Newsletters
Quarterly Newsletter - Spring 2013
The UK economy has been struggling to avoid sliding into a triple-dip recession, and the announcement earlier today that the economy has grown by 0.3% in the first quarter of this year will have been greeted with a huge sigh of relief in the Treasury and among members of the coalition government. However, a 0.3% improvement is not much to shout about, but it will restore some of the confidence whi...read more
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Quarterly Newsletter - Winter 2012
2012 was a glorious year, with Union Jacks and bunting everywhere as the nation celebrated the Queen’s 60 years on the throne, followed by the hugely successful London Olympics and Paralympics. There were so many feel-good factors at home that it was almost difficult to remember that elsewhere in the world, conflicts brought about human suffering on a large scale. ...read more
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Quarterly Newsletter - Autumn 2012
Just after we penned our last quarterly newsletter in late July, European Central Bank President Mario Draghi – or Super Mario, as he is often called – announced that the ECB would do “whatever it takes” to save the euro and thus protect the eurozone from collapse. To be specific, what he actually said was this: “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. An...read more
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Quarterly Newsletter - Summer 2012
Libor – or should that be Lie-bor?Libor, in simple terms, is the estimated interest rate at which banks lend to each other. It comes under the aegis of the Financial Services Authority (FSA) and, more specifically, the British Banking Association (BBA). Various leading banks submit their costs for borrowing unsecured funds to Thomson Reuters (one of the world's leading sources of information for b...read more
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