Banks need to start lending
AIA's chief executive, Philip Turnbull, calls upon UK banks to share the wealth, especially since we paid for it. He also points out that every business saved is a business that does not default on its debts.
So far, UK government has directly invested £50bn into HBOS and RBS by buying up shares to ensure that neither bank shares the fate of Lehmen Brothers. In mid-October a £500bn bailout plan - an amount that equates to £15,770 for every taxpayer in the country - was unveiled in order to put an end to the financial turmoil. It has not worked.
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The Bottom Line: A political masterclass in negotiation
"Some expert politicking and negotiation on the part of Nick Clegg and his team resulted in the new coalition government. Reed Finance's Lynsey Rattigan advises on how to brush up on your own workplace bargaining tactics to your career advantage."