Ransquawk Overnight UK News 16/11/07

Discussion in 'Trading' started by Ransquawk, Nov 16, 2007.

  1. Ransquawk

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    Fresh turmoil on fear of new bank seeking emergency aid after the BoE reported that they have provided GBP 23bln in emergency aid but Northern Rock is said to have used just GBP 20bln, with its own bankers saying they have used even less (Times)**

    Annual house price inflation in Britain will fall to zero next year as affordability constraints are compounded by tighter lending conditions, according to Nationwide building society (RTRS) If realised, this would be the weakest year for the property market in more than a decade.

    Market freeze to sour festivities (Telegraph) Households have been told to prepare themselves for a major "Christmas crunch" after London's money markets suffered the biggest freeze since Augusts' credit crisis. Economists warned the higher borrowing costs now seemed to be contributing to a consumer slowdown.

    Rises in commercial property rents look set to ease off in the coming months as a result of increasing economic uncertainty, according to RICS (FT)

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