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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  • User AvatarDavid Garlick 14th Jul - 10:52am
    Item was response to a measure that proposes cutting off one existing supply of care workers whilst offering nothing to bring forward the 'young people'...
  • User AvatarRoland 14th Jul - 10:50am
    @Manfarang - you know how to compliment people! :) The young people of today won’t be getting a state pension until they are 68 years...
  • User AvatarGlenn 14th Jul - 10:49am
    Theakes No, I don't give up ever. I always say, if it looks like a police state, it is one.
  • User AvatarPeter Martin 14th Jul - 10:44am
    "As the UK has a large coastal area, critics have often argued the system is unfair." It's also unfair that the European countries have much...
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    Ruth Bright 14th Jul '20 - 8:42am.............Unimaginative approach on social care from Jardine. These are fulfilling jobs for school leavers here if they are nurtured...
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    "Key sectors like construction and hospitality, already facing enormous challenges, will face staffing shortages." So what? Get with it, and stop being the rah-rah crowd...