Worst of market crisis may be over - Buxton

Buxton believes the Government’s bank rescue plan and the co-ordinated global interest rate cuts may be enough to convince investors systemic failure can be avoided. “After an unbelievably turbulent few days for the UK equity market, we have now received two bits of good news that, together, could potentially mark the turning point in the current crisis,” he says. While Buxton feels the bank bail-out package leaves some uncertainties, he says the plan will restore confidence in the system and protect current shareholders. “Having become rather concerned in recent days about the impact of...