Your jargon busting guide to the current crunch crisis
Posted in News on Nov 3rd, 2008
News Week: 3rd November 2008
When Lloyds TSB received a £4b cash injection of tax payer’s money government hardly expected the repayment to happen within the year, however that is what has been announced by Lloyds today.
Posted in News on Oct 20th, 2008
News Week: 20th October 2008
The UK is said to have plunged into a recession and that by the end of next year there could be as many as 400,000 more people unemployed. The banks have recently decided not to pass on the 0.5% cut in inflation rates to their customers.
Posted in Information on Oct 2nd, 2008
In simple terms the stock exchange is a business market place where public limited companies can sell shares in their business and is essential for the business to grow. Anyone can choose to buy shares.
Posted in News on Sep 29th, 2008
News Week: 29th September
This week the government has nationalised Bradford and Bingley’s mortgage lending which stands at £41 billion in debt. The building society’s other assets of the savings accounts have been bought by the Santander group.
The Economist
