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 13th, 2008
News Week: 13th October 2008
The Centre for Economics and Business Research consultancy has said that this is now the worst financial situation that we have seen for 70 years. As a result of this they predict that by the end of next year 60,000 workers from the Financial City will have lost their jobs; this [...]
Posted in News on Oct 6th, 2008
News Week; 6th October 2008
Personal loan interest rates are increasing rapidly in the current climate; Lloyds TSB has seen some of its loans increase by up to 37%, a huge mark-up for the consumer, especially in this dire financial situation.
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
