Archive for the ‘Government’ Category


Time travel? Not here, me old China


Thursday, January 12th, 2012

It was reported in the ‘Daily Telegraph‘ that the Chinese government regulator has banned TV stories about time travel because they are “frivolous” and do not respect history.

In a warning to TV production companies to avoid “incorrect” shows, the regulator criticised such shows that “casually make up myths, have monstrous and weird plots, use absurd tactics, and even promote feudalism, superstition, fatalism and reincarnation”, adding that such shows cause insult because they are “treating the serious history in a frivolous way, which should by no means be encouraged anymore”. It even included flashback scenes in the warning.

There is a current drive to produce “good quality, intrinsically Chinese” programmes.

But critics condemned the proposal and said it was the latest effort by Chinese censors to crack down on dissent.

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US debt crisis visually demonstrated


Tuesday, August 2nd, 2011

Sometimes even countries need a tailored loan solution to help them with their cashflow, maybe the US has taken the 247Moneybox.com route, and helped them avoid a world catastrophe ha ha!

America was fortunately saved when the ticking clock forced Congress into voting through a new borrowing limit. Obama spoke after a bill to cut spending by $2.4 trillion in two stages and raise the US borrowing limit by the same amount passed the Senate by 74 to 26 votes. But made his frustration clear about how this crisis had been artificially manufactured.

Looking to the future Obama said the goal was to “fight for what the American people care most about - new jobs, higher wages and faster economic growth”.

It is incredible to think of what the debt burden is on the US and a viral scale perspective is being bounced around the internet and social network sites at the moment. Showing the US debt burden in $100 bills, similar metaphors have been used, for instance the British debt burden in £50 notes was shown to reach into the atmosphere.

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April sees UK public borrowing hit £10bn


Thursday, June 30th, 2011

More ‘doom and gloom’, we’re afraid, after an article on thisismoney.co.uk says that official figures show an increase in public borrowing from £8.8bn the previous year to £10bn this April.

As if things couldn’t get worse for an already under-pressure George Osbourne, the figure represents a record monthly high – despite being less than the feared £10.9bn mark predicted by city analysts.

At 11.6% of GDP, the £163bn budget deficit – a figure that represents the difference between the amount of money borrowed and paid out over the course of the financial year – is worryingly close to the borrowing deficit percentage in Greece (which the BBC reports is 13.6% of GDP and not 12.7%).

It’s no wonder that the Con-Lib coalition government is suggesting that the deficit is ‘the most urgent issue facing Britain’ and have made plugging the gap their top priority (as opposed to those efficient Germans who had a deficit of 0% in 2008 before the credit crunch hit).

However, would it be better to adopt the US approach and continue borrowing whilst making cuts in certain areas? Here at 247Moneybox.com the office is well and truly split between red and blue…

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PMQs eat your heart out! Political fight goes beyond words


Thursday, March 17th, 2011

Finally we have found John Prescott’s political arena. A fight kicked off between Venezuelan MPs when socialist MP Henry Ventura forcibly tried to remove opposition member Alfonso Marquina from the speaker’s podium. The ensuing tussle resulted in comical flailing punches and a weak shoving match.

There were no winners, only losers, however the audience of the televised scuffle enjoyed minutes of seeing politicians embarrassed by their own lack of coordination, while the business suits made the experience resemble the average school playground fight, where neither side was willing to properly throw a flooring punch or inflict any serious pain. It took a number of minutes before the live broadcast was halted, though the reasons for doing so are unclear as the brawl seemed to provide the most interesting thing to come out of Venezuelan politics.

I think it can be agreed that this kind of behaviour should be encouraged in Westminster politics - anyone would pay to see MPs actually hold each other to account for once, and it might use up their valuable time spent embezzling expenses for a start. However, it might lead to the surprise appointment of David Haye as Foreign Secretary.

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Bank charges more than payday loans


Monday, December 13th, 2010

After Natwest finally reviewed and lowered their overdraft fees, it came to light this week that defaulting with a bank could be far more costly than a payday loan, which is often cited as having exorbitant fees. This is backed up by Money Saving Expert’s recent survey.

The government has issued previous warnings to banks to lower their overdraft fees and charges to consumers, however until now these have been ignored. After the multibillion pound bailout it is frustrating to taxpayers, who partly own these banks, to still be subject to the high and often very confusing charges.

To add insult to injury for the customer, banks do not have to include these sort of fees in their APR calculations for overdrafts.

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

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A pig is for life, not just for Christmas


Tuesday, December 7th, 2010

Well, that’s some statement given how much we all love ‘pigs in blankets’ on Christmas day, but this is serious!  Even the government has weighed in, giving advice to people who might be considering purchasing a ‘micro-pig’ as a present this Yule.

These little porkers are bred to be uber-small, unlike their farmyard brethren, and have become popular pets. However, the Con-Lib-Dems have warned that they are still farm animals and can grow much bigger.

Quoting from the Metro article this morning: “Pigs are subject to the same disease control measures and regulations as commercial livestock, says the Environment Department (Defra).”

“Remember that a pig is a farm animal and not a pet for Christmas,” said agriculture minister Jim Paice. “A micro-pig may sound like a popular gift idea but, beware, it can grow too big. I’ve already heard stories about micro-pigs outgrowing their homes.”

Micro Pig
Well, I never! What next? However, the www.247Moneybox.com pig is certainly for life and not just for Christmas.

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Full steam ahead for £8 billion investment


Friday, November 26th, 2010

The Government today announced a planned £8 billion investment in the UK railway network. It plans to introduce about 2,100 new carriages on the rail network, which will increase capacity on the network by 17% and enable an additional 185,000 passengers to be carried at any one time.

However, we still have 10 years to wait, as  Transport Secretary Philip Hammond admitted the carriages won’t come into service until 2019! Here at www.247Moneybox.com we think that’s an awfully long time to wait before we see improvements!

Commenting on the new carriages, Gerry Doherty, leader of the TSSA rail union, said: ‘Passengers will obviously be pleased that this will ease their cattle truck-style journeys but they still face a giant 30 per cent jump in their fares over the next four years just to pay for the privilege of a seat. So rail passengers will foot the bill now in their rail fares for improvements they won’t see for the next ten years.’

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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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A ray of winter sunshine as supermarket creates 7,500 new jobs


Tuesday, November 16th, 2010

Hurrah for Walmart! It seems that some companies out there are trying to aid the unemployment situation in the UK, as supermarket giant Asda, owned by US firm Walmart, today announced plans to create more than 7,500 jobs in the UK next year.

The UK’s second biggest supermarket chain said it would create all 7,500 jobs through new store openings, expansion of its home shopping service and its recent takeover of Danish supermarket Netto in the UK.

The prime minister David Cameron said only yesterday that the UK would still be a ‘great  economic power’ and that ‘the faster we can get our domestic house in order, the more substantial and credible our international impact is going to be’.

With companies such as Asda expanding, and hopefully more jobs becoming available, we here at 247Moneybox.com hope he’s right.

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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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