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BUDGET 2008: Government debt breaks rules, Cameron claims

Government debt including its Northern Rock liabilities is 43.8% of GDP and breaks fiscal rules, Conservative leader David Cameron has claimed.

Cameron also says the chancellor’s Budget shows there is a current account deficit in the UK of £72bn.

He adds that the Budget shows the rate of growth of business investment in the UK has slumped by two thirds.

Cameron says: “Darling’s central claim is that Britain is well prepared for a global economic slowdown. He is wrong. It could hardly be worse prepared. We now have the highest tax burden in our history.”


Stroud & Swindon pulls 100% mortgage

Stroud & Swindon has become the latest lender to pull its 100% LTV mortgage.Brokers were told four days ago that the mortgage was be withdrawn at close of play today.The society says the product became too popular following a number of withdrawals from the high LTV market, it will now only borrow up to 90% […]

Paragon to make 93 redundant

The Paragon Group is set to make 93 members of staff redundant as it looks to streamline its mortgage business.Paragon Mortgages and Mortgage Trust will be merged into a multi-national multi-brand company with a single sales team headed by Andrew Lees.Mortgage Trust’s head of sales Austin Jelfs will be leaving to pursue other interests. Paragon, […]

Assurant appoints compliance officer

Assurant Solutions Intermediary has appointed a new compliance officer, Jane Robson. Robson will also be a part of the eight-strong compliance team at Assurant Solutions, headed up by Andy Mills, European compliance director. In this new role, Robson will be involved in implementing, monitoring and reporting on compliance standards across Assurant Solutions Intermediary. Her responsibilities […]

Commercial firm appoints broker

Mortgages for Business has named Commercial 1 its exclusive brokerage for secured loans and bridging finance, in line with plans to grow its broker proposition.

Can UK companies satisfy global appetites?

By Mark Martin, Manager of Neptune UK Mid Cap Fund

Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.


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