UK interest rates on hold at record low of 0.5%
The Bank of England has held UK interest rates at a record low of 0.5% for the 19th consecutive month. The Monetary Policy Committee’s (MPC) decision had been expected, despite repeated calls from one member to raise rates to combat inflation. The Bank also said it would not be expanding its £200bn quantitative easing (QE) [...]
October 13, 2010
Tags: Bank of England, BoE, Interest Rates, MPC, Quantitative Easing Posted in: Uncategorized 
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British bank chiefs defend lack of lending worries
Six UK bank bosses are to form a taskforce designed to help get lending to businesses back on track. The British Bankers’ Association boss Stephen Green outlined the plans in a letter to chancellor George Osborne. He said there was a “need to make sure that viable businesses are able to obtain the finance they [...]
August 11, 2010
Tags: Bank of England, banks, BoE, borrowing, Lenders Posted in: Uncategorized One Comment
UK interest rates kept on hold at 0.5pc
The Bank of England has voted to keep interest rates on hold at 0.5% amid worries over the strength of the economic recovery.The decision by the bank’s Monetary Policy Committee (MPC) means rates will stay at their current record low for an 18th month. It suggests the committee does not see high inflation as a [...]
August 6, 2010
Tags: Bank of England, BoE, borrowing, inflation, Interest Rates, MPC, Quantitative Easing Posted in: Uncategorized No Comments
Bank of England expected to keep interest rates at 0.5pc
The Bank of England’s Monetary Policy Committee is likely to keep rates at historic lows after recent pessimistic economic surveys. Economists expect the two day policy meeting at Threadneedle Street to conclude with rates left at 0.5% when the decision is announced at noon today. Borrowing costs have been left there since the depths of [...]
August 5, 2010
Tags: Bank of England, BoE, borrowing, Interest Rates, MPC, Quantitative Easing, UK loans rates Posted in: Uncategorized No Comments
UK public sector could have £4 trillion of hidden debts
The UK’s public sector debt could be nearly £4 trillion higher than headline figures suggest, according to new research that highlights the scale of the economic challenges facing the new Government. The Office for National Statistics (ONS) has released a study revealing that the public purse could be faced with £4.84 trillion of liabilities compared [...]
July 21, 2010
Tags: BoE, bonds, Credit Crunch, sovereign debt Posted in: Uncategorized No Comments
British households face second credit crisis, official survey warns
UK households must brace themselves for another credit squeeze, with mortgages far harder to get in the coming months, new Bank of England research has shown. Banks and building societies expect to lend less next quarter – the first time they have predicted a contraction of credit supply since the height of the financial crisis. [...]
July 8, 2010
Tags: Bank of England, BoE, Credit Crunch, home loans, loans Posted in: Uncategorized No Comments
UK interest rates kept at record low of 0.5%
UK interest rates have been kept on hold at a record low of 0.5% by the Bank of England. The Bank also decided not to pump any more money into the UK economy under its policy of quantitative easing (QE). Interest rates have now been 0.5% since March 2009, and analysts do not expect any [...]
May 11, 2010
Tags: Bank of England, BoE, Interest Rates, Loan calculator, loans, Quantitative Easing, UK loans rates Posted in: Uncategorized No Comments
Bank of England interest rates to stay low for years
The head of the Bank of England- Mervyn King believes interest rates in Britain will stay lower for longer than the markets expect. The Bank of England governor said that the tax increases and spending cuts that would be needed would be so unpopular as to keep the party that introduced them “out of power [...]
May 6, 2010
Tags: Bank of England, BoE, borrowing, home loans-rates-UK, Interest Rates, loans, loans rates, Mervyn King Posted in: Uncategorized No Comments
Rural consumers less aware of money complaints process
People living in rural areas in the UK are less aware of their rights to complain about financial companies than those in towns, an ombudsman has said. Those in urban areas have greater access to information about banking, insurance and investment complaints, the Financial Ombudsman Service said. Access to the internet was highlighted as a [...]
May 5, 2010
Tags: BoE, borrowing, finances, loans, recession, uk recession Posted in: Uncategorized No Comments
Alistair Darling’s Budget derided as ‘fantasy’
Alistair Darling’s 2009 Budget has been derided as a stew of unrealistic forecasts and missed opportunities, after the labour Chancellor conceded the current slump is comparable with the Great Depression but insisted it would be over by Christmas. Mr Darling cemented his reputation as the Chancellor with the worst forecasting record in modern history after [...]
April 23, 2009
Tags: Bank of England, BoE, IMF, labour liars, UK loans rates, uk recession Posted in: Uncategorized No Comments
