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Bail-out not the solution yet – Urquhart Stewart

Seven Investment Management director Justin Urquhart Stewart believes the Government’s £37bn bail-out does not solve the banking crisis in the UK.

Urquhart Stewart says the move marks “the end of the beginning” and that three specific things will need to be done to resolve the crisis.

“Firstly there will need to be capitalisation, then a transfer of assets from bad to good and then finally a flow of cash and liquidity to effectively create an overdraft facility.

“This is like putting dynamite in the log jam to get things moving, we now have to wait for it to start and for Libor to shift. This is a small injection so you cannot even look at equity markets at present as the primary goal is to solve the massive problems in the banking system.”


Tories play a waiting game

The political consensus on personal accounts is fragile and the Conservatives have been threatening to break it unless a solution to the issue of means-testing is found.

Is it safe?

This week someone sent me a horrible youtube clip from the film Marathon Man – the scene where Dustin Hoffman is being tortured by Laurence Olivier’s psychopathic, nazi dentist.

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]


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