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Bank’s liquidity scheme disappoints

New Star chief economist Simon Ward says UK interbank data reveals the disappointing impact of the 50bn special liquidity scheme. Bank of England figures show interbank lending fell by 23m in April and May.


Woolwich warns on fast-track abuse

Woolwich is warning that it will take action against mortgage intermediaries who abuse its fast-track process. The lender says it will not hesitate to provide details to the FSA for investigation where necessary.

A shaw thing

Annie Shaw is a freelance financial journalist
The week started with a quick snifter with the journalists’ group my husband calls “the witches’ coven”, that I have been admonished for calling “the agony aunts” (not all are female) and which is in fact a group of senior freelance journalists, many, but not all, of whom are newspaper consumer champions, who like to chew the fat and put the world to rights once a month.


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