Bad news comes late, early news is good. We should be worried therefore that there is talk of delaying the UK Budget until April.
(more…)

The Treasury has got confused between saving banks and saving the banking system. It should seize outright control of the worst banks simply to ensure it reaps the reward of saving them.
(more…)

The latest recapitalisation of Britain’s banks offers the chance to right one of the wrongs of the past rescues. There is the opportunity to offer beleaguered savers a decent return on their cash.
(more…)

If City shareholders really believe in pre-emption rights they will continue to oppose Barclays’ capital issue. While the institutions are now being offered a share, private investors remain excluded.
(more…)