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Interview Tip
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Ritblat warns of 'huge number of foreclosures' [Estates Gazette](04 Oct 2008 00:01:00 EDT)Ritblat: the "biggest impetus" to a recovery in the UK would be an interest rate cut. Nathan Cross. John Ritblat, the ex-chief executive of British Land, has warned of a surge of bank foreclosures on property loans. The financial backer of Delancey said UK banks will be able to offload their commercial and residential mortgages only when liquidity returns to the bank sector.
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Heavyweights square up for Rio Tinto task [Estates Gazette](04 Oct 2008 00:01:00 EDT)Stanhope and Exemplar Properties are going head to head to partner mining giant Rio Tinto on the redevelopment of its former London HQ. The two parties are on a shortlist of five - thought to also include British Land and Canary Wharf Group - bidding to develop 5-6 St James's Square, SW1.
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How will Paulsone_SSRqs plan affect UK? [Estates Gazette](04 Oct 2008 00:01:00 EDT)Chris Bourke. The consensus is that Henry Paulson's $700bn rescue plan for the US banking system is a necessary evil. While technically a US plan, a look at the first draft of the proposed Troubled Assets Relief Program reveals how potentially far-reaching it could be.







