Month: June 2012

Spain Denies Bailout Rumours

17:38 Wednesday 6th June 2012
Drive BBC Radio Cambridgeshire

CHRIS MANN: Another busy day in the Eurozone. New rules have been put forward to control the way governments deal with failing banks. The European Commission says regulators should have the power to make shareholders accept responsibility for losses. Meanwhile, the credit ratings of six German and three Austrian banks have been downgraded by the agency Moody’s, and Spain has denied reports it’s seeking an immediate bailout from Eurozone funds, as the financial crisis looks ever more set to engulf that country. Our business reporter Adam Kirtley joined me a short time ago, and first, I asked him if things were any clearer today. Continue reading “Spain Denies Bailout Rumours”

A Message From Stewart Jackson To George Osborne – Cut Taxes

17:20 Friday 1st June 2012
Drive BBC Radio Cambridgeshire

CHRIS MANN: More bad news on the economy. We’re hearing again that figures are getting worse, not better.
STEWART JACKSON: Well I think Chris this is a function as Andrew Lansley said of many things, but principally it’s not a lack of cash, actually, because businesses do have cash. It is about confidence, business confidence to replace machinery, take on new people, build a new factory. And it’s about the European Single Currency, and people are waiting to see what happens. We could be on the precipice of a catastrophic ejection in terms of not only Greece, but Spain, from the Single European Currency. And that has a massive impact. And that’s obviously going to affect exporters. The strength of the pound of course means that people like Perkins Engines, Caterpillar in my own constituency, are suffering a bit of a downturn as a result of that.
CHRIS MANN: Well Andrew Lansley talked of course in detail about the benefits to South Cambridgeshire, particularly in I.T. and electronics down here. But what about in Peterborough? Continue reading “A Message From Stewart Jackson To George Osborne – Cut Taxes”