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In such an extensively monetised economy, it is hardly surprising that the Romans were also well acquainted with another familiar feature of modern finance: the credit crisis.
Tags » Credit Crunch
This week’s Budget was, of course, highly political. The Chancellor’s £250,000 reduction in the lifetime allowance for private pensions deprived his Labour opponents of a funding source nominated for one of their policies; his single announcement on inheritance tax was nothing more than an opportunity to poke fun at the Leader of the Opposition for his tax avoidance twenty years previously; and he devoted much of his speech to refuting high-profile opposition criticism of the government’s record and intentions. 692 more words
Originally published as a FB Note, on 7 July 2008 at 22:27
Rampantly rising oil prices, a swathe of unchecked knife murders, the credit crunch, falling house prices, rising inflation, international terrorism, overflowing prisons – the list of the UK’s current woes goes on and on. 427 more words
Highest number of profit warnings for 6 years – what happened to “Silver linings turning gold”?
A week is a long time in economics…
Profit warnings reached their highest fourth quarter total since 2008 in Q4 2014, with 93 warnings also taking the annual total for 2014 to a six-year high. 896 more words