News Headlines - 26 November 2012
▽First-time buyer numbers in London hit three-year high | guardian.co.uk
Ten thousand first-time buyers took out mortgages on properties in London from July to September, the highest number to buy a home in the capital during a single three-month period for almost three years.
More than 200,000 homes in areas facing a high flood risk could become uninsurable next year as a row between Government and the insurance industry reached crisis point today. Months of key funding talks between ministers and insurance companies are 'on the brink of collapse' just as parts of Britain suffered their worst flooding for 70 years.
One resident in the village of Kempsey, Worcestershire tells of the moment she woke to see flood water approaching the house.
▽UBS’s ￡29.7m penalty for failing to stop rogue trader Kweku Adoboli - London Evening Standard
One of the City’s biggest banks, UBS, was today fined ￡29.7 million by the FSA for failing to spot and stop rogue trader Kweku Adoboli who was jailed for fraud last week.
▽BBC News - UK 'could face austerity until 2018'
The chancellor may have to extend the squeeze on public spending until 2018 if the recent deterioration in growth prospects and tax receipts turns out to be permanent, a think tank has said.
