Mortgage Solutions weekly news analysis

Editor in Chief Paula John discusses the latest tumultuous week for the global economy, with a co-ordinated base rate cut by the Bank of England and five of the world's other most important banks top of the agenda.

The move followed the Government's £400bn lifeline to Britain's largest banks, aimed at shoring up confidence in the banking sector, announced on Wednesday morning.

Elsewhere, Alliance & Leicester has been slapped with a record £7m fine for failings with its sales processes for payment protection insurance.