My Dual Fuel Bill
I seem to pay £154 a month for this.
I wouldn’t know if that is high or low, except that it’s certainly a lot less than I used to pay in the two previous houses.
An Overview Of Peer-To-Peer Lending
I just found this excellent article about peer-to-peer lending in the Northern Echo.
Is It The Time To Put RBS Down?
RBS looks like it will be facing large fines from both the UK and US authorities according to this report on the BBC web site. The report starts with this paragraph.
Any fines by US authorities on Royal Bank of Scotland over the Libor scandal should be met by bankers not taxpayers, Chancellor George Osborne has insisted.
But even if it finds this the money to pay the fine from bankers bonuses, the saga of this worthless company just goes on. They still don’t seem to have managed to get rid of the 316 branches, that they tried to offload to Santander.
If the bank were to be put into administration, customers would do the thing, that they should be doing now and that is move their accounts to another bank.
I do wonder how many people still bank with RBS or its subsidiaries?
At the moment the bank is just a zombie, whose only use for most of us is to get cash out of their cash machines.
Would anybody except the employees miss it, if it was put down? I doubt it. But I suspect most of the good employees have already left the bank.
Only The Names Have Changed
I took this picture at Southgate station.
Only The Names Have Changed
The banks, when I passed through in the 1950s, were I think, Westminster on the left and Midland on the right. I also think there was a National Provincial there as well.
Note the period finger post in the middle of the road.
The Spanish Fall In Love With Britain
The Times has an article, where it describes how the Spanish are falling in love with Britain, its culture and the English lanuguage. This is the introduction to the article.
A passion for cupcakes, Jamie Oliver and all things red, white and blue is sweeping Spain — Britannia, it seems, is suddenly very cool.
From Madrid to Barcelona, Málaga to Bilbao, the Union Jack is visible everywhere as Spaniards seek to soak up the spirit of the London Olympics.
They are buying T-shirts, cushions, plates, towels, pencil cases — anything that bears the British flag. They are also flocking to learn the language in increasing numbers.
So amongst all the gloom of the economy yesterday, perhaps we are doing something right!
The Times puts it all down to the Olympics.
I must say though, that you come across a large number of Spanish people in London these days. but then we have the jobs and because of Spain’s unemployment, they have the people to fill them.
How Do You Choose An On-Line Bank Account?
If I want to choose a piece of software to say edit images, it is a fairly easy process.
I can usually try the software before I buy it and all of the charges are there in words of a couple of syllables.
If say, I want to use some form of system, to store those pictures on-line, it’s something very similar. Usually, I would try it for a few days, and if I didn’t like it, I could go and try another.
But what would Barclays, Lloyds, HSBC et al, say if I said, I’d like to try their on-line banking for a few days, to see if I liked their interface? I doubt they would be amused. Or even take me seriously!
I did try to get a pointer by typing “which on-line bank account has the best interface” into Google and all I got was adverts for on-line banking. But no serious study!
Someone should do one. I would, but I’m certain that the banks would wonder why I wanted accounts with all of them.
In other ways, the customer, who should be king, loses out all round.
A Very Colourful Business
I would have thought that making pom poms was a business, where nimble Asian fingers were needed in a sweat shop somewhere East of the Gulf.
So I was surprised to see on the local BBC News that a lady has started a business called Paperpoms UK to make them in South London.
And it looks like she’s being successful!
So don’t ever knock a business idea because it seems a bit odd or very niche market!
Certainly, the free publicity tonight from the BBC, won’t hinder their success.
Supporting Aston Villa Is Much More Stressful Than Being Governor Of The Bank Of England
This is a quote from Mervyn King, in an article in the New Statesman.
I think he ducked the match at Villa Park yesterday, as he was making a speech in Belfast.
Improving Banking Security
There is an article about the security level of chip and pin on the BBC’s web site. It got me thinking.
I am careful with my bank debit and credit cards and feel that with on-line banking, not enough is done to create a more flexible and much more secure system, by using the power of the servers to make things difficult for a criminal.
Logging In
I always log in from memory, rather than use the little machine that my bank gave me. As the customer number and passwords are not written down anywhere, even with the card and the machine, it would be difficult to log in to my account, unless they had co-operation from someone inside the bank.
There is a big flaw in the bank’s security, in the fact that all the machines are identical, which means criminals only have to get one to use this method of logging in, if they have a stolen debit card and the customer number. I needed a new one and just went into a branch and asked for one. They didn’t ask me any questions, before I got a new one.
I very much like the login system used by Zopa. It is very secure and very simple, and I would suspect most people would not need to write anything down to login first time. Something, you can’t say about many systems I’ve seen.
Restricting Cash Withdrawals
I have never understood why thee is nowhere in your on-line banking account, where you can set parameters about how and where you can draw money out through cash machines.
In a simple case, you might impose limits on the amount of money that could be withdrawn at any one time, or say in a week or month.
I would impose a limit of up to a hundred at any one time. If I needed more, I could always change the limit. You wouldn’t want to make it too complicated, as it would start to get onerous.
Better Bank Statements
When I look at my bank statement on-line, the cash withdrawals, just say how much I’ve withdrawn and the name of the bank. Some of the direct debits are well documented either.
it would be very easy to say give every cash point machine a unique reference, so when you checked the statement, you would quickly notice a transaction that was perhaps done with a cloned card.
The more information you gave customers, the more likely they would be to spot something that wasn’t correct.
An Emergency Pin Number
You hear stories about criminals threatening cash point users and getting them to draw money out. So why not have an emergency pin number, that smallows the card, perhaps gives out a few pounds and then says something like.
This machine as run out of money, please try another machine.
Whatever the system did would have to be carefully thought out, to avoid the criminal taking it out on the victim.
SMS Confirmation Of Bigger Transactions
I’ve never understood, why this couldn’t be done, as any message relating to a purchase you hadn’t made, would give you warning.
I’ve always felt that this would be very effective, even if only a few cards were setup this way. But would criminals take the chance of using a card that was, when it might start an immediate chase.
In some ways, what seems to be sad is that all on-line banking is so similar, when there are so many things that can be done to make the system much more secure for both the bank and its customers.
Banks are just so conservative and don’t innovate. Which is why they’re going to fail even more.
The Arches Underneath
I had gone to London Fields station to find the E5 Bakehouse, that delivers bread to the pub next door. I hadn’t expected this line of railway arches, that had been creatively turned into small business units.
The E5 Bakehouse has a rather good cafe and I had an excellent cup of tea before moving on. There was no gluten-free bread or cakes, but there was at the Happy Kitchen.
I bought a cake for later and it was certainly worth the couple of pounds I paid for it. They said it was a bit stale and that they would have some new ones tomorrow, which they were baking for their stall in Broadway Market.
My one problem with the cake, was that if this was a stale one, just how good is a freshly-baked one? I shall go and get another in a few days.
As I look back on my visit to this immaculate row of railway arches, I can imagine C, my late wife, swooning over that bread in the bakehouse and I was almost feeling resentful at being a coeliac. But then I did have that glorious cake!
Good luck to all, who try to run a business in these difficult times! And especially those, in a small niche market like gluten and everything else free cakes. Except of course quality!
The Anonymous Widower 