Tag Archives: banks

Sharon Bowles

Sharon Bowles MEP writes: New EU rules make a more secure, sustainable and transparent banking system

By Sharon Bowles | Wed 17th April 2013 - 12:30 pm

Yesterday the European Parliament passed a historic package of financial legislation following almost two years of negotiations. The most widely publicised aspect of these new rules is the cap on bankers’ bonuses, introduced in an amendment by the European Parliament and supported by Lib Dem MEPs. As well as the moral justifications, there are many good rational reasons for the cap. Significantly, it will realign the bonus to salary ratio to more reasonable proportions, thus reducing the kinds of excessively risky behaviour which contributed towards the financial crisis. It is important for banks to show restraint and take a more …

Continue reading »
Posted in Europe / International and News | Also tagged and | 15 Comments
David Thorpe

Opinion: Radical action need to remedy the economy’s woes

By David Thorpe | Tue 11th December 2012 - 9:32 am

While the Chancellor’s direction of travel in relation to tackling Britain’s economic challenges is improving, his current approach will leave Britain feeling like Sisyphus, labouring hard to push a rock up a hill but never quite feeling secure that it won’t come crashing back down, destroying the hard work already undertaken.

But just as Sisyphus continued to focus on the mechanics of getting the rock up the hill, rather than indulge in any broader experiment to escape his predicament, Osborne toils at the seams of Britain’s economic malaise.

The Chancellor happily wallows in the Bank of England’s myth that giant infusions of credit from Quantitative Easing and the ‘Funding for Lending’ schemes, are any sort of remedy to Britain’s economic woes.

Continue reading »
Posted in Op-eds | Also tagged | 16 Comments
Caron Lindsay

Vince v Osborne – the battle for RBS’s future

By Caron Lindsay | Thu 2nd August 2012 - 2:26 pm

The future of the Royal Bank of Scotland is back in the headlines today.

The Financial Times reports that ministers are discussing buying the remaining shares in RBS, bringing it fully under state control. This would allow them to force it to lend more to viable small and medium-sized businesses  without having to worry about other shareholders challenging such a direction in the courts.

The Guardian reports that Liberal Democrat   Vince Cable is the driving force behind this plan. He believes that it’s the only way to get money to businesses.

What we do know, and Vince Cable confirmed when taking …

Continue reading »
Posted in News | Also tagged , and | 18 Comments



Recent Comments

  • User Avatarstephen johnson 21st May - 10:46am
    The voting system influences how people vote. Under FPTP, a protest vote is usually simply that, with little direct consequence. It would be interesting to...
  • User AvatarRichard Gadsden 21st May - 10:45am
    The BHA amendment is a bit of a mess, actually. English law grants the right to conduct marriages to buildings, not to people. There is...
  • User Avatararnieg 21st May - 10:38am
    Eleven! - very disappointing, I expected a few but this is many more than anticipated. And I am very unhappy that the eleven have chosen...
  • User AvatarChris_sh 21st May - 10:09am
    @Ian Sanderson (RM3) He denied it and stated that he was considering legal action (not sure who against though?).
  • User AvatarGrammar Police 21st May - 9:58am
    @Chris - try Lillian Ladele, Islington Registrar http://www.bbc.co.uk/news/uk-19467554