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The Reporter

The Reporter



Scotland the broke? Will Hutton, the Observer columnist, might want to avoid travelling north of the border for a while. Invited on to the BBC ­Radio 5 Live breakfast show on Monday to comment on the near-collapse of Dunfermline building society and its partial rescue by Nationwide, Hutton didn't mince his words. He said this latest financial mess, following the taxpayer bailouts of Royal Bank of Scotland and HBOS, "is just the death knell for the Scottish financial system. Edinburgh and Dunfermline... are a bit like Reykjavik. Scotland is Iceland." Let's be honest – he was only saying out loud what many in England think. Perhaps there won't be so much noise from the "independence for Scotland" brigade for a while ...

Show me the money Stockmarkets are plunging and the financial services industry is in the doghouse, so what better time to launch a quiz show that tries to plug into the chaos, excitement and capitalist vibe of those old-style, 80s stock-exchange trading floors? Auditions were taking place this week for Sell Me the Answer, hosted by former Blue Peter presenter and Strictly Come Dancing pin-up Gethin Jones (pictured, with dancing partner Flavia Cacace), which kicks off on Sky One in May. The Daily Mirror says the show's contestants ask the audience – called traders – for help when they are stuck by shouting out: 'Traders, sell me the answer!'

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The audience then "fights it out in scenes of mayhem, shouting why they should get picked to get up on stage with the contestant. But the snag is, traders can lie ..." adds the paper. It sounds like the people behind this are fans of Trading Places...

Lucky dipA consumer website has launched a scathing attack on premium bonds this week, claiming that most people would be better off putting their money into a savings account. Martin Lewis, who runs the popular moneysavingexpert.com website, reckons that following recent changes to the premium bond prize fund, people with £1,000 invested over two years have only a one in 20 chance of getting better returns than they would from a top savings account. National Savings & Investments recently announced it was scrapping one of the two £1m jackpot prizes it pays every month, as well as introducing a £25 prize category. Lewis says: "Incredibly, ­even though the rates paid by top savings accounts have halved in the last year, chances of matching their return using premium bonds have slumped from unlikely to miniscule, showing that NS&I simply can't compete".

Rental arrears More than a third of private landlords have tenants who have fallen behind with their rent, according to a new survey. Around 37% of landlords said some of their tenants were currently in rent arrears, while 44% said they had experienced the problem during the past six months, according to the National Landlords Association. That may help explain why there has been a big rise in the number of buy-to-let properties being repossessed. Some Guardian readers will probably be secretly pleased to hear that some ­buy-to-let landlords are finding life tough, but will, of course, also be sympathetic to the plight of tenants in financial ­difficulty.

Cup of woeYour cup of tea may be about to get more expensive, according to the BBC News website. It says new data shows that global cuppa demand exceeded supply in 2008 (perhaps the credit crunch is prompting more of us to reach for a comforting cup of something warm and wet?). Tea consumption reached 3.85m tonnes last year, while production was 3.78m tonnes. "Tea prices have soared as drought has hit Kenya hard in the past year, as well as Sri Lanka and India, which is the world's biggest producer of tea," adds the website. If you get through half a dozen cups or more a day, perhaps you'll need to think about cutting back...

guardian.co.uk © Guardian News and Media 2009

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