-Rachel Mason is PR manager at Fair Investment Company. The opinions expressed are her own.-
from The Great Debate UK:
- Mark Bolsom is the Head of the UK Trading Desk at Travelex, the world’s largest non-bank FX payments specialist. The opinions expressed are his own.-
Deciding it was safe to come clean because banks are now on a more even keel and the worst of the credit crisis is behind us, the Bank of England has told the nation that at the height of the turmoil it secretly lent Royal Bank of Scotland and HBOS a colossal £62 billion, which is more than the entire British defence budget.
Britain's recession, like the downturns in most other places, is being hailed as either having reachえｄ bottom or tailed off in its decline. The latest to trumpet the beginning of the end is the British Chambers of Commerce, which said business orders and sales had continued to fall in the second quarter but at a slower pace than previously.
Ageing 1960s hippies and their youthful anti-globalisation descendants joined in an angry anti-capitalist protest at the Bank of England on Wednesday, waving placards and shouting slogans reflecting a common fury at perceived corporate greed.