Tag Archives: personal debt

Lord (Archy) Kirkwood writes… the challenge of financial inclusion

It is a stark fact that while we are a global leader in financial services, financial exclusion is still rife: some two million adults in the UK don’t have a bank account and an estimated two million people took out a high-cost loan in 2012 as they were unable to access any other form of credit. Nine million have no access to mainstream credit, either because they are unbanked or are not able to access credit facilities through their bank. Meanwhile, the level of unsecured consumer credit has tripled in the past 20 years, reaching a staggering £160.4 billion in 2014 while only 41% of households have savings that could tide them over a period of crisis in their finances.

Posted in Op-eds | Also tagged | 7 Comments

Barclays and the Bank of England: BAD rate-rigging and GOOD rate-rigging

The Barclays rate-rigging scandal has conflated a number of issues — Bob Diamond’s bonus, ‘casino’ banking, failed regulators — making it hard to get behind the media’s shouty headlines to understand the issues which should really concern us. Here’s my brief show-your-working attempt, starting with what Barclays.

What Barclays did right: ‘fess up

LIBOR (London Inter Bank Offered Rate) is the rate at which banks in London lend money to each other for the short-term. It’s used as a proxy measure of market confidence in individual banks, as well as a benchmark for setting mortgage interest rates.

Barclays has admitted filing misleading …

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Daily View 2×2: 2 September 2009

Well, that’s it. August is over, nights are drawing in, it’s downhill to Christmas, and LDV’s daily 2×2 slot that’s more-or-less been on hold over the summer returns to its more-or-less 8am schedule to bring you two top news stories and two must-read blog posts from the world of Lib Demmery.

With just 120 days till the end of the year, 2nd September is the day the Great Fire of London broke out in 1666, the day Thomas Telford died in 1834, and Salma Hayek’s birthday. Happy birthday, Miss Hayek!

Two top stories

PM’s role in release of Megrahi

Gordon Brown

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Recent Comments

  • User AvatarPaul Barker 15th Oct - 8:14pm
    While I understand some of the concerns expressed in this thread I disagree about the threats facing us. Right now, it seems to be that...
  • User AvatarDavid Evans 15th Oct - 7:36pm
    TonyH - It's not tribal to expect senior appointments to be long standing Lib Dems with real knowledge of how the UK political system grinds...
  • User Avatarfrankie 15th Oct - 6:57pm
    They may indeed hang tough for awhile, but as a country we are unused to pain, especially the boomer generation. When bad things happen expect...
  • User AvatarCllr Fran Oborski MB 15th Oct - 6:52pm
    He appears to be a LibDem Member but Id like to know for how long and in which Constituency as I would then like to...
  • User AvatarGuinevere Barnes 15th Oct - 6:00pm
    While much electricity is generated from renewables and nuclear, much is still generated from CC gas turbine plants with an efficiency of around 50% -...
  • User AvatarTonyH 15th Oct - 5:41pm
    His CV is impressive, But it is certainly a concern that he was a Labour SPAD from 2006-9. https://uk.linkedin.com/in/mike-dixon-6252b138 Has he perhaps joined the party...