Best of this week’s finance tweets – 23rd December 2011

8 min Read Published: 23 Dec 2011

twitter logo Here is this week's compilation of those tweets worth reading from the best financial tweeters out there, including me of course.

Twitter helps give you an inside fast track into the world of personal finance and the latest developments. I read and interact with hundreds of people via twitter everyday and only bring you those that are worth listening to. (If you want to join my watch list then simply follow me on twitter @money2themasses)

All the following tweets are the respective tweeters personal views and not those of their employers.

 

GETTING THE BEST PENSION ANNUITY RATE

A converstation between  Radio 4 Money Box host  Paul Lewis (@paullewismoney) and Hargreaves Lansdown's Tom McPhail (@PensionsMonkey) on the Open Market Option. The Open Market Option is the ability for pensioners to shop around to get the best annuity rate:

 

  • @paullewismoney - My alternative to encourage shopping around: 'WARNING: If you stay with us you'll probably be poorer for the rest of your life' should work?
  • @PensionsMonkey: @paullewismoney you'd have thought, actually people think: they must be nice insurers, I'll stick with them. Has been tested.
  • @paullewismoney: @PensionsMonkey >>> Indeed. That's why we need a law.
  • @PensionsMonkey: @paullewismoney trying to get decent #pension shopping around process, we're pulling more teeth than the average dentist: reluctant insurers.
  • @paullewismoney: @PensionsMonkey I know you are working hard on it Tom that's why we need a law.

 

 

UK ECONOMY

 

@EdConwaySky Dec 20, 5:24pm - Ed Conway - Economics Editor of Sky News

Moodys hints UK cld lose AAA cos of euro crisis: "rating sensitive 2 future developments in euro area's debt crisis, even tho UK not member

 

 

@martin_greig Dec 21, 5:48am

RT .@clivehollick: Govt's failure to boost growth and demand threatens UK's AAA rating. Perfect storm ahead. on.ft.com/tR2d2r

 

 

@BBCHughPym Dec 22, 9:33am - Hugh Pym - Chief Economics Correspondent for the BBC

UK GDP growth revised up from 0.5% to 0.6 in Q3 but previous quarter revised down by same amount - so unchanged picture over 6 months

 

@money2themasses Dec 22, 10:18am - ME!!!

But current quarter's GDP will be most telling - lot of analysts expecting a small contraction. We'll find out on the 25th Jan

 

 

TRAIN FARE INCREASES

 

@JonathanDavisWM Dec 20, 8:45am - Jonathan Davis - Economist & Wealth Manager

@simonjacktoday @BBCr4today Rail fares go up to pay high salary increases. Thx to the union and the execs

 

@JonPrynn Dec 20, 8:48am - Jonathan Prynn - Consumer Business Editor of the Evening Standard

Commuter misery: Swindon season tix pass £8k barrier, up 6%. Winchester over £5k for first time. Milton Keynes up 6.5% to £5,280

 

HMRC REVEAL THAT BIG COMPANIES GET PREFERNTIAL TAX TREATMENT

 

@BBCHughPym Dec 20, 8:01am - Hugh Pym - Chief Economics Correspondent for the BBC

HMRC says 25 bill fig not real outstanding tax liability. Says it collected record tax last year

 

@Peston Dec 20, 8:13am  - Robert Peston - BBC Business Editor

Hodge: "a damning indictment of HMRC & the way its senior officials handle tax disputes with big corporations" bit.ly/rBQ41e

 

@paullewismoney Dec 20, 8:24am  - Paul Lewis - Radio 4 Money Box host

Extraordinary anger among tweeps this morning about way big cos treated over tax and comparisons with how touch HMRC is on small businesses

 

@paullewismoney Dec 20, 8:29am -  - Paul Lewis - Radio 4 Money Box host

HMRC refused to cooperate with the MPs committee but then complained the report was 'partial' 'inaccurate' and misunderstood facts!!

 

@paullewismoney Dec 20, 8:30am  - Paul Lewis - Radio 4 Money Box host

At one point the Public Accounts Committee insisted the HMRC lawyer took an oath to ensure he told the truth.

 

@paullewismoney Dec 20, 8:32am  - Paul Lewis - Radio 4 Money Box host

Committee established there was no legal bar on HMRC revealing details of tax settlements with companies - it was merely its own practice.

 

ON NEWS THAT A NUMBER OF BANKS ARE TO SCRAP CURRENCY FEES

 

@paullewismoney Dec 20, 6:39am  - Paul Lewis - Radio 4 Money Box host

Also very good news that the banks are to scrap or cut their charges for buying foreign currency thanks to Consumer Focus complaint.

 

@paullewismoney Dec 20, 6:40am  - Paul Lewis - Radio 4 Money Box host

...and yes that is the same Consumer Focus that is due to be abolished under the bonfire of the quangos.

 

@jimconey Dec 20, 7:25am - James Coney - Editor of Money Mail

No greater proof that Govts don't listen than fact Consumer Focus to be scrapped..even after yet another victory for consumer rights.

 

@PensionsMonkey Dec 20, 8:03am - Tom McPhail - Hargreaves Lansdown

@jimconey they may have done good work but the Consumer Focus pension report was pretty poor

 

 

MORTGAGE MARKET REVIEW 

 

 

@money2themasses Dec 19, 9:14am - ME!!

New mortgage lending rules set out by FSA - lenders will have to check the ability to repay the loan, radical stuff! bbc.in/tpmsf7

 

@Samuelsdale Dec 19, 10:40am - Samuel Dale - Journalist at Mortgage Strategy

MMR: Rules could incentivise lenders and borrowers to go direct: bit.ly/vrljX8 >> this much doesn't sound good for brokers

 

@buyingagent Dec 19, 4:19pm - Tracy Kellett - Buying Agent London & South-East

Not commenting in depth about FSA mortgage recs as 'on hols'. BUT in essence means you'll be able to get a mortgage if you don't need one.

 

 

VICKERS REPORT ON BANKING REFORMS

 

@jilltreanor Dec 19, 4:05pm - Jill Treanor - Guardian journalist, specialising in the banking sector

Osborne stresses that the "ringfence" recommended by Vickers will not prevent banks from failing #business

 

 

NORTH KOREA

 

@aliceemross Dec 19, 10:20am - Alice Ross - Currencies Correspondent at the Financial Times

North Korean leader dies; South Korean won plunges: buying opportunity, claims Soc Gen.

 

@EdConwaySky Dec 19, 9:50am - Ed Conway - Economics Editor of Sky News

Here's that famous satellite image of North and South Korea at night pic.twitter.com/7cAU6KN3

 

@headlinemoneyEd Dec 19, 9:30am - Andrew  Michael - Editor of Headline Money website

Have you noticed how everyone appears to have turned into a North Korea's adviser this morning?

 

 

 

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