Repossessions set to rise says S&P

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Repossessions set to rise says S&P

Repossessions set to rise as economy falters, says S&P
The number of home repossessions looks set to rise over 2013 on the back of weak economic conditions, according to Standard & Poor’s.
This abstract from the Financial Times was produced by Kantar Media
Financial Times,  p. 4
 
 
Taxpayers’ £66bn in RBS and Lloyds at risk, say MPs
The taxpayer funds used to buy shares in Royal Bank of Scotland and Lloyds Banking Group at the height of the financial crisis might never be recovered, according to a report by the House of Commons’ Public Accounts Committee.
The Guardian,  p. 42
Also appeared in : Financial Times,  p.4, The Sun,  p.2, The Daily Telegraph Business,  p.1-5
 
 
CBI urges Chancellor to pump £1.5bn into economy
Chancellor George Osborne should use his autumn statement to plough £1.5bn into the economy and kick-start growth, the Confederation of British Industry said yesterday.
Independent i,  p. 49
Also appeared in : The Independent,  p.60
 
 
Canadians accuse RBS of stonewalling
Canadian regulators have publicly refuted Royal Bank of Scotland’s claim it is “co-operating fully” with authorities worldwide in the ongoing investigation into alleged rigging of a key interbank lending rate.
The Daily Telegraph Business,  p. 3
 
 
Banks’ £100m credit card bill
The UK’s banks face a bill for at least £100million over the mis-selling of credit card and ID theft insurance.
The Sun,  p. 56-57
 
 
Forget Grexit and Spexit: Brixit is looming over the European Union
Forget Grexit, Spexit or any other possible departures from the euro. Despite yesterday’s news that the Eurozone is now back in recession, the markets should focus on another potential exit. The Brixit – a British departure from the European Union.
City AM London,  p. 22
 
The above articles appeared on 17\11\12 reproduced with the kind permission of Kantar Media UK . All rights reserved.
  
Charterbridge Private Financial Planning, Independent Financial Advice, Thornbury, Bristol