UK consumer credit Latest figures from the Bank of England (BoE) show UK consumer credit rose by 9.8% and is now at £201.5 billion. This figure excludes mortgage lending. That’s high, even though it was the lowest since April 2016. Debt in the UK and globally is unsustainably high! Is …

Cyber attack at CeX The high street and online business is advising customers to amend their passwords. They say that they were recently hacked. The company also runs the ‘webuy.com’ website. They are advising two million customers to change their passwords. I am not aware of the type of attack …

More on the electric Mini The first electric mini is expected to be unveiled by BMW at the Frankfurt Motor Show in September. Production version of the Mini scheduled for 2019 We’ll keep you updated. Visit BMW website here The electric Mini will be built in the UK  

Pound vs Euro. This week (Tuesday) we saw the pound fall to an eleven month low. Could the pound hit parity against the Euro? BREXIT indecision, slow growth, sluggish GDP, low interest rates and party political naval gazing are adding to UK woes! Will £1.00 = 1.00 euro ?? If …

Asian Markets. Asian stocks recover as markets appear oblivious to risk. Underlying tensions remain but markets seem unaffected by the North Korean missile launch over Japan.  After falls on Tuesday, we saw a rebound on Wednesday. Japan’s NIKKEI index recovered from a four month low. South Korea KOSPI index headed …