Posts tagged ‘credit crunch’

Mortgage lenders accused of using repossession as a ‘first resort’

A committee of MPs has said that “many sub–prime, specialist and second charge lenders” are using repossession not as a tool of last resort, but instead of first resort.

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Continue Reading August 17, 2009 at 6:40 pm 3 comments

EU spending on agriculture not economic recovery

A committee of peers has criticised the European Commission for spending too much money on agriculture.

Continue Reading August 8, 2009 at 12:57 am Leave a comment

Financial Services Authority “failures” over collapse of Dunfermline Building Society

The Financial Services Authority did not issue clear warnings to Dunfermline Building Society (DBS) about the dangers of commercial lending, a committee of MPs has said.

Continue Reading August 3, 2009 at 2:28 pm 1 comment

Committee calls for evidence from small business on government’s credit scheme

A committee of MPs has asked small and medium size enterprises to provide evidence on the way in which banks have used the Enterprise Finance Guarantee (EFG) scheme.

Continue Reading July 27, 2009 at 2:57 pm Leave a comment

Long-term decline of UK manufacturing ‘not as bad as other countries’

Last week the House of Commons discussed UK manufacturing.

Continue Reading July 15, 2009 at 12:59 am Leave a comment

Chancellor: reform of financial system will “rebuild for the future”

The Chancellor of the Exchequer Alistair Darling told MPs today that he intends to reform and strengthen the UK’s financial system and “rebuild it for the future.”

Continue Reading July 8, 2009 at 5:43 pm Leave a comment

MP attacks high-street banks’ “penchant” for imposing unfair charges

Labour MP Tom Clarke (Coatbridge, Chryston and Bellshill) has called for an end to “financial injustice perpetrated by the power of banks against individual consumers.”

Continue Reading July 3, 2009 at 12:37 pm 1 comment

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