Banks' refusal to lend cash keeps LIBOR rates high.



Three month LIBOR at the time of writing this column is at 6.11% which is over 160 basis points above BBR. Whilst overnight LIBOR is easing since the announcement of the raft of historic measures regarding the ...

Mr Darling goes to Washington and comes up trumps.



Last week will go down as the week when the Government finally ‘got it’. What I mean is that they have finally seen the size of the problem and the devastating effect inaction has so far delivered. ...

Government puts its money where its mouth is.



Government puts its money where its mouth is. Mortgage Strategy: Alan Cleary’s column. At last the Government has backed up all the talk with some decisive action. The announcement of a substantial ...


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