Qualified advisers answering your
Financial Questions
call 0800 092 1245

Rescue plan B needed fast

Just a couple of days ago markets reacted with joy to the massive rescue package announced by the UK government, which together with the US deal was seen by many as the way forward, the great escape. But a few days in the world of finance is a long time and today we see stock markets around the world collapsing, investors selling whatever stocks they can get any money for and general panic.

It looks as though we are now in the worst financial crisis to hit the world since the depression of the 1930s and the doom and gloom which that brought to places such as the UK and the US. We need a plan B and the markets want to see it fast but what is left in the pot? How can governments give markets what they want?

What the markets need most of all is a confidence boost, some good news for a changes and a long term rescue plan, not news about some General Motors in the US seeing its share price fall to levels last seen in the 1950s or one of the Far East's largest insurance companies going bust. Finance ministers are meeting this week but it is unclear exactly what they can do - so come on, surprise us!

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