economonkey

You might remember that about ten years ago, when the current government was elected, Gordon Brown made a big deal about his strict new rules for government borrowing which were all part of his ‘no more boom and bust’ promise. Anyway, now that we’ve come to the end of the biggest boom in British history […]

So, after the US government slashed interest rates to 2% and gave Wall Street a $500 billion taxpayer bailout, only to see all this achieve precisely jack shit as the American and international stock markets paused for a moment’s reflection before getting on with the business of falling off a cliff, guess what the UK […]

There’s so much big economic news breaking at the moment that it’s impossible to cover everything in any amount of detail - the whole Bradford and Bingley thing bears further discussion for a start (just how many failed banks is the UK government going to buy before the money runs out?) but events have overtaken […]

To anybody who’s been paying much attention to the international banking system over recent years, the spectacular failure of Lehman Brothers should come as no surprise. What is surprising, however, is that the US government didn’t step in to save the massive investment bank which, up until yesterday, most people would have imagined enjoyed the […]