Daily Archives: August 24, 2008

Jim Pickard

The typical household in the UK has seen disposable income drop by 15 per cent in the last year as food prices and utility bills soar.

Disposable income now represents 28 per cent of average household income, down from 35 per cent a year ago, according to a survey published on Monday by uSwitch.com, the price comparison website. This is the equivalent of £14,520, down from £17,102. Read more

Jim Pickard

PA Consulting’s website boasts about its appearances in the business and national media. Strange then that it makes no mention of the latest flurry of publicity, such as here, here and there. Should we expect an update?

Here’s another one from this morning for the company to add to their files.

Jim Pickard

Back in February the prime minister said in his monthly press conference that it was “entirely possible” the government could sell Northern Rock at a profit. Eventually.

But now we know that Goldman Sachs was – in the same month – advising the Treasury in private that taxpayers would lose at least £450m from the nationalisation, even under a best-case scenario. Read more

Jim Pickard

That will be the inevitable response within most of the Labour party to the imminent departure of Lord Jones of Birmingham, former head of the CBI.

One of the “goats” (non-partisan ministers in the, ahem, ‘government of all the talents’) hired last summer by Gordon Brown, he was hardly an outright success. Read more