Posts Tagged ‘credit crunch’

We are all to blame

We are all to blame

Laying all the troubles of the economy at the feet of our most handsomely-remunerated bankers is all a little too easy. So, in the week that the bonus row flared up again, a little history lesson

Why are the banks not lending ?

Why are the banks not lending ?

The British Bankers Association hasn’t had a good press over the past few years. And today they presented more bad news – revealing that a pitifully small 33,000 mortgages were approved in July, down from 66,000 in July 2006. Many people (politicians / public / mortgage-seekers) express frustration that the banks are simply avoiding loans [...]

A fairer financial system starts on the doorstep

A fairer financial system starts on the doorstep

The UK is alone in Europe in its refusal to guarantee legal access to affordable credit. Without reforms to address financial exclusion, a new international banking system will continue to fail society’s most vulnerable

Checking the storm

Checking the storm

Vince Cable is widely credited with having seen the signs of the current economic crisis before any other politician. In an interview with WalesHome, he explains how it could happen again and what needs to be done to prevent it