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Darling makes statement on Bank of England special liquidity scheme
“Determined” Darling outlines Bank rescue plan

Alistair Darling has explained to parliament the Bank of England’s plan to swap mortgage debts for government bonds to free up struggling interbank lending. The chancellor confirmed the scheme, designed to help lenders operate through the credit squeeze, in a statement to the Commons this afternoon. He said the special liquidity scheme would see around… Read more »

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Warning over regeneration from London 2012
Olympic legacy ‘needs protecting’

Safeguards are required to protect the London 2012 Olympic legacy’s regeneration promises, a thinktank says. The New Economics Foundation (NEF) says the introduction of safeguards is needed to ensure the promise of major regeneration for the Lower Lea Valley occurs in reality. A report published today voices concern that local businesses will struggle to compete… Read more »