City Republic: UK tumbles into recession
12 Nov 2008 | by Stephen Foster
LONDON - Unemployment soars, Virgin and Yell lead job losses and US car giants plead for financial bailout money.
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LONDON - The upside of the G20 global gathering, US car makers teeter on the brink, Stelios makes his move at EasyJet.
LONDON - Unemployment soars, Virgin and Yell lead job losses and US car giants plead for financial bailout money.
LONDON - It's like 'Braveheart' all over again with Scottish bankers surging over the border to waste the English who are determined to remove one of the remaining planks of the Edinburgh financial establishment.
LONDON - Stock markets around the world anticipated and then responded to Barack Obama's election as US president with something approaching euphoria.
LONDON - Tory business policy in disarray, car meltdown, Yahoo! back on the takeover agenda and bank deals may still unravel.
LONDON - After record rises across the world as the 'Brown Plan', as no doubt our prime minister would like it to be called, is rubber stamped more or less everywhere, stock markets are facing up to recession.
LONDON - And let's hope the damned thing works. The Government is going to make around £50bn available to British banks and building societies to allow them to rebuild their capital and start lending again, writes Stephen Foster.
LONDON - US shares rebounded yesterday after Monday's 7% fall in the Dow Jones and now all eyes are on the Senate which votes on the $700bn bank bailout plan later today.
LONDON - The nationalisation of Bradford & Bingley means that the great demutualisation experiment with building societies turning into banks which began with Abbey National in 1989 is over.
LONDON - The drama in financial markets is getting more like an old-style western every day with the besieged garrison of Fort Wall Street running out of ammunition as the Native Americans close in, writes Stephen Foster.