The recent woes of Northern Rock (and to a certain extent the earlier panic in the USA) seem to be related to the state of the ‘Sub-Prime Mortgage’ market. ‘Sub-Prime’ seems to be something of a euphemism for ‘mortgages for people that can’t really afford them’ and as the BBC’s investigation seems to indicate, [...]
Posts from ‘September, 2007’
Archbishop defends THE Faith
What a pleasant surprise to find ourselves in agreement with the Archbishop of Canterbury for once! Whilst the arguments around the establishment of the Church of England are complex, if the monarch is to remain the titular head of the Church, that only makes any sense if it is an exclusive claim. Of [...]
