Thoughts on Finance, Current Affairs and General Consumer Ripoffs - Damn Lies and Statistics

 The Bill to pay compensation up to 80% of investment value for London Capital & Finance investors has now passed all the stages in the House of Commons and the Lords and received Royal Asset so can now be implemented by the government. As previous outlined the compensation will cover up to 80% of the maximum FSCS cover of £85,000 so anyone who invested that amount will receive a total of £68,000. This total will include any interest and dividend already paid by the administrators. Anyone who invested over the FSCS limit will also be capped at £68,000 compensation which could result in major losses for some investors. However it would appear the government has decided it would be unfair to compensate for losses above that level when the FSCS limit has been widely known and this investment was not covered by FSCS anyway as an unregulated product. The Bill states that compensation will be paid within six months of it being passed so investors should receive their money by the end...

 It might start to seem like a bit of a worn record but my previous blog posts about inflation seem to be being backed up once more.  Boris Johnson has claimed the current problems are all part of his plan to move to a high wage, high skill economy. The problem with this is that with wages going up and an insufficient supply of labour constrained along with  there is a very high likelihood of price rises feeding into inflation.  If the number of workers is lower than the number of employees that the country needs then increasing wages will just move the problem from one sector to another such as refuse lorry drivers moving to drive supermarket HGVs. Sectors with lower wages such as public sector will then lose out or have to ramp up wages to compete causing a spiral of wage growth but no extra people. https://www.bbc.co.uk/news/business-58811271 As a small example if you have 11 jobs in your economy and only 10 workers then as an employer you can increase wages which...