Friday, 24 October 2008
World panic on Freefall Friday ends worst week ever
• 1,048 points - Dramatic fall in the FTSE in just five days
• 21% - Drop in wealth of Britain's top companies
• £250billion - Wiped off the value of your investments
By Becky Barrow and Benedict Brogan
Last updated at 12:56 AM on 11th October 2008
A catastrophic £250billion has been wiped off the stock market in the worst week ever for the FTSE 100.
Political leaders were left looking powerless yesterday as appeals for calm were ignored and 'blind panic' set in on Freefall Friday.
But last night a G7 source told Channel 4 News that there was no chance of other major countries adopting Britain's £500billion plan to prop up inter-bank lending.
• 21% - Drop in wealth of Britain's top companies
• £250billion - Wiped off the value of your investments
By Becky Barrow and Benedict Brogan
Last updated at 12:56 AM on 11th October 2008
A catastrophic £250billion has been wiped off the stock market in the worst week ever for the FTSE 100.
Political leaders were left looking powerless yesterday as appeals for calm were ignored and 'blind panic' set in on Freefall Friday.
But last night a G7 source told Channel 4 News that there was no chance of other major countries adopting Britain's £500billion plan to prop up inter-bank lending.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment