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Scoop on British Prime Minister’s mortgage plan

Reuters delivered a scoop Dec. 3 on British Prime Minister Gordon Brown’s plan to help homeowners who have lost their jobs. Tapping government sources, we broke the news that Brown planned to announce that the unemployed could delay interest payments on their mortgages for up to two years – a major program designed to ease home foreclosures and tackle the sharply deteriorating UK economy. The competition took over one hour to match the story, which was front page news in Britain.

Article Tags
Type: Reuters Best
Sectors: Foreign Exchange & Fixed Income
Regions: Europe / Middle East / Africa
Countries: UK