Money: Sterling – 30th December 2008

Andy Verity and Mickey Clark present this morning’s business stories, including:
Pound sterling tumbles again we discuss what this will mean for holiday travel. And could the banks be facing another funding crisis this time from commercial property?
Britain’s banks face up to 70 billions pounds of write downs on commercial property loans enough to force some of them into a further round of taxpayer bailouts. That’s according to the investment bank Close Brothers. Yesterday saw another retailer call in the administrators, USC, a clothing chain with 58 stores across the country. We discuss what drove them over the edge.
And finally, the magazine Management Today has just released its list of the top 100 entrepreneurs; we take a look at who has come out on top.

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