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10% Of repos were from Rock

Northern Rock admitted one in 10 repossessions in the UK last year were from its books as it posted losses of 1.3bn for 2008. Up to 8,500 of its Together borrowers are in arrears and almost 3,000 were repossessed.

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How QE is distorting the gilt market

By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]

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