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Falling costs a boon for many people
LONDON (Reuters) - Beyond store closures, shortened factory hours and longer lines of job-seekers is a reality that doesn't make front pages: a significant number of people are doing well out of efforts to stimulate the economy.



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Banks lose appeal over scrutiny of charges
LONDON (Reuters) - Banks lost an appeal on Thursday against a decision to allow the consumer watchdog to scrutinise current or checking account charges, in a ruling that could lead to customers reclaiming millions of pounds of fees.



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House prices fall at record pace
LONDON (Reuters) - House prices fell by a bigger-than-expected 1.8 percent in February for a record annual decline of 17.6 percent, figures from mortgage lender Nationwide showed on Thursday.



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RBS unveils record British corporate loss
LONDON (Reuters) - Royal Bank of Scotland on Thursday reported a loss of 24.1 billion pounds for 2008, the biggest in British corporate history, and said it planned to place 325 billion pounds in assets in a state insurance scheme.



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FSA boss admits errors in HBOS regulation
LONDON (Reuters) - The chairman of the Financial Services Authority (FSA), Adair Turner, said on Wednesday he believed that the way it regulated banks such as HBOS before its near collapse last year was wrong.



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