30
Sep
Crosby report 'to appear later'
The Crosby report on the UK mortgage market will be delayed by a
fortnight as the implications of the recent banking issues in the
UK are assessed.
Sources in the Treasury have revealed that this late move will mean
the final report is produced in the week beginning October 13th,
rather than next week.
However, the sources state, the delay will provide time for an
assessment to be made of the ramifications of events such as the
takeover of HBOS by Lloyds TSB and the nationalisation of Bradford
& Bingley.
When the report is produced, it is expected to announce plans to
help increase banking liquidity, therefore enabling lenders to
extend the availability of mortgage finance.
At the Conservative Party conference today, Tory leader David
Cameron pledged to work with the government on any legislative
measures that are required to help the economy and the property
market.
