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The Queen begins her two-day Diamond Jubilee visit to Northern Ireland, which will include a historic meeting with Deputy First Minister Martin McGuinness.
In December 1982, I moved to Kenya. For three years I worked for UNICEF, before becoming a journalist based in Nairobi. Since I left in 1989, I’ve visited every year or so, but this is the first time I’ve been back to the arid north where Samburu, Turkana, Pokot and other people herd their cattle,…
From the Northern Rock collapse, to crashed markets via bust banks, coalitions cuts and painful austerity, this clickable graphic tracks how the British economy recovered.
Lucy Broomfield, who turned 14 the week Northern Rock collapsed, writes for Channel 4 News about growing up in austerity-hit Britain.
Chancellor George Osborne backs plans to ring-fence banks’ retail arms and says he will sell Northern Rock. Gary Gibbon says he is trying to signal the beginning of the end of the financial crisis.
As Bank of England policymakers keep interest rates on hold again, a victim of the Northern Rock collapse tells Channel 4 News “I would be very frightened if I had a mortgage now”.
Almost entirely, the institutions that lent money to the RBSs and HBoSs and Northern Rocks, and the Irish banks, that was then mislent, have got away scot free. But according to this Irish Times article, the IMF and EU might be about to change things with a “bail-in” of such creditors.
Helia Ebrahimi
The BNP Paribas announcement turned out to be the starting gun to the global financial crisis.
Ministers say the taxpayer will end up making a profit after bailing out the banks to the tune of £100bn. But are they telling us the whole story?
George Osborne says more optimistic growth and borrowing forecasts, boosted by the falling price of oil, mean the squeeze on public spending can end a year earlier than predicted.
Gary Gibbon
George Osborne’s response to news that Britain has recovered all the ground lost in the recession of 2008-09 speaks volumes of a government that believes it can win the election.
In the City they are hot property. Cocos (contingent convertible capital) are meant to protect taxpayers. So why the nickname “death spiral securities”? CNBC UK Business Editor Helia Ebrahimi reports.
Siobhan Kennedy
It’s taken three days of torrid headlines, but today Labour has finally come out fighting about its association with the crystal Methodist and former Co-op banker Paul Flowers.
Siobhan Kennedy
That a Reverend – Paul Flowers – was caught on camera buying crack cocaine and crystal meth is bad enough. That he’s the former chairman of the Co-operative bank couldn’t be any worse.
Siobhan Kennedy
The idea that money men are taking control of the Co-op may be the worst outcome precisely because all the money men care about ultimately is money.