from The Great Debate UK:

Britain faces recession without housing ATM

By J Saft
December 17, 2008

James Saft is a Reuters columnist. The opinions expressed are his own.

james-saft1Even in the good times, many British consumers were borrowing against their houses just to fund routine consumption, indicating a big hit to come for retail sales and for the banks who hold the loans.

from The Great Debate UK:

Put your questions to David Cameron

December 14, 2008

OUKTP-UK-BRITAIN-CONSERVATIVES-CAMERON

(UPDATED Dec 18 - This post is now closed for questions)

Conservative Party leader David Cameron will be speaking on the economy and the credit crunch at Thomson Reuters' Canary Wharf office on Monday, followed by a question and answer session.

from Global Investing:

To spend, or not to spend?

November 25, 2008

A day after Britain unveiled a multi-billion-pound fiscal stimulus package to spend its way out of recession, market analysts have been busy figuring out what it all means, in the context of a sharply slowing economy.

Boosting the economy: lower taxes, higher spending or both?

November 12, 2008

Prime Minister Gordon Brown has suggested he will push expansionary fiscal policies to help boost the economy. Brown’s comments were the latest in a series from him and Chancellor Alistair Darling stressing the importance of boosting the economy, which shrank in the third quarter of 2008 for the first time in 16 years and is expected to contract more sharply next year.

“Dragons’ Den” star Bannatyne says it’s hard to raise funds

November 11, 2008

Duncan Bannatyne, the straight-talking Scottish entrepreneur and star of TV’s “Dragons’ Den” has been talking about how his business has been affected by the credit crunch.

Negative equity nightmare returns as house prices drop

October 28, 2008

It’s every houseowner’s worst nightmare – and it’s official now: more than a million households could fall into negative equity if the housing slump continues, the Bank of England said today.

Is it enough to say sorry?

October 21, 2008

lehman.jpgSorry seems to be the hardest word in many walks of life – but for hard-nosed bosses  of financial institutions it seems to be even tougher, even during the credit crunch.

Moneyspeak: Of donkeys and carrots and shock and awe

October 13, 2008

sadtrader.jpgHere are just a few of the memorable quotes to emerge from the credit crisis:

If you would like to contribute please send us your own selection in the comments box below, with a link to where you found the quotes.

You know things are bad when..

October 10, 2008
    You know exactly what the population of Iceland is and can also pronounce the name of its prime minister. Even the word ‘crisis’ seems to have lost its currency. Countries pop up for sale on eBay for 99p and get few offers. Posters on BBC messageboards stop discussing the undulating pitch of Robert Peston’s voice and listen to what he’s actually saying. The speech bubble on Page 3 of the Sun is given over to discussing the credit crisis. Financial market updates displace stories about Jade Goody on the tabloid front pages. Bad news stories from government departments are rushed out day after day and not even the Opposition seems to notice. Estate agents finally admit house prices have fallen but tell you now is a really great time to buy because the market is stabilising. People marketing get-rich-quick property seminars don’t get taken seriously any more. The Chancellor, writing in the Financial Times, says that “now, more than ever, we need new ideas”. Your primary school-aged children know that credit crunch is not a type of biscuit and that IMF isn’t just a fictional organisation in Mission Impossible. You go for a while without noticing one estate agent’s mini and then you see a whole bunch of them on the back of a car transporter. A pensioner on the evening tube train from Canary Wharf gives up her seat to a banker because she reckons he might need it. The Ivy rings to ask if you’d like a table tonight or any night. There are no spare trolleys when you turn up at Aldi to do your weekly shop.

Do you have any better suggestions? All contributions welcome – please send in your selection.

Industry awards, the kiss of death

October 9, 2008

So, how to tell in advance which banks and financial institutions were headed towards the door marked ‘exit’?