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Week in numbers

£75,000 – The maximum discount social tenants will be offered under the revamped Right to Buy scheme, the government revealed.

4.5 million – The number of Britons who are permanently overdrawn, says

37% – The percentage of incapacity benefit claimants deemed fit to work by the Department for Work and Pensions after being reassessed for the new Employment and Support Allowance.

5 – The number of years Hector Sants, who announced he was stepping down last week, has been chief executive officer of the Financial Services Authority.
4:45 hours – The time taken by William Gladstone on April 18 1853 to deliver the longest Budget speech in history. Hopefully chancellor George Osborne will be quicker this Wednesday.

2 – The number of ratings agencies that have put the UK’s AAA rating on negative watch.

3.49% – The average interest rate on mortgages taken out in Q4 2011, down from 3.59% in Q3, says the FSA.

€946m – The amount Greece reclaimed in back taxes last year, according to the European Union. This is more than double its target of €400m for the year.


Caption Competition

If I Were You’s Rob Clifford (centre) and friends say cheers at the recent Mortgage Strategy Awards

The Mortgage Mole

No final answer The Financial Services Authority could have done with the ’phone a friend’ lifeline last week when quizzed by the Treasury Select Committee about the Mortgage Market Review.


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