If the rumours are true the UK government will step in tomorrow morning, before financial markets open, to nationalise the Bradford and Bingley Building Society Bank. In 2006 B&B’s share price was 536p. On Friday at one point it was 18p before finishing the day at 20p.
The credit crunch continues, everyone will be affected by increased fuel prices this winter, none more so than those on low incomes, especially those in colder parts of the UK (eg Scotland). People are worried about their homes, jobs and investments.
In other news the Queen has been looking at designs for a new £7 million jet with special corgi adaptation and has requested more money from the government for the upkeep of seven royal palaces (current budget is £15 million per annum). Prince Andrew’s travel costs last year were £800,000 and the Prince and Princess of Wales chartered a yacht for a Mediterranean cruise at a cost of nearly £250,000.
Having read this post you may wish to click here to invest in your own little piece of the aviation industry.
Filed under: Money and Finance | Tagged: bradford and bingley, credit crunch, paul mccartney and wings, royal family | Leave a Comment »
