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	<title>financial news &#187; Ben Bernanke</title>
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	<link>http://www.financial-news.org.uk</link>
	<description>Bringing you all the news on the current credit crises</description>
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		<title>Iceland strikes back.</title>
		<link>http://www.financial-news.org.uk/iceland-strikes-back/</link>
		<comments>http://www.financial-news.org.uk/iceland-strikes-back/#comments</comments>
		<pubDate>Fri, 16 Apr 2010 15:45:10 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1758</guid>
		<description><![CDATA[
Airports in the U.K. and northern Europe shut down as a cloud of volcanic ash swept south from an eruption in Iceland, disrupting travel for thousands of people booked on flights with British Airways Plc and other carriers. According to flight-control organization National Air Traffic Services, U.K. airspace will continue to be closed till the [...]]]></description>
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		<title>Royal Bank of Scotland shows a rise of twenty billion in profits from 2008.</title>
		<link>http://www.financial-news.org.uk/royal-bank-of-scotland-shows-a-rise-of-twenty-billion-in-profits-from-2008/</link>
		<comments>http://www.financial-news.org.uk/royal-bank-of-scotland-shows-a-rise-of-twenty-billion-in-profits-from-2008/#comments</comments>
		<pubDate>Fri, 26 Feb 2010 17:53:30 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/royal-bank-of-scotland-shows-a-rise-of-twenty-billion-in-profits-from-2008/</guid>
		<description><![CDATA[
 That would make for very good news if only the Royal Bank of Scotland (RBS) hadn&#8217;t succeeded in making a loss of &#163;24.3 billion shortfall in 2008. For 2009 RBS has announced losses for 2009 of just &#163;3.6 billion after losing their struggle to recover billions of pounds of bad loans. Considering that city [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Brown and Darling face a dilemma.</title>
		<link>http://www.financial-news.org.uk/brown-and-darling-face-a-dilemma/</link>
		<comments>http://www.financial-news.org.uk/brown-and-darling-face-a-dilemma/#comments</comments>
		<pubDate>Wed, 09 Dec 2009 10:59:48 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1614</guid>
		<description><![CDATA[
U.K. Prime Minister Gordon Brown said Monday that his government has identified billions of pounds in additional efficiency savings in the public sector to help pare the country&#8217;s record deficit. Mr. Brown said the government can deliver &#163;12 billion ($19.7 billion) in efficiency savings over the next four years, an increase on the target &#163;9 [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1614</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>Brown to ask his colleagues to hang back.</title>
		<link>http://www.financial-news.org.uk/brown-to-ask-his-colleagues-to-hang-back/</link>
		<comments>http://www.financial-news.org.uk/brown-to-ask-his-colleagues-to-hang-back/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 16:45:17 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1590</guid>
		<description><![CDATA[
In the Queen&#8217;s speech to be made today, Gordon Brown is expected to emphasize the need for fiscal discipline as the UK seeks to extricate itself from the current financial downturn, and catch up with the rest of the major global economies who have already done so. At the heart of his message will be [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1590</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Its Lehman Brothers day &#8211; a time for financial contemplation.</title>
		<link>http://www.financial-news.org.uk/its-lehman-brothers-day-a-time-for-financial-contemplation/</link>
		<comments>http://www.financial-news.org.uk/its-lehman-brothers-day-a-time-for-financial-contemplation/#comments</comments>
		<pubDate>Wed, 16 Sep 2009 11:53:39 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1450</guid>
		<description><![CDATA[
It was a day for financial contemplation on Tuesday as the first anniversary of Lehman Brothers filing for Chapter 11 bankruptcy protection in the early hours of 15 September 2008 was marked, not quite by a minute&#8217;s silence but by many hours of contemplation of who the World&#8217;s financial systems almost went into meltdown. 
Following [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1450</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Personal debt in the UK has reduced for the first time since 1993.</title>
		<link>http://www.financial-news.org.uk/personal-debt-in-the-uk-has-reduced-for-the-first-time-since-1993/</link>
		<comments>http://www.financial-news.org.uk/personal-debt-in-the-uk-has-reduced-for-the-first-time-since-1993/#comments</comments>
		<pubDate>Fri, 04 Sep 2009 08:49:42 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1419</guid>
		<description><![CDATA[
A recent report from the Bank of England has revealed that the total amount of personal debt in the UK is lower than it has been for more than 16 years, and probably even more, as that was when records first began. 
Factors such as rising unemployment and the economic downturn have caused UK consumers [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1419</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Chelsea Building Society victims of multi-million pound fraud</title>
		<link>http://www.financial-news.org.uk/chelsea-building-society-victims-of-multi-million-pound-fraud/</link>
		<comments>http://www.financial-news.org.uk/chelsea-building-society-victims-of-multi-million-pound-fraud/#comments</comments>
		<pubDate>Mon, 24 Aug 2009 10:53:27 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1387</guid>
		<description><![CDATA[
Officers in charge of the Chelsea Building Society held their head in their hands on Friday as they sheepishly admitted that the society had fallen victims to &#163;41 million fraud by some of their buy-to-let borrowers.
The Chelsea, UKs fifth-largest building society, hastened to explain that if the fraud hadn&#8217;t taken place their half year loss [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Fears of a return to credit card defaults sweep the UK.</title>
		<link>http://www.financial-news.org.uk/fears-of-a-return-to-credit-card-defaults-sweep-the-uk/</link>
		<comments>http://www.financial-news.org.uk/fears-of-a-return-to-credit-card-defaults-sweep-the-uk/#comments</comments>
		<pubDate>Tue, 28 Jul 2009 11:22:19 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1309</guid>
		<description><![CDATA[
Signs are beginning across the Atlantic that consumers are beginning resurrect the practice of borrowing their way out of trouble. A recent surge in consumer debt defaults in the US could well spread to the UK, according to a recent report issued by the International Monetary Fund (IMF). 
The IMF have forecasted that of the [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Britain forced to borrow more as tax revenue slumps.</title>
		<link>http://www.financial-news.org.uk/britain-forced-to-borrow-more-as-tax-revenue-slumps/</link>
		<comments>http://www.financial-news.org.uk/britain-forced-to-borrow-more-as-tax-revenue-slumps/#comments</comments>
		<pubDate>Thu, 23 Jul 2009 09:32:08 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1300</guid>
		<description><![CDATA[
One of the most painful aspects of the long drawn out economic slump is the effects that it has had on UK tax revenues. In June, Britain reported its highest budget deficit for a month for sixteen years, a massive 13 billion pounds, which was an increase of almost 50% from the same month in [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>“Pass the bailout or the market will tumble 3000 points!” It tumbled anyway&#8230;what does that mean?</title>
		<link>http://www.financial-news.org.uk/%e2%80%9cpass-the-bailout-or-the-market-will-tumble-3000-points%e2%80%9d-it-tumbled-anywaywhat-does-that-mean/</link>
		<comments>http://www.financial-news.org.uk/%e2%80%9cpass-the-bailout-or-the-market-will-tumble-3000-points%e2%80%9d-it-tumbled-anywaywhat-does-that-mean/#comments</comments>
		<pubDate>Sat, 11 Oct 2008 11:02:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://financial-news.org.uk/?p=213</guid>
		<description><![CDATA[This was the threat that Henry Paulson and Ben Bernanke delivered to congress to try and squeeze the bailout through the tightest of holes&#8230;and they failed the first time. With a little elbow grease, some palm grease and a noose to scare people with, they got it through the second time. Phew bill passed, the [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=213</wfw:commentRss>
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