Saving Banks the Lloyd's Way

Summary


PERHAPS the most remarkable aspect of these extraordinary times is the pace of the adjustment.

Redrow, the builder, this week announced that its year-on-year house sales have fallen by 45%, while figures for the housing market yesterday revealed that prices declined by 15% in the year to October.

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Saving Banks the Lloyd's Way

According to the Society of Motor Manufacturers and Traders, new car sales to private individuals were down by 28.8% year on year in October, and adrift by 23% overall. ITV executive chairman Michael Grade, meanwhile, said he expects ...

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