B&B nationalisation is confirmed

I’m glad my mortgage is not with B&B:

Mortgage lender Bradford & Bingley (B&B) is to be nationalised, the government has confirmed.

Under the arrangement, the government will take control of the bank’s £50bn in mortgages and loans. Shares in the company have been suspended.

B&B’s £20bn savings business and branch network will be bought by rival Abbey, which is in turn owned by Spanish banking group Santander.

B&B is the latest bank to fall victim to the crisis in the financial sector.

“Following recent turbulence in global financial markets, Bradford & Bingley has found itself under increasing pressure as investors and lenders lost confidence in its ability to carry on as an independent institution,” said the Treasury.

more from the bbc website : http://news.bbc.co.uk/1/hi/business/7641193.stm

What type of drinker are you?

Apparently the british government have determined that there are nine types of drinker – excerpt from the BBC website:

Drinkers fall into ‘nine groups’
The government believes it has identified nine types of heavy drinker as it launches a new alcohol campaign.
Department of Health research with focus groups found heavy drinkers often fell into one of a number of categories.
These ranged from de-stress and depressed drinkers to people who boozed because of boredom or to bond.
Experts said helping people to understand the reasons for their drinking habits was “very useful”.


  • Depressed drinker
  • De-stress drinker
  • Re-bonding drinker
  • Conformist drinker
  • Community drinker
  • Boredom drinker
  • Macho drinker
  • Hedonistic drinker
  • Border dependents

I don’t know about you but I need a drink after reading that lot!

See the full article here Drinkers fall into ‘nine groups’