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The Co-operative Bank, an ethical lender based in Manchester, has extraordinarily loyal customers. Why, you might wonder, is having loyal customers so extraordinary? Well, in the case of Co-op Bank, you could hardly blame them if they took their accounts elsewhere. The fact so many have stayed put, despite the bank’s spectacular fall from grace,
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Politicians fight over lots of different issues in general election campaigns, but one theme is a constant: they all try to appeal to ‘hard-working families’, by which they seem to mean mum, dad and a couple of kids. It’s well-intentioned, I’m sure. But I’m equally sure I can’t be the only non-parent who finds it
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I don’t normally glean insights for my personal finance columns from police dramas on TV, honest. Recently, though, I caught up with series one of Line of Duty. One of the plotlines explored the middle-class money dilemma of our time: how much a good parent should shell out for their kids. A decent officer was
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There was no shortage of momentous events in 1997. It was 20 years ago that Tony Blair was elected Prime Minister on a wave of New Labour optimism, Britain handed Hong Kong back to China and Princess Diana died in a car crash in Paris. Less earth-shatteringly, the former Alliance & Leicester building society and the
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‘Never give up your career for a man.’ These words of my mother’s rang in my ears throughout girlhood, adolescence and young womanhood, until, about a decade into my marriage, she finally accepted I wasn’t going to. The very opposite of an Austen-esque Mrs Bennet, desperate to engineer a good marriage for her daughter, my
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For anyone old enough to remember the 70s, the strikes that have broken out in the past few weeks are a reminder of the industrial strife that was a regular feature of life back then. As a child at the time, power cuts and picket lines seemed quite fun. They were not so amusing, of
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If the movie Bonnie and Clyde with Warren Beatty and Faye Dunaway is on TV again this Christmas, it might act as a reminder that the days when bank robbers used guns and getaway cars have been consigned to history. Nowadays, thieves are armed with broadband, not bullets. They don’t need a getaway car because
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One of the occupational pleasures, and occasional hazards, of being a financial journalist is the need to keep up with your reading. I’ve consumed a stack of books about the financial crisis and its aftermath, including Michael Lewis’s The Big Short and Vicky Ward’s riveting account of the downfall of Lehman Brothers, Devil’s Casino, notable
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‘I’m not loaded, I’m just ordinary,’ protested a wealthy friend of mine, when another chum teased him about his money. ‘Oh yes,’ his tormentor responded wryly, ‘you’re one of those ordinary millionaires, not one of the rich ones.’ It made me smile, and it also made me think. Many of us, like my well-cushioned chum,
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Who do you think is the first woman you would see if you typed ‘CEO’ into the Google Images search bar? Carolyn McCall of EasyJet, perhaps, or how about Angela Ahrends, who used to run Burberry and is now a big noise at Apple? Whoever you guessed, I’m willing to bet you didn’t expect her
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When the baby-boomer generation bought their first homes they were typically in their twenties, took out a 25-year loan, and fully expected to be mortgage-free long before they hit the big Six-Oh. Bring on the cruises and the two-seater sports cars. With an empty nest, no debts to speak of and a final salary pension, life
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I haven’t taken much notice of International Women’s Day since I flirted with radical feminism as a student, ahem, quite a while ago. But my inner Germaine Greer has been springing into life again due to a survey by recruitment consultants Robert Half marking IWD today. It found men are likely to earn £300,000 more than
