Friday, May 30, 2008
What does this say about the state of their mortgage book ?
BBC: Rock to take on more debt staff
Northern Rock is to more than double the number of people who work in its debt management department over the next year, the BBC has learned.
Posted by duncan @ 07:52 AM (433 views) Add Comment
3 Comments
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1. it_is_going_with_a_bang said...
I wonder how many Gordon Brown is going to need to employ?
2. growler said...
--- I wonder how many Gordon Brown is going to need to employ? ---
Not enough.
You will soon see reports that the answer to the huge inflation in Asia and now also coming to Europe (not only oil) will be to increase interest rates from where they are now. This will of course end Fionnula's "not like the 90s story" but it will lead to unemployment. Expect a lot of "hard decision" and "long term" blah blah to soften the public to the fact that in the interests of everyone, interest rates will have to go up.
3. hpwatcher said...
Debt collection, one of the few UK growth industries.