Northern Rock Is Still Borrowing Pounds 11m a Day [Edition 2]
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Summary
NORTHERN Rock is borrowing an extra Pounds 11million a day from taxpayers while stinging its customers with punitive interest rates.
The state-owned firm's loans from the Bank of England soared by Pounds 2billion in the first six months of the year as it struggled to finance its operations.See the full content of this document
Extract
Northern Rock Is Still Borrowing Pounds 11m a Day [Edition 2]
At the same time, the Rock almost tripled the margins it charges on mortgages, company figures showed.
And it failed to meet pledges to improve the supply of mortgages, as overall lending fell by over Pounds 4billion.The dismal figures were revealed in Northern...See the full content of this document
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