Siobhan Kennedy
RBS: what now for the troubled bank?
Many would see today’s headlines and sigh. RBS forced to put aside another £400 million in compensation for past bad behaviour.
Search results for ‘Interest rates’
922 items found
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FactCheck: Independent Scotland would have to agree to adopt Euro after joining EU
Under EU law, a new member state is required to join the euro – but there is no compulsory timetable.
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2m
Economists warn of new financial crisis on anniversary of 2008 crash
They predicted the global financial meltdown a decade ago, now economists are warning another crash is on the way – putting the world’s economies at risk.
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4m
Payday lender Wonga forced into red
New rules requiring lenders to pay compensation for such high rates have forced Wonga itself into the red.
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5m
Frantic trading as financial markets rapidly fluctuate
What goes up must come down, and there’s been another tumultuous day on markets around the world, with frantic trading following two days of heavy losses. On Wall Street, prices briefly rebounded before taking another tumble, while in London the FTSE ended the day almost 200 points lower. It’s all been fuelled by concern over…
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FactCheck: John McDonnell doesn’t tell the whole story on Labour’s borrowing plans
Would Labour’s plans to add to the national debt pay for themselves? FactCheck takes a look.
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FactCheck: Do rent controls work?
In his speech at the Labour Party Conference this week, Jeremy Corbyn promised to introduce rent controls. The announcement delighted many struggling private renters, but critics responded saying the move would damage the housing sector and be a “disaster for tenants”. So who’s right? What does ‘rent control’ actually mean? The main problem with the rent controls…
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3m
Bank of England: UK economy will stay ‘sluggish’
The prospects for the UK economy are bleak as the Governor of the Bank of England warned it would stay “sluggish”. The Bank’s now lowered its growth forecast for this year and next – and voted to keep interest rates on hold again. And Mark Carney warned that business investment was weaker than expected because…
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2m
Inflation falls to 2.6%
Inflation fell unexpectedly in June, thanks to lower fuel prices. It dropped to 2.6%, reducing the pressure on the Bank of England to raise interest rates in the short term. But it hasn’t quite reduced the pressure on cash-strapped consumers.
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FactCheck: the Labour manifesto
How can you increase borrowing but promise to lower the national debt at the same time?
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6m
Bank of England announces rise in growth
The Bank of England has announced a dramatic rise in its growth forecast for the next two years while keeping interest rates on hold again. The Bank’s governor Mark Carney warned the “Brexit journey” was only just beginning, but he also had a wider message, saying politicians are becoming more important to the world economy…
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Siobhan Kennedy
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Paul Mason
Mark Carney’s last chance saloon warning on the global economy
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
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Former Tory Chancellor Lord Howe dies age 88
Former Conservative Chancellor Lord Geoffrey Howe has died aged 88 after a suspected heart attack, his family has announced.
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Paul Mason
Redcar: not the only canary in the coal mine
Redcar could be – yet again – the canary in the coalmine for a global problem. For what 2008-9 told us is: every time there’s a major credit event, the steelworks on Teesside shuts.
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China financial crisis: the key questions
Following China’s “Black Monday” jittery global financial markets begin to recover – but do we all need to start worrying about China?
