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.
On Utility companies cutting their bills
@EdConwaySky – Ed Conway - Ed Conway - Economics Editor of Sky News
If every utility cuts gas prices by 5% it'll knock 0.1% points off inflation. If they do electricity by same amt too that's another 0.1% off
@simonnread – Simon Read - personal finance editor at The Independent newspaper
SSE 4.5% price cut comes around hour or so after after British Gas 5% cut. Who thinks that the energy companies don't work as a cartel?
@MartinSLewis – Martin Lewis - owner of moneysavingexpert.com
British gas elec only cut of 5% as predicted. Don't let that make u think you're on a good deal; still worth comparing moneysavingexpert.com/energy
@money2themasses – Me (Damien Fahy)
If only we could convince an energy company CEO to stick his head in an oven.....
Europe
@AllisterHeath- Allister Heath - Editor of City AM
Eurozone bond auctions were much more successful today. Lull in crisis.
@Jasmine – Jasmine Birtles - owner of moneymagpie.com
Mafia is Italy's biggest business. That explains why they're one of the biggest economies in the world...still tgr.ph/zh58ur
@EdConwaySky - Ed Conway - Economics Editor of Sky News
Eurozone ever closer to recession. Eurostat cuts estimate of Q3 GDP growth from 0.2% to 0.1%. Slowest since 2009 recession
@RobinBew – Robin Bew - Economist
Negative German yields on debt auction suggest safe haven status. But most outcomes bad for Germany. Bailouts, Eurobonds, periphery crisis.
@ReutersJamie - Jamie McGeever - Editor at Reuters Insider TV
equities calm, resources/energy stocks highest in months, volatility slumping...yet italy +7%, greece teetering. something has to give
@ReutersJamie - Jamie McGeever - Editor at Reuters Insider TV
significant chance of italian downgrade – fitch
@EdConwaySky - Ed Conway - Economics Editor of Sky News
Fitch's Olbert: "We don't believe euro will split up. Relative debt of eurozone compared to the UK and the US isn't that outsized."
Mortgages
@Mortgage_Mind - Lea Karasavvas – Mortgage Broker
Hmmm. nationwide launch new 90% deals tomorrow. Low deposit borrowing is certainly having a go this January!!!
@JohnTheJourno – John Fitzsimons - Acting editor of personal finance website lovemoney.com
Accord now offering 90% LTV mortgages. Two and five-year deals launching tomorrow, including 2-yr deal at 4.89% with £995 fee.
Wonga promoting their payday loans to students
@martynsaville – Dr Martyn Saville - Personal finance journalist at Which?
@MartinSLewis That Wonga claim is outrageous - student loan repayments are based on ability to pay post-graduation. & there's no 4000% APR!
@MartinSLewis -Martin Lewis - owner of moneysavingexpert.com
Wonga you're a moral disgrace. You try the "we're payday loan good guys" yet this is nasty
Loans & Credit Cards
@ukmoneyguru – Julian Knight - Money and property editor, independent on sunday
70 per cent of websites offering consumers loans flout EU credit rules - all sites in Spain, Cyprus and Slovakia failed the mystery shop
@money2themasses – Me – Damien Fahy
MT @JohnTheJourno: average Brit spent £17k on credit cards last year. Bloody. Hell. > but doesn't that inc those who clear balance each mnth
Retail
@hwallop – Harry Wallop - Retail Editor - Daily Telegraph
Debenhams sold 2m bottles of perfume in 5 weeks to Xmas Eve. Men of Britain, you are very unimaginative...
UK Economy
@EvanHD – Evan Davis – Radio 4 Today programme
I think most economists would argue that a) cutting less now gives you more growth, but b) not so much extra growth that you borrow less.
@EdConwaySky - Ed Conway - Economics Editor of Sky News
3 key surveys released today reveal: housing market improving (RICS), high st sales ditto (BRC) & recession not inevitable (BCC)
Phishing Email Scams
@paullewismoney - Paul Lewis - Radio 4 Money Box host
If you get an email offering refund from HMRC, IT IS A FAKE. Forward to [email protected] uk and delete permanently using Shift-delete
@paullewismoney - Paul Lewis - Radio 4 Money Box host
If you get suspicious email hover mouse over link and you will see where it is really from - but don't click on it that can download virus.
@paullewismoney - Paul Lewis - Radio 4 Money Box host
Interesting website lists top scam emails and where they are really from millersmiles.co.uk - thanks to @money2themasses
