Tag Archives: banking

Consumer borrowing jumps to ??732m in May

Unsecured debts have almost doubled, according to the Bank of England, raising concerns that households are borrowing to fund everyday spending The amount of unsecured credit taken on by consumers leapt to ?732m in May, driven by a sharp rise in b… Continue reading

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Behold, the British establishment, panicked – Paul Mason, BBC Newsnight economics editor

The chairman resigns to save the CEO. The CEO makes a public threat to drag the central bank into the mire. And the previous government. And the Treasury. Next morning, the CEO resigns and the chairman re-installs himself to “oversee transition”. … Continue reading

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