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Jobless homeowners get mortgage help EXTENDED help for homeowners struggling to pay mortgages after losing their jobs was introduced by the Government today in a bid to slow spiralling repossessions.

mortgages of up to 200,000 - double the previous cut off - will qualify for Support for Mortgage Interest (SMI). At present 230,000 households receive cash via SMI, available to those who are already receiving a means tested benefit, getting an average

Autonomy wins license deal from BAE Systems

license Autonomy's Intelligent Data Operating Layer software for archiving. Further details of the deal were not disclosed. Broker FinnCap said in a note that the contract underpins its hypothesis that Autonomy?s blue chip client base still has budget

Michael Meacher: Public ownership of the banks is the only way to avert disaster

the banks to kick-start lending. A special liquidity scheme provided £200bn to allow the banks to swap illiquid mortgage bonds for more attractive government paper, subject to a fee (or haircut). A credit guarantee scheme provided guarantees for £250bn

US-POLITICS Summary

with big plans to overhaul U.S. financial regulation and a surge of momentum behind them. From the mortgage meltdown to the Bernard Madoff scandal, the financial system is in crisis. Critics are hammering the federal bureaucrats who are supposed to