London Stock Exchange

UK economic

No need to hunt for Red October or Blowing the Dam (and a grossly extended metaphor)
By Justin Urquhart Stewart on 14/10/2008 14:41
So will it work? The truthful answer is that it has to. There is no “plan B”. The rescue package was certainly bold and the internationally co-ordinated interest rate cut a welcome surprise, but will it be enough to start clearing the log jam?

And now the recession – that equity markets are discounting.
By Mike Lenhoff on 10/10/2008 14:00
In less than a month, probably from around the time when Lehman Brothers filed for chapter 11, the character of the credit crisis has changed dramatically. Not only has its chemistry become more pernicious than before but there is also a sense in which its course has been moving to the point of a climax.