Bradford & Bingley, the nationalised mortgage lender, has laid bare the dire state of its loan book and said that a rising wave of fraud dragged it to a £160 million loss for the first half of the year. The figures came the Council of Mortgage Lenders warned that the economy remained fragile and predicted [...]

Many believe that the UK is to have it’s credit rating cut by the agencies, due to large amounts of borrowing and the inability to pay the debt off, without large currency devaluation http://uk.news.yahoo.com/18/20090521/tbs-uk-economic-outlook-downgraded-to-ne-549cbb6.html UK economic outlook downgraded to ‘negative’: S&P Ben Perry Standard and Poor’s warned Thursday that it may downgrade Britain’s key credit [...]

Ah more good news, what could go wrong for the UK economy? The Torygraph have the following to report By Edmund Conway Last Updated: 8:37PM BST 20 May 2009 The Fund believes that although the drastic measures to prop up Royal Bank of Scotland, Lloyds Banking Group and other major lenders had prevented them from [...]