Last Updated Stories in POUND

Sri Lanka imposing tax on humanitarian aids

Sri Lankan government trying to get millions of pounds of humanitarian aid by imposing a 0.9% tax on all the funding for aid groups. Although this was unveiled in 2006, it was not enforced immediately. Now, the...

America! Why are we Bailing you out - The Pound undervalued

Quote from Gordon Brown speech 26 January 2009. “Our banking systems and our national banking systems have been shown to be totally interdependent and interconnected and while the crisis started in the United...

Britain officially enters recession

Todaybthe UK officially entered recession with two straight quarters of negative growth. In the fourth quarter of 2008 the British economy shrank 1.2 percent, its worst performance in three decades. It is the...

Costa's 'costalot' as Spanish tourism hit by crisis

As widely forecast, the current economic crisis and the fall in the value of the Pound Sterling against the Euro has had a severe impact on one of Spain’s largest industries , tourism. The latest figures released by the country’s National Statistics Institute even call...

Pound to Be Left to Its Fate

As the pound continues to plummet, the UK government has announced it will not take steps to prop up the currency and stop its fall. It is expected that shorlty one pound will be worth one euro. The current...

Euro weakens on rate cut evidence

The euro dipped against the dollar and the pound today as currency speculators reacted to an anticipated rate cut by the European Central Bank on january 15. However it is unclear whether the fall is likely to...

‘Expats’ resident on Spain’s Costa’s receive chilling warnings

Beleaguered British Expatriates resident along Spain’s Mediterranean Costa’s are digesting a series of thinly veiled threats and warnings recently issued by a variety of sources. Facing an increasingly bleak future, exasperated by the coldest winter in some forty years...

Brown will force UK banks to pass on full rate cut

After the Bank of England's historic rate cut this week, banks have remained hesitant to pass on the rate cut to loan receivers. Many analysts are saying the current money market situation means it is impossible for the banks to match the base rate. But Gordon Brown is...

10-Pound Hairball Pulled From Girl's Stomach

"An 11-year-old girl in Mumbai, India, was hospitalized with pain in her stomach, and surgeons were forced to operate. What they found was a foot-long hairball. The mass of hair -- known as a trichobozear - -is a...

Pound rebounds despite Osborne's warning

Despite predictions that the British pound would take a sharp fall today because of comments by Tory shadow chancellor George Osborne on saturday, the pound opened trading slightly up against the dollar, causing many to breath a sigh of relief - for now. The pound remained...

Munich Mayor gets case of beermouth

Sometimes it is better for people to think you'r an idiot rather than open your mouth and prove it.  "Last week Beckstein backed off an assertion that some people can drive safely after downing two litres of...

scare story from the UK: There are more than £30m fake pound coins in circul...

LONDON (AFP) - The number of counterfeit one pound coins in circulation has doubled in the last five years, a report by the BBC revealed on Monday. (Advertisement) More than 30 million pound coins -- one in...

Traders Rue the Worst Week in Years in World Economy - "Set To Last Until 2010"

The chief of Halifax Bank of Scotland Group, HBOS, Andy Hornby, in a broadcasted interview, has today announced that the so-called "credit crunch" is set to last "until at least 2010" with continuing crashing...

The Michael Phelps Diet

Don't try this at homeComing in at a mere 12,000 calories ( Yes, Twelve Thousand )"Breakfast: Three fried-egg sandwiches loaded with cheese, lettuce, tomatoes, fried onions and mayonnaise. Two cups of coffee. One...

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