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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One of the most immediate issues facing MPs in ‘Red Wall’ constituencies is the future of the steel industry, amid fears that thousands of jobs could be lost if Liberty Steel goes under.
Shaun Bailey says Sadiq Khan wants to raise mayoral council tax by 21 per cent.
Just a week into Britain’s lockdown – and normal life is anything but. Livelihoods too have vanished – not least in tourism – with areas which once relied on visitors now relying on the Government bailout instead – and helping each other to keep their communities going.
A group of MPs has written to the government urging clarity on which employees should and shouldn’t keep on going to work – saying that non-essential workers were being put at risk by some employers.
Top bankers at Barclays made secret payments to Qatar in exchange for £4 billion to stave off a government bailout during the 2008 financial crisis, a court has been told.
The government is bringing the East Coast Main Line back under state control, ending the franchise agreement with Virgin and Stagecoach, saying they’d got their bid wrong. Transport Secretary Chris Grayling denied Labour’s accusations that it amounted to a multi-billion pound bailout, insisting taxpayers “have not lost out”.
It’s ten years since the financial crisis. How many people have been prosecuted for their part?
It will be the first case of its kind in Britain: four senior bankers facing criminal charges over their money-raising operations during the 2008 financial crash. After a five-year investigation, the Serious Fraud Office has accused the men – and the bank itself – of fraud over arrangements with Qatari investors to help Barclays Bank…
The Government has sold its remaining shares in Lloyds Banking Group, returning the bank fully into private hands. Lloyds received a £20bn taxpayer bailout at the height of the financial crash eight years ago. The bank says that has now been repaid in full, but not everyone is happy. Channel 4 News has been talking…
The government sold its remaining shares in Lloyds today, with the bank declaring that the sale returned “more than £21.2 billion to the British taxpayer, repaying £894 million more than the original investment”.
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
The Prime Minister says he has persuaded Brussels to give Britain a blueprint for “substantial change”. Reality or rhetoric?
If you have a pension, or a string of ISAs, then you are watching – for the second time in a decade – your wealth destroyed. European stock markets are now 20 per cent off their peak in the middle of last year.
Voting has begun in Greece’s general election, with opinion polls indicating a tight race as Syriza leader Alexis Tsipras seeks a new mandate.
Alexis Tsipras’ final election rally had the usual soundtrack and familiar props but a different cast. After more than a fifth of his MPs split to form a new left party, the inner core of party activists behind the stage were nervous. Would anybody more than the party faithful come?