Annie Shaw (@CashQuestions) header
Annie Shaw (@CashQuestions) profile picture

Financial agony aunt; journalist, broadcaster, money expert. Former Times and Telegraph staffer and Independent on Sunday, Express and Saga columnist

Manchester
Joined February 2009
Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)Photo by Annie Shaw (@CashQuestions)
The only safe way to decide what to pay for a home is to assume there will be no “recovery”. Perhaps there will be. Nice surprise upside. But overpaying now because “property prices always go up” is why everyone currently in negative equity overpaid.
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Annie Shaw retweeted
The government’s ’Your First Home’ scheme is aimed at helping young folk get a foot on the property ladder. So why is it applicable to leasehold flats? These are NOT legally property. They are confiscatory rentals! Be warned! Stay away! @FreeLeasehlders
Who wants to become a debt slave by taking on a leasehold flat? The government is keen to lure desperate young people in with its “Your First Home” scheme, while developers dangle £40,000 towards private school fees. How to break democracy.
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⤵️wot he said
Replying to @Joe_of_the_90
sales cant be damaged if you dont make them
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"With Profits Without Mystery" redux. 😱
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Replying to @CitrusDavid
@CitrusDavid Thanks for letting me off the hook this morning on @BBCRadioKent (was stood down because you were so brilliant!!). Listened to the show and you said everything I would have said - and of course much much more and more expertly!) 👍
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Annie Shaw retweeted
Thank you to @pressgazette for standing up for investigative journalism and press freedom after it received more than 500 complaints regarding my nomination for this year's British Journalism Awards pressgazette.co.uk/news/awar…
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Just been talking to @theJeremyVine on @BBCRadio2 about the Whitty report on rural health and why retiring to the country may not be all it's cracked up to be
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Replying to @sdfpk
👍Hope it was OK!
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Replying to @simonnread
I made a note of that and stuck it on the front of my TV as reminder. You should do the same. Tag your telly.
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This is also a tacit acknowledgement that pension freedoms is rather too free for the governments’ long term liking. Near term the drawdown has been a boom for tax receipts, and the lump sum for consumption. But at £91bn/year (more than doubling in three years!) - and likely to smash through £100bn this year - it throws up some moral hazard of rapid early-retirement divestment, and reliance on means tested transfers later in life. Speculation that this policy (including the tax free lump sum) will change has amplified this pace of drawdown.
When is an annuity, not an annuity? When it is “using collective assets to buy higher yielding assets”. Will be fascinating to see the regulatory model behind this one.
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Annie Shaw retweeted
Labour launching the policy they could never have gotten away with in 2015/16. The world turns again and the pendulum swings back.
Government getting in on the annuities market Calling it ‘genuine’ is an odd phrase though
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Annie Shaw retweeted
Ian McKellen reciting Shakespeare's writing on racist anti-immigration riots in London during his time. It is excellent. They have been banging the same drum for 400 years.
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Really very happy and honoured to be nominated in the British Journalism Awards for business journalism and with such great company! Thank you to @FT and the judges.
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Annie Shaw retweeted
WW3 scheduled to start on Saturday 21 July 2029, thx for the heads-up Wes.
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Since people are yelling at threat intelligence professional for "downplaying the severity of the PHP vulnerability" (communicating clear concise information about what they're actually seeing). It feels necessary to explain what threat intelligence actually is. Consider a hypothetical hospital or a power company. A lot of systems are built using very old PHP versions. It's not uncommon for PHP to add/remove/change features from version to version. So if you're a certain number of versions behind, updating to the latest version will break your software by removing or changing functionality it needs. In that case, the provider has two options: 1) take their software offline until they can update the code to match the latest PHP version. 2) panic install the patch and break their software, leading to a massive outage. In both cases, that is basically a 100% chance of an outage. On the other hand, maybe they get hacked, maybe they don't. Maybe that hack causes an outage, maybe it doesn't. Realistically, under these circumstances, the chance of an outage is actually higher with patching than with not patching. If that outage would result in the hospital having to shut its doors or a power company's infrastructure going offline, what is the correct move? Chance being hacked, or knowingly cause an outage that threatens lives? Cybersecurity is important and all, but there are risks far greater than being hacked. I would absolutely love it if I could just log onto IDontKnowWhyTheyRenamedThisSite dot Com, be like "vulnerability bad, pls patch" and everyone installs the patch. That is not the world we live in. Now, if I start seeing people building ransomware that can copy itself from system to system using the PHP vulnerability, and I communicate that, it changes a lot of people's risk calculations. Their option shift towards either a 100% chance of an outage, or an extremely high chance of an outage + catastrophic data loss. In this case they would most likely pull the trigger on patching or taking their software offline. While the hypotheticals I gave are extreme cases, many organizations accept being hacked as a cost of doing business. Taking offline software that's critical to organizational function is not an easy decision to make, and does not get taken lightly. We don't live in LaLa land where every org installs every patch for every vulnerability the day it goes live. Cybersecurity is expensive and time consuming. Getting people to even patch systems at all is an endless uphill battle. Most orgs know that something like 1 out of ever 10,000 critical vulnerabilities actually gets exploited. And probably less than 50% of these "this is the worst of the worst vulnerability ever, the sky is falling" type vulnerabilities leads to significant damages. It takes a lot of time to build trust, and very little time to lose it. Overhype a couple of vulnerabilities and people will very quickly stop listening to you. It's extremely easy to end up being the boy who cried wolf. There's only so many times you can spin security teams into a frenzy before they stop listening to you entirely. Orgs also have limited resources, so when you yell fire, there is a good chance they're committing resources they don't have. Making people stay up all night, pulling people off other issues, bringing in outside help. You probably don't want to be responsible for some org getting ransomwared because they redirected all their security resources to some vulnerability you think is really cool. Nobody is downplaying anything. They are communicating exactly what they see/know about the issue so that organizations can make the most informed risk management decisions possible. That is the game, and that is what threat intelligence exists for. If you want to handle an organization's security for them and personally take on the risk of potentially costing them billions or killing their customers, join an MSSP or a critical infrastructure provider. I can promise you it's way more stressful than you think. It's not our job to decide organization's own risk models for them. It's our job to give the most information possible to the people who do. And just because some vulnerability researcher thinks we're not hyping up the vulnerability enough doesn't make them right. Last I checked, only something like 9.3 million out of 42 million systems had installed the patch. This is the reality we live in. If we yell fire, then maybe we can bump that number up to 10 million, but if nothing happens, it'll be at the cost of maybe 2 million less systems getting patched next time around. These are real risks we have to live with. These aren't one-off incidents. People will remember how accurate our advice was the next time around. And more or less people may decide to install security fixes based on how accurately we communicated the risks during previous incidents. Threat intelligence is an extremely complex numbers game where there is never any right answer.
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Exactly this. "Get ppl off the unemployment lists by calling their hobbies self-employment." Remember poor old Michelle and her loss-making nail bar on that infamous Question Time? bbc.co.uk/news/av/uk-politic…
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Just been talking to @annacookson on @BBCRadioKent about the implications for ordinary folk of the php website security flaws
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