And now companies act like politicians pre-spinning announcements… will the British Gas rise really happen?

So we’ve all seen the coverage that British Gas is due to raise prices by 25% this month, and panic and press has ensued. Will it happen? I doubt it. My suspicion is these rises have been rather cleverly leaked, so that when an actual price rise does happen this month, say of 15%, everyone breathes a...

The Joke Jeremy Vine and The Editor Wouldn’t Let Me Say…

If you were listening to my monthly phone in on Radio 2’s Vine programme today, you’d have heard mention of the Money joke competition on the site (i.e. £100 for the best joke about money see here). As we were talking banking today, I asked Jeremy and Phil, the Editor, if I could tell a banking joke...

The most despicable piece of financial manipulation I’ve ever seen!

I can’t work out whether to applaud or cry at Alliance & Leicester. It has done the single most despicable piece of financial manipulation ever on its MoneyBack Loan. Its loan is the market’s cheapest at 5.5% so of course it’s worth getting, but the payment protection insurance it tries to flog with it is expensive, so...