Northern Rock
Good news apparently.
The Northern Rock is going to start lending again.
The bank that became the first victim of its own greed and mis-management, and was bailed out by the taxpayer, is finally starting to do the job it should have been doing months ago.
This means more public money will be poured into the bank's coffers to lend out again, and there is talk of it offering up to 90 per cent mortgages once more to get first time buyers on the housing ladder.
It is being hailed as a big step forward in the economic downturn by some market watchers, and seen as a sign that cash is going to start flowing and maybe confidence is slowly starting to come back.
Now all we need is some more cash to flow into the business sector and things might just start to look up.
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