Tag Archives: personal debt

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

By Lord (Archie) Kirkwood | Wed 3rd December 2014 - 4:34 pm

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 universal credit | 7 Comments

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

By Stephen Tall | Wed 4th July 2012 - 11:15 am

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 …

Posted in Op-eds | Also tagged bank of england, banking, barclays, bob diamond, economy, eddie george, featured, libor, mervyn king, national debt and paul tucker | 15 Comments

Daily View 2×2: 2 September 2009

By Alex Foster | Wed 2nd September 2009 - 8:00 am

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

…

Posted in Daily View | Also tagged abdelbaset ali al-megrahi, anders hanson, andrew reeves, ann widdecombe, bernard hogan-howe, darrell goodliffe, david miliband, economy, gordon brown, great fire of london, jane watkinson, libya, paul holmes, rational liberal, salma hayek and thomas telford | 1 Comment

Op-eds

Pest control and security cameras (Mary Reid)
That NATO Summit discord, in context (Paul Reynolds)
The Daily Mail could end Brexit (John King)
The Lib Dem pitch to the rural left (Oliver Craven)
Lord Paul Tyler writes… Voting tactically to end tactical voting (Paul Tyler)

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Tag Archives: personal debt

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