Best of this week’s finance tweets – 3rd February 2012

3 min Read Published: 03 Feb 2012

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 every week 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 tweeter's personal views and not those of their employers.


Sir Goodwin losing his knighthood

@martinbamfordMartin Bamford - Independent Financial Adviser

Fred losing his knighthood brings us one step closer to the reintroduction of duelling. That's the type of society I want!


@Samuelsdale -  - Samuel Dale - Journalist at Mortgage Strategy

Seemingly unanimous support for Fred's shredding. Righteous indignation is more British than roast beef


@lucytobin - Lucy Tobin - Evening Standard Journalist

Sun headline tomorrow: Fred the Shredded?


@SarahModlock - Sarah Modlock - Journalist

Of course Fred Goodwin should not be compared to Mugabe but I'm unmoved by all this bleating about witch hunts + him 'unfairly' losing KBE.


@HenryPryor -  Henry Pryor - Property Expert

There is something deeply uncomfortable about the lynch-mob approach to Fred Goodwin. Are we now withdrawing knighthoods for incompetence?


@jimconey - James Coney - Editor of Money Mail

What I don't understand about the honours systems is why so many people seem to be rewarded JUST for doing their job.


On being cold



@PestonRobert Peston - BBC Business Editor

What's more dispiriting than sitting at home waiting for British Gas to come & fix boiler, 2nd day running, on coldest day of year?


@PestonRobert Peston - BBC Business Editor

Okay. I now know there are lots of things worse! Blimey, excuse me for having a moan. Anyone would think you're my mum


@Mortgage_Mind  - Lea Karasavvas – Mortgage Broker

It's colder than an Eskimos bathroom this morning!


@MSNDamian - Damian Clarkson - MSN Journalist

Apparently the temperature in parts of Russia is -34. That should put things into perspective, but I still want to moan about how cold it is


@pensionlawyeruk - Jennie Kreser - Partner at Silverman Sherliker, a City law firm

Was tempted to tie hot water bottle round waist this morning on way to work...#sillybutwarmjens


UK Economy


@bondvigilantes - Bond Vigilantes - M&G Fixed Income fund managers

Bank of England has talked about 0.5% being as low as they'd go, although signs they are reconsidering this (as UK economy slows).


@AllisterHeath - Allister Heath - Editor of City AM

Bad UK construction PMI survey. Still growing, but only just, and weakest for four months



@EdConwaySky - Ed Conway - Economics Editor of Sky News

I anticipate some hastily-assembled q&a pieces abt our newest EU ally, the Czech Republic, in tomorrow's papers


@ReutersJamieJamie McGeever - Editor at Reuters Insider TV

so china telling europe to sort itself out first, then it will consider splashing the cash.


@money2themasses - Damien Fahy - Me!

Greece on brink ahead of summit - - no. of elections in EU this yr as well & can't see voters accepting external controls either


Payday  Loans / Consumer borrowing


@simonnreadSimon Read - personal finance editor at The Independent newspaper

Payday loan firm Ferratum predicts that 3.5m Brits will have to resport to applying for a loan in the next six months. #depressingthought


@Jasmine -  Jasmine Birtles - owner of

3/4 of complaints against payday loans companies upheld by Ombudsman a/c Debt Advice Foundation


@martynsaville – Dr Martyn Saville - Personal finance journalist at Which?

Good 1st step that Wonga agrees to limit rollovers, but doesn't stop indivs borrowing from co A then B then A again until debt unmanageable


@PhilAldrick– Philip Aldrick - Daily Telegraph Economics Editor

Consumer credit contracted by £400m in December - largest since records began in 1993 Households totally debt averse


@EdConwaySky - Ed Conway - Economics Editor of Sky News

Big drop in consumer credit in Dec. Wonder how that fits with strong retail sales? RT @bankofengland:


@paullewismoney Paul Lewis - Radio 4 Money Box host

If you want to get a mortgage get a credit card and pay it off each month. A perfect credit record will help FTBs with mortgage application.



@JonathanDavisWM-  Jonathan Davis - Economist & Wealth Manager

In 2 days FTSE has given back entire January gains #hotair


@JonPrynn  - Jonathan Prynn - Consumer Business Editor of the Evening Standard

Confirmed Tesco below 30% last in May 2005. Still huge and dominant of course but the direction and speed of travel is remarkable.


@JonPrynn - Jonathan Prynn - Consumer Business Editor of the Evening Standard

Instant analysis (via google) suggests it is first time since 2005 that Tesco share below 30% mark. What a first year for Philip Clarke!


@Brian_Dennehy - Brian Dennehy - Chartered Financial Adviser

Footsie (et al) short term technicals suggest bit more upside. But #facebook IPO classic sign of topping markets