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...The shorter-term account contains say five years worth of income, invested in short-dated bonds that aren’t affected by interest rate changes....
...As such, accounts receivable and accounts payable will simply reverse in the current quarter and cash flow will even out in the current year....
...You don’t have to take the precise numbers seriously to be struck by the contrast....
...“I’ve applied for a bank account, a business bank account and as soon as I get to ‘what’s your occupation’ and I put the sex industry, it just won’t let me carry on,” said Webster, adding: “So you want me...
...Surely it will be easier to hold our politicians to account if they clearly own the levers of change but choose not to pull them....
...What many don’t realise is that, legally, all money held in a joint bank account is owned by anyone named as an account holder....
...It’s a good idea to review the charity’s accounts and ask to see documents such as a risk register to understand any liabilities you may need to manage....
...Any British minister who now goes back on that arrangement would be betraying their responsibility to the exchequer, and would be a legitimate target for the public accounts committee....
...CSAs weren’t perfect, but they worked well enough....
...These aren’t things that are in the Treasury’s control, but it does illustrate the gap.”...
...If it was sitting by itself in a near-yieldless savings account, OK, maybe they do feel richer (though if it hasn’t been moved into a money-market account, they do not feel much richer: average yields on...
...“These are statements I don’t want to make....
...We won’t get away from it, but if we’re more integrated into the Chinese economy, we’ll be more protected than if we don’t have it,” he said....
...Music rights valuations must take into account artist recognition plus owner control....
...“There isn’t anyone at the moment that would be willing to take on that risk,” said another, who added that banks see the proposals as unworkable....
...I’m 45 years old and gave up my career to look after the children, so I want to make sure the maintenance takes into account that I may struggle to re-enter the workplace. I don’t know where to start....
...The 10 largest stocks in the MSCI All Country World Index now account for 19.5 per cent of the widely followed benchmark of 23 developed and 24 emerging countries....
...While debanking isn’t unusual, these numbers are shocking. Banks have an obligation to manage risk, but that shouldn’t mean pulling the rug out from under thousands of businesses....
...Challenger banks will send reminders that amounts are due to come out of your bank account.”...
...The vivid accounts suggest that Smyth’s sympathies lie with artisanal versions of bookmaking, in which both method and purpose run counter to the forces of industrialisation....
...But it doesn’t explain it all....
...There are, however, ways of moving money out of a bank account without going through the courts. Set-off allows a bank automatically to collect money that an account owner owes it....
...“You will ask the librarian what novels are written by Indian people and she will tell you that she doesn’t think there are any.”...
...Meanwhile, the White House has doubled down on the idea that free trade simply doesn’t account for the cost of negative externalities like climate change....
...The don’t knows....
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