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 …

Posted in Op-eds | Also tagged , , , , , , , , , and | 15 Comments

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

Posted in Daily View | Also tagged , , , , , , , , , , , , , , and | 1 Comment
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Recent Comments

  • User AvatarPaul Barker 6th Dec - 6:37pm
    @Various We have been sliding in The Polls since early October, well before The Campaign began. We seem to have levelled out over the last...
  • User Avatarnigel hunter 6th Dec - 6:13pm
    Yes . It has been a poor campaign. Sliding down in the polls means we are not newsworthy enough,we have been squeezed Johnson and his...
  • User AvatarDavid Raw 6th Dec - 6:12pm
    @ Matthew Huntbach I agree, Matthew. AsCchair of Trustees of a Foodbank, I well know there are plenty of pockets of poverty in the areas...
  • User AvatarRichard Underhill 6th Dec - 6:04pm
    A mole repellant that is proven to actually work. Must be approved by Which magazine and must not be unkind to animals.
  • User AvatarPeter 6th Dec - 5:28pm
    I agree with much of the above, including the comment about the lack of spending by many EU countries. In some ways it is the...
  • User AvatarJoseph Bourke 6th Dec - 5:28pm
    Excuse the plain-speaking by Cullen Roche in his blog https://www.pragcap.com/forum-2/topic/sectoral-balances/ but he does get to the heart of the issue when he says: "MMT mangles...
Tue 10th Dec 2019