Rock Bill clears first major hurdle
Emergency legislation to nationalise Northern Rock has cleared its first major hurdle in the Commons. Despite Tory opposition, the Banking (Special Provisions) Bill was given a second reading by 367 votes to 164, a majority of 203.
The Bill, which provides for the troubled bank to be put into temporary public ownership, will undergo immediate detailed line-by-line committee stage examination. It is expected to complete its Commons stages just after midnight before moving to the Lords on Wednesday with the aim of it becoming law by the end of the week.
Church library buys queen's death warrant
The only existing copy of the execution warrant against Mary, Queen of Scots, signed by Queen Elizabeth I in 1587, has been acquired by a Church of England library, the library said Tuesday. The document was acquired for 72,485 pounds (95,895 euros, 141,273 dollars) by the library at Lambeth Palace, the London office of the Archbishop of Canterbury.
Diana 'Feared Death Plot By Royals'
The Princess of Wales told her lover Dodi Fayed that she would be killed in an accident while her sons were not around, their inquest has heard. Diana allegedly feared there was a plot from the Royal Family to get rid of her, but stressed that princes William and Harry "would never be harmed". Melissa Henning, Dodi's US assistant, recalled these were Diana's thoughts just weeks before the couple died in a Paris car crash in August 1997. Despite at first thinking that claims were a "little far-fetched", Ms Henning said the couple "deeply" believed this was a possibility.
Web fans complete takeover of lowly English club
More than 28,000 sports fans from across the world on Tuesday formally completed the takeover of a lowly English football club, gaining power over everything from team selection to transfers. The fans each paid a modest 35-pound (46-euro, 68-dollar) annual fee to sign up to www.myfootballclub.co.uk (MyFC), which then spent months scouring the leagues to find a suitable club to buy for the experiment.
Pound slumps on continued Northern Rock fallout
The pound slumped to a one-month low against the euro on concerns over the outlook for the UK economy combine with the continued fallout from news of the planned nationalisation of Northern Rock. The Northern Rock debacle has only served to highlight just how dependent the UK economy is on the financial services sector, with consumers expected to rein in spending as they ramp up their savings. "Sterling seems to be firmly at the bottom of the list in terms of major currencies at the moment," said Neil Mellor at the Bank of New York Mellon.
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Emergency legislation to nationalise Northern Rock has cleared its first major hurdle in the Commons. Despite Tory opposition, the Banking (Special Provisions) Bill was given a second reading by 367 votes to 164, a majority of 203.
The Bill, which provides for the troubled bank to be put into temporary public ownership, will undergo immediate detailed line-by-line committee stage examination. It is expected to complete its Commons stages just after midnight before moving to the Lords on Wednesday with the aim of it becoming law by the end of the week.
Church library buys queen's death warrant
The only existing copy of the execution warrant against Mary, Queen of Scots, signed by Queen Elizabeth I in 1587, has been acquired by a Church of England library, the library said Tuesday. The document was acquired for 72,485 pounds (95,895 euros, 141,273 dollars) by the library at Lambeth Palace, the London office of the Archbishop of Canterbury.
Diana 'Feared Death Plot By Royals'
The Princess of Wales told her lover Dodi Fayed that she would be killed in an accident while her sons were not around, their inquest has heard. Diana allegedly feared there was a plot from the Royal Family to get rid of her, but stressed that princes William and Harry "would never be harmed". Melissa Henning, Dodi's US assistant, recalled these were Diana's thoughts just weeks before the couple died in a Paris car crash in August 1997. Despite at first thinking that claims were a "little far-fetched", Ms Henning said the couple "deeply" believed this was a possibility.
Web fans complete takeover of lowly English club
More than 28,000 sports fans from across the world on Tuesday formally completed the takeover of a lowly English football club, gaining power over everything from team selection to transfers. The fans each paid a modest 35-pound (46-euro, 68-dollar) annual fee to sign up to www.myfootballclub.co.uk (MyFC), which then spent months scouring the leagues to find a suitable club to buy for the experiment.
Pound slumps on continued Northern Rock fallout
The pound slumped to a one-month low against the euro on concerns over the outlook for the UK economy combine with the continued fallout from news of the planned nationalisation of Northern Rock. The Northern Rock debacle has only served to highlight just how dependent the UK economy is on the financial services sector, with consumers expected to rein in spending as they ramp up their savings. "Sterling seems to be firmly at the bottom of the list in terms of major currencies at the moment," said Neil Mellor at the Bank of New York Mellon.
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