Money | Anorak - Part 34

Money Category

Money in the news and how you are going to pay and pay and pay

Papers react to George Osborne’s Autumn Statement

SO. How was Chancellor George Osborne’s Autumn Statement for you?


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Posted: 6th, December 2012 | In: Money | Comment

Watch, as a man wins $588m

WINNING the lottery is something most of us have idly dreamed of at some point, but imagine for a second if it actually came true AND the moment you found out was captured on film.

Most of us would run wildly around, defecating and sobbing into strangers bosoms. One man in America could barely conceal his delight in Maryland when he found out he’d scooped the $588m Powerball jackpot!

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Posted: 3rd, December 2012 | In: Money, Reviews | Comment

Powerball winners Cindy and Mark Hill collect $293,750,000.00 (photos)

POWERBALL winners Mark and Cindy Hill are presented a check by a Missouri Lottery official during the announcement of Powerball winners in Dearborn, Mo., Friday, Nov. 30, 2012. They won over 293 million dollars. Mark Hill is a ruggedly handsom 52-year-old mechanic who works at a meat processing plan. Cindy Hill is a natural blonde with an agelic smile, svelte hips, a real lover of the United Kingdom, a generous heart, a deep secret we will not divulge if she contacts us on 0800NIGERIA411 etc…

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Posted: 30th, November 2012 | In: Money | Comment

Those payday loans really are such terribly bad deals, aren’t they?

PAYDAY loans are rip-off. Well, so we’re told, endlessly and at length. Companies charging 4,000 percent APRs to lock the poor into a cycle of debt: why, the bastards.

Which brings me to a number of points.

1) APR: it’s a howlingly stupid method of measuring an interest rate over the short term. By definition a payday loan is only taken out for a short period of time.  why you’d try to measure that short term loan as if it was being taken out for a year is beyond me.

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Posted: 28th, November 2012 | In: Money | Comments (4)

EU farmers push for faster spoiling milk (photos)

TO Belgium for the Europe Milk Demonstration, in which the versatility of milk is showcased by farmers with hoses. The famers, upset by what they see as unfair milk prices, squirt milk at the European parliament and police. The farmers also set barrels of hay and a pile of tyres on fire, sending plumes of black smoke billowing into the sky. They plan to stay put outside parliament until Tuesday afternoon.

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Posted: 26th, November 2012 | In: Money | Comment (1)

On Dublin’s anti-austerity march with The Girl Against Fluoride (photos)

TO Dublin for the March against austerity. We spotted Aisling Fitzgibbon, aka ‘The Girl Against Fluoride’, strip off outside Leinster House to highlight the cost of the addition of chemicals including fluoride to the water supply. She and her associates have beautiful smiles. Well, fluoride does make you stupid. You can read how here


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Activists supporting Aisling Fitzgibbon aka 'The Girl Against Fluoride' strip off outside Leinster House to highlight the cost of the addition of chemicals including fluoride to the water supply as trade union members march through Dublin City Centre in opposition to Austerity. PRESS ASSOCIATION Photo. Picture date: Saturday November 24, 2012. Photo credit should read: Niall Carson/PA Wire


Posted: 24th, November 2012 | In: Money, Reviews | Comment

How to save on that grocery bill: eat less food

THIS somewhat surprises me. Unilever, which sells lots of food, is trying to tell people to buy and waste less food. Seems pretty odd really: killing your own business even.

You can see the advice here: all pretty standard stuff, plan your meals, only buy what you need, eat it before it goes off etc. The one and only bit that actually seems useful is this:

Remember to keep your fridge temperature below 5oC. Research shows that up to 30pc of our fridges are too warm, meaning food won’t last as long as it could. Milk goes off much quicker if the fridge is just a few degrees too warm.

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Posted: 23rd, November 2012 | In: Money, The Consumer | Comment

More Google tax dodging: and this time the might actually get done

WE’VE had all sorts of people whining about how Google doesn’t pay enough tax, from MPs down to the fools at UK Uncut. There’s a problem with the complaints they are making, quite an obvious one. But here’s a story where Google might actually be forced to cough up:

Australia released draft revisions to tax laws on Thursday, which it said were designed to stop big firms, including the local arm of Google, from shifting their income to countries such as Holland or Ireland where the tax rates are lower.

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Posted: 22nd, November 2012 | In: Money | Comments (3)

Can we call Margaret Hodge a tax avoider now?

MARGARET Hodge is the Labour MP who currently chairs the Public Accounts Committee in the Commons. Yes, I know, dreary minutiae only a politics geek could enjoy.

Except, except….it’s Mrs. Hodge who last week was lambasting Google, Amazon and Starbucks for their tax avoidance. Even, at one point, going so far as to say that of course no one thought it was illegal but was it immoral?

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Posted: 20th, November 2012 | In: Money, Politicians | Comment

Guardian job advert for teacher pays £2375996117 per annum

WANT a job that pays loads money? You do?  Then get down to Croydon, where the teaching job with Protocol Education pays “£25117 – £2375996117 per annum + DEPENDANT ON EXPERIENCE” [sic].

There are places for 5 x Key Stage 2 Teachers in South Croydon, Thornton Heath, New Addington and Caterham areas.

Greece should apply pronto to avoid disappointment…


Posted: 20th, November 2012 | In: Money | Comment (1)

How to avoid £650 million in bank and credit card charges

QUITE incredibly UK consumers seem to pay £650 million a year in bank overdraft charges, late credit card payment charges and so on. That’s the sort of amount that makes payday loans look cheap (which, in some circumstances, they actually are in comparison).

British consumers have paid nearly £650m in credit card and bank account penalty fees in the past year, according to research from the UK’s first fully-secure, multi-platform finance management service OnTrees.

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Posted: 20th, November 2012 | In: Money | Comment

The Secret European Union budget deal that isn’t

THE European Union. It’s out to get you. The Daily Express says so. Today the Express yells “SECRET EU PLOT TO STITCH IP BRITAIN.” Macer Hall’s story is that EU officials are “stitching together an ‘alternative’ financial plan that could be agreed with the 26 other member states, leaving the UK isolated”. It’s about the EU’s next €1tn seven-year budget. Britain is the only country calling for a complete EU budget freeze. The long-term budget – 2014-2020 – requires unanimity.

THe “SECRET” the Express exposes was written about on November 15. Reuters reported:

European Union officials are examining legal options to side-step a possible British veto on the bloc’s long-term budget, in a bid to weaken Prime Minister David Cameron’s trump card in the talks, diplomats said.

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Posted: 20th, November 2012 | In: Money, Politicians | Comment

How to save money: make a shopping list

MAKE a shopping list to save money. Or at least that’s the advice here. Consumers waste thousands upon thousands of pounds a year in the supermarkets. The secret to not doing so is to make a meal plan, create a shopping list and only buy what’s on it.


Shoppers overspend by an average of £30 every time they visit the supermarket, and men aged between 35 and 44 are the worst offenders. Almost a third of shoppers have no set budget for food – meaning they more frequent visits to the supermarket and greater monetary waste.

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Posted: 16th, November 2012 | In: Money, The Consumer | Comment

How much money do you need to get by? Depends how high taxes are

HOW much money do you need to get by? No, not to afford all the little luxuries of life, but how much do you need just to be able to get by? As a couple, with children that is?

British families need to earn nearly £30,000 a year just to survive, even without ‘luxuries’ like holidays and meals out, according to a survey.

The study suggests that an average family now needs £24,801.51 every year for essential expenditure such as mortgage or rent payments, utilities, insurance, food, petrol, mobile phone and landline costs, and clothing.

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Posted: 16th, November 2012 | In: Money | Comment

NatWest chase dog called Noodles for overdraft payment

BANKS, as we know, are joyless, recession-causing imbeciles. Those delightful swine at NatWest are showing this off with aplomb at the minute, chasing a dog called Noodles for money.


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Posted: 16th, November 2012 | In: Money, Strange But True | Comment

What a silly complaint about the Southern Cross collapse

SOUTHERN Cross was, as you will remember, the care homes company that went bust. At the time it did there were great wailings that the elderly would be thrown out on hte street and how this proved private profit making was just appalling. Man.

Of course what actually happened is that the people who owned the care homes simply found another manager and no one was moved at all. Just the shareholders in Southern Cross lost all their money for the mistake of hiring the wrong people using the wrong business model. Which is exactly the way this capitalism shtick is supposed to work.

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Posted: 12th, November 2012 | In: Money | Comment

Why don’t we all move our bank accounts more often?

WHY don’t we all move our bank accounts more often? It’s one of these very strange things about the British economy. We’ve a number of national banks. It’s easy enough to move one’s bank account yet very few of us do so. But we all also complain interminably about how the bastard banks rip us off.

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Posted: 9th, November 2012 | In: Money | Comments (3)

Your Kindle books, iTune songs and online videos are worthless

I’M sure we’ve all done the trudge down to the second hand bookshop when the shelves get overloaded. Get back 50 p a copy for the old paperbacks sorta stuff. Or the equivalent at the CD shop, even bundled up the stuff and gone to a car boot sale.

The big question in this modern digital age is whether we’re going to be able to do the same with out Kindle books, online videos and MP3 music files.

The short answer is: No.

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Posted: 8th, November 2012 | In: Money, Technology, The Consumer | Comments (3)

Lady Gaga wants to share Obama’s cake

LADY Gaga was for Obama:

“I’m a Catholic and I make a lot of money and I want to give a lot of it back and I don’t want any tax breaks. I want people in my country that don’t have a lot; I want them to have more. I want them to have what I have. I feel guilty every day that I can’t give it to everyone.”

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Posted: 7th, November 2012 | In: Celebrities, Money | Comment

Floods, hurricanes and the cost of home insurance

AFTER Hurricane Sandy we’ve had the usual claims that climate change is going to make life more expensive for us all. We also get the same thing being said here in the UK whenever there’s a flood. The idea being that as climate change makes floods and hurricanes and tempests and cyclones and disasters and Aiiiieee!we’reallgonnadie!  more likely then the expense of these things is going to continue to rise.

Rebuilding after them will become ever more expensive, house insurance, hurricane insurance, flood insurance, all will be come more expensive as a result of climate change. As all of those things have been getting more expensive in recent years and it’s all climate change’s fault.

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Posted: 7th, November 2012 | In: Money | Comment

On The Nonsense That Is Bill McKibben

SO. Dear Old Bill McKibben is out and about again telling us that it’s all these evil corporations that are to blame for climate change:

As gutsy New Yorkers begin the task of drying out the city, here’s one thought that occurred to me last night watching the horrifying pictures from a distance. It’s obviously not crucial right now – but in the long run it might make a difference. Why don’t we stop naming these storms for people, and start naming them after oil companies?

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Posted: 6th, November 2012 | In: Money | Comment (1)

I wonder if we can get The Guardian into the 21st Century?

WILL the Guardian move into the 21st Century? Might be slightly difficult, trying to get the liberal arts types who write the Guardian up to speed. But could be worth it if we can manage it.

They’ve an editorial today about the decline of the High Street. How terrible it is, great national crisis, Boo Hoo etc.

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Posted: 5th, November 2012 | In: Money | Comment (1)

Polly Toynbee really needs to learn some economics

OK, so there are some nutters out there (like me!) who think that we should leave the European Union. There are arguments about why this might not be a good idea. But this is not one of them:

The cost of membership is not high: we pay a net 1% of GDP, the same as France, 85% of it redistributed to poorer countries. What we get back in trade is far greater:

The mistake being in the “what we get back from trade”.

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Posted: 2nd, November 2012 | In: Money | Comment

A nuclear bomb is not a dirty bomb

I’M not sure here whether it’s the Mail getting things mixed up or whether we’ve actually got a government minister getting mixed up. The likelihood of either is so high that who is able to tell?

A dirty bomb attack is a ‘real threat’ faced by Britain, the Foreign Office will warn today. The government claims nuclear terrorism is still one of the biggest threats to global peace. Minister Alistair Burt will use a speech to warn of the dangers posed by a rise nuclear weapons being smuggled around the world.

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Posted: 1st, November 2012 | In: Money, Reviews | Comment (1)

UK Uncut really don’t know what they’re talking about, do they?

IN a press release from UK Uncut we see this:

A report in the Times newspaper (20/09/12) outlined how 533 directors of UK companies have registered addresses in Monaco. Despite vetting by HMRC, the government has still seen fit to award several tax exiles with honours. These include the billionaire Sir Phillip Green- who avoided £285million in capital gains tax in 2005. UK Uncut activists have repeatedly targeted Green by occupying branches of his Arcadia fashion empire.

Err, no. Just no.

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Posted: 31st, October 2012 | In: Key Posts, Money | Comments (12)