All Entries Tagged With: "UK Government"
New Law on Repossessions: Hope for homeowners
Mortgage lenders in Britain will have to abide by new laws according to the Prime Minister, under the new rules the lenders will have to prove that home repossession is only used as a last resort.
The new rules to be introduced are to stop lenders rushing in to repossess homes to allow them to get [...]
Britain already in Recession?
Lord Mandelson the UK Business Secretary has warned a “contraction” was to be expected, but it is impossible to know how long it would last, and that the UK is on the brink of recession.
The news came just before the official figures that will show the first quarter of “negative growth” for over 16 years.
If [...]
Britain gives Landsbanki a £100 million loan
Landsbanki the failed Icelandic bank that was nationalized by the Icelandic government will be given a £100 million bailout from the Bank of England the Chancellor Alistair Darling announced today, to help its British savers to recoup their deposits from the failed bank in Iceland.
Mr Darling has been in talks with the Icelandic Authorities to [...]
Update: Britain in Iceland urgent talks
The UK government has been using anti-terror laws to seize Icelandic assets to pay back British savers, after the near collapse of Iceland and the crash of its banking system caused concern that Iceland will become bankrupt. It was revealed that the British government has seized
Icelandic UK assets frozen as British Authorities to lose £1bn
Prime Minister Gordon Brown announced that he would take further action and seize the assets of Icelandic companies over the collapse of the Island’s banks. After the failure of Lansbanki, Kaupthing and Glitni Kaupthing a diplomatic row has began as it emerged that over 100 local authorities have money in Iceland and they are set [...]
Alistair Darling says he will not raise income tax
As the UK government battle with the effects of the credit crunch and the aftermath of last week’s financial turmoil the Chancellor tells voters that he will not raise taxes, as people were already “hard-pressed”. Alistair Darling also dismissed calls from Labours left wing to a new
Stamp duty suspended for a year on properties costing less that £175,000
The Chancellor Alistair Darling yesterday announced that he will suspend stamp duty on all properties costing less than