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Week in numbers

1.1% The revised growth prediction for the UK this year from the International Monetary Fund, down from its previous estimate of 1.7%.

180 The number of signatories on Mortgage Strategy’s e-petition to Make Claims Firms Pay on Friday, just four days after it went live.

$400bn The amount of US Treasury bonds that mature in less than three years that the US Federal Reserve will sell to re-invest in three-year bonds to boost the economy.

£2bn The amount claims firms are set to make from payment protection insurance claims, says Which?.

£12,500 The amount Liberal Democrat Danny Alexander, chief secretary to the Treasury, would like the basic Income Tax threshold raised to from £7,475.

£12bn The Financial Times estimate of the black hole in government finances caused by low growth.

2,250 The number of Treasury inspectors who will be re-allocated to focus on those who earn more than £150,000.

78,288 The number of mortgage approvals by banks in August, according to the British Bankers’ Association.


State Bank of India will offer deals via brokers

State Bank of India plans to launch a range of buy-to-let and residential mortgages in the UK through brokers next year. India’s largest bank launched into the UK mortgage market last week with a buy-to-let product. It is only offering it direct through its UK branches, but a spokesman says it will start to distribute […]

MS Leader: All aflutter over Twitter

The fact that ’to tweet’ is now recognised as a legitimate verb goes to show how influential Twitter has become.


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