The Libor manipulation scandal is remarkable and will have far reaching consequences. If you’ve borrowed money from a bank on Base Rate, you might think you are unaffected. There is often a link between the products sold by banks and Libor – they are often constructed using this rate. If you look more closely at your loan documentation you may …
Category Archive: Economics
We’ve been told today that Deutschmarks are being printed at a secure site in the North of Britain. Presume on the orders of the German government. If we hear more we will post updates.