View more on these topics

Osborne and Cable pledge support to Darling

George Osborne, Conservative shadow chancellor, and Vince Cable, Liberal Democrat shadow chancellor, have visited the Treasury in a “spirit of co-operation”.

This afternoon Osborne visited chancellor Alistair Darling to offer his support and has committed to working with the government to strengthen the economy and attain financial stability.

He says that now is not the time for partisan squabbling as is being seen in the US but for the opposition and government to work together for the benefit of the British people.

Vince Cable, Liberal Democrat shadow chancellor, also met with Darling to express his support.

He says: “We should not replicate the US approach. We need to look at a new approach to regulation of the City – how to avoid boom bust cycles based on bad debt and also reenumeration for executives.”

Cable says he believes the chancellor will be true to his pledge that he will do whatever is necessary to support financial stability.

He says that government support for banks in the form of nationalisation, the HBOS Lloyds TSB merger talks and the Special Liquidity Scheme likely is more substantial than the $700bn that the US is currently mulling over as a rescue package.


Marketwatch 29/09/2008

Swaps shot up after the turmoil of the past few weeks. These are some of the biggest week-on-week increases the mortgage industry has ever seen.1-year money is up 0.45% at 5.79%2-year money is up 0.38% at 5.54%3-year money is up 0.33% at 5.48%5-year money is up 0.25% at 5.37%

BDS offers free vals on packaged cases

BDS Mortgage Group in conjunction with conveyancing firm Goldsmith Williams is offering free valuations during October, on all packaged remortgage deals with Money Partners, Kensington and Platform.

income protection claimants

Generation Rent

By Denise Wond, Marketing Relationship Manager, Royal London We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be Homeownership has fallen to 64 per […]


News and expert analysis straight to your inbox

Sign up