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johnrichmond

UK savers moving towards investment vehicles

The way people save has undergone a fundamental shift, but not a lot of people have noticed the change.

Traditionally, savers would put their money away into a savings account, where the interest rate would be reasonably competitive, with the highest rate accounts offering higher returns the less you touched your money (ie, notice accounts).
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Changing back to BT broadband

Well, it looks as though I'm finally moving ISP from Zen back to BT broadband, as I just called Zen for a MAC code.
It's a shame, really, as Zen has a far better reputation for service and support than BT, but the problem of wireless interference is a constant and annoying problem. Read more

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UK debt to kill economy?

The more I read about the impact of the financial crisis in the UK, the more it feels that the UK is doomed economically, and that the best option now while you have cash in Great British Sterling is to cash out and move aborad to somewhere more financially sound - ie, not threatened with collapse by the weight of its own debtRead more

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Phone vs broadband interference

I don't normally write about technical issues. Though I can use computer technology, it all goes over my head and I don't have a clue how it all works.
I've come across an interesting problem while setting up my home office, though - wireless interference.
I was originally with BT as my ISP for broadband, but after previous problems with the company I decided quality of service was more important than price, so I moved to Zen InternetRead more

The challenges for savers

One of the more highlighted features of the financial crisis is that savings rates have plummeted on savings accounts. Anyone who has diligently saved over the past few years now faces being punished by existing low interest rates for savers. However, now that the threat of financial collapse is receding, savers are reportedly worrying less about how safe their money is, as much as getting decent returns on savings. Read more

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Economic downturn about to get worse

This spring's green shoots are being increasing shown to have misplaced optimism, with economic conditions continuing to worsen within the UK - GDP continues to fall, and expectations of a recovery for next year remain muted.
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How banks are punishing us twice

The Royal Bank of Scotland just announced a staggering £28 billion loss.
While we’ve seen a number of banks declare billions in losses over the past year, and the process still continues, the RBS loss is going down as the biggest corporate loss in UK historyRead more