Biting the bullet
/ 12 October 2008

Biting the bullet

Bold, comprehensive and at times surprising, the UK’s bail-out plan for partial nationalisation is just what the system needed, writes Will Hutton.

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/ 21 November 2007

UK’s Brown faces fury over huge data blunder

British Prime Minister Gordon Brown faced angry questions from lawmakers on Wednesday after confidential records containing nearly half the population’s bank details went missing in the post. The disappearance of about 25-million people’s personal data vanished in the biggest-ever loss of personal information by any government.

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/ 8 October 2007

Brown takes the blame for election row

British Prime Minister Gordon Brown on Monday said he took ”full responsibility” for the decision not to call an early election, but rejected claims he had run scared from a possible defeat. Brown told an often rowdy news conference that he had instead opted to wait and take a long-term approach before going to the polls.

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/ 16 September 2007

UK bank Northern Rock faces break-up talk

Troubled British bank Northern Rock faced break-up rumours on Sunday as it sought to reassure panicking customers and investors following an emergency bail-out by the Bank of England. Worried customers besieged Northern Rock on Friday and Saturday to withdraw their savings — despite assurances that it would not fall victim to the global credit squeeze.

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/ 15 September 2007

British bank rocked by customer panic

Worried customers were expected to keep withdrawing savings en masse on Saturday from embattled British bank Northern Rock after the Bank of England bailed out the lender. Customers formed lengthy queues outside branches on Friday after Britain’s fifth-biggest home-loan provider said it was facing severe difficulties raising cash to cover its liabilities.

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/ 14 September 2007

UK bank hit by credit problems

Shares in British bank Northern Rock plunged by a quarter on Friday as clients rushed to withdraw their savings following an emergency bail-out of the lender by the Bank of England. The central bank came to the rescue of Britain’s fifth-biggest home-loan provider, which is facing severe difficulties raising cash on money markets amid the ongoing global credit squeeze.