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Northern Rock’s loans – not as toxic as we thought
Some encouraging news today; Northern Rock’s ‘bad bank’ has made a profit. Northern Rock Asset Management (NRAM) is the part of the nationalised bank which held onto all the toxic assets so that the rest of the bank would be free to...
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3 Aug 2010 11:10 AM
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Flip Chart Fairy Tales
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The UK economy – grinding up a long hill in a low gear
A very useful roundup of economic news from Michael Carty this morning. Despite the better than expected results for the UK the overall outlook is gloomy. I know nothing about economics but neither, it seems, does anyone else. It’s become a bit...
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2 Aug 2010 10:03 AM
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Flip Chart Fairy Tales
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Laughing as the storm clouds gather
If you haven’t been following Martin Rowson’s series of political cartoons in the Guardian, you should. They depict David Cameron as a rich Victorian child, Nick Clegg as his Pinocchio puppet and George Osborne as his sneering butler. There...
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1 Aug 2010 6:21 PM
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