UK corporate bankers seek protection
In light of the attack on the home of Sir Fred Goodwin a number of leading UK bankers have requested security as fears grow of an increasing backlash against the financial sector. While there is no doubt that the financial sector has played a significant part in the downfall of not only the UK economy but the worldwide economy, the UK government for one has been very eager to pass the buck.
There is no doubt that governments around the world have also played their own part in the ongoing crisis and appear at the moment to be escaping blame free. While it would be wrong to blame the UK government's concerted campaign against Sir Fred Goodwin, and his pension payment, for recent vandalism on his home there is no doubt that the ongoing and constant attacks from UK government ministers have inflamed the situation.
Many people will remember that MPs, although serving the public, fought tooth and nail to ensure that their own personal addresses were kept out of the public domain while they appear happy for others in the firing line to take the flak. Serious questions have to be asked about their concerted campaign against the likes of Sir Fred Goodwin and the hatred and passions this has created in the UK.
Share this..
Related stories
Bank of England execs admit they were slow to reduce rates
In a rather damning indictment of the way the UK slowdown has been handled by the Bank of England it has been revealed that even executives within the bank believe they did not reduce rates quick enough to combat the ever growing slowdown. While we are fully expecting UK interest rates to be reduced later this week in line with those in the US many experts feel that this is too little too late.
The Spin King is back
Lord Mandelson has today stepped into the limelight and taken on the role of government enforcer with a mission to tackle the "doomsters" who are talking down the UK economy. While there is no doubt that Mandelson has taken on a number of significant tasks in the past, even he will have his work cut out trying to talk up the economy which is literally on its knees with unemployment set to rise sub...
Read MoreUK economic growth 'to halve this year'
The rate of growth for the UK economy during 2008 will be half that seen last year, an economics consultancy has predicted. A report from the Centre for Economics and Business Research (CEBR) forecasts that the UK economy will expand by 1.5 per cent this year - less than half the rate of growth of 3.1 per cent seen in 2007. In a previous report CEBR had predicted growth of 1.8 per cent, but said i...
Read MoreWas Lord Turner right to call the UK banks socially useless?
Amid signs that the UK property sector is starting to pick up, yet liquidity is still very hard to come by in the mortgage sector, Lord Turner's comments describing UK banks as being "socially useless" have grabbed headlines all around the world. As we have covered in some of our earlier posts, this goes way beyond the brief of Lord Turner as chairman of the FSA although his comments have attracte...
Read MoreShortage of £5 notes attacked
Bank of England governor Mervyn King has criticised the lack of £5 notes made available to consumers.In a Mansion House speech Mr King said Britain's central bank had an "ample supply" of new £5 notes waiting to be used, but suggested that the country's commercial banks were shunning them for cost reasons.He told City bosses that it was "more economical" for banks to stock cash machines with £1...
Read More