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Bank of England to use £50bn of taxpayers' money to ease credit crunch |
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Written by Guardian
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Friday, 30 January 2009 |
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Mervyn King, the governor of the Bank of England, has been given the green light to spend £50bn of taxpayers' money, buying company debts and other assets, in the clearest signal yet that Britain is moving towards the desperate recession-busting tactics of "quantitative easing". |
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Northern Rock cuts savings deals |
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Written by BBC Online
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Thursday, 02 October 2008 |
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Northern Rock has withdrawn a number of savings deals to new customers to ensure it does not abuse any competitive advantage. The nationalised bank is one of few financial institutions that has a 100% guarantee for the safety of customers' savings, as it is government-backed. |
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Eurozone inflation double target |
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Written by Guardian
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Tuesday, 01 July 2008 |
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The European Central Bank appears certain to raise interest rates on Thursday after eurozone inflation leapt to a record high of 4% this month.Eurostat, the EU statistics agency, said June inflation jumped from 3.7% in May on the back of surging energy and food costs. Oil, which was trading near a record of $142 a barrel in Asia today, has been a key factor. |
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Banks braced for charges defeat |
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Written by BBC Online
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Thursday, 24 April 2008 |
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The UK's biggest banks are bracing themselves for defeat in the High Court test case about overdraft charges. |
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G7 to address financial turmoil |
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Written by BBC Online
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Friday, 11 April 2008 |
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The G7 group of industrialised nations is to address ways of tackling recent global financial turmoil, stemming from the continuing credit crisis. |
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Tax dodgers to get final warning |
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Written by BBC Online
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Saturday, 15 March 2008 |
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Final warnings are going to be sent to about 5,000 suspected offshore tax dodgers by the HM Revenue and Customs. |
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