Browsed by
Tag: finance

The Illusion of Recovery

The Illusion of Recovery

I missed a great event by the Isle of Man JCC a few days ago, but was lucky enough that the speakers made their slides available. The talk was given by Stuart Cowan and Peter Robertson from Ramsey Crookall & Co. Ltd. and it’s packed with interesting bits. Check it out: The Illusion of Recovery – Presenation to the JCC (IOM) View more presentations from Owen Cutajar.

UK Interest Rates hold steady

UK Interest Rates hold steady

As was widely anticipated, it seems like the UK Interest Rates have remained fixed at 0.5%, the historic low they had dropped to in March this year. This is good news for people on tracker mortgages as it means their mortgages are still costing them very little. However, there’s a concern for home owners that new mortgages at those rates are impossible to find and people are getting locked into higher rate mortgages. Does this translate into more profit for…

Read More Read More

Get your head around your accounts

Get your head around your accounts

I was reading a post on Link4Business called Accounts Demystified that talks about how important it is for business owners to get their head around their company’s accounts and what they mean. Here’s how the problem is described: Accounting is viewed by most non accountants as a complicated and highly technical matter, and this is a view that is encouraged by the accountancy profession. But the truth is that it is based on a very simple principal which once understood…

Read More Read More

Recession: It’s official

Recession: It’s official

So, the official word is out, the UK is in recession for the first time since 1991. The technical definition of recession is when the economy shrinks for 2 successive quarters, and that’s just what happened. Last quarter the economy deflated by 0.6% and in the last 3 months, the economy slowed by another 1.5%. Considering that happened over Christmas, which is supposed to be one of the busiest shopping periods of the year. Granted, the rest of the economy…

Read More Read More

Insurance and Risk

Insurance and Risk

It’s interesting to note how many academic subjects end up being used in practical applications without most people being aware of what they’re actually doing. For example, you can look at subjects like mechanical engineering for example; where people who drive cars have no idea what’s going on beneath the bonnet. Another similar subject, is finance, particularly in the world of insurance. Insurance is really all about managing some sort of risk. The formal disciple, called risk management, has evolved…

Read More Read More

IVA – Get out of jail free?

IVA – Get out of jail free?

I was reading about a financial instrument we have available here in the UK called an IVA (Individual Voluntary Arrangement) which is a formal and legally binding agreement between someone in debt and his creditors. It’s not quite a free ride through because although the terms of may vary, creditors will expect that their prospects of recovering money will be at least as good as in bankruptcy. Creditors also don’t lose their right to bankrupt you if you don’t fulfil…

Read More Read More