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The real reasons for Massow’s failure

Whatever the reason for the failure of this business, it’s not likely to be increased regulatory costs.

Unwelcome and excessive though they are, sound businesses are, and will continue to, survive and prosper.

The issue here was a poor and badly researched business model, which attempted to exploit a market which wan’t there.

’Too clever by half’, as many have suggested, and now, (although we’d all be happy to see the FCA accept responsibility for what it does get wrong) seeking a scapegoat rather than admit to failure.

 Gerry Cooper 


Markets pricing in BoE rate rise 2 years early

Financial markets are expecting the Bank of England to disregard its newly introduced policy of forward guideance and increase its base rate as much as two years early. Reports in today’s Financial Times say market interest rate expectations suggest the Bank of England will increase base from its current rate of 0.5 per cent towards […]


House prices rise 5.4% year-on-year

House prices are up 5.4 per cent year-on-year in August, according to the latest Halifax house price index. The average price in the UK in August reached £170,231 compared to £160,292 in August 2012. Quarterly figures show that three months to August were 2.1 per cent up on the previous three month period. On a […]


Lighthouse looks to close Exeter office as part of restructure

Lighthouse Group has launched a strategic review of its business which could see the closure of its Exeter office. As part of a series of proposals the firm’s back office operations centre, which is based in Exeter, would move to Stockport and Woodingdean offices by the end of March 2014. The Exeter office currently employs […]


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