The spin on Sir Fred Goodwin continues
The UK government is rumoured to be behind further suggestions in the financial press this weekend that the true cost of Sir Fred Goodwin's pension will be in the region of £30 million. These ludicrous claims are aimed at forcing Sir Fred Goodwin to give up part of his pension arrangements even though the UK government formally agreed these back in October. So why are the UK government spending so much time and effort to blacken the name of a former banking star?
There is ever growing speculation around the halls of Westminster that the UK government is attempting to use Sir Fred Goodwin's personal pension arrangements as a way to deflect more criticism from the UK banking rescue package. While the headlines have been dominated by pension arrangements agreed with former banking leaders the UK government has been piling billions upon billions of additional funding into the UK banking sector relatively unnoticed.
The ongoing anger over these pension arrangements has allowed the UK authorities to divert massive sums of taxpayer's money into the banking sector yet again. Let's not forget that these pension figures are miniscule when compared to the massive amount of money which has been used to try to prop up the UK banking system.
Share this..
Related stories
Write off Richard Branson at your peril!
Many in the financial press have been disrespectful of Richard Branson's move into the UK banking sector with the acquisition of Church House Trust but those who write off Richard Branson do so at their own peril! It is noticeable that despite the fact the Church House Trust deal has now been announced we have seen little in the way of detail from Virgin Money since the deal. However, over the...
Read MoreAre you watching your credit card interest rate?
As UK credit card interest rates continue to spiral higher and higher it would appear that many people in the UK are totally unaware of the current rate which they are being charged on their debits. Such is the way in which we perceive and use credit cards in the UK that many of us will be unaware of current interest rates and how much interest and how much capital we pay off each month if we only...
Read MoreSainsbury's warns on withdrawals restrictions
Around one in four of the UK's top savings accounts are subject to withdrawals restrictions, new data shows.According to Sainsbury's Finance, eight per cent of the accounts also carry direct penalties for people who take out more than they are allowed to by contract.The research also showed that around £165 billion of UK savings are controlled by these restrictions - and that around £46 billion...
Read More'Savvy' drivers can find cheap car insurance deals
Cheap car insurance deals are still up for grabs, despite the cost of insurance continuing to rise, according to one expert.Ian Crowder from the AA has said that "savvy" motorists can still find a good deal on their car insurance, although they will need to shop around to get the best deal.The AA's most recent quarterly survey found that car insurance premiums fell during the first three months of...
Read MoreUnemployment hits 16 year high
Just when Gordon Brown felt the tide was turning with regards to unemployment in the UK it has been revealed that unemployment increased by 43,000 in the three months to February, taking the total amount 2.5 million. This is a bitter blow for the government ahead of the election and opposition political parties are sure to make hay while the sun shines and attack Gordon Brown's handling of the UK...
Read More