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Gordon Brown Holds Crunch Talks With Bank Chiefs At Downing Street

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  • Gordon Brown Holds Crunch Talks With Bank Chiefs At Downing Street

    Gordon Brown has told Sky News: "I am making the right long-term decisions for the country," amid mounting criticism over Labour's handling of the economy.

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  • #2
    Brown blames banks for the credit crisis as he warns of tough times ahead

    Gordon Brown was today trying to pin the blame for the economic downturn on financial institutions. At a private meeting at Goldman Sachs in London this afternoon the Prime Minister was due to say that inadequate banking practices are to blame for gloom in the markets

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    • #3
      Brown promises help at No 10 meeting with bank chiefs

      Downing Street today promised further action to help borrowers as new figures showed that house prices are falling at their fastest rate since records began 30 years ago

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      • #4
        Brown to meet Wall Street bankers

        UK Prime Minister Gordon Brown, who has arrived in the US, will urge Wall Street bankers to come clean.

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        • #5
          Halifax increases mortgage rates for second time in two weeks as Bank reveals plan to

          Halifax, Britain?s biggest mortgage lender, will hit homeowners with its second increase in mortgage rates in less than a fortnight. The two increases will add more than £1,000 a year onto a typical £158,100 loan, piling the pressure onto cash-strapped homeowners

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          • #6
            Government plans to help UK banks

            The UK government is to rescue the mortgage market by letting banks swap housing debt for government bonds.

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            • #7
              Bank of England poised for action to ease mortgage market misery

              Ground-breaking plan aimed at easing the gridlock in mortgage markets is being finalised by the Bank of England and Treasury

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              • #8
                Jeremy Warner's Outlook: Historic banking bailout will carry a heavy price. More regu

                Not long to go now before plans for the biggest government bailout of the UK banking system in history emerge blinking into the cold light of day.


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                • #9
                  Banks boosted by hopes of bailout deal

                  UK bank shares surged yesterday on hopes of a package to unfreeze interbank lending after the banks' meeting with the Prime Minister on Monday.


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                  • #10
                    Banks £40bn taxpayer-funded rescue plan branded a 'reward for failure'

                    A massive bail-out of struggling banks is being considered by the Government. A deal to lend financial institutions up to £40billion could be in place as early as next week

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                    • #11
                      Bank draws up plan to relieve loans crisis

                      An intervention aimed at breaking the credit log-jam by allowing banks to swap their mortgage-based assets for government bonds is being drawn up by the Bank of England.


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                      • #12
                        Banks £40bn taxpayer-funded rescue plan branded a 'reward for failure'

                        A massive bail-out of struggling banks is being considered by the Government. A deal to lend financial institutions up to £40billion could be in place as early as next week. But the plan has been branded 'a reward for failure'

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                        • #13
                          Banks in line for £40bn bail-out - paid for by the taxpayer

                          A massive bail-out of struggling banks is being considered by the Government. A deal to lend financial institutions up to £40billion could be in place as early as next week. But the plan has been branded 'a reward for failure'

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                          • #14
                            Government may take on bank mortgages to ease lending gridlock

                            Ground-breaking plan aimed at easing the gridlock in the mortgage markets is being finalised by the Bank of England and Treasury

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                            • #15
                              Positive reaction to banks plan

                              A forthcoming government plan to ease the log-jam in the mortgage market receives a guarded welcome.

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