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Pre-Budget Report: sector snapshots

The UK Government is drawing up plans to guarantee up to £100bn (€117bn) of mortgage-backed securities and is to slash the time it takes companies to complete rights issues by more than half, as part of a raft of measures aimed at easing the financial turmoil that were announced by UK Chancellor of the Exchequer Alistair Darling in his Pre-Budget Report.

On mortgage finance:

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