18 April 2008 Archive

The liquidity crisis and the credit crunch

Ever wondereed how exactly the mortgage market got itself into the current situation? Robyn Hall provides a guide to residential backed securities and why the banks have stopped lending money.

Editor's blog - Falling house prices are not a cause for alarm

Lower house prices need not be the end of the world

The government is apparently guilty of trying to ensnare first-time buyers into negative equity by offering the banks the chance to swap their mortgage backed securities for government backed bonds. Or at least so says Alice Miles in today's Times.

Lib Dems: 5 million to lose out following tax changes

As many as five million Brits could be set to lose out following the government's decision to abolish the minimum ten per cent tax band, argue the Liberal Democrats.

Base rate decision makers "walking a tightrope"

Bank of England defends modest rate cuts

The Bank of England's (BoE) chief economist Charles Bean said the monetary policy committee (MPC) is "walking a tightrope" between supporting the economy and avoiding inflation.

RBS 'planning to ask for £12 billion from shareholders'

The Royal Bank of Scotland, Britain's second largest bank, is preparing to ask its shareholders for billions of pounds in an attempt to improve its finances, reports today claim.

Mortgage lending increases slightly in March

Gross mortgage lending increased fractionally during March, but the long term picture remained grim, according to the latest statistics from the Council of Mortgage Lenders (CML).

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