Word from the sage

“It is unwise to pay too much, but worse to pay too little; when you pay too much, you lose a little money, that is all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the things it was bought to do. The common law of business balance prohibits paying a little and getting a lot. It can’t be done. If you deal with the lowest bidder, it is as well to add something for the risk you run. And if you do that, you will have enough to pay for something better. There is hardly anything in the world that someone can’t make a little worse and sell a little cheaper – and people who consider price alone are this man’s lawful prey.” John Ruskin 1819 -1900

CBI Forecast Economic growth in 2014/15 and interest rates to be held

The latest from the CBI ahead of their annual forecast, as given by head honcho of the CBI John Cridland (Director-General), is that there is expected to be growth in the economy. That is probably not a big surprise as the service sector despite the tough times has remained 'steady' albeit battered and bruised by the banking crisis and the general woes of the recession. The other point that Mr Cridland made but did not get near enough headline coverage was that the CBI expects the Bank of England to hold the interest rates during the 2014/15 period. This is good news for property buyers and whilst not obvious good news or investors - it is not bad either. Investors that are able to come with creative ways to invest in the property market still have the capacity to take advantage of the low interest rates. /

http://www.cbi.org.uk/media-centre/press-releases/2013/11/uk-now-on-a-steady-growth-path-through-2015-and-beyond-cbi