economic policy

Campaigners set out proposals for a better deal for low-income taxpayers
Academy of Medical Sciences

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »

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Mervyn King, governor of the Bank of England
Downing St forced to clarify anti-fiscal comments

By staff Downing Street has been forced to clarify statements made by Bank of England governor Mervyn King. Mr King warned against further fiscal stimulus for the economy during an appearance before the Treasury committee today. “We are facing very large fiscal deficit, there is no doubt,” he said. He explained large scale tax… Read more »

Savers 'could face charges' for their deposit
Savers ‘could face charges’ for their deposit

By staff Mervyn King today admitted banks may have to start charging customers for holding deposits as interest rates drop. Speaking the House of Commons Treasury committee, the governor of the Bank of England explained low interest rates may lead high street banks to seek new ways to maintain profits. “Banks will want to… Read more »