Tag Archives: northern rock

News in brief: The disappearing alarm clock, Vince Cable’s favourite moment and more

The police have returned the paperwork related to David Laws’s expenses – which suggests that they have not found anything in it worthy of legal action.

Asked by me at the weekend what his favourite moment had been since last year’s election, Vince Cable said it was getting drive an Aston Martin DB9 at 150mph. He swiftly added that this was on a racetrack rather than a road…

On a more substantive issue – he was also hopeful that a mutual buyer could be found for Northern …

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Scorched on the Rock

Yesterday Northern Rock – taken into public ownership 18 months ago – posted its figures for the first six months of the year. They made for eye-watering reading:

Nationalised bank Northern Rock made a pre-tax loss of £724m for the first six months of the year as its bad debts tripled. The Newcastle-based firm wrote off £602m in bad loans and expects that figure to be similar in the second half of 2009.

The bank revealed that 6.4% of Together mortgages – the 125% loan-to-value product now withdrawn – are more than three months in arrears, up from 2.14% a year

…

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Recent Comments

  • Jason Connor
    The case for social care yes but not at the expense of diminishing pensions considering the UK state pension is lower than that of most other European countries...
  • Jason Connor
    And in France at the moment it's coming from the far left. Two different extremes....
  • expats
    @Jana 19th Oct '26 - 10:20am... Jana, Sadly you are correct. 'interference' and regime change are OK when 'our side' does it but illegal when the 'other side...
  • Andy Daer
    Jana, it's true that post-World War Two international rules of war designed to protect civilians have been broken by Britain the USA and France, the 'great powe...
  • Mick Taylor
    I fear that Andy Burham's commitment to Social Care will, like his commitment to electoral reform, will be undermined by his own members, just as David Blunkett...