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 [...]
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 [...]
If you’ve never written a business plan before, the idea can be a little daunting. You’ll need a detailed business plan when you apply for credit. When you ask to borrow money – business plan in hand – it shows the potential lender that you’ve given some solid thought to your business – you’ve analyzed [...]
After the traumas of last week it is now clear that with action being taken at the highest level there are some grounds for cautious optimism that the world is on mend. So how do some of the investment professionals see events? Ian McVeigh manages UK equities and gave his view last week. “It’s a [...]
The credit crisis gave no quarter last week, claiming another casualty in the form of Iceland’s banking system which effectively collapsed as the government was forced to announce the nationalisation of the country’s banks. The collapse resulted in accusations by the Icelandic government that it was a direct result of action by the UK government [...]
Hopefully last week will be seen as a turning point for the financial markets on what admittedly is likely to be a long road to recovery following concerted efforts by policymakers across the world to find a solution. Last week Gordon Brown announced an unprecedented package of assistance to UK banks in an effort to [...]
The credit crisis made what looked to be a final convulsion last week as investors’ nerves finally succumbed to growing concerns about the state of the global financial system and economic outlook. As the week progressed, stock markets around the world headed south, despite concerted action by world leaders to stem the panic, which finally [...]