What is LIBOR?
LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other. Unlike the Bank
What is quantitative easing?
Quantitative easing (QE) is the Bank of England’s scheme to boost the economy by buying government debt. Essentially the Bank
What is a gilt?
A gilt is essentially a loan to the UK government. An investor in a gilt is essentially giving a loan
UK economy slides back into recession
The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.
What is a recession?
A recession is defined as when there are 2 consecutive quarters where gross domestic product (GDP) falls. (This fall is