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Banks admit high self-interest rates
As thousands of people today realised that their mortgages are currently costing them more than the value of their house, and as the government was forced to admit that more children and pensioners were living in poverty than this time last year, the financial sector today suggested it might be time ‘to start lending money responsibly.’ Maybe.
Fare play: Customers signal reservations over ticket prices
Plans to ‘simplify’ UK rail fares have drawn criticism from passenger groups after it emerged that train operators were using a little-known eleventh-century definition of ‘simplify’ which means ‘to make more expensive’.
Darling denies downturn: End of the crashless economy?
Chancellor Alistair Darling has attempted to reassure the public that in spite of the woes facing global financial markets, things are still looking up for the UK economy, predicting 'massive growth in the repossession and bankruptcy sector.'
Chilling Threat: Russia turns down heat on Ukraine
Russia finally ended its cutting of Ukrainian gas supplies today after agreeing that, yes, Ukraine could buy the gas at the Russian-proposed four-fold increase in price, even though it had taken a three-day cut in supplies to convince them that this was good value.