Qualified advisers answering your
Financial Questions
call 0800 092 1245

Gordon Brown plays down the Dubai effect

Gordon Brown has today insisted that the Dubai saga, which has the ruling family request a suspension of debt repayments in the short term, will not impact upon the UK economy. He also reiterated that while obviously a setback in the short term the Dubai issue will not impact upon the global economy which has in many areas of the world started to improve. However, there are those who believe that the Dubai issue could well cause a ripple effect across investment markets and money markets around the world.

The very fact that Gordon Brown felt that the need to comment upon the Dubai crisis is a reflection of the severity of the issue, even though many government leaders around the world have attempted to play down the potential consequences. It seems almost inevitable that the cost of debt in the worldwide money markets will increase in the short to medium term until we see the way ahead with regards to Dubai and what other issues may emerge from this surprise development.

There is speculation in the marketplace that the Abu Dhabi authorities are waiting to step in with a rescue package for Dubai but if this was the case why have the Dubai authorities not announced this already and why have they requested a suspension of debt repayments?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details