economic policy
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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The government has all-but nationalised the Royal Bank of Scotland (RBS), taking up a 63 per cent stake in exchange for £20 billion of taxpayers’ money. The figure makes up a substantial portion of the £37 billion the government invested in RBS, HBOS and Lloyds TSB today. Speaking to the Commons this afternoon, chancellor Alistair… Read more »
A £50 billion bail-out of British retail banks could be unveiled by the government on Monday morning, it has emerged. The banks and the Treasury are working on a rescue plan, which will be announced before the markets open to avoid another stock market slump. It would mean the government would become biggest shareholder in… Read more »
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