Monthly archive for June 2012

via Chancellor shores up the banks with £100 billion | The Times. Britain’s stricken economy was thrown a lifeline of at least £100 billion yesterday as the Government scrambled to prevent a new credit crunch. In the most significant response to date to the threat of a euro breakup, the Chancellor and the Governor of the Bank of England offered tens of billions of pounds to banks to boost lending and help the sector to protect itself against a Greek exit. George Osborne said that the move proved that Britain was