Do we need a rescue plan to save our economy?
As stock markets around the world collapse, how should we fix the economy? Graham Stewart takes your calls, texts and emails.
As stock markets around the world collapsed yesterday, the Chancellor last night convened an emergency meeting with some of our biggest banks. The government is poised is to use 拢50bn of taxpayers' money to invest in the banks; in effect part-nationalising them. But, according to the 麻豆官网首页入口's business editor Robert Peston, the banks were disappointed that Alastair Darling failed to present a proper rescue plan.
Should we bail the banks out? Or should we be as sceptical as the American public have been about their rescue plan? And with businesses this morning warning that we're already in recession, should the government over-rule the Bank of England and cut interest rates?
Graham Stewart takes your calls, texts and emails.
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- Tue 7 Oct 2008 09:05麻豆官网首页入口 Radio Scotland