Tired of sending a huge chunk of your monthly income to pay the interest on loans while never seeing the principal even budge? Well, the innovative financing company Cash Cow, Inc., is disrupting the traditional lending business by offering principal...
The unthinkable has happened to our fair island and we're not talking about the three consecutive days of sun we've had. The UK has cut the interest rates to 0.25% we hit the streets and asked "normal" people what they thought about the cuts. Mike...
LONDON UK: A new bank has just opened in London. Who owns the bank and who runs it is still a guarded secret. But it is a bank like no other. It has its own pub, massage parlour and meditation room. And boasts a disturbing mural in the foyer depictin...
Ex Government Austerity Minister Sir Peregrine Partridge-Greenwelly has been sectioned under the Mental Health Act of 1983. Sir PG will undergo re-training at a psychiatric hospital in West London following a speech he made in Parliament on Thursday...
The Bank of England is worried about the public's lack of interest in its interest rates. With current rates of interest now at a historic 0.5 per cent low, "people are just not interested," said the Governor. "In fact, the public's level of inter...
The Bank of England has once again left UK interest rates unchanged and announced no expansion to its quantitative easing (QE) programme. Rates have now been held at the current record low for more than three years. "We're just not that bothere...
The Bank of England's Monetary Policy Committee has once again resisted pressure to increase interest rates and so the record low of 0.5%. With all sectors experiencing a slowdown in growth, the MPC decided that it would be counter productive to f...
Based on the continued likelihood of QE3, the following is a satire based on Matthew 18:23-23 Once upon a time, a certain king in a land of ease wished to settle accounts. Usurers who owed billions were brought to him. The Usurers had bribed the gullible into burdensome loans they knew the debtors could not repay. Floundering beneath the loans, the debtors scoured nickels and dimes to pay wha...
The Bank of England today revealed it would cease setting interest rates - with the cost of borrowing set at random. Mervyn King, Bank of England top dog, told reporters outside his West London mansion: "In the current economic environment, if int...
The Bank of England has cut interest rates once again to help to encourage the economy to recover. The cut of 0.00% is seen as a way of cutting the base rate without it going down to zero and punishing lenders. All previous cuts to the interest r...
The Bank of England has signed a £3 million TV deal for exclusive rights for its monetary policy committee (MPC) interest rate decisions. A revamp of the monthly rate decision will see announcements switched from the first Thursday of the month to...
The Bank of England has again cut interest rates to a new record figure. At minus 1.5%, it means that money will, for the first time in banking history, be deducted from savings and investment accounts. Although savers will be adversely affected, t...
In a continued effort to stimulate the economy, the Chancer of the Exchequer has revealed that interest rates will more than likely become negative in the New Year. Speaking at the Annual Wheel Tappers and Shunters Club AGM, held in a Nissan hut a...
In an effort to speed up progress through the looming recession, the Bank of England are set to cut 2% off the base interest rate. Since lending began, the largest ever drop was 1.1% back in 3187 (on the Hebrew Calendar), and this cut dwarfs that.
In an attempt to restore confidence is the US's ailing economy, the Federal Reserve slashed public interest today by reducing the value of everyone's money. And for those Americans who are in debt, the value of the amount of money they owe wi...
Tory leader David Cameron shocked viewers at the Conservative Constitution this morning after unveiling their new plans for student loans.
The brave captain of the Bank of England has grabbed the controls back from a bad person who was steering it towards the rocks while he made a cup of tea.
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