61,000 (!) – with jobs already under threat at town halls, a trend that must soon end?” (or summat like that)

Yes Steph. And not just town hall ‘public-sector’ staff. Rumour pervades that the beeb website is erm…surplus to erm…requirements…ooooh! Still, surely an economics guru will be ok.
🙂

The Mail also publishes unemployment trivia…8,160,000 people now ‘economically inactive’… 🙂

…which is, the Mail says, 21.5% of the working population.

That, in non-economist speak is a FIFTH! One in f…..FIVE!!!!

Time for economies Steph? Like YOUR salary?

Tough decision eh?
You see, after YEARS or real economics, I always know, that public-sector ‘cuts’ are okay – so long as they happen to someone else. That’s why they never happen. Just the opposite in fact.
🙁

Bad winter?

The beeb site reckons the bad weather earlier this year cost small businesses around £7,300,000,000. I can believe this. Personally I watched general sales drop to a TOTAL NIL in January. Last year January was one of our BEST months.
In the main our trade is very much of the ‘leisure’ industry type, so we expect a hit in bad times.
But, as massive public deficits plague ALL businesses – a watchful eye on food suppliers – especially road transporters of the stuff – is a word to the wise as tax is ever clawed back via oil derivatives and other road fuels. E.g. petrol will cost!!! very shortly!
🙂

Ooops! My mistake!

‘Government launches Free Money Helpline’…Yes, I was strangely drawn by such a headline today too! – of course it should read, ‘Government launches Free, Money Helpline.’ And, yes, the service – advice about money – from the… erm, government…is well, free.
Now, I’m all for this, but a teeny-weeny alarm-bell is just gently tinkling in moi ear-hole…if I ask for and take government advice re: money….do I end up in major debt?
🙂
Not to worry too much…last month’s mortgage borrowing SLUMPED (DM!) to a measly £9,100,000,000!!!!!!

The really FUN thing here is – most well-known financial pundits were WORRIED by this!
🙂