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Having resigned in disgust over the bankers’ deal with the Government, the Lib Dems’ former Treasury spokesman in the Lords may take on the saintly Vince’s old mantle as the voice of reason and decency on the banks.
No surprise the Bank kept rates at 0.5 per cent. The real question is when the next rise will come. I still incline to November, but May and August are real runners too – all months when the bank publishes fresh inflation and growth forecast and has the opportunity to explain itself.
Meanwhile expect inflation to [...]
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Cheltenham Festival, Ryanair Chase
Back ‘JY Vole’ each way at 16-1 – generally available
There’s no sport to speak of tonight, which gives us a good chance to look ahead to next month’s Cheltenham festival to see if there’s any ante post value. I’ll be there on St Patrick’s Day and the race I’m most looking forward [...]
I saved up this gem for number 500 in the series of Questions to Which the Answer is … Well, What Do You Think? Oliver Kamm spotted it, which is fitting, because I stole the idea for the series from him in the first place (although, as the series started at 94, I should perhaps [...]
Since the London Marathon began in 1981 more than £500 million has been raised for charity through the event. As well as it being an incredible sporting endeavour, the marathon has turned into a significant revenue-generating and promotional opportunity for the third sector. Each year about 13,000 places (of the 36,000) are taken up by [...]
What magic is this? I must confess some disappointment about the lending targets agreed by the Chancellor with the banks. As a gross figure the £200bn target doesn’t make any allowance for firms paying cash back. Thus a net repayment of debt by firms across the economy is perfectly consistent with a large gross target, though admittedly unlikely.
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