Summary
The Nationwide Building Society warned yesterday that it will take the UK a long time to bounce back from the recession.
The Swindon-based lender said rising unemployment may push house prices down again next year. It predicted interest rates would stay at record low levels as it revealed pre-tax profits went down 63 per cent to Pounds 117 million in the six months to September 30.See the full content of this document
Extract
Lender's Fears Over Recession
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