Tag Archives: £50 notes

Stacy Summary: Despite the ‘recovery,’ it sure seems like there is an awful lot of panic and scrambling going on in the background.  Rats abandoning ship; hoarding of £50 notes; Saudis not playing the foreign creditor game . . .

• Demand for £50 notes ‘fuelled by lack of faith in banks”

• UK anger that two defaulting Saudi conglomerates favoring local creditors over foreign

• Revenue targets firms that relocate to avoid UK tax