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Credit default swaps in their current form have existed since the early 1990s and increased in use in the early 2000s. By the end of 2007, the outstanding CDS amount was $62.2 trillion, [3] falling to $26.3 trillion by mid-year 2010 [4] and reportedly $25.5 [5] trillion in early 2012.
Halifax, the UK's largest moneylender, cuts its mortgage rates by almost 1%, with other banks and lenders following. [18] 4 January Prime Minister Rishi Sunak says his "working assumption" is that the general election will take place in the second half of this year. [19]
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