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Bank of England under pressure to cut rates
Business leaders, economists and politicians have all called on the Bank of England to cut interest rates by up to half a percentage point to revive Britain's ailing economy.
 Cut in interest rates expected The Press Association

Germany guarantees all private bank accounts
Germany announced this week that it would guarantee all private bank accounts in Germany, this now means it's joining Ireland and Greece in taking drastic independent action to ward off financial crisis.
 Ireland says not giving assistance to Depfa Bank Reuters

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First-time buyers will purchase property 'in two years'
 Most first-time buyers believe they will need to spend two years saving £19100 before they can buy their first home. A total of 1500 people were surveyed by the Co-operative Bank and Places for People, with over half expressing dismay at having to ...
 FTBs need nearly £20k to buy Mortgage Solutions

London shares rise as HBOS shares rebound
Financial shares bounced in London, buoyed by renewed confidence over takeover of HBOS by Lloyds TSB. By Amy Wilson in London and Richard Spencer in Beijing HBOS shares jumped 21pc, making it the leading FTSE 100 riser, as the Prime Minister and ...
 Lloyds TSB / HBOS shares rebound Financial Times

British ambassador warns against Afghan surge
Britain's ambassador to Afghanistan has warned the international mission is failing and that sending more troops will only make things worse, according to a top-level telegram leaked from Kabul.
 Kabul and the coming chaos guardian

UK Treasury to Protect Bradford & Bingley Deposits
 The UK government will step in to protect Bradford & Bingley Plc depositors, Treasury minister Yvette Cooper said, after a report some form of state take over of the British mortgage lender will ...
 Struggling B&B 'to be nationalised' The Press Association

 

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