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Mortgage Crisis Spreads Across the Atlantic

UK housing prices plunge; chancellor acts to shore up market

By Jason Farago, Newser Staff

Posted Apr 9, 2008 10:58 AM CDT

(Newser) – UK home prices tumbled 2.5% in February—the largest fall since the 1990s—as the International Monetary Fund warned that Britain could face a housing crisis similar to the US. British PM Gordon Brown insisted yesterday the decline was containable, but the Bank of... Read full story »

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Mortgage Crisis Spreads Across the Atlantic

UK housing prices plunge; chancellor acts to shore up market

United Kingdom • housing market • Gordon Brown • credit crisis • Bank of England • Alistair Darling • housing crisis

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UK Buys Up Bank Shares in Radical Bailout

Cost of drastic rescue package could top $800B

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King reappointed despite criticism over Northern Rock

Brown Likely to Hang On to Power

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Govt's No. 2 claimed 2 houses at same time, may be demoted

UK Drops Rates to 0.5%, Begins 'Printing Money'

Quantitative easing begins with $108B of new money

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