Even given the events of the past 12 months, today has been pretty monumental in the world of finance, and not in a positive way. Here’s how things have panned out during the day.
Tag: Economy
Bradford & Bingley To Be Nationalised
Yesterday we wrote how Bradford & Bingley appeared to be on the verge of going bust, and it seems that the Treasury are indeed now working towards a part-private sale part-nationalisation of the UK’s 8th largest bank.
More on the Lloyds / HBOS Takeover
Today’s extraordinary developments in UK banking have gradually been unfolding throughout the day, and whilst nothing is yet set in stone, a few more details on the Lloyds TSB / HBOS merger are becoming clearer.
Further Bank Bail-Outs?
So, the U.S. Treasury has decided not to bail-out Lehman Brothers bank, the fourth largest investment bank in the States. It now makes me wonder what our Government would do should one of our big banks threatened to go bust?
Oil Price Dropping, Petrol To Follow?
In between the interesting yet slightly disappointing news about stamp duty and the ominous signs of recession looming comes some slightly better news – oil prices have been dropping a little recently.
Recession Expected This Year, Feels Like It’s Already Here
Whilst most of the headlines yesterday were to do with the changes to stamp duty, one other story stood out – the OECD predicted that the UK economy will go into recession at the end of the year.
Stamp Duty Change Reactions
The big story of the day is the 1-year change to stamp duty announced by the Government.
In a bid to stimulate some interest in the housing market, the lowest threshold for paying stamp duty has been raised from £125,000 to £175,000 until September next year.
Tips For Coping With Redundancy
A recent survey by the TUC suggests that 13% of workers (over 3 million in total) are worried about the threat of redundancy – hardly surprising given all the talk about recession and the current state of the economy.
What can you do to minimise the effects of losing your job?
Stamp Duty Confusion Affects 83% Of Movers
A couple of weeks ago Alistair Darling appeared to suggest there may be plans afoot to change the way stamp duty was charged, causing widespread uncertainty in the housing market as people waited for confirmation.
Are You Feeling The Crunch?
FreeMoneyFinance recently asked are you feeling any economic pain, so I thought I’d look at the same subject from a UK perspective, and poll Money Watch readers on whether you are feeling the effects of the credit crunch yet? When I say crunch here, I’m using the term loosely, as I’m referring to more than […]