British Prime Minister Gordon Brown is going on a stimulus tour. In an effort to get a global consensus or a multi-national fronted thrust for greater fiscal stimulus and better financial regulation, the Prime Minister is calling on heads of states to follow his and US President Barrack Obama’s example. Just like President Obama, Brown believes that more spending and perhaps a sustained fiscal stimulus will help solve the economic crisis or at least minimize the effects of it on the people. ... Read More

The largest banking entities in Britain succumbed once again to the worsening economic woes of the country. UK shareholders are in deep trouble and anxiety as to what happens next or how the crisis can be addressed. No matter where we look, it is very clear already that the country is in recession. British Prime Minister Gordon Brown is initiating another package which guarantees £100 billion of new lending. Last years proposed aid ended up a big failure. But experts believe that the ... Read More