The government has announced today that a second bail out for banks is in the works, only three months after the first massive bail out was brought to light that was intended to save the banks and ease the tightening felt by the recession.  The new plan is being hailed as the country’s last option [...]

In an attempt to keep the banks supplying credit to small businesses through the economic downturn, the business secretary, Lord Mandelson has announced that he will be guaranteeing up to £20 billion of small business loans.  Businesses that record sales of up to £500 million will qualify for the newly guaranteed loans.
However, many are criticising [...]