The latest revelations and fines for Barclays on their alleged manipulation of interest rates and potential selling of protection against interest rate rises, could lead to another banking crisis. Some commentators have stated this could be the “tip of the iceberg” with possibly all the major UK and some overseas banks being involved in similar schemes.

The RBS and Nat West “meltdown” of their banking update systems has now focused their shortfalls away from their business customers to the many consumers who have been put in cash flow problems for over a week in some cases.

With the European national debts regularly in the news and the banks lurching from one crisis to another, what chance has business and the wider UK economy of getting out of the double dip recession?