Welcome to the brave new world of nationalised banking After the most dreadful few days on the markets last week it will be back to business this morning though with a huge difference – large sections of the UK banking industry will now find that the government is the biggest shareholder and that they’ve got much more capital to play with. The details, as I write, are sketchy and a formal announcement is expected this morning – but the papers…
This is an original cartoon by Marf for LondonSketchBook.com The spread markets start moving against the Tories There’s been a sharp move back to Labour on the commons seats spread markets where the Tory levels have dropped six seats and Labour moved up the same amount since the weekend. The latest numbers from Sporting Index are CON 344-350: LAB 232-238: LD 43-46 seats. What’s interesting is that this hasn’t been sparked off by any new polls but Brown’s confident public…
This is an original cartoon by Marf for LondonSketchBook.com Can Darling-Brown do anything to restore stability? With a package expected to be announced this evening the big question is whether it will be enough and will bring stability to the financial system. Clearly this has been the most dramatic day so far in the crisis with huge drops in the value of bank shares and hundreds of thousands of UK savers facing big worries after the Icelandic bank, Icesave stopped…
This is an original cartoon by Marf for LondonSketchBook.com
This is an original cartoon by Marf for LondonSketchBook.com Is a Shadow Cabinet re-shuffle the best way to manage a lull? The dramatic return to our shores of Peter Mandelson belies bespeaks a steely pragmatism – that an historic personal conflict has been tossed aside for either the national interest or the benefit of electoral mastery is no meagre move for a man derided as an egotist by his critics. To welcome back ‘the Prince of Darkness’ to the Cabinet,…