Mr. Osborne, Britain's Chancellor, stood in the House of Commons (August 11, 2011), full of pride, to announce to the nation that "Britain is a safe haven for investors". I, for one, am not impressed, nor do I expect most of the British people are, as they struggle to survive the hardships created by the "moneymen" with their casino-type capitalism.
The extraordinary swings in global markets over the last week or so were typified by yesterday's extreme movements - the FTSE100 spent most of the morning up 100 points, before dropping back 40 and then rallying again and more. In the US Dow futures fluctuated over a 300 point range before the open.
REUTERS -- Britain's top share index climbed in early trade on Thursday as bargain hunters scared off in the previous session
PRESS ASSOCIATION -- Chancellor George Osborne is to update MPs on the British economy as turmoil continues on the world's
PRESS ASSOCIATION -- Global stock markets are rallying after moves by the US central bank to give a boost to its struggling
The Bank of England downgraded the UK's growth forecast to 1.4% in 2011 on Wednesday morning, and warned Britons of a "sluggish
The FTSE 100 share index has ended the day up by 1.9% after a volatile day of trading across Europe. Dramatic dips in early
PRESS ASSOCIATION -- The rout of global financial stocks is continuing as panic-stricken European markets followed Wall Street
PRESS ASSOCIATION -- The crisis on the world's financial markets has continued as Asian stocks plunged after a bloodbath