Financial crisis Union tell Gordon Brown nationalised banks cannot repossess homes

Gordon Brown has been told by the Labour party's biggest donor, the Unite union, that customers of nationalised banks who default on mortgage payments should not have their homes repossessed. By Christopher Hope, Home Affairs Editor The Government now has significant share holdings in four High Street banks - Royal Bank of Scotland, HBOS, Bradford & Bingley and Northern Rock - after the taxpayer-funded bail-out. Derek Simpson, the joint general secretary of the Unite union, upped the pressure on the Government by insisting that customers of the four "people's banks" should be treated differently. He said: "The measures announced today must be bound to undertakings by the banks of no job losses, no repossessions and an end to the bonus culture." Mr Simpson's remarks will have extra resonance because the union is the party's... [read full story]