Britain loans 800 mln pounds to help Icesave customers

LONDON (Reuters) – Britain will lend 800 million pounds to a compensation scheme to refund Britons who had Internet savings with failed Icelandic bank Landsbanki, the finance ministry said on Thursday.

House prices fall by record 13.7%
House prices slumped by 13.7% in October compared with the figure for the same month in 2007, the biggest drop on record according to a survey by home loans provider Halifax published on Thursday.