You can read all 237 pages of the UK Government pre-budget report if you really want to, but to save time, cut to the chase o page 198. This tells us what the Government earns, spend and the difference between the two, and explains the headlines we have been reading. The biggest one shows UK Government (or [...]
Tag Archives: Banks
The Small Print is on Page 198, Table B10…
December 2, 2008 – 12:58 pm
RBS, HBOS, B+B, Northern Rock all owe us a huge debt. Give them a hard time.
November 30, 2008 – 1:42 pm
By John J Kelly
I made a rare visit to my bank last week, and was reminded why. I needed to send £62.00 to Switzerland. After a lot of wasteful form filling, I was charged £20.00 for this ’service’, which will take 4 working days to process. The exchange rate is likely to operate on a [...]
The wonder of Woolies is that it hasn't been nationalised
November 27, 2008 – 1:56 am
The latest nightmare recession headline is that Woolworths is about to go bankrupt (again) with the loss of more than 30,000 jobs and 860 store closures across Britain. Have the government thought this one through? Where are we going to spend the windfall cash bonanza that Gordon and his elves have earmarked to save the [...]
Fiscal scriscal, fiddle-dee dee, Europe's suddenly OK with me
November 21, 2008 – 6:17 pm
Before spreadsheets enabled geeks to assume they could manipulate the economic weather, we knew that if we spent too much, we’d run out of money. If we ran out of things to sell or do in return for more money, we’d be in trouble. If we borrowed money at unrealistic interest rates, we’d be in [...]