The Telegraph

Bank of England chief Mervyn King:
standard of living to plunge at fastest rate since 1920s

Households face the most dramatic squeeze in living standards since the 1920s,
the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again.

Families will see their disposable income eaten ( Read more... )

( Much of what investment bankers do is socially worthless. )

G-20 Protesters Break Into Royal Bank Of Scotland In London
LONDON - G-20 protesters clashed with riot police in downtown London on Wednesday, breaking into the heavily guarded Royal Bank of Scotland and smashing its windows. Earlier, they tried to storm the Bank of England and pelted police with eggs and fruit ( Read more... )

Financial Times:UK interest rates cut by half a point to 1%The Bank of England’s monetary policy committee on Thursday cut its key interest rate by a widely-expected half a percentage point to 1 per cent ( Read more... )