UK Finance News

With our own country preparing to extend the misery that the financial crisis and decades of bad government decisions has brought upon us, the news that the UK will help bail out Ireland is to put it politely, not very welcome.
As Professor Philip Booth of the Institute of Economic Affairs has already made the following [...]

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The pound has risen to its highest level against the Euro since November 2008 as markets show concern ahead of a deadline this week for European banks to repay loans taken out a year ago at low interest rates.
The European Central Bank will offer funds on Wednesday to banks looking to repay loans later [...]

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Not quite a u-turn, but Germany’s no nonsense Chancellor Angela Merkel has agreed to support the European financial aid package for Greece, but only if  ‘certain conditions are met.’
Merkel made it clear that Germany would play its part in order to ensure the stability of the euro, but warned that Greece must be ready to [...]

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The Director General of the Institute off Economic Affairs (IEA), Mark Littlewood, has blasted politicians at home in the UK and across Europe for jumping on the bandwagon to promote support for an international levy on bank assets.
The IEA are particularly at odds with the Conservative party over the issue, David Cameron’s party have not [...]

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France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over [...]

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