UK Mortgages rates and deals

October 7, 2008

Brown orders massive cash injection for banks

Filed under: Bridging Finance, UK Mortgage Brokers — Cindy Smith @ 7:11 pm

Gordon Brown, UK prime minister, on Tuesday night ordered a massive taxpayer-backed cash injection to rebuild the balance sheets of Britain’s high street banks, effectively part-nationalising the sector at a cost of tens of billions of pounds

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