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	<title>financial news &#187; Northern Rock</title>
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	<link>http://www.financial-news.org.uk</link>
	<description>Bringing you all the news on the current credit crises</description>
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		<title>UK house prices go back into neutral</title>
		<link>http://www.financial-news.org.uk/uk-house-prices-go-back-into-neutral/</link>
		<comments>http://www.financial-news.org.uk/uk-house-prices-go-back-into-neutral/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 13:27:21 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/uk-house-prices-go-back-into-neutral/</guid>
		<description><![CDATA[
According to information released by the Royal Institution of Chartered Surveyors (RICS) it looks increasingly likely that further price increases in the domestic property market may be put on hold, as more properties continue to come on to the market. RICS announced that in February more instructions to sell came on the market than enquiries [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Royal Bank of Scotland shows a rise of twenty billion in profits from 2008.</title>
		<link>http://www.financial-news.org.uk/royal-bank-of-scotland-shows-a-rise-of-twenty-billion-in-profits-from-2008/</link>
		<comments>http://www.financial-news.org.uk/royal-bank-of-scotland-shows-a-rise-of-twenty-billion-in-profits-from-2008/#comments</comments>
		<pubDate>Fri, 26 Feb 2010 17:53:30 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/royal-bank-of-scotland-shows-a-rise-of-twenty-billion-in-profits-from-2008/</guid>
		<description><![CDATA[
 That would make for very good news if only the Royal Bank of Scotland (RBS) hadn&#8217;t succeeded in making a loss of &#163;24.3 billion shortfall in 2008. For 2009 RBS has announced losses for 2009 of just &#163;3.6 billion after losing their struggle to recover billions of pounds of bad loans. Considering that city [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/royal</wfw:commentRss>
		<slash:comments>2</slash:comments>
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		<item>
		<title>UK economy facing more redundancies</title>
		<link>http://www.financial-news.org.uk/uk-economy-facing-more-redundancies/</link>
		<comments>http://www.financial-news.org.uk/uk-economy-facing-more-redundancies/#comments</comments>
		<pubDate>Fri, 19 Feb 2010 17:07:28 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1681</guid>
		<description><![CDATA[
A recent report from the Chartered Institute of Personnel and Development (CIPD) has stated that the expected substantial cuts in the public sector, will mean that around one in three of the employers in the sector plan to shed jobs during the first quarter of 2010, which is now halfway through. 
Despite the UK emerging [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1681</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Myners rules out the Obama way for UK banks</title>
		<link>http://www.financial-news.org.uk/myners-rules-out-the-obama-way-for-uk-banks/</link>
		<comments>http://www.financial-news.org.uk/myners-rules-out-the-obama-way-for-uk-banks/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 10:14:19 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/myners-rules-out-the-obama-way-for-uk-banks/</guid>
		<description><![CDATA[
City minister Lord Myners, in a recent speech played down suggestions that Britain might follow in US President Barack Obama&#8217;s footsteps in introducing radical reforms to the UK banking system.
Myners stated that the UK had already taken sufficient measures to address the problems in its banking industry.
&#34;President Obama came out with a solution to the [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/myners</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Treasury justified in banks bail out</title>
		<link>http://www.financial-news.org.uk/treasury-justified-in-banks-bail-out/</link>
		<comments>http://www.financial-news.org.uk/treasury-justified-in-banks-bail-out/#comments</comments>
		<pubDate>Mon, 07 Dec 2009 10:55:49 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1612</guid>
		<description><![CDATA[
The Treasury was &#34;justified&#34; in using taxpayers&#8217; money to bail out banks to protect the wider financial system, according to an official report. 
The National Audit Office (NAO) review said the cost to the UK public so far totalled &#163;850 billion. 
&#34;It is difficult to imagine the scale of the consequences for the economy and [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1612</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Darling gives Lloyds the nod to test the water</title>
		<link>http://www.financial-news.org.uk/darling-gives-lloyds-the-nod-to-test-the-water/</link>
		<comments>http://www.financial-news.org.uk/darling-gives-lloyds-the-nod-to-test-the-water/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 16:29:29 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1556</guid>
		<description><![CDATA[
Chancellor of the Exchequer Alistair Darling now appears likely to give Lloyds the go ahead to test the seriousness of its ambitious &#163;25 billion refinancing plan. Darling&#8217;s tacit agreement will be looked upon by city watchers as a definite indication that the chancellor could be prepared to release the bank from its obligations to the [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1556</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Pension funds on the road to recovery.</title>
		<link>http://www.financial-news.org.uk/pension-funds-on-the-road-to-recovery/</link>
		<comments>http://www.financial-news.org.uk/pension-funds-on-the-road-to-recovery/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 14:49:33 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1547</guid>
		<description><![CDATA[
Pension funds in the western world have made am almost one trillion pound ($1.5 trillion) recovery in the first half of 2009. Whilst commendable, this figure represents less than a third of what these funds have lost in market value last year. These figures were released by the Organisation for Economic Co-operation and Development (OECD) [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1547</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>Alistair warns the banks: Keep your hands off my Rock.</title>
		<link>http://www.financial-news.org.uk/alistair-warns-the-banks-keep-your-hands-off-my-rock/</link>
		<comments>http://www.financial-news.org.uk/alistair-warns-the-banks-keep-your-hands-off-my-rock/#comments</comments>
		<pubDate>Wed, 09 Sep 2009 14:20:49 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Daily News]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1436</guid>
		<description><![CDATA[
UK Chancellor of the Exchequer Alistair Darling has sent out a very strong signal that the few remaining privately owned banks in the UK will be disallowed from gaining control of state-owned Northern Rock. He went on to add that the taxpayer&#8217;s shares in Lloyds Banking Group and Royal Bank of Scotland will not be [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1436</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>Days of price fixing may be over as the Office of Fair Trading cracks down.</title>
		<link>http://www.financial-news.org.uk/days-of-price-fixing-may-be-over-as-the-office-of-fair-trading-cracks-down/</link>
		<comments>http://www.financial-news.org.uk/days-of-price-fixing-may-be-over-as-the-office-of-fair-trading-cracks-down/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 14:30:57 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1377</guid>
		<description><![CDATA[
The Office of Fair Trading (OFT) get their way , in the very near future company directors who turn a blind eye to price fixing at their companies are liable to be banned for up to 15 years. According to a statement published by the OFT, Britain&#8217;s antitrust regulator are preparing considerably tougher penalties not [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1377</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>Another setback for the UK economy as inflation remains unchanged for July</title>
		<link>http://www.financial-news.org.uk/another-setback-for-the-uk-economy-as-inflation-remains-unchanged-for-july/</link>
		<comments>http://www.financial-news.org.uk/another-setback-for-the-uk-economy-as-inflation-remains-unchanged-for-july/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 14:35:18 +0000</pubDate>
		<dc:creator>tom</dc:creator>
				<category><![CDATA[Central banks]]></category>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1373</guid>
		<description><![CDATA[
There were some glum faces yesterday at the Office for National Statistics on the announcement that consumer price inflation remained unchanged in July at 1.8 per cent in July, after forecasts that it would drop sharply for the month to 1.5 per cent.
Hopes were that after the Bank of England had extended its quantitative easing [...]]]></description>
		<wfw:commentRss>http://js-kit.com/rss/financial-news.org.uk/p=1373</wfw:commentRss>
		<slash:comments>1</slash:comments>
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