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Rothschild Banker Claims Government Should Cut Ties With State-Backed Banks
Adam Young, the Joint Head of Equity Advisory at Rothschild, states that the government should begin to sell part of its stakes from state-backed lenders Lloyds and Royal Bank of Scotland at the lowest price to initiate a disposal program that will allow investors to pay for the stakes more at a later time. He [...]
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Bank of England Opens Doors To Save UK Economy
The escalating dangers of the Euro Zone crisis had alarmed the Bank of England Governor Mervyn King. The money printing press had been stopped due to concerns of high inflation. King is asking for support to help Britain’s economy maintain balance as many economical threats are on the rise, especially the euro zone crisis that [...]
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UK Banks Set Aside an Additional £990 For PPI Claims
In the last three weeks four of the UK’s biggest high street banks have topped up their PPI claims compensation pot by a whopping £990m, taking the total set a-side figure to over £7bn! The reason for the top is a higher than expected number of PPI claims in the first three months of 2012. [...]
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Fall In Factory Output Threatens Economic Recovery
A surprise fall in factory output has tempered hopes the UK economy enjoyed of a new year resurgence, contrasting with the upbeat tone of recent business surveys. Official data showed manufacturing output suffered its biggest fall in almost a year in February, defying expectations for a small rise. The weakness was across the sector and left [...]
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UK Families To Be £511 A Year Worse Off
Families with children stand to lose an average of £511 a year on what is being described as black Friday, according to figures compiled for Labour by the Institute for Fiscal Studies. In what is likely to be a key battleground in the local elections, the Treasury said the figures were partial and chose to [...]
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