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Glossary

September 2022

  • Kwasi kwarteng chancellor in a train station

    Bond yields and doom loops: glossary of key terms to explain UK turmoil

    Your one-stop shop for all the jargon you’ve been reading since Kwasi Kwarteng’s mini-budget

March 2016

  • Number 11 Downing Street

    From Google tax to the welfare cap: a budget glossary of the key terms

    Our guide to what it all means in the chancellor’s budget

December 2011

  • Business glossary: Mezzanine financing

    Mezzanine financing is an alternative for companies that have reached the limit on bank borrowing capacity and prefer not to issue new equity

February 2011

  • Stagflation

    A term coined in the 1970s for the twin economic problems of stagnation and SEE inflation.

October 2010

  • Capital ratios - tier one and tier two

    A measure of a bank's capital strength used by regulatory agencies

March 2010

  • A pint of beer

    Budget 2010: Glossary of key terms

    From a bankers' tax to fuel duty to pension credits – key terms likely to come up in Alistair Darling's budget

January 2010

  • Glass-Steagall Act

    A ground-breaking piece of legislation that prevented commercial banks which took deposits from embarking on risky trading activities

December 2009

  • Alistair Darling pre budget report 2008

    Pre-budget report: Glossary

    The key terms expected to come up as chancellor Alistair Darling delivers his pre-budget report

October 2009

  • Q&A: what is GDP and why does it matter?

    Gross domestic product (GDP) is a key government statistic and provides a measure of the UK's total economic activity

June 2009

  • Profit Participating Deferred Shares

    Profit Participating Deferred Shares (PPDS) are capital instruments that building societies will be able to issue to strengthen their balance sheets

February 2009

  • Treasury asset protection scheme

  • Tangible Common Equity ratio

January 2009

  • Quantitative easing

    Quantitative easing is what non-economists call 'turning on the printing press'

  • Ponzi scheme

  • Zero interest rates

  • Chapter 11 bankruptcy

  • Administration

November 2008

  • Deflation

  • Purchasing power parity

October 2008

  • Golden Rule

    Gordon Brown committed the Labour government to keeping the books balanced by only borrowing to invest over the lifespan of an economic cycle

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