economonkey

Another week, another huge pile of your cash put on the line to support a failing industry – this week, £2.3 billion of taxpayer money will be used to guarantee loans to the British car industry. This raises a couple of questions:
1) Britain still has a car industry? Really?
2) Where is all this money coming [...]

It’s official, Gross Domestic Product (GDP – the total amount of money we make as a country) in the UK has fallen for the past two quarters, which is the technical definition of a recession. This should come as a surprise to absolutely nobody, but the big question is: where do we go from here?
A [...]

Remember that £50 billion taxpayer bailout the government threw at the banking industry a few months ago to help dig it out of the horrible disastrous mess caused almost entirely by its own greed and stupidity? Turns out it wasn’t anywhere near enough to fix the problem (in case you’d failed to notice the torrent [...]

There’s been a noticable change in the noises coming from our politicians over the past few days. Up until recently, they seem to have been largely preoccupied with helping ’struggling homeowners’ (i.e. baling out the simpletons who bought houses they couldn’t afford) and ‘restoring confidence’ (i.e. convincing people it’s safe to keep digging themselves into [...]