Category Archives: Business News

Hacking scandal set to diminish UK Plc

Every year Transparency International publish their Corruption Perception Index. It’s a guide to bribery and graft in every country in the world and based on information from respected organisations such as the World Bank, EU, OECD etc. For reference purposes, … Continue reading

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How Ireland’s addiction to property brought it to its economic knees

Here’s my very personal thoughts on my homeland for the From Our Own Correspondent show which went out today on the BBC World Service http://www.bbc.co.uk/iplayer/episode/p00fvjnx/From_Our_Own_Correspondent_From_Our_Own_Correspondent/ Ireland has a problem with property. Possibly it’s due to its troubled history with its … Continue reading

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Nationalised Irish banks wont end the horse trading with EU

Tomorrow will more than likely see the last remaining vestiges of an independent Irish banking sector stripped away.  The latest and this time proper stress tests carried out under the auspices of Blackrock Consulting will expose the fact that the … Continue reading

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Read his lips folks: George says ‘no new taxes’ in UK budget on Wed

The Chancellor has confirmed that there would be no new spending cuts or tax rises in next week’s budget. Speaking on the BBC’s Andrew Marr show George Osborne also said he would be raising the threshold below which no income … Continue reading

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HSBC to leave London? Not yet though UK bank levy means they’ve dusted down some suitcases

  As you can see from the official quote below, no decision has been taken yet and most of the advantages remain for staying in London – even though only 10% of HSBC’s turnover comes from the UK. A decision … Continue reading

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Asset freezing can be quite chilling for banks

It is not unprecedented for the assets of a ruling family to be frozen by UK authorities while they are still in power. The ruling junta in Burma, Saddam Hussein and President Milosevic of Serbia have all endured (or continue … Continue reading

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Asset freezing is not new but can be Chilling for banks

It is not unprecedented for the assets of a ruling family to be frozen by UK authorities while they are still in power. The ruling junta in Burma, Saddam Hussein and President Milosevic of Serbia have all endured (or continue … Continue reading

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Irish debt mgt office in Libyan talks

In response to the Sunday Times piece i’ve established that the Irish equivalent of the Debt Management Office – the NTMA – did indeed meet Libyan authorities last December but that it was at the request of the Sovereign Wealth … Continue reading

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Bigger democracy in a smaller nation – Iceland can teach us all

Iceland’s 319,000 people will get another chance to reject a plan devised by 3 governments which would see them repay around €4bn to the UK and Dutch exchequers over the next 2 generations. The mere fact that they will be … Continue reading

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Abandoning GMT

It looks as if the UK govt is set to publish proposals (not a white paper) this coming week about moving Britain onto Central European Time (CET). This is not official government policy but merely has the backing of a … Continue reading

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