Friday, January 11, 2008

LIBOR jitters and small businesses fears

Reuters reports jumps in the one and three month Libor interest rates signalling more financial storms ahead for sterling, read here. Meantime the pound crashes to a new record low against the euro at 75 pence following weak manafacturing figures although such activity now only accounts for 15 per cent of this once mighty industrial economy. Small businessmen are surely right to be demanding their promised referendum on the EU Treaty, a report on that is linked here.


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