Uncle Spielberg
Well-known member
FTSE down another 4% in 30 minutes to 4400. At this rate alll stock will be worthless in around 2 weeks !.
Darling has announced he will guarantee ALL savings invested with Icesave.
£ 200 billion cash injection into money markets to get the wheels of credit moving without it the economy is finished.
The confidence in the UK banking system is getting damaged beyond repair with reports of people going into High street branches with suitcases and withdrawing all their money in cash to take away and hide somewhere.
Bank of England base rate expected to be slashed by 0.5% tomorrow, great news for tracker rate mortgage holders and if you are thinking of getting a mortgage or re mortgage look at 2 year tracker rates as they will be pulled this week.
Now can the lenders START FECKING LENDING MONEY as their tightness is driving this economy into a deep and long lasting recession with catasclysmic consequences. There is no need to hold all their money back anymore. Darling has guaranteed it more or less at a huge costs to the UK tax payer.
Darling knows if people's jobs are lost and self employed/businesses have their incomes reduced by 50% this year there will be a massive losses of tax income to the government.
I would like to see the lenders get their cheque books out and the cartel of mortagge companies who control and manipulative the mortgage market, Barclays, Abbey, Lloyds and the Nationwide start offering fair rates and lending to 90% again.
Darling has announced he will guarantee ALL savings invested with Icesave.
£ 200 billion cash injection into money markets to get the wheels of credit moving without it the economy is finished.
The confidence in the UK banking system is getting damaged beyond repair with reports of people going into High street branches with suitcases and withdrawing all their money in cash to take away and hide somewhere.
Bank of England base rate expected to be slashed by 0.5% tomorrow, great news for tracker rate mortgage holders and if you are thinking of getting a mortgage or re mortgage look at 2 year tracker rates as they will be pulled this week.
Now can the lenders START FECKING LENDING MONEY as their tightness is driving this economy into a deep and long lasting recession with catasclysmic consequences. There is no need to hold all their money back anymore. Darling has guaranteed it more or less at a huge costs to the UK tax payer.
Darling knows if people's jobs are lost and self employed/businesses have their incomes reduced by 50% this year there will be a massive losses of tax income to the government.
I would like to see the lenders get their cheque books out and the cartel of mortagge companies who control and manipulative the mortgage market, Barclays, Abbey, Lloyds and the Nationwide start offering fair rates and lending to 90% again.
