The runaway inconsistencies of the Labour government’s handling of the economic crisis in Britain are truly terrifying. Last week, they began printing money to buy back debt they themselves have issued, a process I described as like a snake eating its own tail. Technically, this is considered ...

Everyone seems to be struggling for money right now, don’t they? Everywhere you turn. There’s nothing more isolating than discovering you’ve got no money, or not enough money to get you through to pay day if you’re lucky enough to have a job. But remember, the very rich are f...

Hold the front page! The printing presses are rolling and will not stop any time soon. The Age of Quantitative Easing has begun in Britain, and true to our swashbuckling past, it’s the real thing. Fiddlesticks to purchasing assets by issuing gilt-edged bonds that add to the National Debt. That...

As banking heavyweights like Royal Bank of Scotland and Lloyds Banking Group topple like dominos it is easy to forget Northern Rock the Newcastlebased middleweight with which the crisis began....

The British economy is likely to perform worse than the Bank of England expects and will probably require further action from the monetary policy committee to push inflation back up to its 2% target in the medium term, deputy governor Charles Bean said today. Bean told a National Farmers Union confe...

It's hard to see who will benefit from last week's interest rate cut. Whenever rates move either up or down there are always winners and losers but this time round the winners are hard to spot....

Bankers would face a £25,000 cap on cash bonuses under plans being examined by the Treasury last night in a bid to silence the public outcry over the City's culture of huge rewards and dangerous risk-taking. But the move to stifle growing anger over bonuses at the Royal Bank of Scotland was in dang...

The Bank of England decided to lop another 0.5% off the base interest rate taking it to a low of 1%. Sadly, I don’t think this is going to have much of an effect in helping the economy to recover. Money isn’t expensive, it’s just hard to get hold of. Lowering the interest rates to ...

Britain's battered banks have borrowed a total of £185bn from the Bank of England in just nine months under the Special Liquidity Scheme, the emergency measure set up last April to relieve them of some of their toxic debts and unblock the credit markets. The SLS, which was designed to remove the ne...

Bank of England Governor Mervyn King said today that he would use taxpayers' money to buy £50bn worth of corporate bonds and other assets in a desperate bid to get credit flowing again. However, if the Bank wants to carry out full-blown quantitative easing, it will have to ask the chancellor's perm...