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Watching with interest
The Bank of England has slashed interest rates by 1.5%, the largest cut since 1981. The new rate of three percent is the lowest since Elvis Presley sang “Heartbreak Hotel”. This is unprecedented...
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Short of cash? Have some more cheap debt
Do the banks have any moral obligation to hand on the Bank of England’s base rate cut? The Nationwide, HBOS, the RBS/NatWest group and our own Northern Rock have announced that they will pass on the...
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Now the credit crunch has a face
Charles Ponzi is a man you may hear a lot more about over the next few days. In 1918, the broke Italian immigrant noticed a loophole in a Spanish international postal reply coupon that would allow him...
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Save us the history lesson
Whisper it quietly. Shout it from the rooftops. It’s finally here. The word that has been written, reported, blogged and tweeted countless thousands of times since last September finally gains...
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Mandy’s wheels come off
Lords, eh? They know how much things are worth. Take Lord Taylor, yours for a cool hundred grand a year. Today evil overlord Mandelson himself announced a loan scheme for Britain’s – pinch of salt...
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The best things in life are free
Yesterday, as most of Britain frolicked in a winter wonderland, businesses were counting the cost of the heaviest snowfall for almost 20 years. It’s estimated that “snow day” cost Britain in excess of...
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Round the houses
It’s becoming clear that, over the last decade, house prices have been wildly and unsustainable high. The news from Nationwide today that house prices have fallen 18 per cent in the last year is both...
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