Tag Archives: recession

Euro hits one-month low against dollar

Posted on April 20, 2009 by admin

The CBI has predicted the UK economy will contract by 3.9% in 2009, more than twice the amount predicted by Alistair Darling late last year. The euro has reached a one month low against the dollar amid concerns that the…

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Banks face more questions

Posted on March 19, 2009 by admin

Scottish MPs will question senior executives from Royal Bank of Scotland and Lloyds Banking Group – two of the banks given multi-billion pound bailouts by the government. Continue reading →

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Barclays Debt Talks

Posted on March 16, 2009 by admin

Barclays have confirmed this morning that they are in talks with the Treasury over its potential participation in the government’s Asset Protection Scheme. Lloyds Banking Group and RBS are already signed up to the scheme. Barclays said that any decision on whether it would participate in the scheme would be based on “the economic merits to shareholders.” Continue reading →

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BoE to introduce quantitative easing

Posted on March 6, 2009 by admin

The Bank of England announced yesterday that it is to take unprecedented steps to ease the recession; £75 billion will be injected into the British economy over the next three months. Continue reading →

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