Tuesday, April 22, 2008
Going begging again
Chancellor Alistair Darling and Housing Minister Caroline Flint are to meet mortgage lenders later today to urge them to do more to help struggling borrowers. Mr Darling will ask the industry to find ways to prevent those in trouble from having their homes repossessed. It follows his backing of a £50bn Bank of England plan to allow banks to swap mortgage debts for government bonds.