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Casting a spell

The spellcheck function on modern computers could be described as a first step towards artificial intelligence.

When writing “Fishwick”, the computer suggests “fishlike”, Alistair Darling becomes Alligator Darling, Skandia is “squander” and multi-tie turns into “mullet-tie”.

Bankhall becomes “bankroll”, Fatchett turns into “fattest”, Carby becomes “crabby” and Ritchie is “retch”.

Some of the alternative spellings of financial services individuals&#39 names could be enough to start a new trend of porn star names.

For example, Diggle would become “jiggle”, Willetts gets “wilted”, Duffield turns into “defiled” and McAteer gets “meatier”. The Diary would love to hear your porn star spellchecks.


Abbey sells off First National to GE for £848m

Abbey National is selling its First National mortgage and unsecured lending business, which deals exclusively through intermediaries, to GE Consumer Finance, owner of sub-prime lender igroup, for £848m. Abbey says First National operates largely independently of the group&#39s other businesses, under its own brand and in different market segments where there were limited cross-selling opportunities. […]

Serpentine sums

The decision on whether to contract out of Serps and invest the rebates in a personal pension was fairly straightforward in the past. Based on the earnings and risk profile of a client, a pivotal age was calculated to find the point beyond which contracting out of Serps became less attractive than opting in. But […]

Bank of England cuts interest rates by 0.25 per cent to 3.75 per cent

The Bank of England&#39s Monetary Policy Committee today voted to cut the Bank base rate by 0.25 per cent to 3.75 per cent from 4 per cent.This the first change in the rate following a status quo of 14 months. The MPC says it reviewed monetary and economic developments in the light of its latest […]

Simple saving

The Pensions Green Paper might have been disappointing but the same cannot be said of the proposals for tax simplification, launched in a simultaneous consultation paper. Consider the joint objectives: •Providing choice for everyone by simplifying the structure and removing the mystique born of years of legislative “tinkering”. •Increase protection for members of occupational schemes, […]


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