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A matter of Principle…

M2 Financial IFA Steve Buttercase has an admission to make to Diary.

In the 1980s, Buttercase was in what he calls “a quite successful band” called The Principle.

According to Steve, the band made several TV and radio appearances and even got to number 72 in the charts with their first single. Anyone who wants to see a clip of The Principle in action should go to YouTube and search under “Principle”, “Talking” and “Heads”. “There is no harsher critic of a person’s performance than one’s own mother.”

Neptune founder and star manager Robin Geffen on the fact that his mother has a significant proportion of assets in his income fund

“It’s too hard. You have to dance to four walls and all that. I can waltz but anything where you have to use the lower half of your body, I’ve got no hope.”

FundsNetwork head David Dalton-Brown on ballroom dancing lessons

“My wife’s born on Valentine’s Day so I get to double up on that and my daughter is born on Christmas Day so I can save on that one as well. It’s brilliant.”

Dalton-Brown again Compliance consultant Adam Samuel


Gov wants Northern Rock exempt from Freedom of Information enquiries

The Government is attempting to exempt Northern Rock from the Freedom of Information Act with a clause in its draft legislation to nationalise the stricken bank.The legislation states: “Article 18 deems Northern Rock not to be a publicly-owned company for the purposes of the Freedom of Information Act 2000.”The Freedom of Information Act says nationalised […]

London bucks the trend for repossessions

London was the only UK city to see a fall in the number of mort-gage possession orders made in the fourth quarter of 2007.Ministry of Justice figures show that 3,140 possession orders were made on London homes in Q4, down by 14 per cent from the previous year.The Midlands saw a 16 per cent rise […]

Governor dampens hopes of rate cuts

Bank of England governor Mervyn King has warned that inflation could reach 3 per cent in the coming months, missing the monetary policy committee’s target.He says big interest rate cuts, as recently seen in the US, are unlikely in the UK and that rising food and fuel prices will put household finances under serious pressure.Delivering […]


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