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The UK’s economic problems were made at home

The UK’s economic problems were made at home

This is a discussion on The UK’s economic problems were made at home within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; Northern Rock was not big in US sub prime, but big in UK mortgages . It was the Bank of ...

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07-11-2008, 03:42 AM

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The UK’s economic problems were made at home

Northern Rock was not big in US sub prime, but big in UK mortgages. It was the Bank of England and Treasury that mishandled money markets last summer and led to the run on the Rock. The UK is not well placed. Thanks to its profligate ...

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