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 chancellor has warned the economy is facing its biggest test for ten years. But Alistair Darling called for confidence in the UK economy, insisting it was well-placed to weather the global economic downturn. In a speech to the Euromoney Bond Congress in London, Mr Darling acknowledged growing concerns of a US recession and admitted… Read more »
The government has completed its nationalisation of high street bank Northern Rock. Chancellor Alistair Darling signed the order authorising the transfer of shares in the lender to the Treasury late yesterday evening after the bill allowing him to do so was rushed through parliament. Speaker Michael Martin notified the Commons the banking (special provisions) bill… Read more »
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