Budget Headlines : £750 million government investment fund announced
£750 million government investment fund announced
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Toyota Motor registers first loss since 1941
Japanese car manufacturer Toyota Motor has this evening announced its first loss since 1941 amid the carnage of the car manufacturing industry. This is the latest setback for an industry which has literally falling to its knees over the last few months with thousands and thousands of cars waiting to be delivered to forecourts never mind being sold.
The news from Toyota Motor is expe...
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Aside from interest rates the main tool the Bank of England has is the ability to increase and reduce...
Banks 'will be part-nationalised'
The government is to part-nationalise large UK banks, in a bid to loosen up the money markets and avert a severe economic downturn.Alistair Darling announced the move this morning - saying that preferential stakes would be bought in eight firms.These are Abbey, Barclays, HBOS, HSBC, Lloyds TSB, Nationwide, Royal Bank of Scotland and Standard Chartered.It is hoped that this plan will lead to greate...
Read MoreConsumer Confidence Collapses Yet Further
While it looked as though the figure for consumer confidence in June could get no worse, the figure for July has shocked many in the markets. A GfP NOP survey has highlighted the fact that consumer confidence has fallen to -39 points for July, a fall of 5 points from the June figure. This is now the lowest figure since the dark days of 1974 and lower than the figure for March 1990 - the last maj...
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