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Archive for November, 2008

Japanese Banks

Following the problems in the sub-prime lending market in America and the run on Northern Rock in the UK, uncertainty has now hit Japan. In the last 7 days Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that [...]

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A permanent 2p duty increase in fuel tax has been introduced in the pre-budget report, which despite being presented as revenue neutral, will mean that fuel prices will rise over the next year and beyond. The move to increase fuel duty by 2p has been introduced to offset the rate cut in VAT from 17.5% [...]

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Over the last 10 days our sales team have begun promoting our new property paper. The paper is of excellent quality and priced at just £299 per full colour page, great value for money. Southern Property Finder will be distributed via the advertising agents branches, local convenience stores and supermarkets. (see below) We are delighted [...]

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Have a great weekend!

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A cut in interest rates in time for Christmas became a virtual certainty yesterday. The current 3% rate is set to fall to 2.5% or even two. This would be the cheapest cost of borrowing since 1951 and equal to the lowest ever rate since the Bank of England was formed 1694.

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New Cash Machine.

This is one of those slow burning funnies.  It took me a while before I spotted the slot machine inside the cashpoint.

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Children In Need

Congratulations to The Flat Agency who have today been raising money for Children In Need. Andy Whitehead of TFA ” Is delighted that all the staff have taken part and so far they have raised nearly £750!” That’s fantastic, well done TFA!

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Last night I watched a really interesting programme on BBC showing investment in property verses Share Funds. I was surprised at the result. The question is: if you step back and look at property in comparison with other investments, is it really the money-spinner many of us have been led to believe?

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Rightmove today reported that up to 300 estate agents were quitting the service each month as they struggled to survive the property downturn. The firm, which last month announced it was cutting 20% of its workforce, said its agency membership was now 1,900 lower than the 12,600 peak a year ago.

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Just read this on propertyowl, What an idea, could help get you on the move! I am thinking of going into the house raffle/lottery/competition business. Why? Because people appear to be making cash from such activities.

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