It’s the end of February already..... the month of love is passing away, and the month of March will soon be upon us. Jamieson Financial Management Love Organising! We want to get your finances organised before the end of the Tax Year. Click here to find out how to take the first steps to get Financially Organised.
If you don’t think we can get you organised, perhaps you could be a contender for Britain’s messiest finances?
You must all think that I have got an obsession with the dreaded deficit. Well I have!
Last week on Question Time Yvette Cooper said, just as Ed Ball had, that the Labour Government would have halved the deficit in four years. She was then asked by David Dimbleby how much the deficit was but hadn’t got the faintest idea!
The deficit is actually £950bn as I have said and for Labour to have cleared half of it in four years plus of course that would have meant cancelling the increase which is £180bn per year would have cost them £400bn per annum a point they don’t seem to be able to understand. This compares with the £80bn that our wonderful coalition Government is paying so Labour would have been far worse but they would never have been able to cut to that extent anyway.
I did write to the Treasury to ask what they are doing about the deficit itself rather than half the increase and got a whole lot of political babble back which meant nothing but seemed to come to a figure of £111bn which is not anything like enough. If a lot of the waste quangoes etc. could be cut out completely a huge amount could be saved. For example if the NHS had one purchasing unit instead of many there would be huge economies of scale.
Later in the same programme Vince Cable seemed to think that the deficit is 9% of GDP when in fact it is about 70%. These are the people who are in charge folks or have recently been and yet they don’t know the most basic things.
You should just see the new pension regulations that are being brought in which are even
more complicated than things were before. It seems to be absolutely impossible for politicians to simplify pensions. If I could get the Pensions Minister to sit down with me for half an hour I could produce a regime which would be fair, easy to understand and could be explained on one side of A4.
Those of you who know me maybe interested to know that I have recently been elected as a Fellow for the Personal Finance Society which of course is quite an honour. I have no idea how this came about as I just got an invitation through the post to attend my own Graduation Ceremony.
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We would like to wish a Big
To Rosalind Ferguson from Gloucestershire for getting last month’s competition question correct; which was - What is the name OPEC short for. Also I wanted to know in what year was it founded. the Answer was;
Organisation of the Petroleum Exporting Countries
The year it was founded was 1960
The competition this month concerns genuinely English Motor Company which is about to three wheeler cars for the first time in 60 years.
I should like you to name the company and also name the unusual form of front suspension that they have on most of their vehicles patented I think rather over 100 years ago.
For people who visited my office there is a clue on the wall behind my chair.
The prize will be a bottle of good vintage wine on this occasion.
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