Archive for the ‘Billionaires’ Category


Go-ahead for two-tiered Internet raises eyebrows: 247Moneybox.com takes a closer look


Friday, November 19th, 2010

Suggestions this week on the possibility of a two-tiered Internet in the future has certainly stirred things up. The remarks quickly became a trending topic on Twitter (as well as a discussion point here at 247Moneybox.com) as web users digested what it could mean for them.

The UK government looks likely to approve Ofcom plans to permit ISPs to abandon net neutrality and prioritise some kinds of Internet traffic. Ofcom recently completed a consultation on net neutrality, concluding that there could be a real economic benefit for a two-sided market to emerge, especially in areas such as internet TV.

The new communications minister Ed Vaizey agrees, preferring to rely on market forces rather than regulation. His stance will certainly be welcomed by leading ISPs. Both BT and Talk Talk said recently that they would be prepared to prioritise traffic from certain content providers for a fee.

However, consumer campaigners are opposed to any change which will threaten choice. “It will undermine the competitive nature of the Internet, and provide opportunities for market abuse,” said Jim Killock, executive director of the Open Rights Group.

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Real life ‘Monopoly’: who really owns land in the UK?


Thursday, November 11th, 2010

While many Britons are struggling to get within sight of, let alone grasp, the first rung on the property ladder, research has shown that a handful of individuals are major players when it comes to real estate.  A recent report by Country Life magazine reveals that 0.6% of the population owns 50% of the land.

The top private landowner, the Duke of Buccleuch and Queensbury, has over 240,000 acres in his possession. The Duke of Westminster owns an eye-watering £6 billion worth of real estate, including Belgravia and, Monopoly-must-have, Mayfair. Fancy indeed!

Vist 247Moneybox.com to see if our loan options might be suitable for you.

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