| 29.10.2008 - Bailout 'won't stimulate commercial property sector' |
| From Bridgingandcommercial.co.uk: The government's £37 billion bank recapitalisation plan will not have a significant effect on the commercial property downturn, Capital Economics has said. Earlier this month, the treasury announced that public money would be used to buy equity stakes in three major UK banks: RBS, HBOS and Lloyds TSB. This could mean that 60 per cent of RBS and 40 per cent of a merged Lloyds TSB/HBOS would be in government control..... Full Article: Source |