Global Meltdown Glossary #6: Double Dip
Britain is on the verge of a double dip recession. It’s the classic story of a dysfunctional rebound romance, writes Gareth Allen, and Dave’s the lucky guy.
Global Meltdown Glossary #5: Consumer Prices Index
The latest edition of TCI’s guide to the end of the world covers George Osborne’s latest wheeze to kick you while you’re down.
Global Meltdown Glossary #4: Corporation Tax
One of the central points of George Osborne’s budget was an incremental reduction in the headline rate of Corporation Tax from its current level of 28%. It will drop to 27% in April 2011, and then 1% more in each of the following three years until it reaches 24% in 2014. Osborne trumpeted this in [...]
Global Meltdown Glossary #3: Offshore Trusts
The world may be collapsing, but as long as the Cayman Islands are still around, the super-rich will be avoiding tax.
Global Meltdown Glossary #2: Naked Short Selling
Our guide to the impending financial apocalypse gets saucy as Angela Merkel bans nakedness.
Global Meltdown Glossary #1: Short Selling
Your bluffer’s guide to the world of high finance begins with a simple definition of short selling. Involving sugar. And champagne.