Small and medium-sized enterprises (SMEs) are increasingly able to secure bank loans supported by a Government-backed scheme, as lending under the scheme reached its highest level since 2010. Enterprise Finance Guarantee (EFG) scheme lending figures, published today,...
The UK government has “lost patience” with austerity, and with a general election two years away, has abandoned it in favour of a new bout of debt creation, “tempting consumers to leverage their balance sheets into a new housing bubble,” suggests Trevor Greetham of...
In some countries – Argentina, Hungary, Portugal – governments have already expropriated private-sector pension funds as a means of dealing with serious financial problems. There are “warning tremors” that such policies of seizure could spread to developed...
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