I spoke to Ed Bowsher from lovemoney.com this morning and he helped me decide on where to put my savings. Now is a rotten time to save – interest rates very low, inflation significantly higher than interest rates. Possibly worst time ever. But things will probably get better later in the year.
What type of savings accounts are available? There are two types of savings accounts Long Term and Easy Access. As a rule the long term accounts will have fixed interest rate for larger sums of money, but it will not improve if interest rates change .
Top savings accounts: for long term or bond savings accounts Santander and Nationwide have the best rates of interest and for Easy Access ING and Alliance and Leicester Online savings account.
For more details on where to put your money go to
LOCAL BUSINESS
- Alan Sugar has launched an appeal against the councils decision to refuse planning permission for an extension to The Annexe in King's Road
- Cross Rail tunnelling contract is up for tender, March 24th is the closing date for submissions.
LOCAL SPORT
Last night's Ryman League match between Aveley and Bognor Regis Town was called off because of the weather. This match has been postponed for 24 hours in the hope that conditions improve by this evening.
Tonight:-Championship Manager Cup (fourth Round) Billericay v Sittingbourne
OLYMPICS
Great Britain's men's curling team crashed out of the Winter Olympics in what's being described as a heartbreaking loss to Sweden. The play-off for a place in the semi-finals finished in a 7-6 extra end defeat for the reigning world champions. Sweden now go on to face Canada.
WORLD NEWS
A US man is attempting to get into the Guinness Book of World Records with a giant ice igloo that he has built in his garden in Wisconsin. Paul Steckart's 'bigloo' is 27ft 4ins (8.3 metres) wide and 17ft 6ins (5.3m) high. The current record holder for the biggest igloo is 26ft (8m) in diameter and 14ft (4.2m) high. He hopes to hear from Guinness within the coming weeks, before the spring turns his pride and joy into a pile of slush. - Neal Walker, Sky News Online
LOCAL NEWS
BIG bird!
A GROUP of expert wood craftsmen in Billericay have put the final touches on a special wren for the National Memorial Arboretum garden in Staffordshire, which remembers fallen service men and women. Peter Benson, 73, who runs the woodcarving school, said it had been a pleasure to create the bird. Other woodcarvings by the school for the garden include a two-and-a-half tonne polar bear. The wren will be unveiled at the gardens this spring. - Evening Echo
Student Debt
Liz Barber, 43, fears she was mis-sold a qualification for a job she would never secure, she is one of many people across Ongar to have signed up to become an energy assessor with Property Professionals+ Ltd, which went into administration on February 3 this year. Trainees, who paid almost £10,000 each in tuition and exam fees, say they have been misled as the jobseekers claim they were told there was a big shortage of assessors and were promised they would earn £60,000 a year once they had completed the course.
Anyone who has been affected should make sure they have registered their details with the administrators HJS Recovery at help@hjsrecovery.co.uk or by contacting 023 8023 4222. Kingston Council's trading standards department has also requested that complaints are logged on the national database
MUSIC NEWS
Muse and Kasabian were the kings of the NME Awards, but Oasis failed to pick up a single gong despite receiving three nominations. (Maybe NME didn't want their awards thrown to the crowd!!!)
Riding high after their Brits success last week, Kasabian scooped best album and best album artwork for West Ryder Pauper Lunatic Asylum. Muse also picked up two awards - best British band and best website. The Specials collected the outstanding contribution award and Godlike Genius went to Paul Weller. JLS were not so lucky and got the Worst Band Award and the Jonas Brothers got the Worst Album award for ' Lies vines and Trying Times'
NME Awards http://www.dailymail.co.uk/tvshowbiz/article-1253615/NME-Awards-2010-Lily-Allen-shows-60s-inspired-dress-praised-looking-fans.html Great Pictures!
Thursday's Top Ten Albums:
1 GLEE CAST - GLEE - THE MUSIC, SEASON ONE - VOL 1
2 LADY GAGA - THE FAME
3 FLORENCE & THE MACHINE - LUNGS
4 ALICIA KEYS - THE ELEMENT OF FREEDOM
5 PAOLO NUTINI - SUNNY SIDE UP
6 ANDRE RIEU - FOREVER VIENNA
7 OWL CITY - OCEAN EYES
8 ROBBIE WILLIAMS - REALITY KILLED THE VIDEO STAR
9 BLACK EYED PEAS - THE END
10 JAY-Z - THE BLUEPRINT 3
ifestlive
A TEENAGER who claims to be a self-made millionaire is planning a four-day music festival in Billericay at Barleylands showground next July, to rival V Festival in Chelmsford.
Phil Hutchinson, 19, wants to stage a music event that will cater for up to 120,000 revellers and he has said that he is targeting top music acts including Kasabian, Pixie Lott and Kings of Leon to play at the event. Tickets would cost between £110 and £130. The event would cost up to £6million to stage, with sponsors covering much of the cost. Phil calculated the revenue from a successful festival could be up to £23million. - Evening Echo
Phil will also be competing with various other festivals that take place in the Summer Months including Love Box, Latitude, Ben and Jerry's, and any number of festival gigs in Hyde Park London - the proof will be in the pudding as to whether this Teenage Millionaire manages to pull it off.
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