Tag Archives: Banking
Crisis at Christmas
No let up for the recession during the festive season At this time of year the financial burden of ordinary people becomes all too obvious – struggling to maintain basic living standards over the Christmas period on dwindling personal incomes and savings, while the state of the economy is thrown into sharp relief by the [...]
Banking: The Fiddle Continues
A big shake-up of UK banks with taxpayer support will be have been unveiled by the time you read this. An announcements on the future of Lloyds and Royal Bank of Scotland is expected to be made jointly by the banks and the Treasury. Predictions are that Lloyds will want to raise more than £20bn [...]
Economic Commentary
The second part of John Griffin’s look at the financial crisis Back in August, Mervyn King, Governor of the Bank of England, urged that Quantative Easing be increased to £200 billion (See Freedom, 12th September 2009). The financial columnists wondered what-does-he-know-that-we-don’t? Well, now we all know! On 2nd September, the Bank of England revealed that [...]
