Podcasts about Northern Rock

Gordon Brown Takes the Crown... Ed Balls and George Osborne relive the sliding doors moment that could have changed the course of British history - the 2007 election that never was.To listen to episodes 2 and 3 straight away, sign up to Political Currency Gold or our Kitchen Cabinet. Head to Apple Podcasts or www.patreon.com/PoliticalCurrency to find out more. Subscribers will also get exclusive access to 'The Inquiry' - our bonus episode where Ed and George give their reflections on the series.EPISODE 1: Gordon Brown had sat in Tony Blair's shadow for over a decade. But suddenly, in the summer of 2007, he had his chance. As Blair stepped back, Brown stepped up - from Number 11 to Number 10 - without a single vote being cast. On the 27th June, he visited Buckingham Palace, and accepted the invitation from Queen Elizabeth II to form a government.His first three months were somewhat chaotic. Before his first PMQs, he was dealing with terrorism attacks in London and Glasgow. An outbreak of foot and mouth disease came soon after, as did flooding across the country. And then came the runs on Northern Rock, the canary in the coal mine of the impending financial crash.George and Ed go 'Inside The Room' with Deborah Mattinson, Gordon Brown's chief pollster. Deborah and Ed were inside many of the same Labour war rooms together, as trusted lieutenants of the former Iron Chancellor, and they recall these positive early days of the Brown premiership. George, meanwhile, takes us inside the Tory camp of that era and David Cameron's struggle to land effective blows against Brown. We also hear from Andy Coulson, the Tory head of communications during that period.Producers: John Rogers and Miriam HallTechnical Producer: Danny PapeExecutive Producers: Ellie Clifford and Dino SofosPolitical Currency is a Persephonica Production and is part of the Acast Creator Network Subscribe now on Patreon Hosted on Acast. See acast.com/privacy for more information.

Dame Jayne-Anne Gadhia, former CEO of Virgin Money, discusses transitioning from running a major financial institution to founding a startup, working with Sir Richard Branson and why in fintech, there's too much emphasis on tech over finance.  Gadhia has held numerous prominent roles throughout her career, including CEO of Salesforce, retail managing director at the Royal Bank of Scotland and founder of Snoop. She discusses overseeing the acquisition of Northern Rock during the financial crisis of 2008 and why women in high-powered roles still earn less than their male counterparts.

In this bonus Q&A with Matt, he shares:His proudest moment and biggest failure in his career so farA trend that he is following in Talent Development right nowThe biggest challenge he sees in Talent Development todayBooks that have made a big impact on his lifeOne piece of career advice he has for youMatt Elliott is Chief People Officer for Bank of Ireland Group. He has led the culture transformation of the Bank, developing a company where all colleagues thrive.A passionate advocate for inclusion and diversity, appeared as a leading ally in the Financial Times lists for gender, ethnicity and LGBT+ inclusion.Prior to that he was Group People Director with Virgin Money as part of the executive team who successfully acquired and integrated Northern Rock, and listed the company on the London Stock Exchange.Connect with Andy Storch:WebsiteLinkedInJoin us in the Talent Development Think Tank Community!Join us at the Talent Development Think Tank ConferenceConnect with Matt Elliott:LinkedIn

Today we have a transformative episode featuring Matt Elliott, the Chief People Officer for the Bank of Ireland Group. With over two decades of experience in HR, Matt has led significant cultural transformations, particularly focusing on inclusion, diversity, and well-being.In this episode, we delve into:The competitive landscape that goes beyond banking to include tech giants, and how this competition positively affects the economy and organizational positioningInsights on how the Bank of Ireland has adapted post-pandemic, emphasizing HR transformation to prioritize employee well-being, mental health support, and the introduction of flexible work models.The importance of neuro inclusion, the impact of well-being programs, and the significant role managers play in promoting a supportive and caring work environmentHow Bank of Ireland's initiatives have led to improved employee engagement and a thriving workplace cultureMatt Elliott is Chief People Officer for Bank of Ireland Group. He has led the culture transformation of the Bank, developing a company where all colleagues thrive.A passionate advocate for inclusion and diversity, appeared as a leading ally in the Financial Times lists for gender, ethnicity and LGBT+ inclusion.Prior to that he was Group People Director with Virgin Money as part of the executive team who successfully acquired and integrated Northern Rock, and listed the company on the London Stock Exchange.Connect with Andy Storch:WebsiteLinkedInJoin us in the Talent Development Think Tank Community!Join us at the Talent Development Think Tank ConferenceConnect with Matt Elliott:LinkedIn

Watch here: https://youtu.be/pNLmQbvdnJc Matthew Ridley is a British science writer, journalist and businessman. He is known for his writings on science, the environment, and economics, and has been a regular contributor to The Times newspaper. Ridley was chairman of the UK bank Northern Rock from 2004 to 2007. Ridley is a libertarian, and a staunch supporter of Brexit. He inherited the viscountcy in February 2012 and was a Conservative hereditary peer from February 2013, with an elected seat in the House of Lords, until his retirement in December 2021.

And Eurozone inflation falls by more than expected.

We live in a legacy world of money. Our transactions are often still based on moving paper money around, and we have basically scaled this into a digital world. At the core of this is the lack of any real cryptographic trust in digitally signing transactions. For this, the Bank of England is now discussing a CBDC (Central Bank Digital Currency) [2]: And before you reach for Ethereum smart contracts and ERC tokens, there's a catch. This is not actually a cryptocurrency, but an electronic payment system. Basically, it will basically be a digital currency, and thus link these coins to a digital wallet which is held by a trusted payment entity (such as a bank or payment provider). The overall proposed architecture is to use a central bank ledger, which validates transactions. This would not contain any personal data on users and integrate at an API level. Access to this API for users would be through intermediaries — trusted and regulated payment providers. Users would not be able to interact with the core ledger without using an intermediary. Figure 1: Platform model [2] CBDC model To transfer funds in a traditional way, Alice contacts her bank and enables a transfer to Bob's bank. The transaction basically involves account numbers and sort codes and is transferred through a trusted payment gateway. This is identified with the purple line in Figure 2. In the CBDC model, Bob and Alice will own a digital wallet in their bank, and where Alice can move digital tokens from her wallet to Bob's. Overall, Bob and Alice can move money between their bank account and their digital wallet. The moving of their funds into the digital wallet gives lesser control of funds than the maintenance of bank accounts. Figure 2: Traditional payment v cryptographic payment In a traditional cryptocurrency system, Bob and Alice have a public blockchain wallet that contains their private key. In Ethereum, we transfer ERC20 tokens using a digital wallet. This digital wallet contains the private key to sign off the transaction. A smart contract then maintains a table of the owners of each of the ERC20 tokens issued. This relates to the wallet identifier as a hexadecimal address. This is identified as the red line in Figure 3. Figure 3: Cryptocurrency transaction using ERC20 tokens (red line) The state-of-the-art There are several existing models for a CBDC, including Project Hamilton, and which is a collaboration between the Federal Reserve Bank of Boston (Boston Fed) and MIT [1]: The targets are for a minimum of 100,000 transactions per second and for 99% of all transactions to be completed within five seconds. There should be no loss of funds in the event of a data outage, and privacy is a fundamental part of the design. An important element of the design is the use of intermediaries and custody. In terms of trust, we have intermediaries — such as banks, and payment service providers — and which are custodians of the digital wallet. But there is the opportunity for customers to own their own digital wallets — as with an Ethereum wallet. The model can then be “direct” — customer-to-central bank, or “two-tier” — central bank to intermediatory (Figure 4). Figure 4: Two-tier model — central bank to intermediatory The proposed method decouples fund checks with transaction validations. Funds are stored as a 32-byte hash value with an Unspent funds Hash Set (UHS) — Figure 5. The transaction has a similar format to Bitcoin. Figure 5: Unspent funds Hash Set (UHS) Economic concerns The speed of the transactions and the ease of access to digital currency could enable economic risks Reduced lending opportunities As the digital coins are moved to a wallet, they will thus be out of the control of a bank, which means that they could not lend the money to another person — which kinda defeats one of the main functions of a bank. If too much of this money was moved to wallets, it could cause the lending system to stall. Bank runs There have been many occurrences of runs on banks, including with Northern Rock. With this, customers queued to get access to the funds, and which generally slowed down the pressures on withdrawals. With a digital pound, this could be made much worse, as customers could withdraw their funds with a simple transfer. Banks could thus risk a run on their funds. Cybersecurity? Generally, we trust our banks to look after our money. With a digital wallet, attackers could target hacks, which could have lower levels of control on access to the wallet. A core part of the Bank of England's strategy for the digital pound is to develop resilience in both the technical and financial disuptions involved [2]: Technical challenges The enablement of a CBDC brings many technical challenges. Privacy and auditability There is a significant balance between privacy and auditabilty. The use of zero-knowledge proofs will allow for privacy within transactions, but this will hide the sender and recipient of a transaction. This privacy, though, can restrict auditability and reduce the opportunities for law-enforcement investigations. Programmability Most current models must have the full state transition of a transaction to be in-place for a transaction to go ahead (to avoid double spending). Within contract implementations, there may be intermediate states that allow for the digital pound to exist in an intermediate state awaiting an event. For example, Bob might commit to paying Alice for a new car, but she will not accept shipping the car until Bob commits the funds. Once she ships the car, the funds would then stay pending until Bob confirms its receipt. This smart contract associated with the transaction would thus need to store the state of the intermediary state, and not release the funds to Alice until there is a digital proof of receipt from Bob (Figure 6). Figure 6: Programmability Interoperability A major focus for the digital pound must be the interlinkage with existing Layer-2 payment channel networks. This would also support cross-border transactions but will require integration with other CBDCs in other countries. Offline payments In the likely model for the digital pound, there is an interaction between the central bank, and the transacting parties (Bob and Alice). In some circumstances, there could be no Internet connection, and thus there needs to be an offline transaction. This type of transaction will likely require a secret enclave to be setup on a hardware payment device so that the transaction could not be tampered with. Minting and redemption It is likely that the CBDC will be responsible for minting and removing the digital tokens. Each of these would be digitally signed by the issuing bank. But, the great risk here is the use of the private key to sign the transactions of the central bank. If an insider in the Bank of England gained access to this, then tokens could be issued or even removed by malicious entities — this is equivalent to printing forged bank notes. Productionization While models exist as prototypes, the scale-up to a national level would involve extensive design and implementation skills to make sure there were no ways to compromise the infrastructure. Denial of service attacks In a model where Bob and Alice own their private keys, there are no fees for a payment. This means there is no cost to support payment transactions, which means that it could be susceptible to a Denial of Service against the infrastructure — as it will not cost anything to flood the system with valid and invalid transactions. Likely mitigations here are rate-limiting, and the enforcement of a cool-off period before money can be respent on another transaction. Along with this, there could be proof-of-work transactions (such as computing a hash value of a given complexity for each transaction), or fees charged for a given volume of transactions. Quantum resistance Existing public key encryption methods — such as ECC and RSA — are at risk against quantum computers. The infrastructure that we create must be resilient to a medium-term attack against transactions. Currently, NIST has defined that Dilithium, FALCON and SPHINCS+ are the preferred solutions for digital signatures, and should replace RSA and ECDSA signatures. For key exchange, Kyber is recommended as a replacement for ECDH. It is likely that any digital currency will support these methods, alongside existing public key methods — but will migrate in time to the post-quantum robust methods. Conclusions It is an exciting time. A digital currency will open up new areas of innovation, but one slip-up could bring the whole of the financial infrastructure down in an instant. I repeat again, this is not cryptocurrency, but a trusted digital payment infrastructure. There are good opportunities to improve the detection of fraud and scamming, and truly move to a more trusted financial world. References [1] Lovejoy, J., Fields, C., Virza, M., Frederick, T., Urness, D., Karwaski, K., … & Narula, N. (2022). A high performance payment processing system designed for central bank digital currencies. Cryptology ePrint Archive. [2] The digital pound: Technology Working Paper, Bank of England, 2023.

BIO: Bill Blain is a well-known financier and commentator on financial markets, contributor, and editor of the Morning Porridge.STORY: Bill loves airships, and many of his investment mistakes involve airships.LEARNING: Ignore the worst and the best estimates and focus on the middle consensus. In a difficult market, a bid is a bid, and you've got to sell fast. “The market has one objective only; to inflict the maximum amount of pain on the maximum number of participants.”Bill Blain Guest profileBill Blain is a well-known financier and commentator on financial markets, contributor, and editor of the Morning Porridge. His day job combines his role as Strategist for Shard Capital, the leading investment management firm, and heading the firm's Alternatives Group – financing Private debt and equity deals and direct lending transactions. His clients include sovereign wealth funds, hedge funds, insurance and pension managers, credit funds, and family offices.Worst investment everBill absolutely loves airships, and many of his investment mistakes—unsurprisingly—involve airships. When Bill was relatively young, he discussed with his grandfather about going to Dundee. He told him about reading about it and his interest in airships. Bill's grandfather encouraged him to invest in that airship. Billy took his grandfather's advice and put his pocket money into the airship company. He lost all his money when the company folded a year later.A few years later, as a young banker again, the airship industry came up, and Bill thought investing in it would work this time. So invested and lost a lot.About 10 years ago, there was yet another airship. Bill tried to invest in it, but somebody else beat him to the race since it was a private equity deal. The guy who beat him in the bid lost all their money.Over time, Bill has also made other poor investment decisions, like buying UK bank stocks just before Northern Rock went into meltdown. He also once did lots of serious analysis and market research and concluded that all the world's growth would be in Southeast Asia. So he piled into Chinese stocks a couple of days before Ali Baba and Tencent were closed down.Another big mistake Bill made was with Tesla. He learned about Tesla very early on and thought it was interesting. He even invested in it. But his confidence in the stock evaporated because he let it get personal.Bill was distraught by the behavior of Elon Musk, particularly his attitude towards a British cave diver trying to rescue children stuck in a cave in Thailand. He felt the way Elon treated that diver, accusing him of being a pedophile, was unforgivable. So Bill decided to exit Tesla at that point. He decided for all the right moral reasons, and it cost him millions in the foregone upside that he would have made if he had held on to the stock.Lessons learnedMarkets are not clever themselves. They're not artificial intelligence. All they are is a voting machine.The market has one objective; to inflict the maximum amount of pain on the maximum number of participants.Things are never as bad as you fear but seldom as good as you hope.Ignore the worst and the best estimates and focus on the middle consensus.In a difficult market, a bid is a bid, and you got to sell fast.Bill's recommendationsAccording to Bill, a phone is the best resource for understanding what's happening in markets and what you should do. Bill recommends calling...

In this episode of 'Pull Up a Chair', Bina is joined by Sir John Kingman, Chair of Legal & General, covering how his experiences in positions at the very top of government and business have shaped his perspectives on investing for sustainable growth, and attracting Global talent. As former Second Permanent Secretary to HM Treasury, he was at the heart of the UK government's response to the 2008/9 financial crisis, managing the resolution of Northern Rock and negotiations around the refinancing of UK banks. Sir John was also the first Chair of UK Research and Innovation, overseeing government science funding of more than £8bn per year, and his eponymous review of the Financial Reporting Council in 2018 recommended the wholesale reform of audit and accounting regulation. Join the conversation on sustainable growth.

I live in Ottawa Canada, and I invest primarily in the US. This fact has given me a unique perspective on markets. I started my investing career by investing in my home market. I made my first investment in 2006. After that, you might remember there was this little event that started about a year later. The Great Financial Crisis had a global impact in many ways. I saw the opportunity to deploy capital into markets that had seen a dramatic fall in price. I was still new at investing in real estate and I made a lot of mistakes in those days. Fortunately, prices were so depressed, that the market would eventually wallpaper over those mistakes. There were some powerful lessons from the GFC. What were they? Were the lessons global in nature or local? Not everywhere was impacted equally. Some markets suffered more than others. In fact, when real estate prices went down in Miami Dade County by 45.5% from 2008 to 2012, prices in Ottawa Canada went up 32.7% over that exact same five year period. In 2008 when prices in Miami fell by 28% in a single year, prices in Ottawa Canada went up 6.3%. So the question is why was Ottawa Canada so stable throughout the great financial crisis? If the GFC was all about subprime mortgages in the US, then why was the first bank to signal a problem on August 9, 2007, BNP Paribas, the second largest bank in Europe the one to come forward with a press release stating that they were having trouble valuing three funds that were on its balance sheet. The first financial institution to collapse was Northern Rock, a bank based in the UK. But wait, this was a US problem wasn't it? What does Europe have to do with it? On tomorrow's show we're going to talk about what the GFC was truly about.

In the second part of our series on Northern Rock, Neil and Jonathan pick over the lessons from the 2007 collapse of the world's most famous ex-building society with former chancellor of the exchequer Alistair Darling, Stanford finance professor Anat Admati, and bank expert Dan Davies. As interest rates rise, and tremors course through financial markets, how much more robust is our banking system, and could the same meltdown happen again? Presented by Jonathan Ford and Neil Collins.With Alistair Darling, Anat Admati and Dan Davies.Produced and edited by Nick Hilton for Podot.Additional editing by Ewan Cameron.Sponsored by Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

For a few weeks in 2007, a small ex-building society in Newcastle became the world's most famous bank as TV news cameras showed customers queuing at branches for their cash. Initially seen as a Victorian throwback, it later became clear that the collapse was a warning of much wider problems to come. As worrying tremors again strike our financial system, Neil and Jonathan ponder the lessons of Northern Rock's failure in the first of a two part series with former chancellor Alistair Darling, ex regulator Howard Davies and banking expert Dan Davies. Presented by Jonathan Ford and Neil Collins.With Dan Davies, Alistair Darling and Howard Davies.Produced and edited by Nick Hilton for Podot.Additional editing by Ewan Cameron.Sponsored by Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

Sometimes career progression is a linear rise through the ranks, but other times, it's sporadic growth that shoots treasury professionals to their dream roles. Someone who's experienced this first hand is Chris McConnachie, the CFO at National Grid. Chris joined National Grid in 2008, occupying several treasury roles in London before moving to the US in 2012 to guide the US function through their Global Treasury Systems Implementation. From 2013 to 2015, Chris was treasurer of the company's US business and, more recently, served as NY Controller and Head of US Business Services before starting in his current role as CFO in 2021. National Grid is one of the world's largest utilities, focused on delivering energy safely, efficiently, reliably, and responsibly. As an international electricity and gas company, they are one of the largest investor-owned energy companies in the world and play a vital role in delivering gas and electricity to many millions of people across Great Britain and North-Western US. On the podcast we discussed… Chris' introduction to finance and treasury Chris gives some insight into his time at Northern Rock before its insolvency How Chris transitioned to the international treasury scene Why having a long-term view is beneficial How US treasury differs from UK and European treasury How Chris transitioned from a treasury role to a controllership role The right frame of mind for career progression Why considering multiple routes to a successful career is beneficial You can connect with Chris on https://www.linkedin.com/in/chris-mcconnachie-3434362a/ (LinkedIn). Are you interested in pursuing a career within Treasury? Whether you've recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company can help you in your search for the perfect job. https://treasuryrecruitment.com/jobs (Find out more here). Or, send us your CV and let us help you in your next career move! If you're enjoying the show please rate and review us on whatever podcast app you listen to us on, for Apple Podcasts https://podcasts.apple.com/gb/podcast/the-treasury-career-corner/id1436647162#see-all/reviews (click here)!

Matt Ridley's books have sold over a million copies, been translated into 31 languages and won several awards. His books include The Red Queen, The Origins of Virtue, Genome, Nature via Nurture, Francis Crick, The Rational Optimist, The Evolution of Everything, and How Innovation Works. His TED talk "When Ideas Have Sex" has been viewed more than two million times. He writes a weekly column in The Times (London) and writes regularly for the Wall Street Journal. As Viscount Ridley, he was elected to the House of Lords in February 2013. He served on the science and technology select committee 2014-2017. With BA and DPhil degrees from Oxford University, Matt Ridley worked for the Economist for nine years as science editor, Washington correspondent and American editor, before becoming a self-employed writer and businessman. He was founding chairman of the International Centre for Life in Newcastle. He was non-executive chairman of Northern Rock plc and Northern 2 VCT plc. He also commissioned the Northumberlandia landform sculpture and country park. He founded the Mind and Matter column in the Wall Street Journal in 2010. He won the Hayek Prize in 2011, the Julian Simon award in 2012 and the Free Enterprise Award from the Institute of Economic Affairs in 2014. He is a fellow of the Royal Society of Literature and of the Academy of Medical Sciences, and a foreign honorary member of the American Academy of Arts and Sciences. He is honorary president of the International Centre for Life in Newcastle. He has honorary doctorates from Buckingham University, Cold Spring Harbor Laboratory and University Francisco Marroquin, Guatemala. He is married to the neuroscientist Professor Anya Hurlbert. They have two children and live in Northumberland in the north of England.

A fascinating interview with Simon Laffin on what investors need to know about decisions made in the boardroom. Including, the most common problems facing a board. Simon's personal insight of his most uncomfortable experiences. How to spot fraud. LTIPs. The key financial metrics the Board should focus on. What to look for in acquisitions or bids. Forthright views from 30 years on different boards, all discussed in his new book Behind Closed Doors. Nuggets for investors to digest to be more aware of in their research. 00:18 Introduction 00:57 Simon's background and what inspired the book 01:57 Why this is of interest to investors 02:53 What are the most common problems in the boardroom? 05:39 Simon's most uncomfortable board experience? 12:07 The most important financial metrics for the board to be aware of? 20:30 Do Board Directors and The City have a good moral compass? 22:40 LTIPS and remuneration 29:06 Acquisitions 40:36 How can we spot a bad board? 45:23 The book: Behind Closed Doors: The Boardroom, how to get in, get on and make a difference; and where to find Simon. Amazon links to the books mentioned: Behind Closed Doors - Simon Laffin The Signs were there - Tim Steer Accounting for Growth - Terry Smith About Simon Simon Laffin is an experienced chairman and non-executive director. He has served on both public and private boards, as well as having worked in private equity and been a FTSE-100 CFO. He is currently a non-executive director at Dentsu Group Inc (a Japanese-based global media company) and Watkin Jones plc (a listed UK property company). Previously, he has chaired Assura plc, Flybe Group plc and Hozelock Group, and served as a non-executive on Quintain Estates & Development plc, Aegis Group plc, Mitchells & Butlers plc, and Northern Rock plc (as part of the rescue team). His early career stretched from being a milkman, working in a post-room, to being a store manager and CFO at Safeway plc. Simon is passionate about making boards work better, for directors to learn from their own and others' mistakes, for greater diversity at all layers of management, but especially in the boardroom, and for regulators to participate in helping boards make better decisions (instead of taking pot shots from the sidelines). Contact Simon through his website: http://www.simonlaffin.com/

Sign up to our newsletter for more in-depth insights | Follow us on LinkedIn The FT has described our guest on this episode as one of 30 most influential people in the City of London. Moreover in the world of public and private investing there is repeated acknowledgement of him being one of today's great investment thinkers. The firm he joined back in 2001, Lansdowne Partners, is widely admired amongst the global institutional investment community, and his perspectives and performance have been widely sought after. In this conversation, we discuss Peter's investing career to date, his approach to evaluating companies, public and private, the exciting IP being developed around Oxford University and why he is so excited about the business and investing landscape today, along with other important perspectives. Peter initially describes the formative early years at Mercury Investment Management, some of the lessons he learned about investing and building a successful investment culture. He then describes his decision to join Lansdowne in 2001 and why he wanted to exploit the long/short opportunity set. He describes the analysis undertaken to identify Northern Rock as a highly vulnerable institution and how they established a potent short position that was immensely profitable for their investors. He continues by discussing the work post the Great Financial Crisis that led them to invest in many global brands as well as being early investors in the major tech platform companies such as Google and Amazon etc. Fast forwarding he describes the move to become long-only, the investment culture that they have created at Lansdowne. which incorporates an important need to calibrate and understand a wide range of possible outcomes for each investment they consider. Peter then moves to talk about the UK investing landscape and the opportunities he believes exist in public and private markets. Specifically he discusses some of the opportunities emanating from Oxford University and why the vaccine success offers opportunities for significant leaps forward in medical and other productivity gains. He also explains why he feels UK political risk has been mispriced and the important investing opportunities he has identified. He describes his involvement with world class sports men and women, and learning lessons about decision making under pressure. He also talks about balancing time pressures, improving his own productive capabilities and lessons he would share with others.

The man the Daily Mail dubbed "The King of the Short Sellers", Evil Knievil (aka Simon Cawkwell) is Britain’s most feared bear-raider. A big man with a bigger reputation, Evil Knievil famously made £1 million by short selling shares in Northern Rock during its collapse. He also uses his knowledge and experience to buy shares, often resulting in the same devastating effect.

We've left 1985 behind and blasted forward through time to 2007 where we've been watching Spiderman 3 while queuing up to get our savings out of our Northern Rock bank accounts. We've also been talking about whether KT Tunstall is really as bad as Tracey previously thought, If rollerboots are cool or not, and whether Trent Reznor is a witch.We've each chosen our 10 favourite songs of the year and sent them over to Ian's wife Lydia, who put the playlists together and distributed them so we were each given a playlist of the 20 songs from the other two hosts, along with our own 10. We then ranked the playlists in order of preference and sent them to Colin's wife Helen, who totalled up the points and worked out the order. Helen also joined us on the episode to read out the countdown, which we found out as we recorded so all reactions are genuine.Now, admittedly, in parts we're a little bit brutal to some of the songs in the list as we're three separate people with differing music tastes, but please remember that to be in this episode at all the songs have to have been in one of our top 10's of that year. Bands featured in this episode include (In alphabetical order, no spoilers here!) - Arcade Fire, Band Of Horses, Battles, Between The Buried And Me, Bloc Party, Bright Eyes, The Chariot, Clutch, Edwyn Collins, The Fall, Girls Aloud, Grinderman, PJ Harvey, Richard Hawley, King Creosote, Avril Lavigne, LCD Soundsystem, Malcolm Middleton, Minus The Bear, Thurston Moore, Neurosis, Nine Inch Nails, Porcupine Tree, Radiohead, Mark Ronson ft Daniel Merriweather, Kelly Rowland, 65daysofstatic, Stars, Strike The Colours & Patrick Wolf.Find all songs in alphabetical order here - https://open.spotify.com/playlist/2jENZ7wGCfLRONGaYYKgao?si=yQKPgmNHSiWBQeOHX1_JHQ The playlist of 20 songs from the other two hosts was scored as usual, our favourite song got 20 points, counting down incrementally to our least favourite which got 1 point. The scoring of our own list of 10 is now slightly more complicated in order to give a truer level of points to our own favourites. So rather than them only being able to score as many points as our 10th favourite in the other list, the points in our own list were distributed as follows -1st place - 20 points2nd place - 18 points3rd place – 16 points4th place – 14 points5th place – 12 points6th place – 9 points7th place – 7 points8th place – 5 points9th place – 3 points10th place -1 pointHosts - Ian Clarke, Colin Jackson-Brown & Tracey BGuest starring Helen Jackson-Brown.Playlist compiling/distributing – Lydia ClarkeRecorded/Edited/Mixed/Original Music by Colin Jackson-Brown for We Dig PodcastsThanks to Peter Latimer for help with the scoring system.Say hello at www.facebook.com/wedigmusicpcast or tweet us at http://twitter.com/wedigmusicpcast or look at shiny pictures on Instagram at http://instagram.com/wedigmusicpcast We're part of the We Made This podcast network. Find all our episodes plus other brilliant shows such as We Buy Records, Pick A Disc, Giddy Carousel Of Pop plus Colin and Ian's other podcast Free With This Months Issue and loads more at http://wemadethispod.com/ You can also find all the We Dig Music & Free With This Months Issue episodes at www.wedigpodcasts.comSupport the We Made This podcast network on Patreon: www.patreon.com/wemadethis

We've left 1985 behind and blasted forward through time to 2007 where we've been watching Spiderman 3 while queuing up to get our savings out of our Northern Rock bank accounts. We've also been talking about whether KT Tunstall is really as bad as Tracey previously thought, If rollerboots are cool or not, and whether Trent Reznor is a witch. We've each chosen our 10 favourite songs of the year and sent them over to Ian's wife Lydia, who put the playlists together and distributed them so we were each given a playlist of the 20 songs from the other two hosts, along with our own 10. We then ranked the playlists in order of preference and sent them to Colin's wife Helen, who totalled up the points and worked out the order. Helen also joined us on the episode to read out the countdown, which we found out as we recorded so all reactions are genuine. Now, admittedly, in parts we're a little bit brutal to some of the songs in the list as we're three separate people with differing music tastes, but please remember that to be in this episode at all the songs have to have been in one of our top 10's of that year. Bands featured in this episode include (In alphabetical order, no spoilers here!) - Arcade Fire, Band Of Horses, Battles, Between The Buried And Me, Bloc Party, Bright Eyes, The Chariot, Clutch, Edwyn Collins, The Fall, Girls Aloud, Grinderman, PJ Harvey, Richard Hawley, King Creosote, Avril Lavigne, LCD Soundsystem, Malcolm Middleton, Minus The Bear, Thurston Moore, Neurosis, Nine Inch Nails, Porcupine Tree, Radiohead, Mark Ronson ft Daniel Merriweather, Kelly Rowland, 65daysofstatic, Stars, Strike The Colours & Patrick Wolf. Find all songs in alphabetical order here - https://open.spotify.com/playlist/2jENZ7wGCfLRONGaYYKgao?si=yQKPgmNHSiWBQeOHX1_JHQ The playlist of 20 songs from the other two hosts was scored as usual, our favourite song got 20 points, counting down incrementally to our least favourite which got 1 point. The scoring of our own list of 10 is now slightly more complicated in order to give a truer level of points to our own favourites. So rather than them only being able to score as many points as our 10th favourite in the other list, the points in our own list were distributed as follows - 1st place - 20 points 2nd place - 18 points 3rd place – 16 points 4th place – 14 points 5th place – 12 points 6th place – 9 points 7th place – 7 points 8th place – 5 points 9th place – 3 points 10th place -1 point Hosts - Ian Clarke, Colin Jackson-Brown & Tracey B Guest starring Helen Jackson-Brown. Playlist compiling/distributing – Lydia Clarke Recorded/Edited/Mixed/Original Music by Colin Jackson-Brown for We Dig Podcasts Thanks to Peter Latimer for help with the scoring system. Say hello at www.facebook.com/wedigmusicpcast or tweet us at http://twitter.com/wedigmusicpcast or look at shiny pictures on Instagram at http://instagram.com/wedigmusicpcast We're part of the We Made This podcast network. Find all our episodes plus other brilliant shows such as We Buy Records, Pick A Disc, Giddy Carousel Of Pop plus Colin and Ian's other podcast Free With This Months Issue and loads more at http://wemadethispod.com/ You can also find all the We Dig Music & Free With This Months Issue episodes at www.wedigpodcasts.com Support the We Made This podcast network on Patreon: www.patreon.com/wemadethis

In this episode we are delighted to be joined by ITV Political Editor Robert Peston, who shares his insights on the key challenges facing businesses and the industries where he expects to see most change in 2021. Robert Peston is ITV's Political Editor and host of their flagship politics and current affairs show, Peston. (https://twitter.com/Peston) Prior to his high-profile move Robert was the BBC's Economics Editor, revealing the stories behind the statistics and explaining the implications of domestic, European and global economic shifts. Before that, as Business Editor, he broadcast and published a series of exclusive and influential stories about the global financial situation. He revealed the crises at Northern Rock and RBS, the emergency rescue of HBOS, and the tumult around the credit crunch, bailouts and austerity. Before joining the BBC, Robert was City and Assistant Editor of the Sunday Telegraph, in charge of the business and money sections, and the FT's Financial Editor. At the FT, he was a member of the editorial board and earlier he served as its Political Editor, Banking Editor and founder of the investigations unit. Away from the cameras, Robert has also won plaudits for his online journalism, and he is the author of critically acclaimed books including How Do We Fix This Mess? In addition, Who Runs Britain? Both examine the causes and long-term implications of the 2008 financial crisis. Whilst his third title, WTF? takes a broader look at the world, what's gone wrong, and proposes possible solutions across politics, society and business. Amongst a wealth of journalism awards Robert has to his name, he has won the Royal Television Society's Journalist of the Year, Specialist Journalist of the Year, and Scoop of the Year (twice), the Wincott Prize for financial journalism, and the Broadcasting Press Guild's award for Best Performer in a non-acting role. Robert has written and presented a number of documentaries and factual series, notably four films about China's boom and possible bust, two on the EU referendum, three films on the financial crisis, and the popular series Robert Peston Goes Shopping. Away from journalism Robert is also the founder of the education charity Speakers for Schools, and the Chair of Hospice UK. To keep updated on other podcast episodes, follow twitter.com/SAPUKIreland

A conversation about being out of control starts off all middle class, veers wildly out of control and Simon and Lee end up struggling past thirst tweets.Get in touch with Lee and Simon at info@midlifing.net.Related links (and necessary corrections):How to pronounce stracciatella: https://youtu.be/K9JpVi_FanEGroundskeeper Willie has a Sardinian accent in the Italian version of The Simpsons: https://italicsmag.com/2020/08/03/sardinian-case-for-language-diversity/Bonce: https://www.collinsdictionary.com/dictionary/english/bonceThe Notebook is not a rom-com Simon: https://ew.com/movies/2019/02/06/what-is-a-rom-com/The Northern Rock crisis timeline: https://www.theguardian.com/business/2008/mar/26/northernrockFannie Mae (not Fannie AND Mae): https://en.wikipedia.org/wiki/Fannie_MaeRobin Williams does a bit of Martha Graham: https://www.youtube.com/watch?v=mXkApy0gkjMPhrasal verbs: https://en.wikipedia.org/wiki/Phrasal_verbJoe Scoglio (dancer): https://www.rambert.org.uk/performance-database/people/joseph-scoglio/Original story about dancing in Italian piazza: https://www.midlifing.net/1480717/6400684-until-one-day-we-go-to-eat-and-our-head-just-falls-into-our-platesArmie Hammer and cannibalism: https://www.huffingtonpost.co.uk/entry/armie-hammer-instagram-dms-response_n_60005d88c5b65671988c5656Kink shaming: https://www.psychologytoday.com/intl/blog/kink-outside-the-box/202008/kink-shaming-how-did-we-get-hereThirst tweets: https://www.buzzfeed.com/uk/tag/thirst-tweetsBussy: https://knowyourmeme.com/memes/bussyTaron Egerton (and not Daniel Radcliffe) learns about the word bussy: https://news.avclub.com/just-taron-egerton-learning-what-a-bussy-is-1835152836Call Me By Your Name: https://en.wikipedia.org/wiki/Call_Me_by_Your_Name_(film) ---The Midlifing logo is adapted from an original image by H.L.I.T: https://www.flickr.com/photos/29311691@N05/8571921679 (CC BY 2.0)Get in touch with Lee and Simon at info@midlifing.net. ---The Midlifing logo is adapted from an original image by H.L.I.T: https://www.flickr.com/photos/29311691@N05/8571921679 (CC BY 2.0)

Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization's ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?

Dame Jayne-Anne Gadhia and Richard Harpin join James Ashton to discuss starting a business in a pandemic, coping in a crisis, long-term ambition and being kind to yourself. Dame Jayne-Anne Gadhia is the founder and executive chair of Snoop, a banking app designed to help consumers save money on bills and day-to-day spending that recently raised £10m via crowdfunding. Dame Jayne-Anne spent six years at Norwich Union, before founding Virgin Direct and then Virgin One, which was acquired by Royal Bank of Scotland in 2001. Her next venture was challenger bank Virgin Money, which swallowed much of the collapsed Northern Rock. It listed on the stock exchange in 2014 and was bought by another lender, CYBG, in 2018. Richard Harpin is chief executive of Homeserve, the home repairs firm that helps more than 8m customers worldwide with burst pipes and heating breakdowns and runs the Checkatrade tradespeople website. He founded the firm in 1993 as a joint venture with South Staffordshire Group and successfully revived the business after it was hit with a giant £31m fine for mis-selling in 2014. Harpin’s business training came through Procter & Gamble’s brand management programme and a stint as a management consultant at Deloitte. Now he backs entrepreneurs by investing in promising start-ups. Leading is supported by Lockton, the world’s largest privately-owned, independent insurance broker. Lockton's independence means its 8,000 associates worldwide are free to focus solely on their clients' risk and insurance needs. To hear more from Lockton experts, please visit locktoninternational.com/gb/insight For further details of this series, follow @leadingpod or go to leadingpod.com James Ashton’s book The Nine Types of Leader (bit.ly/NINEbook) is available to order now.

On this episode I interview Dave Algeo who talks amongst other things about being stressed out and the damage of the 'shut the f*ck up type of attitude' when it comes to mental health. On work-life balance Dave says; "I like the perfect imbalance idea. I remember when work-life balance became a thing. I get it but the world of life is far more complex." Dave spent a number of years working in the police force before setting up his own business in 2006 in the world of learning and development. His focus tends to be in the space of resilience and mental health and helping those feeling stressed out. Host of Man Sprouts the podcast, Dave can often be seen and heard talking about vegetables! For those that remember Crackerjack, the losing contestants would often be saddled with cabbages! Having gone through his own stress and fallen into arrears with his mortgage at Northern Rock; he's some how been able to use his own experience to positive effect. He loves to learn and loves to turn this into learning and teaching for others; making a difference in the long term not just in the moment. If you enjoyed the interview with Dave then please do start a conversation with him on; Twitter Instagram LinkedIn Facebook YouTube You can also find more details on their website If you liked this episode then please do leave the show a rating and review on iTunes or the platform that you use to listen to podcasts. --- Send in a voice message: https://anchor.fm/perfectimbalance4/message

We are joined in this episode by Jayne-Anne Gadhia, Founder and Executive Chair at Snoop. Jayne-Anne talks to us about building a career and continuing to innovate in the face of uncertainty, from Norwich Union to Virgin Money and their eventual acquisition of Northern Rock after the financial crisis. Jayne-Anne also talks about how Snoop, and open banking more generally, are responding to customer apathy with traditional banking and delivering meaningful and actionable insight to customers, while offering some reflections on what diversity in business should mean today.

Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization's ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?

Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization’s ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?

Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization’s ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?

For this engaging podcast, Graham Wylie and I met with Alex Little - EMEA hub leader Global Workforce Operations at Avery Dennison - Alex has worked in the Payroll industry for over 20 years. Based in the North East of the UK, Alex started her career processing UK payrolls for Northern Rock.Alex's role has expanded from processing payrolls for the UK and grown to cover countries like France, Ireland, Scandinavia and Israel.Alex's passion for payroll punctuates the podcast as she shares her personal experiences and the steep learning curves she traversed throughout the projects she has managed. Alex credits building relationships and communicating with your colleagues as the keys to success and shares how stepping out of your comfort zone can reap the greatest rewards.

Joining me today is Dan Bolland. Dan is currently a Partner at Sia Partners, having undertaken a varied career underpinned by driving improvements in process and performance. He has predominantly worked in the Financial Services space, undertaking pricing and profitability focused roles at HBOS, Northern Rock and Barclays before transitioning into more consultative roles at KPMG and now Sia. Dan has some great advice to share and articulates his points through some excellent analogies. You can also visit my YouTube channel for recent video and face-to-face interviews. www.successinfinance.co.uk

British MPs are urging the government to intervene and help 170,000 "prisoners" who are trapped it mortgages with high interest rates. Many of the borrowers are lower paid frontline workers, like nurses and hospital workers, who have no choice but to pay up to double the interest they would be charged on a normal competitive mortgage. They cannot re-mortgage to a cheaper deal offered by other lenders due to stricter affordability rules brought in by the Bank of England after they borrowed the money. MPs are now calling on the government to order regulators to investigate the profits firms make from the borrowers. They want the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA) to consult and introduce a cap on so-called “standard variable rates”, which will help all borrowers coming out of fixed or discount rate mortgage deals. Hundreds of thousands of borrowers are unable switch mortgages because their loan is too high against the value of their home or because they are now too old to re-mortgage. This leaves them at the mercy of their lender which can legally charge whatever rate they like. The FCA reformed the affordability rules last October to allow lenders to help mortgage prisoners with cheaper home loans, but no lenders have changed their criteria. Borrowers with bankrupt lenders, such as the Northern Rock, are prisoners to the new owners who are neither offering competitive products or looking after their borrowers. Some borrowers have been paying between 6% and 9%pa after coming off initial fixed rates several years ago. Self-employed have only days left to apply for government grant phase 1. If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim from 17 August 2020. You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant. Find out more about the extension to the scheme.  Apply here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#extension In this Money Tips Podcast episode:   Nationwide starts lending again to riskier home buyers Travellers arriving in the UK from dozens of countries no longer need to self-isolate  Rules relaxed for arrivals from more than 70 countries and British overseas territories Beauty salons and “open air gyms” allowed to reopen with more reopening to follow Eat out to help out meal deal scheme launches in August to help hospitality sector Stamp Duty slashed until 31 March 2021 by raising the threshold to 500,000 Chancellor Rishi Sunak keen to boost the property market and “build build build” New planning rules will open up more opportunities to make money in property Opportunity is everywhere for everyone, especially in property! But you have ACT!  Even the 'Secret law of attraction' requires you to get off your ass and TAKE ACTION! Homeowners will get vouchers of up to £5,000 for energy-saving improvements The poorest will receive up to £10,000 in £2 billion energy saving grant scheme Will your job be one of millions phased out by automation, innovation and AI? You don’t need your own money to create a second income in property  Time to your economy or Uconomy started whatever the economy is doing! You can create a second income during the lockdown…and come out stronger Learn how to make money from property without deposits, mortgages or cash   Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.  Are you ready to adapt to the new economic model? As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?  By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com E-Commerce Cashflow 19th July, 2020 7:00 PM (UK) Learn how to... Build a profitable e-commerce business in less than 90 days. Replace your income in months. Help get the products to people that they need the most. Be able to spend more time doing what you love, with the people you love. Join the free training here: https://bit.ly/3gLXaKW See omnystudio.com/policies/listener for privacy information.

British MPs are urging the government to intervene and help 170,000 "prisoners" who are trapped it mortgages with high interest rates. Many of the borrowers are lower paid frontline workers, like nurses and hospital workers, who have no choice but to pay up to double the interest they would be charged on a normal competitive mortgage. They cannot re-mortgage to a cheaper deal offered by other lenders due to stricter affordability rules brought in by the Bank of England after they borrowed the money. MPs are now calling on the government to order regulators to investigate the profits firms make from the borrowers. They want the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA) to consult and introduce a cap on so-called “standard variable rates”, which will help all borrowers coming out of fixed or discount rate mortgage deals. Hundreds of thousands of borrowers are unable switch mortgages because their loan is too high against the value of their home or because they are now too old to re-mortgage. This leaves them at the mercy of their lender which can legally charge whatever rate they like. The FCA reformed the affordability rules last October to allow lenders to help mortgage prisoners with cheaper home loans, but no lenders have changed their criteria. Borrowers with bankrupt lenders, such as the Northern Rock, are prisoners to the new owners who are neither offering competitive products or looking after their borrowers. Some borrowers have been paying between 6% and 9%pa after coming off initial fixed rates several years ago. Self-employed have only days left to apply for government grant phase 1. If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim from 17 August 2020. You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant. Find out more about the extension to the scheme. Apply here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#extension By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast. There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. If you’d like further information on how to survive the crisis and even quit the rat race, email me at Charles@CharlesKelly.netor send me a message through Facebook or my Money Tips Daily community. See more articles at www.moneytipsdaily.com E-Commerce Cashflow 19th July, 2020 7:00 PM (UK) Learn how to... Build a profitable e-commerce business in less than 90 days. Replace your income in months. Help get the products to people that they need the most. Be able to spend more time doing what you love, with the people you love. Join the free training here: https://bit.ly/3gLXaKW

In an exclusive webinar, Master Investor brings you Simon Cawkwell, aka Evil Knievil. The man the Daily Mail dubbed "The King of the Short Sellers", Evil Knievil (aka Simon Cawkwell) is Britain’s most feared bear-raider. A big man with a bigger reputation, Evil Knievil famously made £1 million by short selling shares in Northern Rock during its collapse. Evil now writes exclusively for Master Investor. Evil discusses all things investing.

Pure and unadulterated Whale & Mintz. The one where David and Simon explore the latest industry news and discuss Josh Phegan, Andy Overman, Stephen Brown, Luke St Clair, rival podcasts, the Coronavirus, the Guild Conference, Fine and Country conference, Countrywide and LSL merging, Pornography at work, MIPIM, Purple Bricks, Christopher Watkin, AI, White collar fraud, tax evasion, going mainstream, news, Steven Spielberg, Air BnB , Uber, Netflix, Britflix, Hotels, Ask Whaley, Branch Managers, Tom McGee, Amy Hansen, Abigail Grey, Rachel Pattison, Northern Rock, Oliver Reed, Gregg's, Muggabe, Do It For Dom, Treadmills, Peloton, takeaways, Instagram, Vinyl, Active Wear and much, much more...

Prominent business disasters such as the collapse of Enron and Northern Rock, to such devastating events as the BP Texas City oil refinery explosion, are very often blamed on Company Boards and Governance. But many of these disasters happened in times that were not as turbulent as they are today. A recent report done by Deloitte on the challenges of Boards, states that “The way in which Boards do their work at this time will be a critical factor in an organization’s ability to emerge from the current crisis and push forward into a new era of economic recovery and opportunity for the benefit of all stakeholders.” In this episode, we pose the question: Are Boards up to governing in these challenging times and do they have the proper governance that can help guide them through rough times and onto recovery?

James Faulkner interviews Evil Knievil, the man who made £1 million shorting Northern Rock. Evil discusses the recent market-sell-off, the gold price and a few stock-specific situations he finds interesting right now.

Property is one of the safest and most lucrative investment opportunities. If you have been procrastinating buying your first property, or delaying starting your property business, Kevin has ten reasons why you should start investing in property today. Property is great to leverage, you'll get instant equity, and it gives you a better return than any bank will these days. Listen to the ten reasons why you should be investing in property right now.   Key Takeaways   Population Growth. The UK population has increased, a record, 8% in the last decade. This is getting bigger every day, and there is no more land so there is a housing shortage. We're not building homes quick enough, which is pushing house prices up. There are 100s of thousands of empty properties that are ready to be brought back to the market. Generation Rent. We are right now living in generation rent because people can't afford or don't want to buy their own house. Throughout history, we have a much more own-house mentality in the UK compared with other Europen companies. The average age for a first-time buyer is mid-30's. A quarter of the UK population will rent by 2021. Property allows you to leverage money more than any other investment class. The same £100,000 goes a lot further than investing in stocks and shares even if the property market goes up half of what stocks and shares do, you'll still get good cash flow. You can leverage everything including estate agents, letting agents and solicitors to make sure your time is used most effectively.   Instant Equity. You can make equity on the same day when you purchase property. You can think about the potential future value of a property where you turn a 3-bed house, to a multiple ownership house. You can add instant equity, over a matter of weeks.   People always tell me they are always waiting for the right time to buy property after Brexit for example. You should always just buy now. It doesn't matter about Brexit or a recession but it matters that you buy property now and make money now. Don't try and guess whether the property will make you money in the future because that's gambling.   Section 24. This means that landlords, anyone who has more than one property, will no longer be able to claim their mortgage payments as a tax-deductible expense. A lot of landlords had been buying properties in their personal name so they have moved from profit to loss. To avoid this you have to buy properties as a limited company. This means that there are a lot of properties on the market from Landlords trying to sell their properties.   Brexit is all over the news at the moment, and no one knows what is happening. They cause the newspapers to hype things up. One thing for sure is that people will need to live in houses. We need to be ready to make successful property purchases in this business.   More and more people are waking up to the reality of their pensions not being worth as much as you had hoped. Most people do not have enough from their pension to live off when they retire. The retirement age is getting longer and longer, further and further away because of the pensions deficit. I use my pension through SASS and SIPP to purchase commercial, and residential property, which gives me a far greater pension than my previous job ever would.   Property Investment is much better than leaving it in the bank. You will get a much healthier return even on a single let property compared with leaving your cash in a bank. Once you have more than £85,000 then your money is not protected if the bank went bust like Northern Rock. Putting your money in bricks and mortar protects it from inflation.   Political and Economic Stability. We are living in one of the most politically, and economically stable countries in the world. It's probably the safest property market in the world. Even with Brexit, we are living in one of the best countries in the world to invest in property. Sometimes we take that for granted.   Best Moments ‘Success leaves clues.' ‘Some of the most successful people have made their fortune from property.' ‘More people are looking to rent by the room, and smaller properties.' ‘The UK is more crowded than any other EU company.' ‘The UK will have double the density than Germany in the next ten years.' ‘We're not building enough stock.' ‘The number of houses now is at its lowest since the 1920's.' ‘It is not cheap to build houses.' ‘Rental maybe a good thing to move around but it's not a good thing to build wealth.' ‘You can outsource everything and retain most of the money.' ‘With property you can add instant equity.' ‘You have to buy for cashflow.' ‘People went bust in the recession because they didn't buy property for cashflow. ‘You don't wait to buy property, you buy property and wait.' ‘Now has always been the time to buy property.' ‘There is no such thing as jobs for life anymore.' ‘Always look for win, win opportunities.' ‘Be greedy when others are fearful, and fearful when others are greedy.' ‘Just one property will be a great addition to your pension.' ‘Use property to grow our pension.' ‘Your money is getting eaten away by inflation.' ‘Sometimes we forget just how lucky we are, and gives us the freedom to live our dreams.'   About Your Host Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people's property to create financial freedom.   Contact Method Facebook: https://www.facebook.com/kevinMcDonnellProperty/ Official Website: https://kevinmcdonnell.co.uk/ No Money Down: Property Investing by Kevin McDonnell See omnystudio.com/listener for privacy information.

https://socialinnovation.blog.jbs.cam.ac.uk/2019/03/26/the-social-ideas-podcast-should-charities-charge-fees-for-services/‘The day the world changed’ was Thursday 9 August 2007, according to Adam Applegarth, who was the chief executive of the bank, Northern Rock. Financial stability was shattered and what followed was a crisis that impacted every area of the globe. Following the crisis, the charity sector experienced a significant fall in income but one area that bucked the trend was the ‘fees for services.’ Flora Raffai is the CEO of Cam Sight, a Cambridgeshire-based charity that provides support and services to people; and, she is a graduate of the Cambridge Centre for Social Innovation’s MSt in Social Innovation. For her research dissertation, Flora decided to investigate the anecdotal evidence she had read about charities charging fees for their services.In this episode of The Social Ideas Podcast, Flora discusses the answer to her question … Fee or free: Should charities charge beneficiaries fees for services?

This week on the PRmoment podcast, in the latest of our life stories series, I’m pleased to welcome co-founder and CEO of Diffusion Daljit Bhurji.Diffusion was established 11 years ago and has a turnover of £5m and employes 60 people - 30 in London and 30 in the US, with offices in New York and more recently LA.It has a range of consumer, travel and technology clients. From about 26 minutes onwards, Daljit has some interesting things to say about diversity in public relations.[00:01:14] How starting his career as part of a startup agency meant Daljit always wanted to own his own business.[00:03:10] What it was about Ivan Ristic's and Daljit's friendship that meant they trusted each other sufficiently to go into business together. [00:03:27] How Daljit ended up starting a business with one of his best friends.[00:04:22] Why Daljit stared Diffusion at the age of just 27. [00:05:44] How Diffusion launched just after the Northern Rock scandal at the height of what became The Great Recession.[00:06:17] How Diffusion planned to work with startups at launch, but ended up working for Primark and L'Oreal. [00:09:54] Why it is that some agencies have created so many PR entrepreneurs. [00:13:25] How over-servicing is contributing to stress and mental health issues in communications. [00:13:32] Why the agency model needs to be governed by processes that makes the transaction between “what clients are paying and how much time you're having to devote and the value of those outputs as clear as possible.” [00:14:08] What agencies need to do create a positive environment for employees to thrive, be confident, creative and serve client requirements. [00:15:18] How the work of successful modern PR firms is about increasing the business value of clients, not about doubling the size of your coverage or doubling the size of your instagram account. [00:16:35] How Diffusion was part of a British wave of independent PR firms that attempted launch in the US around 2012. [00:16:52] How Daljit and Ivan have built a business in the US. [00:17:24] How the media landscape and client expectations are fundamentally different in the US to the UK. [00:19:52] Why it is probably easier for a British tech PR firm to launch in America than a British consumer PR firm. [00:21:49] What Daljit and Ivan have learnt from launching Diffusion in the US.[00:22:27] Why Daljit and Ivan always wanted to develop Diffusion at their own pace and retain its independence - they didn't want to be part of someone else's five-year investment cycle. [00:23:47] Why Diffusion decided to set up a Los Angeles office last year. [00:26:32] As a successful Asian man who runs his own thriving PR, why does Daljit believe there are not more senior BAME people working in communications? [00:26:41] Why diversity in the PR industry such a big problem for the sector.[00:26:53] How the work of Elizabeth Bananuka at BME PR Pros means Daljit no longer feels “like the only person who looks like me in the room.”[00:27:17] Why the work of Elizabeth Bananuka has meant that Daljit has met so many fantastic BAME PR professionals[00:27:50] How 13% t of the UK population belongs to an ethnic minority but, according to censuses carried out by both the PRCA and CIPR, only 8% of the PR profession belongs to an ethnic minority. [00:28:08] How PR’s diversity issue centres around London: 60% of the PR industry is based in London and 40% of the London population is an ethnic minority or from a mixed ethnic background. [00:28:59] Why as a sector of marketers and communicators PR does not represent the community&

On this episode I interview Dave Algeo who talks amongst other things about being stressed out and the damage of the 'shut the f*ck up type of attitude' when it comes to mental health. On work-life balance Dave says; I like the perfect imbalance idea. I remember when work-life balance became a thing. I get it but the world of life is far more complex. Background Dave spent a number of years working in the police force before setting up his own business in 2006 in the world of learning and development. His focus tends to be in the space of resilience and mental health and helping those feeling stressed out. Calling himself the Stress(ed) Guru; a tongue in cheek play on the perception of the many Guru's out there! He's open about the rough and tumble of life and says that's what is exciting about life. Host of Man Sprouts the podcast, Dave can often be seen and heard talking about vegetables! For those that remember Crackerjack, the losing contestants would often be saddled with cabbages! Purpose Having gone through his own stress and fallen into arrears with his mortgage at Northern Rock; he's some how been able to use his own experience to positive effect. He loves to learn and loves to turn this into learning and teaching for others; making a difference in the long term not just in the moment. Find out more If you enjoyed the interview with Dave then please do start a conversation with him on; Twitter Instagram LinkedIn Facebook YouTube You can also find more details on their website If you liked this episode then please do leave the show a rating and review on iTunes or the platform that you use to listen to podcasts. Get involved on social media and ask us a question or share your feedback using the hashtag #perfectimbalance. Check out all the episodes to date here Tune in next time to hear me talking with Di Murray; entrepreneur and business owner of Coming up 4 air.

"We grew up in our own bubble I guess", explained Todd McAlpine, vocalist, and guitarist for Far North Queensland outfit The Brazilians, "and I guess that's why we have a fairly distinct sound. We're very much a Gordonvale band - which is a little town in FNQ - amongst the cane fields. There's a sugar mill and four pubs - most of which we have played at when the band first formed. There's no noise restrictions because of the mill across the road (laughs) so we have our amps as loud as we want"!In the full interview Todd discusses the bands debut album Delta and how living in the tropics has affected its sound, the feel they were going for musically, how hard it is as a band coming from Cairns, the current music scene up there, the fear of trying to cram too much into a debut release and how to counter that, where the name actually came from and more.

When Lee Birkett launched his online P2P lending and financial product comparison sites on the internet, he says it was a whole new world. Now, he says, Blockchain has the capacity to plug the leaky plumbing in the banking world, globally. Having managed portfolios of £5bn in loans and mortgages over 25 years as a regulated individual, Lee sees credibility and corporate governance as key to public acceptance of blockchain. And while he kept his own head down, hiding from this new technology behind the sofa for many years, the recent involvement of such banks and blue chips as Goldman Sachs with Circle and Barclays with Coinbase, finally convinced him to see some credibility in the sector. So what was it brought risk-averse Lee round to this world, which has been seen as the financial Wild West? The 2008 crash saw Lee’s partners including HBOS, Lehman Brothers and Northern Rock, suddenly unable to support his £100m/month lending business. And yet experience and a long contact list of credible people looking for loans and savings advice showed him the appetite was unabated. The economy had broken due to malpractice in the sector. But he had hundreds and hundreds of borrowers left unserved, and hundreds and hundreds of savers making no returns on their money. Nobody was lending. Until Zopa (Zone of Possible Agreement), the innovative peer-to-peer lender, inspired him for the first time to take up the crowd-sourced and crowdfunded mantle and get things working again. Crowdfunding £450k from 100 investors, JustUs went down the long journey to regulation – 5 years in total, launching fully-regulated a year ago. And having lived every hard minute down this route, Lee was now determined to bring those 5 years of investment in teambuilding, controls and corporate governance, and deploy them on the blockchain. The BiPS token, created by Lee’s MoneyBrain comparison site with sister company JustUs, is the first asset-backed token created and mined by a regulated entity. At this stage it is a project, a network, for which people can buy tokens – BiPS - not shares, but as a way to expand the network, to develop it around the world. The more they raise, the bigger and stronger the network will become and faster it can grow. Next year when the token goes on public sale, using the liquidity platform of JustUs, the majority of proceeds raised will be used to acquire property or other real-world assets, providing stability and growth for the network - and giving bonus tokens back to holders to cash out or buy more BiPS. Lee aims for BiPS is to bring stability to a global blockchain economy. To be part of building a robust global blockchain with robust token mechanisms. To allow those in underserved countries, especially in the third world with no access to bonus assets, to acquire tokens with accretive value. The BiPS team is one of the most impressive in the UK in this field, having accrued decades of experience in P2P loans, governance and compliance. And as Lee says, if the stakeholder participants are sound people of good reputation, this can only go from strength to strength. He has seen, as we all have, amazing things in this space. Transformative things. Including the potential for third-world countries running their economies on digital currencies. Bringing stability,  security and prosperity. Host Barry James asked Lee about the potential, and what was the one thing he’d like people  to remember from this interview as BiPS starts its pre-sale. It was: This could be the start of fair finance - Globally.

Zum 10. Jahrestag der Staatsgarantie auf Bankeinlagen: Nothern Rock und Hypo Real Estate, Totalverlustängste, Geldmenge M3, Notstandsgesetz, Staatsfinanzierung durch die Druckerpresse, Grenzen der Geldproduktion, Kredit und Glauben

As banks went kaput a decade ago, the safety of our savings was thrust into the limelight. Most had never considered that cash in the bank was at risk and knew little about the Financial Services Compensation Scheme. When Icesave blew up a year after the Northern Rock collapse things changed dramatically. We should all be up to speed now, but how safe are your savings? On this week’s podcast, Simon Lambert, Tanya Jefferies and Georgie Frost we look at savings protection but also how you could end up losing money by sticking with cash. Ironically, worries about banks a decade ago triggered a flight to safety and more people stashing money in savings accounts rather than investing. But had people invested as Lehman Brothers collapsed they would have more than doubled their money by now. Taking the risk as the world appeared to be falling apart would have been the right move. Yet, at that point the stock market was already down 20% and fell by that again before it hit the bottom, so how many would have been brave enough? Also on this week’s show, we discuss how easy it might be to hit the £1million pension lifetime allowance sand whether your car might fail its next MOT.

Welcome to the second episode of Show Me The Way. This episode Naomi speaks to Sam Smith who is the chief executive of FinnCap - a City broker that she founded in 2007.  She was running a team at a larger broker and saw potential to create her own thing so with her staff they raised £1m to buy out the division and set up afresh. Just as she did it Northern Rock collapsed and the financial crisis hit but she saw her opportunity and ploughed on.  FinnCap is now one of the City’s most successful broking firms and Sam is the youngest and only female CEO of a City broker. Sam has a young daughter and she talks really honestly about how she came back to work too soon following maternity leave and how she’s used that experience to make things better for other returners. FinnCap is on the hunt for the UK's most dynamic female-led businesses so if that's you then check out the event coming up. It's  part of Ambition Nation’s trailblazing Female Leaders Series and will support their growth and present funding options, through insights from both investors and CEOs who have been on that same journey themselves. And it's hosted by the fabulous Sandi Toksvig.  It's FREE and you can sign up here: https://www.eventbrite.co.uk/e/ambition-nation-female-leaders-series-mind-the-gap-tickets-46358765315  

In part 1 of this Q&A, Chris and Jason discuss the future trends of the serviced accommodation and buy to let markets, legislation, Section 24 tax changes, the 90 day rule and mortgages for serviced accommodation. Keep an eye out for part two next week. Show Notes: The Serviced Accommodation Podcast is a show brought to you by Chris Poulter and Ritchie Mazivanhanga aimed at new and experienced property investors alike. With each show we help you Start, Systemise and Scale your Serviced Accommodation Business. If you would like to ask us a question or discuss anything in this episode, please join our Facebook group and ask away. To listen to more episodes or get more information go to www.thesapodcast.com. Transcription: Hi I’m Chris   Hi I’m Ritchie   And welcome to the serviced accommodation podcast.   –   Hi this is Chris and today’s episode is extracts from a Q and A which I did with Jason Living not too long ago. I hope you enjoy it.   – Evening everybody nice to be back here again obviously been a few times because I live not so far away and I’ve been investing in property for about 26 years now. So most of that time it’s been a real mixture of everything, single lets, HMOs, all sorts, a bit of commercial The last couple of years I’ve been fairly focused on serviced accommodation, well it’s part of what I do, have a large portfolio in the northeast and of that we have now 17 units as serviced accommodation . I’m also involved in a serviced accommodation management business called Service Lets that provides, the easiest way I describe it is the back end of serviced accommodation so all the systems end of things and through that we’re managing around 150 properties now in London, Birmingham, Sheffield, Cheltenham and treading on your toes a bit in Southampton as well. So that’s what I do so if we can help you and answer a few questions I’d be delighted to. So I’m Chris, I’m not anywhere near as experienced in property as you. I came straight into property as an entrepreneur so I’ve had different businesses down the years. Started off as a music producer and then funnily enough there’s not a lot of money in music so I started doing some other things to boost the income and ended up doing car repair business for five years and found myself doing serviced accommodation. Obviously a natural progression.   Absolutely and I think a lot of the teachings are very good about starting small with single let’s, try an HMO, try to flip the development kind of working up. The point of that I shut down the previous business to focus on full time needed to get the income in. So with my business partner we started our property journey with a twenty nine bed hotel you know starting small for you. From there we’ve kind of built up that the business and moved on to a management business which is in Southampton and I run the serviced accommodation podcast with my colleague Ritchie as well as the mastermind groups and doing some consultancy in and around serviced accommodation. I think Chris and I have always sort of seemed to sing from the same hymn sheet a lot of the time because you’ll understand with the whole sort of emergency serviced accommodation market and that being of obviously a hot topic and lots of people training around it and all the rest of it. You know there’s an awful lot of nonsense quite frankly that flies around some o it perpetrated by people who are held out as as experts. Chris is very much like me not taking stuff at face value and actually going, to be honest it doesn’t take an awful lot of effort to get on Google and actually research you know the truth behind you know just things like bits of legislation and whether it’s business rates, planning whatever you know I think the podcast is very very good and I like listening to it. So I think I agree with most of it whereas some of the other nonsense that’s flying around is just nonsense.   Someone said earlier we were long lost twins.   Q: What’s the podcast called?   It’s the serviced accommodation podcast So what are we doing, I think we’re just going to answer my questions so fire away. Q: My question is what is likely to happen over the next two or three years? We have been doing it for four years starting very small from one room in my house now  I have 14 different listings. But you know in York, four years ago when I started we were one of 6 or 7, now a year ago I know there were 650 hosts on Airbnb, just on Airbnb I don’t know about booking.com. So obviously there’s something happening, a lot of people on board and I’d be really interested to hear what you think the next two years will bring in this particular field.   I think you know obviously I think it’s a growing market anyway and I think part of the growth in numbers is simply driven by demand and a lot of that demand I think is driven by awareness in the sense that the way always sort of describe it is that I dont think were directly competing with hotels but we’re fishing in the same pond. So I think what we provide is different from what hotels provide and I think part of their marketing is to differentiate that. But I think a lot of people who are now beginning to use serviced accommodation were using hotels because they just didn’t have an awareness around serviced accommodation and quite frankly I’d put myself in that bracket you know going back two or three years if I went down to London to pick a hotel. Now I’d hardly ever book a hotel in London and I would always stay in serviced accommodation and that’s just because I’m aware it’s out there. So I think there’s this generic growth and if you look at Saville’s produce a study every year you know they’re talking about a massive growth in serviced accommodation partly fuelled just by growth and partly fuelled by nicking business off hotels to some extent so that’s fueling that growth. And obviously the whole section 24 situation in terms of property investment and whether people are aware that if you operate a property as what HMRC defined as furnished holiday letting which a lot of serviced accommodation would fall into then you can still offset all of your mortgage interest as a cost. Which if you’re doing buy to let and you’re a higher rate taxpayer effectively you can’t so that’s undoubtedly also fueled some people getting into it you know plus the fact that it’s just within the property world became the latest sort of hot topic bandwagon, whatever to jump onto because potentially there is great cash flow. So all of those things inevitably have fuelled it and there’s you know there’s no doubt there is concern in some areas as to the extent to which it’s going to start removing housing stock from the normal housing stock and everyone’s forever banging on about the housing crisis, haven’t got enough stock. Well if you’re now actually finding a way to diminish that stock then then there may well be a concern and you know if the growth carries on as it is then it wouldn’t be a great surprise if they start looking at ways of legislating and I think planning legislation is the obvious way to go. You know in a lot of people were in a sense confused about the London situation and what people term the 90 day rule, in London actually since 1973 you have required planning permission to do short lets, any lets under 90 days so that’s just in Greater London hasn’t ever been anywhere else and actually the 90 day rule is a relaxation of that. So what they’ve now said is rather than saying Right you have to get planning permission for any lets under 90 days. What they’ve now said is we’ll let you do short lets for 90 days so you know most people think that was a clamp down actually it was it was part of the deregulation act. In fact it was a de regulation or a release of the legislation but I don’t think it would be a great surprise if they took that and tried to put that out nationally. But I suspect they would probably do it in the same way that they’ve done C4 and HMOs whereby they will probably say you can switch from one to the other so they might create a new use class for lets of let’s say less than 90 days because that’s the London model but I wouldn’t be surprised just like HMOs where they say nationally you’ve got permission to develop rights to go from you know C3 residential to short term accommodation and back again but then any council can bring forward an article 4 direction which obviously they have in a lot of areas about HMOs restricting that change probably from C3 to short let, probably won’t restrict it going back unless they particularly want to say it wouldn’t be a great surprise but then with HMOs if you’re already operating a short let then that is your lawful use. So you’re not suddenly going to have to apply for planning permission, you will already have that as your established use. I don’t know what your view on all of that is?   Yeah yeah absolutely. I think we are probably going to see quite a lot of change in the market over the next two or three years and this is just very much personal opinion. I think for me it’s not so much legislation driven but market driven because as you’ve kind of touched upon before with Section 24 changes, with a lot of the changes which are coming to clamp down landlords what it means is we all know it’s becoming less and less profitable to be a landlord in this day and age. We’ve seen reports where you know half a million landlords are looking at selling up. And I think what’s inevitably going to happen is actually the pool of rental property in this country is going to be decreasing now.   Which is good news for rents if you’re a landlord that wants to hang on.   Hopefully it is. And that I think is the key change we’re going to see, the rental pool if you like is going to be decreasing. We’re still seeing a continuing trend particularly in younger people towards renting as opposed to purchasing so there’s only one thing which can happen here when of course the rules are going up for landlords and the demand is being driven is that you’re going to see a substantial increase in rents. And for me I think over the next two or three years I wouldn’t be surprised if you saw that maybe 20 25 percent increase in single rents as a reaction to everything that’s going on in the market, it might take a little bit longer to kind of settle at that level but that really wouldn’t surprise me at all because we’ve seen such fundamental changes in the market. I don’t think we’ve really seen the impact yet. If you look at what we’re doing in serviced accommodation, I mean I call it arbitrage. You take it from one market and you sell it on another. So we are entirely dependent on the single let market in order to generate a profit. Now if that single let market has gone up by 25 percent then it makes it a lot harder for operators to come in and make a profit. So while yes we’ve seen a massive amount of growth in the number of properties over the last couple of years it’ll start to equal out as more and more areas are going to become marginal when it comes to profit. So the stock’s going to dip a bit. Prices are going to go out and as always happens in markets there’ll become a kind of equalization point when you have a reasonable number of operators offering fair value on the market. Now if you want to look at a model of that and we were discussing this a little bit earlier then I think London is a good one because already in most areas I see in London are extremely marginal you know you might make a profit on one or two units but as soon as you start scaling up you start hitting VAT thresholds, you start having to have bigger teams, higher overheads your profit is gone. Now that I think is probably a pattern you’re going to start seeing over the country, over the next couple of years as those single let rents increase, I think that’ll probably stabilize the market a little bit so for me it’s a sustainable market.   No it’s interesting so effectively what you’re saying is that there’s a flow of stock from the single let market into the SA market because the margins are perceived to be higher in the serviced accommodation market but as you say if those margins get impacted and at the same time and as you say it’s either if people are rent to renting their margins are being eroded by the higher rent. But even if they’re not even if as I am operating properties you own then you know if your rent suddenly suddenly goes up 25 percent and your SA doesn’t or is perhaps slightly under pressure, you may say I’m better off getting back to single letting anyway. So as you say you know the market will self correct in that way.   That’s just my personal opinion but I think you see the logic behind that. Great question to kic us off thank you.   Q: Can I ask you a question about funding? We’re in the buy to let market, single let HMOs and buy to let mortgages appropriate to those markets. SO we’re sitting there thinking we’re going to use some of these as services accommodation but what will a mortgage broker say? Mortgage companies say sod off, they don’t allow it. So do we have to change so basically buying the property ourselves? And if we’re going to do rent to rent to do it we’ve got the same problem because almost certainly starting from a piggy back position where the actual owner is either on a residential mortgage, unlikely but possible, or a buy to let mortgage and once again can’t do it! So that’s just my personal opinion is that thousands of people out there are winging it on the back of buy to let mortgages, they’re breaching their mortgage terms which also means they’re breaching probably invalidating any insurance policy in place and the shit’s about to hit the fan!   Thank you for that it would be interesting to get your viewpoint because obviously you own properties in your own name, how are those funded?   They are on commercial mortgages. And interestingly I think the loan agreements were not worded in such a way, obviously they were they were worded before any idea of serviced accommodation and all the rest of it. Now I’ve looked through it and the particular terms in my loan agreements says that if you create any tenancy then it has to be an assured shorthold tenancy. But I’m not creating tenancies. Mine and you know I know I’m splitting hairs legally because clearly that wasn’t what they meant but you know I think a strict interpretation, and they are commercial loan agreements, they’re all with Northern Rock, one’s with IBS. I don’t think they’d have an issue with them if push came to shove. I think I’d have a conversation with them saying I’m actually generating more money, I’m better able to pay you but with a commercial lender you can, I’ve had run ins with them but it’s not it’s not the sort of computer says no. Having said that yeah I mean you’re absolutely right that you know I’m pretty sure there’s an awful lot of people out there particularly those operating sort of individual units in blocks where they are buy to let mortgages so technically it is a breach of terms and conditions. There’s one particular distinction that it’s worth making. I’ve repeatedly said when this has been discussed sort of on Facebook and those sort of things I’ve repeatedly said to people I’d be very interested if anybody has got any instances you like not man in the pub sense but anybody can actually tell me of an instance they genuinely know of where a lender has called in a loan on a buy to let mortgage that’s been serviced accommodation and I’m not saying they haven’t. But nobody’s managed to come up with that.   I’d look at it from a different point of view, from this side of the equation. Say there’s been an accident. I’m going to my insurance company and saying I’ve just had an accident, I’ve got landlord insurance. And they say, can you show us the tenancy agreement and your terms of your mortgage please. Because any insurance companies first port of call is how can we get out of this. And if that accident is bad, that’s bad enough in itself but the repercussions are that I could be in prison or wherever because I’ve breached those terms.   I agree and I would always say, I’m not in any way encouraging people to breach the mortgage terms and conditions. I’m just saying that the reality is that that’s what people do. But I absolutely agree with you and what I always say to people is understand the risks and the mortgage situation and I’m not I’m not saying do one thing or the other but the risks on the insurance side are far far greater and absolutely you know you need to make absolutely certain that you’ve got the right insurance and that you’re not in any way invalidating that all insurance claims.   On insurances and stuff it sounds very much like if there was a death, worst case scenario. They’re going to go through all your stuff, fire regs. If they found a breach of mortgage, would that have saved the person’s life?  If someone for instance had a residential mortgage ad they were running, say it was a 5 bedroom serviced accommodation, has that breach changed anyone’s life? Because insurance companies, yeah they would look for ways around it but in my opinion  they’re not going to be that bothered about the mortgage. Whether you know about something that was you.   They want a way to mitigate their risk and if you’re in breach of your mortgage terms and this should not have happened because what’s going on should never have been allowed.   Interestingly in residential you don’t need a carbon monoxide alarm.   I know you don’t and I’ve just had a house of mine looked at by a council who said put a carbon monoxide alarm in. Do you think the lenders are going to start giving out more buy to let mortgages for serviced accommodation?   Yeah. They haven’t yet. I think that the impression I get is that they’ve they’ve looked at it they haven’t quite got their heads around, you know their perception is I’ve got a six month AST, the security of income then you know the reality is as we all know how secure that income really is is open to debate you know whereas they look hang on you’ll see here on day one and you’ve got an empty calendar for six months but yet you’re trying to convince me that you’re going to be able to pay the mortgage. You know we know as operators of experience that yes you know we’re comfortable we’re going to get those those bookings but they, looking at it from a very sort of productized basis they have not got their head around them. If you talk to the commercial lenders obviously who are used to lending on B&Bs or hotels or whatever and understand and not all but you know you may be paying higher rates they’re probably going to want to look at some experience of operation. You know it’s probably not going to be, high LTVs, there is a guy in London called Mannershar who’s trying to put together a buy to let style mortgage for serviced accommodation buildings. Yeah the number of lenders who they more come at it from the holiday end of things. But I think Leeds for instance won’t lend to you if you’ve got more than four properties full stop with any lender. So yes you can do you know if that’s all you’re doing you can do the first four with them. I think Cumberland have a holiday product, I’m not familiar with the details. Cambridge will do it who are more of a commercial lender. You know they’re up at 6 percent plus in terms of rates. I don’t know what their LTVs are on serviced accommodation. I think they stack it up on the basis of AST.   This is okay if you’re going to buy it and you’re making sure that your finance is in place.   I just want to go to them and say here’s what i’m going to do with it, this is the crack. Because when I’ve had a residential mortgage, years ago when I bought the first house intending to live in it then I decided to rent it out. I’ve now changed it to consent to let, is there anything similar?   They’re still scared about it not being let. It’s the uncertainty.   To answer your question, yes  we’ve got landlords who we work with, with a management company who’ve got permission from the lender to operate as such. Yes there are lenders who will do it. So a lot of the Santander ones even five years, had specific terms in there around well if you’re going to use it as a holiday let then you’re not allowed anyone to stay in it for more than 30 days for instance so it was a clear you know allowing you to do it but with certain kind of conditions attached.   Santander is one that I’ve heard of that is quite compliant. Obviously you’re managing quite a few on behalf of people rent to rent Cambridge, they’ll send a surveyor round, do a market evaluation even if it was an AST.   And that’s getting in at the front end but what about sort of existing mortgaged properties? And it is actually surprising how many unencumbered properties there are. I mean there are certainly owner occupied I was trying to get the stats on investment properties and obviously they’re different but there are owner occupiers more than half are unencumbered which is quite surprising.   I think it’s around 50 50 with buy to let.   Is that right? I think it was the annual survey of English housing that I was looking at and certainly as I say owner occupier rather than the market overall but I couldn’t find a split down into investment property but it’s surprising. For instance I have two rent to rent well actually it’s exchange at delay completion in Sunderland neither of which have got a mortgage on.   We’ve found a lot of people are moving abroad and leaving their house here and if they go abroad for 6 months or something like that then they come back then they could have a block of 4 weeks, there are a lot of people who are doing that now.   So if I just come back to the original question again quickly about finance, I think we’ve covered off quite well what the situation is at the moment to again kind of look at a helicopter view of the market if you like we are really where we are with serviced accommodation right now where we were probably 4 or 5 years ago say with buy to let mortgages for limited companies you know it was very very hard to get hold of product. You know in fact limited lenders they had a lot of strict criteria about debt and the bottom line is when we’re talking about big picture stuff markets how they change well people want to do it, there’s money to be made. They’re going to move into those markets so in the same way that after the tax changes came in, the mortgage companies had to adapt and you look at how many of them do limited company mortgages. Now what I’ve often think so you know with a situation now it’s the mainstream but it takes them a while to catch up. Now that’s exactly where we are with funding for serviced accommodation right now. Yeah they’ve got to be finding it difficult to get their money out. And similarly probably going back even further than that the HMO market if you go back probably perhaps you know 10 or more years. You know there were very few you know mortgages that you could genuinely use for HMO whereas a lot of the lenders said actually it’s a market we want to be in. You know we have a specifically different product or we’ll tweak our existing products and I guess you know the interesting thing will be as as those products do come to market whether those lenders who are currently being inflexible on buy to let mortgages might develop ability what’s going on then. So if you’ve got something and say I want to use this as serviced accommodation will you let me and they say no you say okay that’s fine I’ll refinancing because there’s another company over here. They may all of a sudden decide to be a bit more flexible about it but yeah we are in a  situation that’s not entirely know good really in terms of where we are with the serviced accommodation market because there is an obvious route to say yeah that’s you know that’s exactly how you do it and as you say you know the undoubted reality is there are a lot of people out there operating in breach. One point I was going to make because I think it is you know somebody will say it again sort of splitting hairs but I don’t think it is as I have heard relatively first hand of an instance of somebody applying for a number of buy to let mortgages but with the express intention of using them for serviced accommodation, there was never any intention of using the buy to let and those mortgages being called in and that is mortgage fraud because you are applying for money under a false premise and I think that that is fraud because basically so you are gaining gaining financial advantage with express intent. And that’s mortgage fraud which is amongst other things a criminal offence. Whereas some people say well is it really different but I think it is legally different. I’ve got a buy to let mortgage I have had for five years and I bought this as a buy to let, I’ve been renting it out for five years. I’ve now decided to do serviced accommodation oh I’m in breach of the mortgage terms and conditions which is clearly a civil matter, a contract matter and to me is very different you know in a way the overall intention. Exactly exactly but I think that and that’s why you know I’d be interested to hear if people have come across instances of what what has happened where an insurance company has found out you’re doing serviced accommodation on a property that was originally by buy to let and now you’ve changed it. You know again having conversations with people who perhaps have worked for lenders in the past, their general view was you know you’re probably going to get a letter telling you to stop doing it and or saying well do you want to charge you more interest. Exactly the same as they tend to do with residential to consent to let, if you go ahead and do it I think it’s unlikely they’d just call the mortgage in. I think it’s more likely you’re going to get a letter saying remedy the breach but I suspect that’s what happens with serviced accommodation. But I’m hypothesizing to be honest and I’m just really interested in actual market feedback of actual instances of things happening and that information seems to be a bit thin on the ground these days. It’s all about precedence, we don’t know what’s going to happen until something does. That’s all for part one. Tune in next week for part two.

Ten years ago this autumn, Northern Rock experienced the first run on a British bank for 150 years. It was just one symptom of a crisis that was soon to engulf the entire global financial system. We're still feeling the effects: not just austerity, but the rise of Trump and Corbyn, arguably even Brexit. With George Osborne. Presented by Andrew Neil. This event was in association with Quilter Cheviot.

The run on a British bank which signalled the coming global financial crisis, a schoolboy arrested in East Germany for writing a letter, a doctor remembers the Sabra Shatila massacre in Beirut, and a Nigerian archaeological treasure trove. Photo: Northern Rock customers queuing outside the Kingston branch, in order to take their money out on September 17th 2007. Credit: Peter Macdiarmid/Getty Images

This event was recorded live at The RSA on Thursday 14th September 2017 Robert Peston, who broke the story of Northern Rock’s emergency funding appeal to the Bank of England, and covered at close-hand the ensuing run on the bank, its eventual collapse, and the global crash that followed, reflects back on fast-moving events of the time, and the role of the key actors – from politicians, to bankers, to regulators - and traces the further reaching after-effects of the crash. Discover more about this event here: https://www.thersa.org/events/2017/09/breaking-the-northern-rock-story-and-beyond

This is Money has had a string of questions from readers looking to give their cash to children or grandchildren but who also wish to protect it from being squandered or lost in a relationship break-up. Whether the money is for a house deposit or to avoid inheritance tax, or for any other reason, it’s a major modern concern - especially as the sums involved can be tens or hundreds of thousands of pounds. On this week’s This is Money podcast, Simon Lambert, Rachel Rickard Straus and Georgie Frost discuss why people are worried and what they can do – if anything. Can you really control money once it has been given away? Could partners – or even theoretical future partners – get their hands on it? And why give it away in the first place if you’re going to worry about how it’s used? Also, on the agenda is the 10-year anniversary of the run on Northern Rock – when customers feared for the bank’s future and queued up outside branches to withdraw all their cash. It was the birth of the financial crisis in the UK followed by the credit crunch. How did the decade that followed change our financial lives and who have been the winners and losers? With interest rates held again we look at whether they could still rise this year – as Simon has bravely predicted – and why you shouldn’t be suckered in by a stunning looking 7.75% fixed-rate bond claiming official FSCS protection that you found on Google. If it looks too good to be true it surely is – right? That’s the rule. But if someone told you that you could buy into something that’s up 70% in two years at a discount - and it still looks reasonably cheap - you’d walk away wouldn’t you? But that’s the deal with emerging markets investment trusts. Why? And finally, we see whether Simon, Georgie, or Rachel could pass a driving theory test today using the quiz we put to our readers. It sets off more discussions about towing a trailer than you’d ever expect on a money podcast. Enjoy.

Customers queued for hours to take their savings out, fearing the mortgage lender was about to go under. The Bank of England had to step in to support it. It was the first sign in Britain of the coming global financial crisis.Photo: Northern Rock customers queuing outside the Kingston branch, in order to take their money out on September 17th 2007. Credit: Peter Macdiarmid/Getty Images

This event was recorded live at The RSA on Monday 11th September 2017 As UK Chancellor of the Exchequer, Alistair Darling was involved at the highest levels from the outset of the financial crisis, through the heart of the storm, and played a leading role in restoring stability to global financial markets. 10 years on from the collapse of the Northern Rock bank, an early signal of the global crash to come, he reflects on what we have and haven’t learned from the crisis, how vulnerable we remain, and what we have to do next to shape a fairer future prosperity. Discover more about this event here: https://www.thersa.org/events/2017/09/10-years-after-the-crash

Customers queued for hours to take their savings out, fearing the mortgage lender was about to go under. The Bank of England had to step in to support it. It was the first sign in Britain of the coming global financial crisis. Photo: Northern Rock customers queuing outside the Kingston branch, in order to take their money out on September 17th 2007. Credit: Peter Macdiarmid/Getty Images

Stephen Young is a Senior Lecturer at Brighton Business School and is subject leader for behavioural economics.   He is also Visiting Lecturer at Brighton and Sussex Medical School, where he teaches Behavioural Economics to health professionals, including commissioners, public health practitioners and GPs.    As an independent consultant and trainer, Stephen also provides client workshops and presentations on behavioural economics and behaviour change.   Stephen is widely published and his research interests include behaviour change, climate change, health, sustainability, and Information and Communications Technology.   Stephen does not own a car and is so passionate about being car free that he writes regularly on his blog livingthecarfreelife.blogspot.com. Other writings from Stephen can be found at www.stephenyoung.org.uk. In this episode, find out: why Stephen decided to become an academic. about the Northern Rock bank run in the UK in 2007. why universities need to adapt or die when it comes to addressing relevant content. what Stephen is doing to reduce his carbon footprint in college and how he’s responding to the digital needs of his students. why health professionals are interested in behavioral economics. about the Irish government’s fight against obesity. how Stephen is encouraging a town in the UK to become pedestrian friendly. about framing car ownership - status and perception of rank. how by ditching your car you can burn calories. how the average person is working two days a week to pay for their car. about the emotional attachment that a car represents. what major cities across Europe are doing to make them more pedestrian and bike-friendly. about peak car ownership. some advice from Stephen on how to give your car. about the pluralist approach to embracing economics. Subscribe on iTunes or visit www.economicrockstar.com to access previous episodes.

Robert Peston tests the arguments made by the authors of a new book who claim the financial crisis was caused by exploding household debt - not by the banks. But are they right? Now the BBC's Economics Editor, he witnessed at first hand every twist and turn of the financial crisis of 2007 and 2008. He first exposed the crisis at Northern Rock as well as revealing the failure of Lehman Brothers. This makes him the ideal interviewer to probe the arguments and conclusions of "The House of Debt", a radical new study of the recession and the lessons to be learnt from it. In discussion with the book's authors, Atif Mian and Amir Sufi, he subjects their arguments to rigorous scrutiny. They challenge the conventional wisdom that the banks were to blame for the recession in the US and UK. They argue that the real villain was the doubling between 2000 and 2007 in total American household debt to $14 trillion. Much of this was owed by borrowers with the poorest credit ratings. When the house price bubble burst and incomes also fell, these households suddenly stopped spending and plunged the US economy into deep recession. By this argument, the banks weren't the real problem. And yet, thanks in large part to their lobbying power, they received help which would have been better directed at helping indebted households. If correct, this means governments and central banks should fundamentally reappraise how they tackle future downturns, focusing much more on households and much less on bankers. For many, this may sound highly attractive. But does the new analysis pass muster with Robert Peston? Producer Simon Coates.

Listening to the news or hyperlinking our way through blog posts, it might seem like the end is nigh. Whether the coming crisis is environmental, economic or some intoxicating mix of the two, the message is always basically the same: humanity is about to screw everything up…forever! As Matt Ridley reveals in his 2010 prize-winning, bestseller The Rational Optimist: How Prosperity Evolves this eternal pessimism has more to do with human psychology than it does with the facts of the situation. Throughout history, there have always been professional harbingers of doom. In the old days, doomsdayers predicted man's greed and lust would bring about divine retribution. These days, we're treated to the idea that we might bring about our own destruction because of our relentless pursuit of wealth. In our desire for more food, bigger cars and a more comfortable lifestyle, we will use up all the oil, overheat the planet, pollute the oceans and wipe out all the polar bears. Notice any similarities? Man gratifies his desires…and is punished.While the apocalyptic scenarios on the nightly news might feel plausible, the facts say something very different: the future has never looked more promising. More and more people are being lifted out of poverty. The environment is improving. And all of this is due to the very technologies we're supposed to fear: pesticides, fertilizers, fracking and genetic engineering. Pessimism may feel reasonable, but optimism is what's rational. The Rational Optimist is a tour de force that not only restores your faith in the future, its overview of man's relentless ability to solve problems makes you proud to be human. Perhaps that's why Michael Callen references it all the time.In this episode, Matt, Bryan and Hunter discuss everything from why organic farming is bad for the environment to how the 2008 financial crisis refined Matt's view on the proper role of government in the economy. (Note: Matt Ridley was Chairman of Northern Rock, one of Britain's largest banks at the time.)Before writing The Rational Optimist, Matt Ridley got a doctorate in Zoology from Oxford and wrote five books on biology: The Red Queen: Sex and the Evolution of Human Nature, The Origins of Virtue: Human Instincts and the Evolution of Cooperation, Genome: The Autobiography of a Species in 23 Chapters, Nature via Nurture: Genes, Experience, & What Makes Us Human and Francis Crick: Discoverer of the Genetic Code. In case you're wondering, these were all bestsellers and also won lots of prizes. 

The effects of the worst financial crisis in living memory are still around us. But how can we reverse the failings that led to such crises as those at Northern Rock, News International, GSK and Barclays? Do we need an increase in regulation, or in leadership and ethics training? Or is it more about incentives and personal morality? Former corporate lawyer in the City and author of 'Of Markets and Men', Cambridge graduate James Featherby explores these questions, arguing that finance reflects worldview. This lecture was then followed by a discussion by a panel of finance experts. This unique event was supported by Transforming Business, the Kirby Laing Institute for Christian Ethics, the Jubilee Centre, and Christian Heritage, all based in Cambridge. The event was held at Trinity Hall, Cambridge, on 22nd November 2012. Transforming Business is an innovative research and development project in the University of Cambridge. For more information, please refer to: http://www.transformingbusiness.net/ Image courtesy of Andrew Dunn.

The effects of the worst financial crisis in living memory are still around us. But how can we reverse the failings that led to such crises as those at Northern Rock, News International, GSK and Barclays? Do we need an increase in regulation, or in leadership and ethics training? Or is it more about incentives and personal morality? Former corporate lawyer in the City and author of 'Of Markets and Men', Cambridge graduate James Featherby explores these questions, arguing that finance reflects worldview. This lecture was then followed by a discussion by a panel of finance experts. This unique event was supported by Transforming Business, the Kirby Laing Institute for Christian Ethics, the Jubilee Centre, and Christian Heritage, all based in Cambridge. The event was held at Trinity Hall, Cambridge, on 22nd November 2012. Transforming Business is an innovative research and development project in the University of Cambridge. For more information, please refer to: http://www.transformingbusiness.net/ Image courtesy of Andrew Dunn.

It's five years since savers rushed to withdraw their money from Northern Rock. In this week's special FT Money Show we look at what has happened to savings, mortgages and investments in that time. See acast.com/privacy for privacy and opt-out information.

It's a manic Friday in the financial world as Facebook's floatation dominates headlines. We hear the reaction from Alpari's James Hughes to a continued slide in the FTSE, having lost 5% of its value this week due to ongoing concerns in the Eurozone. http://www.alpari.co.uk

The management turmoil at Lloyds after high-profile hire Nathan Bostock, who was due to take charge of the bank’s wholesale division decided to stay on at the Royal Bank of Scotland. Also this week, the banking team take a look at nationalised lender Northern Rock’s return to the private sector and new UBS CEO Sergio Ermotti’s decision to cut some of UBS’s bonus pool in order to recoup some of the money lost in the alleged rogue trading scandal. Presented by Patrick Jenkins, with Sharlene Goff and Brooke Masters. Produced by Emily Cadman See acast.com/privacy for privacy and opt-out information.

We look at how QE is hitting pensioner's income, whether investments are becoming too costly, and whether Virgin buying Northern Rock could make banking more competitive See acast.com/privacy for privacy and opt-out information.

In this week’s show: prospects for a renegotiation of the private sector’s role in bailing out Greece, the bidding process for Northern Rock and what JPMorgan’s results signify for the wider investment banking sector. Presented by Brooke Masters, with Megan Murphy and Sharlene Goff. Produced by Emily Cadman See acast.com/privacy for privacy and opt-out information.

In this week’s podcast: We look at the EU plan for enacting the Basel III capital requirements into law; we discuss EU investment banks which look set to report falls in trading revenue; and, we consider the auctions for Northern Rock and the sale of Lloyds’ branches - both heating up this week. Presented by Sharlene Goff with Megan Murphy and Brooke Masters in London and Tom Braithwaite in New York in Stateside. See acast.com/privacy for privacy and opt-out information.

In this week's podcast: Errors in data force delay in EU bank stress tests; Northern Rock to be sold alongside Lloyds branches; And as an EU law is being drawn up to impose the new Basel III requirements, we look at how European banks are preparing to accommodate the new rules. Presented by Patrick Jenkins with Sharlene Goff and Brooke Masters. Produced by LJ Filotrani See acast.com/privacy for privacy and opt-out information.

Robert Cole, Tony Greenham, Jesse Norman and Heather Stewart join Aditya Chakrabortty to discuss the reforms they think should have been included in Sir John Vickers' Independent Commission for Banking report this week

In this week's podcast: Northern Rock's return to riskier lending; HSBC and its full year results; Middle East investors and tension in Italy over UniCredit. Stateside is by Justin Baer. Presented by Patrick Jenkins with Sharlene Goff and Lina Saigo in the studio and Rachel Sanderson in Milan. Produced by LJ Filotrani See acast.com/privacy for privacy and opt-out information.

In this week’s podcast: We look at the predicted effect the UK immigration cap is likely to have on the vast numbers of non-EU workers employed in the City. We ask what this will mean for the big banks. We hear from our office in New York in our new weekly feature Stateside - with Justin Baer reporting back on the week’s top banking stories in America. We then look at securitisation, the state of Northern Rock and the plans that the Banking Commission has up its sleeve. Presented by Patrick Jenkins, with Sharlene Goff and Jennifer Hughes in the studio and Justin Baer in New York. Produced by LJ Filotrani See acast.com/privacy for privacy and opt-out information.

Transcript -- In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.

Transcript -- Twelve months after the fall of Northern Rock the UK Government intervene with fresh capital for an otherwise failed banking system. Never the less the country plunged head on into a recession.

Twelve months after the fall of Northern Rock the UK Government intervene with fresh capital for an otherwise failed banking system. Never the less the country plunged head on into a recession.

In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.

Transcript -- Twelve months after the fall of Northern Rock the UK Government intervene with fresh capital for an otherwise failed banking system. Never the less the country plunged head on into a recession.

Twelve months after the fall of Northern Rock the UK Government intervene with fresh capital for an otherwise failed banking system. Never the less the country plunged head on into a recession.

Transcript -- In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.

In early 2007 Northern Rock were the first of the UK retail banks to seek emergency funding from the Bank of England.

Northern Rock lifts its 100 per cent guarantee for savers - so where is the best place to get a cash Isa now? And employers are stopping payments to employee pension schemes See acast.com/privacy for privacy and opt-out information.

Charles Warren MRICS, of Warren & Warren in San Francisco, talks about finding the silver linings in the midst of challenging times. "For every sad story like Northern Rock, or the fudgy fate of Fannie, there are thousands, millions, of silver linings," he says.

How will Northern Rock's increased lending affect borrowers? See acast.com/privacy for privacy and opt-out information.

Notorious short-seller, Simon Cawkwell, the man who made a million shorting Northern Rock, shares his thoughts. To read Evil Knievil's diary at t1ps.com, click here.And Michael Hampton is back talking shorting, oil and uranium. See acast.com/privacy for privacy and opt-out information. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe

Notorious short-seller, Simon Cawkwell, the man who made a million shorting Northern Rock, shares his thoughts. To read Evil Knievil’s diary at t1ps.com, click here. And Michael Hampton is back talking shorting, oil and uranium. See acast.com/privacy for privacy and opt-out information.

Chair: Alex Brummer, City Editor, Daily Mail Panel: Dr Vincent Cable MP, Deputy Leader and Shadow Chancellor, Lib Dems; Pete Hahn, Foundation for Management Education Fellow, Cass; Anthony Hilton, Financial Editor, The Evening Standard; Rt. Hon. John McFall, Chairman of the Treasury Committee; Simon Nixon, Executive Editor, breakingviews.com

Guaranteed savings: why Northern Rock is safer than foreign banks; Tax-efficient investments - what Enterprise Investment Schemes offer; Star fund managers - who performs the best in volatile markets See acast.com/privacy for privacy and opt-out information.

Kevin talks about share valuations. This podcast considers share valuation in the light of a number of current news stories including that of Northern Rock, who's shares have peaked and troughed recently.

Kevin presents a brief update on Northern Rock and then continues with his discussion on the bond markets

Hints and tips for media appearances and public speaking. This week; Northern Rock; Sex Pistols; Jose Mourinho; Knitting Needles; Paint a Picture; Stand Your Ground; Make Every Page Work; a feature interview with sporting and speaking legend Jim Tunney.