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Brown Steps Up Pressure on Banks to Resume Lending (Update1)
Published November 21, 2008, 10:10 am, Bloomberg
Nov. 21 (Bloomberg) -- Prime Minister Gordon Brown stepped up pressure on banks to increase lending as home foreclosure orders jumped by a quarter and a third of Britain's 4.7 million small companies reported difficulties accessing credit.
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Nov. 21 (Bloomberg) -- U.K. home repossessions by mortgage lenders rose 12 percent in the third quarter as higher unemployment and the shrinking economy left more Britons unable to pay their debts. Foreclosures totaled 11,300, compared with 10,100 in ...
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