Time for salary cap for bankers?

February 9, 2009

It’s not a great time to be a banker at the moment with financial apocalypse making the pin-striped gents probably more loathed than estate agents or journalists. Thousands of them have lost their jobs and those that are still in paid employment are finding that their renumeration packages are coming under ever greater public scrutiny.

Are interest rates at one percent the answer?

February 5, 2009

The Bank of England has gone into further into uncharted territory with its decision to cut rates by half a point to just one percent. Many economists think they will be down to zero by the Spring.

Did the press make the crisis worse?

February 5, 2009
As the British economy continues to nosedive, an intriguing sideshow has been going on about who should we blame for the financial meltdown.

Since building society Northern Rock went belly up, Prime Minister Gordon Brown’s mantra has been to link Britain’s economic problems to credit flows seizing up due to the subprime crisis in the United States.

from Global Investing:

And the next Iceland is…

January 23, 2009

If there's one thing you don't want to be, it's the next Iceland.

Since its currency, colossally indebted banking sector and economy collapsed in spectacular fashion in October, the country has become a byword for an economy that has truly hit the rocks.

What other options does the Bank have?

January 8, 2009

Interest rates have been cut again – to a record low of 1.5 percent. As they get ever closer to zero, the impact of rate cuts will become more and more limited. So what can central banks do to ease the economic pain?

Unpaid overtime anyone?

January 8, 2009

It’s widely acknowledged to be bad for your health but millions do it, even without getting paid for it. The Trades Union Congress (TUC) said on Thursday the number of people working hours they are not paid for is at its highest level since 1992.

In Britain – The week in 7 pictures

January 2, 2009

Saturday: A worker changes a sign in the window of the Woolworths store in Ashby de la Zouch in central England on December 27, 2008. Woolworths collapsed into administration in November and its administrators said earlier in December that all its stores would close by Jan. 5, with the loss of 27,000 jobs, unless a last-minute buyer could be found. REUTERS/Darren Staples

In Britain – 7 days in 7 pictures

December 24, 2008

Wednesday: A homeless man sits outside the entrance to Green Park Tube Station in central London on Christmas Eve, while a man and a woman kiss goodbye after a shopping trip. There was yet more evidence this week that the world’s economies are limping into the new year,  with Britain contracting more sharply than first thought and further signs that the U.S. economy is in a sharp decline. REUTERS/Andrew Parson

from The Great Debate UK:

Put your questions to David Cameron

December 14, 2008

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(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.