Posted by Guy Clapperton on 30th April 2008.
At least that’s what Mervyn King, governor of the Bank of England, seems to think according to today’s Times. More particularly he’s concerned that the top executives at said banks are using other people’s money to do it. So the bail-out the other week should be seen as an offer of breathing space and time [...]
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Posted by Guy Clapperton on 23rd April 2008.
In recent weeks, given the remit of covering business money, I’ve said quite a lot about the state of the economy. I’m going to give it a break this week; either confidence will return or it won’t (and I still believe a lot of the problem has been about either confidence or more likely overconfidence [...]
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Posted by Guy Clapperton on 9th April 2008.
…because a lot of this economic forecasting is giving me a headache.
It goes like this. Alistair Darling’s forecast for this year was for 1.7 per cent or so growth in the economy. It seems not everyone agrees with him and the actual figure is likely to be 1.5 per cent.
More seriously for Darling, the figure [...]
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Posted by Guy Clapperton on 19th March 2008.
I was going to try to be erudite on my own behalf today. To look at the current difficulties in banking, to consider what’s going on under the bonnet of the major lending institutions and to consider what effect this would have on the smaller operators (like SmallBizPod readers) who depend on the institutions for [...]
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Posted by Guy Clapperton on 23rd January 2008.
OK, it’s got to be faced - there is going to be some sort of slowdown in the UK. The Prime Minister will say it’s largely because of American influence, which will be largely true, but will we care? The fact is that we’re going to be finding things tougher, Northern Rock support or otherwise. [...]
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Posted by Guy Clapperton on 20th December 2007.
We’re short of an announcement. As outlined in the Daily Telegraph’s blog, we were supposed to know by now whether Mervyn King is staying on at the Bank of England before June.
Christopher Hope in the Telegraph clearly thinks Gordon Brown will keep him because there’s so much at stake, for both business and personal money [...]
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