Gordon Brown steps forward for UK small businesses
Yet against Gordon Brown has been forced to remind the UK banking sector of its new obligations towards small businesses and finance. This comes in the wake of a report suggesting that the £700 billion rescue package has yet to have a material impact on the internal money markets which will lead the UK out of recession.
Tory leader David Cameron has today criticised Gordon Brown and his recent record, suggesting that much of the funding used of late has been wasted and has had minimal impact as yet. The exchanges between Brown and Cameron have become more volatile and more ruthless of late as both attempt to grab the middle ground of the UK public which will determine who wins the next general election.
Gordon Brown will need to push home some of his earlier promises as there are signs that the banking rescue package may be falling apart at the seams and taxpayers cash could well be lost for ever. We have also seen the Tory party tried to distance itself from Labour and its recent economic decisions even though there had been a cross-party agreement to put the economy first.
Share this..
Related stories
First time buyers find "new ways" to buy homes
The surge in the size of deposits has forced more and more first time buyers to club together to buy a home, according to the Home Sale Network (HSN). Over the last five years, 57 per cent of the 750 estate agents represented by the body have reported a rise in the number of first time buyers pooling their resources. The trend has been fuelled by burgeoning house price growth in this period, which...
Read MoreMarketing budgets fell towards end of 2009
The latest Bellwether report has cast doubt on the confidence of UK businesses in the UK economy. The survey, which is well respected in the marketplace, confirms that the final quarter of 2009 saw marketing budgets across the UK fall to a two-year low. This would seem to be at odds with hopes that the UK economy has left the recession behind in the final quarter of 2009 and moved back onto the gr...
Read MoreMillions 'spend frivolously'
Millions of Britons are only saving money to meet their immediate financial needs, with many admitting to spending 'frivolously', according to a new report.More than 7.5 million people only save enough money to meet their short-term goals, according to financial website Unbiased.The report published by the site, which is run by IFA Promotion, also estimates that there are 3.8 million people in Bri...
Read MoreEuropean stock markets dive to 16 year New Year low
05/01/2016 Stock markets across Europe felt the full force of the mass sell-off witnessed within the Chinese market on Monday, recording the worst start to a new year in 16 years. All of Europe’s major markets slipped into the red, after weaker than expected economic data from China panicked investors and led to a mass exit from the market. The FTSE 100, London’s market, staged a tem...
Read MoreRate hike 'likely' despite Eurozone slowdown
Growth in the eurozone fell moderately last month, according to new figures released by the European Central Bank (ECB).However analysts have warned that despite the slowdown, the bank is still likely to raise its benchmark interest rate to four per cent next week â€" as anticipated.The annual rate of growth of M3, a broad measure of money supply in eurozone nations, fell to 10.4 per cent...
Read More