The World’s Economy 2009
Since the start of the earlier parts of last year the face of the worlds economy was set to fall deep into a financial depression. Top economist predicted this would happen from as far as 3 years ago but did not realize how big the massive financial meltdown would be, and are shocked to see [...]
Interest rates slashed again
Today banks slashed interest rates again by a further 1%, to boost the economy, with the Bank of England doing so they wish to try and stable the economy and have only just cut interest rates by 1.5% previously. This is the lowest that banks have dropped since 1951. Even Gorden Brown said today that [...]
Small businesses to get £7bn package
With the tax budget released today, a piece of the large amount has been put in place for small companies with the economical turmoil the companies will get loans and a deferring in tax rises. Small and medium sized companies make up around 60% of the private sector work force and with the economy the [...]
Lloyds TSB for HBOS take over
This ground breaking report shows the predicted take over of massive rivals of Lloyds TSB, HBOS, In a massive majority of approval from shareholder today, and estimated 95 % of shareholders have backed these plans for the massive rival bank take over, meetings are being held in Glasgow and astonishingly the shareholders also back plans [...]
Barclays top directors in job plea
Top directors of Barclays bank this week issued a statement entitled “Back us or sack us” In a plea to not damage relations with shareholder this week, top chief executive John Varley proposed no bonuses shall be taken this year with other top exec Bob Diamond, Who last year mounted up 20 million pounds in [...]
