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Tories plan to monitor UK debt

The Conservative Party has unveiled its proposals for overcoming the current financial crisis which include giving the Bank of England more power to monitor the country’s debt.

The plans would also allow the BoE to step in and reconstruct struggling banks where necessary.

In addition, the Conservatives would create an Office for Budget Responsibility to monitor and oversee the Treasury and state spending.

Speaking at the annual party conference in Birmingham yesterday David Cameron, leader of the Conservative party, says: “My message to Gordon Brown is this. You’ve had your boom and your reputation is now bust.”

Yvette Cooper, minister for the Treasury, has branded the Conservative banking plans as “incoherent and irresponsible”.


GEMHL to close Wolverhampton facility

GE Money Home Lending is set to close its office in Wolverhampton as a result of the current volatility in the market.

CML gives up on predictions

The Council of Mortgage Lenders is refusing to make any predictions regarding mortgage lending for the time being.


Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy


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