On the BBC this morning, Geoff Mulgan accused governments around the world of poring good money after bad, propping up big failing industries including banks and car manufacturers. A former policy adviser to the Blair government and now Director of the Young Foundation, Mulgan’s opinions carry a lot of weight. He points out that all [...]

Yesterday, some of the leading bankers in the UK appeared before the House of Commons Treasury Committee to explain themselves in light of the near collapse of our economy due to their collective greed. Although quick to apologise, none showed any real remorse for their actions. At least two of them made fulsome apologies to [...]

Do you have some thing to say about how you have been effected by the credit crunch?
Tell us how banks have treat you unfairly, tell us how you have been effected by a business going bankrupt, were you an ex customer of Woolworth’s, Empiredirect, Zavvi, MFI etc.. Tell us your story’s! Do you own a [...]

Today the Bank of England has cut interest rates by an amazing half point to only 1%, which is their lowest level in well over 300 years, as it tries to drag the UK out of the doom and gloom brought on by the credit crunch.
The monetary policy committee had voted to cut the cost [...]