Rumours and fears about Greece

 I recently spoke about Portugal's bail-out from the EU and IMF. I also mentioned that Portugal is the third eurozone country to look for help from the EU after Greece and the Irish Republic.

Finance ministers from an inner core of eurozone countries (Germany, France, Italy, Spain and Greece) are thought to have held secret talks in Luxembourg Friday night to discuss a possible debt restructuring Greece.

It is thought that negotiations centred on the mounting eurozone debt crisis, and included not just Greece but the terms of Portugal's bailout and Ireland's demands for easier repayment terms on its loans.

Qatar up, UK down?

Interesting short video explaining Qatars plans in London.

Suprise suprise, guess who is going to suffer from the North Sea tax increase?

The chief executives of gas companies are worried that this tax increase will lead to job losses and an increase in household bills. Great, so in an attempt for the government to gain money, once again, it seems like we have the broadest shoulders!

OK, my little rant aside, 15 chief executives of gas companies have written to the Prime Minister in regards to their worries of such consequences of the tax rise.

The problem here that the chief executives pointed out is that gas projects are just as expensive as oil projects, but while oil is trading at $105 per barrel, companies can only get the equivalent of $49 per barrel for their gas.

The letter was signed by heavyweights such as Centrica boss Sam Laidlaw, BG Group chief executive Frank Chapman, and BHP Billiton’s Marius Kloppers.

Chose a fixed rate mortgage? - This might annoy you!

The Bank of England has left rates at 0.5% for the 27th consecutive month! Whilst people are panicking from the recession and worried that interest rates will increase dramatically they are out getting fixed loans at ~1.5%. Well this is just rubbing it in their face whilst they are stuck paying a higher interest rate!

OK to be honest that's not really the biggest issue, but it really annoys me!

Whats the actual problem?

Price of commodities take a nosedive - and puts the financial market on the edge!

OK, I know I keep talking about commodities, incease tax on oil and gas and Glencore's new investors but today was the biggest drop in the cost of raw materials in almost two years!

 Well, how does this effect us and companies?

Dont forget to vote!

Today is the day! Please don't forget to vote! Every vote counts, if you still have not made up your mind click here to read a short article explaining what AV is and what changes it would make.


We are the people of this country, have your say!

Such a predictable disaster!

Eeek!! I recently wrote about the tax increase on oil and gas in the north sea, well here is an update!

Yes, as predicted, investors are getting scared! Possibly the last thing the oil and gas industry needs!

Major oil companies, such as BP, Shell and Total, registered a drop from 60 to 39 (ouch). Wait, wait, what on earth does that mean?

The index is based on a 100 point scale, where the 50 mid-point divides positive and negative outlooks (OK, so definitely ouch!)