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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FSA protects £50k deposits
FSA protects £50k deposits

The Financial services Authority (FSA) has guaranteed savers’ first £50,000 of their deposits from bank failure. Couples with joint accounts will have £100,000 protection. The FSA today announced the changes to come into force from Tuesday to the Financial Services Compensation Scheme (FSCS). In a press conference today the chancellor also said the Bank of… Read more »

House of Representatives votes to approve Bush administration's $700 billion economic rescue package
Congress approves $700bn bailout

The House of Representatives has voted to approve the Bush administration’s $700 billion economic rescue package. The bailout bill was put before congressmen and women today, four days after world markets were sent tumbling when the plans were initially rejected in a shock outcome. The bill was approved by 263 votes to 171 against. It… Read more »