Brown's spend, spend, spend during his Chancellor's days has brought us into the current economy we are facing today. His appeal at a Downing Street meeting for the lenders to pass on cuts appeared to fall on deaf ears with HBOS, which owns the Halifax, increasing its rate on some mortgages from 6.09 to 6.59 per cent. Borrowers taking out this type of deal will now pay 46 more a month. On a two-year tracker, the rate will increase from 1.49 points above base rate to 1.99 points, giving a current rate of 6.99 per cent.

Other lenders are expected to follow Halifaxs lead.

If the Government wants the banks to lower mortgage rates to home owners - why not just offer them through Northern Rock? Everyone would rush to the Rock to get the loans forcing banks to match the rates or lose the business? Or maybe the government would then run into bigger credit crunch?

yes, labour support super wealthy........big corporate financiers etc.......whereas they dont give a sh?t about the poor.

and guess wot......most people r poor under labour......more than 5 miilion officially classed as poverty striken from pensioners and children alone.......thats NOT INCLUDING any working people or unemployed.
unemployment will go to at least 2.5 million.......and 4.8 million were claiming benefit before whole fiasco started this year.

also, mr.brown increased his pension by 1.7 million quid a few ago........surprised no-one has went on about that in the media

Brown and Darling have struck again. They have said that bank deposits will be guaranteed up to £50. I am sure they thought that they were being generous as they have raised the limit. However, they once again failed to take the long view and failed to notice that foreign banks including the ones in Ireland are offering unlimited guarantees. The result was obvious. People with large deposits are moving their money to countries with full guarantees. The outflow of funds from UK banks is increasing the instability in the banking sector.

Darling last triumph was to hint at a stamp duty holiday. The net result was to completely stall the housing market for weeks until the situation was clarified.

Fred1new - 01 Oct 2008 19:12 - 238 of 269
If you put Blair and Cameron in a sack, I wouldn't try to guess which one would get out first.

They would both be out very fast if Mandy Mandelson was in there with them

When is Gordon going to reduce petrol price???


LONDON, Oct 6 (Reuters) - Oil fell below $90 a barrel on Monday to its lowest level in eight months, pressured by expectations that the global credit crisis will bring a sharp fall in oil demand.

U.S. light crude for November delivery fell $4.00 a barrel to $89.88 by 1300 GMT, its fourth day of losses.

It touched a session low of $88.89, its lowest since early February. Prices have dropped nearly 40 percent from a peak of $147.27 on July 11.

London Brent crude was down $3.54 at $86.74 a barrel.

Well I think he is doing a fine job.

he's one of the few that has a job in this crap country

GO BACK HOME THEN AND TAKE HIM WITH YOU.

aye, take him back to your country mitzy

what country is that then..?

china or wherever u come fae

My Mrs says I am a Falang

Haystack you are wise enough to know that an Irish Bank needs to g'tee its depositors - as they have been a little careless with their management to date.
Icelandic Banks were shouting how good they were ( and offering exciting interest rates - should have been a Warning!), yert now we learn their protection scheme is only for Iceland Residents, which reduces the I_Government's exposure somewhat.... ( Depositor-guy was on Working Lunch last Friday, I think).

It just shows that % "extra" may not be worth the risk.

Anybody remember BCCI? Lesson not learned.

this is what Gordo has allowed to happen to us , Jeez

CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.
But Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a 50 billion pound pledge this week by the government to bolster bank balance sheets.

Britains banking system best in the world.. after El Salvador ..lol.

and PERU.

BCCI HINDU BANK

Why, when I see Brown or Darling on the box do I think of flounders, deck chairs & the Titanic?

This is turning into a total disaster.....I never thought I'd be mentioning 1929-30....but this is very very serious.....!.

we r going to communism soon.

china will rule uk and usa soon......u will be walking military style to work and worshipping chinese leader.