It is now the 10-year anniversary of when, in early October 2007, the S&P 500 Index hit what was its highest point before losing more than half its value over the next year and a half during the global financial crisis. Over the coming weeks and months, as other anniversaries of major crisis-related events pass (for example, 10 years since the bank run on Northern Rock or 10 years since the collapse of Lehman Brothers), there will likely be a steady stream of retrospectives o
City dwellers save with car share
Car share clubs and service are attracting growing numbers of users, says the Sunday Times, as people realise just how much running a car costs.
It compares the typical cost of a car share club at £1,500 a year against the cost of running a three-year-old second-hand car of £2,600 a year. For younger drivers, the high cost of annual motor insurance adds to the attractions.
London lockout for first-time buyers
Four out of five first-time bu
Venture capital schemes: changing gear? A consultation paper issued in August could mean changes to venture capital schemes. At the start of the holiday season the Treasury issued an open consultation paper entitled “Financing growth in innovative firms”. Its focus was on what has become known as ‘patient capital’, which the Treasury defined as “long-term investment in innovative firms led by ambitious entrepreneurs who want to build large-scale businesses”. The paper conside