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Taxpayers may lose 2 billion pounds on Northern Rock rescue - NAO -

File photograph shows buildings reflected in windows of Northern Rock's Leicester branch in central EnglandLONDON (Reuters) - UK taxpayers could lose up to 2 billion pounds from the government's 2008 rescue of mortgage lender Northern Rock by the time all the assets are wound down, according to the country's spending watchdog. The National Audit Office (NAO), an independent body that monitors value for money in government spending, said last year's sale of part of the bank was a good choice and the loss should be seen as part of the overall cost of securing the benefits of financial stability during the financial crisis. ...


2012-05-18T09:19:47Z
WhatsApp tops UK app charts: Apple -

WhatsApp allows users to send free messages across mobil platforms, such as an iPhone to a BlackBerryThe WhatsApp messenging system, which allows users to send messages for free, has topped Apple's App Store Official UK charts.


2012-05-18T09:08:05Z
Santander UK branch downgraded after PM's euro call -

David Cameron said he would do Fears over Spain's economy impacted Britain on Thursday as Santander UK's credit rating was downgraded just hours after David Cameron warned fellow European leaders that the eurozone must take "decisive action" to ensure stability.


2012-05-18T08:50:43Z

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