Your jargon busting guide to the current crunch crisis
Posted in Blog on Nov 21st, 2008
The government keeps bailing out the banks, lending them millions at a time; also taking over bad mortgage debt. But where is this money coming from? You would have thought that if the government had all of this money they could have used it before to invest in education or the NHS.
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Posted in News on Nov 10th, 2008
News Week: 10th November 2008
With the banks fearing that interest rates from the Bank of England could be set at 0% resulting in no profit, many high street banks such as Halifax, Britain’s largest mortgage lender, have introduced small print into its loans to allow them to charge up to 3% higher in interest, than [...]
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 Information on Sep 21st, 2008
Coming to terms with the complexities of the country’s current cash crisis can be an arduous and financially damaging experience for the most of us living in the ‘real world’. So what exactly is this phenomenon also referred to as the credit crunch?
The Economist
