Latest: BankProfits
What does a rubber duck have to do with Barclays?
Well yesterday, everything.
As shareholders gathered for Barclays Annual General meeting they were greeted by a couple of jaunty bankers swigging champagne whilst relaxing in a bath full of money. Why were they there? To highlight the fact that Barclays and the banking sector are still getting ‘filthy rich’ at our expense.
Whilst the UK public is suffering from job losses...
By former Conservative MEP Margaret Daly
The recession may be technically over but my concern is that the current austerity orthodoxy may be too narrowly focused.
Let's face it, the old status quo failed and was abused by the financial few at the expense of national exchequers and the tax-paying many. It's time to look at the wider issues behind the financial crisis and reflect on what radical new financial structures...
We're often told (by people not usually known for their compassion towards the poor old workers) that a Robin Hood Tax would hurt pensioners by eating away at the value of pension funds. It's nonsense, as several very detailed research papers produced by international pension experts have shown. Financial Transaction Taxes would have little impact on pension funds compared with the management fees that finance houses charge (if those city traders really...
It would be hard to ignore the banking scandal that has hit the UK this week. Following the revelation of fixed Libor interest rates and the resignation of Barclays CEO Bob Diamond, the important question of how to make sure bankers don’t get away with socially irresponsible behaviour is all over the headlines.
When Sherwood heard about the proposed Treasury Inquiry into Barclays, we quickly donned our hats and headed down to Parliament where...
