A couple of readers have asked me what I think about the MPs’ expenses scandal that’s turned the British Isles into a Banana Republic. My first thought is Banana Republic politics is rather fitting for the UK today, given our dire national finances, unelected leader and last week’s threat to…
Browsing: politics
I had a lot of fun today covering the UK Budget over on the Monevator Twitter channel. It was fun racing other finance bloggers and the bloke who does the BBC captions to announce the news. There were two occasions though when I was late with my updates. Both times…
Honestly, I despair. The day before the UK Government unveils a second banking rescue package worth hundreds of billions of pounds and RBS (once one of the world’s largest banks) falls 67% to become a penny stock, the Conservative party apparatus circulates a press release concerning… Value Added Tax in…
Last night Alastair Darling, the UK Chancellor, guaranteed 100% of savings in Northern Rock – and indeed the Financial Services Authority has since gone further, stating this guarantee extends to other troubled financial institutions that might emerge in coming days. Given the scenes we’ve witnessed since Thursday’s news that Northern…
