Prime Minister Gordon Brown claimed today that he warned ten years ago of the need for stronger financial regulation, the Times reports.
Mr Brown said that a decade ago in Harvard he called for an international early warning system, which could have averted the current crisis.
Borrowers in the UK are now facing difficulty in receiving mortgages [...]

The Bank of England cut interest rates by a further 0.5% to 1.5% on Friday.
The base rate has already been cut several times since August 2008 in an attempt to ease pressure on the UK’s economy.
It now remains to be seen whether the banks will pass on the interest rate cut, making it easier for [...]

Credit Action, the debt charity, has unveiled research on UK debt that may cause concern amongst borrowers.
The charity’s recent research claims that during November, the growth of debts such as secured loans outstripped gross domestic product.
The refusal of some lenders to pass on interest rate cuts, plus the reducing availability of credit, has caused problems [...]