Showing posts with label UK. Show all posts
Showing posts with label UK. Show all posts

Tuesday 17 June 2014

Awkward Job Interview Questions

Job interviews, however well you prepare, are almost always a daunting and often nerve-racking experience. Interviewers are not only thoroughly checking the substance of your CV (commonly referred to as 'unpeeling the onion'), they also want to see how fast you can think on your feet. 

There are, of course, the standard questions, like 'what do you know about our company?', and 'what interests you about this role?'. Providing you are prepared, these kind of questions are managable. It's the type of questions that require you to think outside of the box that can cost us the most.

Glassdoor, a jobs and career community that launched in the UK in February this year, have released 25 interview questions based on feedback from thousands of UK job candidates. 

Scott Dobroski, Glassdoor community expert, said: "These interview questions stood out as challenging.

"The job market continues to be very competitive and employers are trying to identify the best candidates. They are not necessarily looking for a right or wrong answer - they are looking at how candidates think on the spot."'

Here are a list of 10 awkward job interview questions listed by Glassdoor:

1. “If you were to win £1m what would you do with the money?” 
- Asked at PwC, Associate candidate (Birmingham, England)

2. “What do you think is the most useful function in Excel?” 
- Asked at FirstGroup, Business Analyst candidate (London, England)

3. “What makes you happy about work on a Friday evening?” 
- Asked at Tesco, International Deployment Manager candidate (London, England)

4. “How do you fit a giraffe in a fridge?” 
- Asked at UBS, Sales Trading candidate (London, England)

5. “What is it about this job you would least look forward to?” 
– Asked at BP, Category Manager candidate (London, England)

6. “If you were the Head of Barclays Corporate what would your strategy be with the recent European Crisis?” 
– Asked at Barclays, Risk candidate (London, England)

7. “If your friend was seriously injured and you had to get him to a hospital, would you speed 
and go through a red light?” 
– Asked at Barlow Lyde & Gilbert, Trainee Solicitor candidate (London, England)

8. “Would you rather fight a horse-sized duck or 100 duck-sized horses?” 
– Asked at BHP Billiton, Dry Bulk Marketer candidate (London, England)

9. “Tell me about a time when you failed at something.” 
– Asked at Lloyds Banking Group, Analyst candidate (London, England)

10. “What are the three words that your parents would describe you with?” 
– Asked at YO! Sushi, Team Member candidate (London, England)






Friday 13 June 2014

What impact would Scottish independence have on the rest of the UK?


On September 18th the Scots will head to the polling booths to address the question "Should Scotland be an independent country?" – Will they vote to remain part of the UK or opt for independence? Opinion polls suggest that around a third of Scots want to bring to an end the 305 years of political union with England, whilst around 50% would prefer to remain part of the UK. A lot has been made of the impact Scottish independence could have on Scotland but what effect would it have on the rest of the UK?

1. Would Scotland adopt the Euro?
If Scotland does vote for independence, they will be required to reapply for EU membership and according to EU criteria, new countries joining the EU are formally required to adopt the Euro. However Alex Salmond, leader of the SNP (Scottish National Party)  hopes to get around this requirement, instead envisaging the creation of a “sterling zone” in which Scotland would continue to share the pound with the UK. Stuart McDonald of the "Yes Scotland" campaign argues that since Scotland and the rest of the UK are each other's biggest export markets "it's in our mutual interests that we all carry on using the pound". However Alistair Darling, leader of the “Better Together” campaign, is doubtful about this possibility, claiming that a currency union may not make sense if the countries are splitting politically.

2. Would a passport be required to cross into Scotland?
A passport is not currently required to cross a border between countries within the Common Travel Area ie. Great Britain, Ireland, the Isle of Man and the Channel Islands except sometimes for air travel. Imposing any restrictions would be a huge undertaking and would contradict the current arrangement between Northern Ireland and the Republic of Ireland by which people can drive freely from one to the other without the need for a passport. The SNP have shown that they are in favour of remaining in the Common Travel Area and consequently in the passport-free zone.

3. How would this affect the national debt of the UK?
Alex Salmond has controversially suggested that Scotland might walk away from the national debt altogether if the UK disagrees to his plan for a “sterling zone” however most commentators agree that a share in the debt is inevitable. If they were to inherit a debt proportional to their population, this would total around £122 billion of the UK’s predicted £1.5 trillion of debt for 2016-2017 with the Scots currently making up 8.4% of the UK population.

4. Would the UK lose oil revenue?
“It’s Scotland’s oil” was the SNP’s famous slogan in the 1970s and it remains a major part of their policy today. The Scottish government believes Scotland is geographically entitled to 90% of the North Sea’s oil and gas fields. The UK Treasury has benefitted from some £300 billion in tax revenues over the last 40 years so relinquishing this to Scotland would undoubtedly leave the UK out of pocket. It has therefore been suggested that Scotland might sell the oil fields back to the UK in exchange for a smaller share of the national debt. Whether they would be willing to do this is another matter.

5. Would Scottish idendepence prompt Wales to leave the UK too?
Given that just 10% of the Welsh have expressed a preference for independence, this does not seem likely. Having said that, Leanne Wood, head of the Welsh equivalent of the SNP, Plaid Cymru, does not think it completely unfeasible. "If Scotland becomes independent and is seen as a success, it would change the nature of the debate and independence could become a serious mainstream option."

For more info, read the full article at: www.bbc.co.uk/news/magazine-25035427

Thursday 19 December 2013

Christmas Getaway

Around four million people from the UK are set to head abroad for a Christmas break this year, according to new figures.

The peak days when the most people will fly are this Friday, Saturday and Sunday (20-22 December), with the most popular sunny destinations being the Canary Islands, Tunisia, Morocco and the Cape Verde islands off western Africa.  For those of us who are left behind, experts warned of congestion on the roads, reduced rail services and windy, rainy conditions.  Yuck!

The RAC estimated that around 13 million people would be driving to visit friends and family from 24-26 December.  Traffic information company Inrix said the busiest time on the roads was likely to be from noon to 5pm this Friday, with the M25 the single most congested spot.

Car company Kia predicted that the average family car will be driven 413 miles over Christmas, with a survey of 2,000 motorists showing that 10 per cent make more than 11 trips to stock up on festive food.

In all, Ryanair said it would be carrying a record three million passengers from 20 December to 6 January, while Gatwick Airport will handle an estimated two million travellers between 13 December and 5 January.  British Airways said just under two million people will fly with them between 16 December and 5 January, with this Friday the busiest day as more than 115,000 travellers make their escape.

Happy Christmas Getaway everyone!


Source: The Independent

Monday 2 December 2013

The Best Towns to Visit at Christmas

For those of you lucky enough to be spending the festive period in the UK, the Telegraph have compiled a list of the 7 best towns to visit this Christmas. The next few weekends have a whole host of seasonal activities in store so why not take a trip to one of the following?:



1. Best for…Christmas Markets
Lincoln, Lincolnshire -  From 5th to 8th December the medieval square by the cathedral is filled with more than 250 stalls selling handmade crafts and Christmas delicacies.

2. Best for…Nativity
Falmouth, Cornwall - The live nativity in Falmouth (15th December) is played out through the main streets of this Cornish parish. Mary, Joseph, a donkey, sheep, goats and horses make their way from Events Square to the moor, accompanied by spectators, many in nativity costume.

3. Best for…Christmas Trees
Helmsley, Yorkshire -  Each December the village holds a Christmas tree festival (6th  to 19th December) where 30 trees decorated in a different theme each year form a trail through the town and the shop windows are decorated to match.

4. Best for…A Picture Postcard Christmas
Broadway, Gloucestershire -  Broadway certainly gets into the Christmas spirit, with hundreds of lights, horse and carriage rides, a Christmas Tree Festival and ice skating on the village green from 8th December.

5. Best for…Folk Plays
Chipping Campden, Gloucestershire - Chipping Campden starts the Christmas season in style with a three-day Enchanted Weekend (6th – 8th December, 2013). Locals can enjoy reindeer petting (with real reindeer) and performances from the Chipping Campden Mummers, one of the longest standing Mummers groups in the country.

6. Best for…Horse Riders
Pytchley, Northamptonshire - The Pytchley Hunt, formed in 1750, is based around the pretty Northamptonshire village of Pytchley and despite the 2005 ban, still meets for a variety of horseback activities, with additional dates added around Christmas time.

7. Best for…Unusual Christmas Traditions
Carhampton, Somerset - Carhampton’s quirky wassailing celebrations began in 1930 and are now famous throughout the county. Each year on twelfth night villagers form a circle around a lare apple tree and fire a gun to ward off evil spirits and appeal for a good apple harvest.

Wednesday 2 October 2013

The cost of living in the UK

Is the UK is a very expensive place to visit? Of course, there are many ways to splash the cash if that's what you want to do, but compared with most European countries, I would argue that it is really not that bad.

Today the BBC released 7 questions on the cost of living, ranging from the average cost of staple foods to the price of a pint of beer. Some of our international readers might find it particularly interesting. Click on the image below to read more:


Thursday 29 August 2013

The new way to deter cold callers

Cold calling is a massive pain for people living in the UK. What's more, they always manage to get you at the wrong time, and it's always about something which is of no interest to you at all. First it was timeshares and now they've moved on to PPI, and they just won't stop.

One rather cunning British man thought of an excellent way to deter these intrusive callers. He set a premium rate number from which he receives 7p/minute when people call him. Not surprisingly he is more than happy to speak with them now and encourages them to keep talking. 

Click on the image below read more:














Photo: courtesy of BBC

Thursday 1 August 2013

Takashi, OISE Oxford's Tennis Supremo!

The word around the OISE Oxford block was that we had a pro tennis player in town. His name: Takashi Kawamura. Takashi first started playing at high school, following a 5 year bout of severe illness. He was introduced to the game by his mother and brother, both of which were and continue to be keen players.

After playing for his high school, he then entered St. Pauls University, Tokyo, where he was made 1st team captain. While in those days baseball was the most popular sport (closely followed by football), St Paul's prided itself on the tennis team, which started over 95 years ago. We thought it would be interesting to ask Takashi a little more about his tennis career:




Q. When did you start playing professionally?
A. I started playing professionally when I left university. I started working for a big IT company, and was soon asked to play for the company tennis team. In Japan, some employees are hired only to play for the company team. The company pay you a basic salary, and then on top of that they give you money for playing, travelling, event registration, coaching etc. Of course, at the tournaments, the company's name and logo are sprawled across your shirt. Many of the players stay with a company for two years and then move on. Fortunately I was hired for my academic achievements, and so the tennis was just an added bonus for them.

Q. What are you best at? Serving, forehand, backhand?
A. You would be surprised. Of course the very best players have everything, but the main thing at all levels, I would say, is to be fit, mentally and physically. For the two years that I played for my company I was extremely fit. It took a lot out of me. Training during the weekends and then games and tourments during the week, as well as work!

Q. Who is the best player you have ever played against?
A. It has to be Mitsuru Takada, at the time one of Japan's top 10 players. Yes, he was very good, an ATP player.

Q. What was the score?
A. 0-6, 1-6, he laughs.

Q. How do you see the future of Japanese tennis?
A. Well, I think tennis is certainly becoming more popular. This is partly thanks to Kei Nishikori,
Japan's current number one and #11 in the world seedings. He is doing very well at getting the youth of our country engaged in the sport. I think Japanese tennis has a bright future. Who knows, it may overtake baseball soon!

*Note: OISE Oxford's Academic Assistant, Karol Bucky, and fellow student Mikhail thought they would challenge Takashi and another student to a doubles match at the grass courts in North Oxford. It was clear that Takashi was of a different calibre. "He was strong and played very elegantly," said Karol.

Wednesday 31 July 2013

Bird Watch

The weather has a lot to answer for.

Long-distance migratory birds such as the Sand Martin and the Grasshopper Warbler stayed away from the UK in large numbers last year as a harsh combination of cold and wet spring weather killed huge numbers on route from Africa and forced others with enough energy to fly on to sunnier climes.

According to the latest Breeding Bird Survey the number of Grasshopper Warblers visiting Britain dropped by nearly three quarters last spring, while the seasonal Sand Martin population fell by more than half. Wood Warbler and Sedge Warbler populations fell by about a fifth.

Every year millions of birds migrate to the UK in April and May to breed, many of them from as far away as Africa - a journey made considerably more difficult in the face of the wettest UK spring since records began in 1766 and an unseasonably cold snap.

In good news the Red Kite has made a remarkable comeback in recent years after a sustained period of hunting over the centuries had left the bird of prey close to extinction. But a ban on hunting and the injection of 93 new birds into the countryside in the late 1980s and early 1990s has pushed up the Red Kite population nearly seven times over since 1995. Hooray!

Source: The Independent
 
 
 
 

Wednesday 24 July 2013

It's a boy!

OISE Oxford are slightly behind the times with this blog post, but it is a boy! The third in line to the throne was born on Monday, he was shown off to the world yesterday and today the Queen has visited the newborn. What busy times the Duchess and Duke of Cambridge are having.
 
It is now believed that the newborn and co. are heading to Catherine's family home in Berkshire.
 
The baby is yet to be named, however the bookies have the following as likely options:
 
George (5 - 2)
Alexander (7 - 2)
James (8 - 1)
Arthur (9 - 1)
Louis (10 - 1)
 
At OISE Oxford we are all hoping for Darren, there is definitely a ring to King Dazzer. Surely? We cannot wait to hear what will be revealed. I have my ears to the ground - perhaps I should head to Berkshire to be closer to the decision making hub?
 
Congratulations Kate and Will!

 

Monday 24 June 2013

The British and their ADORABLE Pets

It is no secret that the British public love having pets at home. Most of them tend to be either cats or dogs, however fish and reptiles are also pretty popular. 'In 2012, it is estimated that 48% of UK households have at least one pet. This is equivalent to 13 million households'.

To what extent do we love them?

Well, the website Confused.com revealed that nearly 2 million of us pet owners would take our partners to court following a break up in a custody battle for a beloved pet. I think this answers that question.1

Views from around the world

For many of our friends abroad, the idea of having an animal living in your home is unnerving. Probably because the only cats and dogs they see are those roaming around dirty street corners, foraging through rubbish bins, spreading infections.

This is simply not the case in Britain. On the whole, domesticated animals are friendly and affectionate, and treated very well indeed by their owners. Apart from being cleaned on a regular basis, they also have frequent visits to the vet to check they are in good health.

If you are planning a visit to the UK, please do not be put off by our pets. While I would not suggest you eat from the same plate as them, remember that they are well looked after and friendly animals!


Click on the image below to read more UK pet stats:



 

Tuesday 18 June 2013

Spend the night in a 'Superprison'?

Spending a night in prison must be quite an unpleasant experience. Cold, dank, grim and eery is how I imagine them to be, not to mention the noise from the other cells.

But what about staying in a 'superprison'? Superprisons are old prisons that have been made into hotels. In Oxford, one of our most luxury hotels, The Malmaison, is an old prison. The trend is starting to spread across the UK. Our friends at OISE Boston will also be able to tell you about the Charles Street prison that was converted into an incredible 5 star hotel!

'A thinktank has suggested that notorious nicks such as Dartmoor, Wormwood Scrubs and Pentonville could be reinvented as boutique hotels. Where once meals were shoved through hatches in the door, Bolly and blinis will be delivered on room service. In-room massage treatments will replace doing time on a hard bed.'

I'm sure if you didn't know it was a prison sleeping there wouldn't feel strange at all, but just the thought would bring shivers down my spine!

Click on the image below to read more:





Friday 14 June 2013

Leaving Tips around the World

When travelling abroad there are almost always going to be cultural differences to be aware of. It is always worth reading up on these differences before you arrive to avoid finding yourself in a potentially very awkward situation, particularly if you are travelling far from home!

One cultural tradition that is so deeply woven in the American way of life is tipping. So much so, that 'non-tippers are considered cheap (the ultimate insult to an American) and are treated with contempt'. Whether it's tipping the waitress, barman (usually after every drink) or taxi driver, you can always add at least another 20% on to the total.

After having traveled (and worked) quite extensively in Spain, I can say that the tipping situation there is very different. From bars and cafes in the southern regions of Andalusia, to the more prosperous areas of Madrid, the Spanish just don't dig it. Working in a well known restaurant in Madrid, it was quite common to receive 1-2 euro after serving a large table of 6+. Not surprisingly, Americans were always very warmly welcomed, at least the ones that weren't embracing the Spanish non-tipping culture.

The British that I know tend to stick to a solid 10%, but only if overall they are happy with the service and the food provided. I find that the restaurant has to be doing something quite dramatically wrong not to get their 10%. Some people tip taxi drivers and barmen, but I wouldn't say we're too fussed about that.

What are you views on leaving tips? Do you think people should feel obliged to tip?

Click on the image below to read more about tipping around the world!





Tuesday 11 June 2013

Going, Going, Gone!

Getting oneself on to the property ladder is a challenge that many of us will have to face at some stage of our lives. For many first time buyers current house prices are simply too high. 

In the UK, Oxford has the highest property prices in relation to wages. The average house price in Oxford is £403,256 (2013) and the average salary is around 21k per annum. Unless you have some kind of financial support, raising a deposit for a mortgage takes a very long time.

However, there are other options available. If you're prepared to get involved in some heavy duty DIY, the house in the photo below, located in a small mining village in South Wales, is 'yours for nothing'! 'The three-bedroom home is boarded up, with an old leather settee dumped in the garden outside, and auctioneers said it has a reserve price of ‘nil’ - meaning it could sell for only a few pounds'.1 

Click on the image below to read more:



Source: image copied from www.dailymail.co.uk

Monday 27 May 2013

Bank Hols, innit

Its a Bank Holiday Monday, a time to have a lie-in, enjoy the lovely British weather (for many this will probably be rain) maybe on the beach and forget all about work.

The BBC consider the concept of the Bank Holiday today in its online magazine. BBC correspondents from Seoul, Los Angeles, Rome, Calcutta and Moscow provide a worldwide view on how Bank Holidays are marked.

Seoul

South Koreans work and work and work some more, their working hours are some of the longest in the world. Bank Holidays are seen a chance of a break to freedom. As a quarter of the nation's population lives in Seoul, this break for freedom ends up in many having a long day in a traffic jam. On summer bank holidays, some of the jams clogging the roads out of town are spectacular enough to make the front pages of the newspapers. Poor South Koreans.

United States

The average American gets less than three weeks' paid holiday a year. So when a public holiday comes around it is embraced with relish. For most Americans, the major bank holidays signpost the year (not that they're known as "bank" holidays here).

Italy

The great thing about Italian bank holidays is that they aren't tied to Mondays. In Rome - during the holidays in spring - there is a strong tradition of getting out beyond the city's ancient walls. It's a time for picnicking in the cool of the hills.

India

For hundreds of millions of Indians, a bank holiday is just another day, because they cannot afford to stop working if they want to survive. Here in the world's largest democracy, bank holidays are for the rich. For the poor they are just another day.

Russia

Millions of Russians spend their May bank holidays enjoying the fresh air. Either on allotments - the so-called ogorody - where they plant fruits and berries and vegetables - or, if they're lucky enough to have one, at their country cottages, or dachas.

 Source: http://www.bbc.co.uk/news/magazine-22655033

Tuesday 14 May 2013

Weather Woes

The British obsession with the weather is in full flow this month, and especially mine, as we suffer particularly unseasonal weather for May.

Today's weather forecast is a thoroughly depressing read. For southern England it offers the following:

Today

Any brightness will be temporary as cloud thickens to bring outbreaks of rain from the southwest. This afternoon the rain will become persistent, and locally heavy across southern areas. Becoming windy later, gales likely along the south coast. Cold everywhere.

Tonight

Windy, with coastal gales likely. Rain , locally heavy, will move away northeastwards. Cloudy conditions with further spells of rain will follow, the rain heaviest across western areas.


'Thickening cloud', 'persistent, heavy rain', 'gales likely', 'cold everywhere' are descriptive terms you do not want to hear for Spring. I could be much more understanding and accepting if this was deepest darkest Winter, but this is certainly no longer the case. Indeed, Dave Britton - a Met Office forecaster sadly states that "It will be an exceptionally cold day for the time of year".

The Met Office blames the jet stream, a band of wind that travels across the Atlantic from west to east bringing rain and wind, being further south than usual. It is expected to last until the weekend.

It is feared the weather pattern will get "stuck in a rut" over Britain, meaning another wet summer.  Oh just super!


Helpfully, The Guardian, has suggested some great Spring raincoats, here.  I am a particular fan of the French Connection number, it would be ever so useful.


Sources:
BBC Weather
The Guardian
The Telegraph

Monday 13 May 2013

Top ten most affluent villages in the UK

City dwellers in search of a happier way of life have boosted property values in towns all over the country. Settlements which once saw money drain away to the big cities are now immensely desirable, prized for their smallness and prettiness, and offering the three key ingredients - good house, good school and good shops – which makes them powerful magnets for wealth.

Towns in the London commuter belt dominate the top 10, but the affluent nature of the Cheshire area is reflected in the list compiled by London-based wealth consultancy WealthInsight.

Only towns or villages with less than 30,000 people were included in the research.

This year's top ten:

1) Windsor
Nearest city - London
Number of millionaires: 850-900
Population: 27000

2) Weybridge
Nearest city - London

3) Sevenoaks
Nearest city - London

4) Beaconsfield
Nearest city - London

5) Henley on Thames
Nearest city - London

6) Marlow
Nearest city - London

7) Hale
Nearest city - Manchester

8) Alderley Edge
Nearest city - Manchester

9) Bray
Nearest city - London

10) Ascot (including Sunninghill)
Nearest city - London
Number of millionaires: 250 - 300
Population: 11600

Towns that narrowly missed out on top 10 included: Burford, Chipping Campden, Dartmouth, Ilkley, Leatherhead, Lyndhurst, Pangbourne, Ponteland, Virginia Water and Windermere. These towns each have over 200 millionaires.


Source: http://www.telegraph.co.uk/finance/economics/10054043/Top-ten-most-affluent-villages-in-UK.html?frame=2561497

Tuesday 7 May 2013

Bank Holiday Heat

Temperatures in the UK are soaring. Yesterday it reached a whopping 21 degrees, and today the sun continues to shine. Amazingly the weather has been hotter here than in many other traditionally sunny European countries. Let's enjoy it while it lasts, because (surprise surprise!), the rain is set to return over the next few days.

Here are some photos taken from around the UK over the bank holiday weekend. These photos have been copied from the Daily Mail website.

Barry Island, Wales 

Blenheim Palace, near Woodstock, Oxfordshire

 Little Venice, London

Wednesday 24 April 2013

The UK, such a peaceful place!

How is peace defined? The Institute of Economics and Peace describes it as "the absence of violence or fear of violence". In the BBC news today, the UK is becoming more peaceful than ever before. According to the official UK Peace Index, In 2012 crime rates fell by a staggering 12%.

So why, all of sudden, is the UK being subjected to such pure and blissful serenity? Some argue that it is "perhaps a symptom of a new morality" and that we are now "less tolerant of violence in all forms". Interestingly, there is also no proven correlation between police numbers and crime levels.


Click on the image below to read more about the riddle of peacefulness in the UK

 

Wednesday 3 April 2013

The Barge (AKA canal boat) are still cruising through Oxford

The UK's canal network, first created in the middle of the 18th Century, is immense, stretching from the south of England all the way up to Scotland.




Canals played a pivotal role in the industrial revolution as they facilitated the transportation of heavy materials. The boat used to transport these materials are known as barges, and are 'capable of moving nearly forty tonnes of weight. This was far more than a pack of mules could carry or a horse and carriage.'1

These days the canals are more frequently used for leisure or even as a place to live. The boats that people use nowadays are more often referred to as canal boats and are slightly smaller than the industrial barges once used in the good old days. Traditionally their owners paint roses and castles on them.

Oxford has a canal running straight through it and there are a fantastic collection of narrow boats to admire. If you're around Oxford in the summer, you could even consider renting one for the weekend - it's bags of fun!

Friday 1 March 2013

Dave Fishwick, Britain's Newest Banking Supremo

David Fishwick left school at 16. Without any qualifications, he went straight into the building trade. Unsatisfied with amount of money he was earning, he began to buy and sell cars. After a long day on the building site, he would then repair the cars in his garage, and then sell them on at a profit. Before long he was managing  to turn around one car a week. At 21 he had raised enough money to open his own dealership in a rented garage. It was at this point that Fishwick's business really began to take off. Today, at 42 years of age, Fishwick is now the proud owner the UK's biggest van and minibus supplier.




In September 2011 he decided that he would open up his own bank in Burnley that would provide financial services to local businesses (mainly savings and loans). Not only are the interest rates offered more competitive than the High Street banks, but all of the bank's profits after overheads go to local charities. None of the profits go to employee bonuses.

Fishwick had to get through various hoops and jumps to get this far, but after much tribulation, the FSA (Financial Services Authority) finally agreed to pass legislation enabling Fishwick to continue and expand his project to other cities across the UK. 

Fishwick explained, "Fortunately for me, I met a lot of people who shared my dream of finding a better way to run a bank. I began to gather support from politicians like Steve Baker, Michael Meacher, Guy Opperman, and the Business Secretary Vince Cable. I was even mentioned in a debate in the House of Commons."

This is not the first time banks have operated in this way. In fact, this was once how banking worked in Britain. There are also banks in Europe operating in this way, including Spain and Germany.

What are your views on Fishwick's developments?
Are we going in the right direction?

Sources: 
http://maxclifford.com/current-clients-testmonials/companies/
http://www.huffingtonpost.co.uk/david-fishwick/bank-of-dave-why-i-opened-it_b_1664967.html
http://www.guardian.co.uk/tv-and-radio/2013/mar/01/bank-of-dave-fighting-fat-cats