economics

Narcotics - just another enterprise

An interesting article in The Ecomist - drug dealing analyzed just as any regular industry. More entertainment, than a real business case.

Bank of England - 5.5 rate possible

The chances for another interest rate rise this month are not very high, but still possible, according to Reuters. The house prices are growing, and even if we are spared this month, before the end of the summer the interest will almost definitely go up.

Even lap dancers have to pay their own VAT

An article on Reuters, lap dancers have to pay their own VAT, similar to other self-employed.

Read-only on-line banking

I think it would be great if banks provided "read-only" access for on-line banking - a set of credentials, which can only be used to view the current state of the accounts, but which would not allow to execute any operations. The advantages of this approach are:

Budget 2007 - full speech

If you are really interested, here is the full 2007 budget speech, given by Gordon Brown on 21st of March 2007

In this my eleventh Budget, my report to the country is of rising employment and rising investment; continuing low inflation, and low interest and mortgage rates; and this is a Budget to expand prosperity and fairness for Britain's families - and it is built on the foundation of the longest period of economic stability and sustained growth in our country's history.

Budget 2007 analysis

A review of the latest budget speech from the small business point of view has been published.

A simple Q&A article about the budget is available on BBC.

Gordon Brown - 2007 budget speech

Lord Chancellor has delivered his new budget speech for 2007. Surprisingly for many, he promised some tax cuts for businesses and individuals alike. Not surprisingly, most of the money will be recovered from the tax payer using new taxes and elimination of existing allowances.

UK: petrol tax higher than 70% at the pump!

An article on BBC, published in 2000, but still relevant today, shows, how automobile fuel is taxed in the United Kingdom. The current duty figures, somewhere between 70% a

Japan: is electronics industry dying?

A recent article on BBC cites an interview with the former Sony executive whines, that the Japanese industry is losing to competition, mainly from US. But reading into the article further reveals, that the main victim of the battle between Sony, Apple and Microsoft is actually the executive himself, who apparently didn'

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