bank of england News

As the Bank of England prepares to receive sweeping new regulatory powers, a battle is raging over how the Bank itself should be governed.

With unemployment figures increasing, The Debt Advisory Centre advises people to consider the importance of saving while they're in work.

Grimsby Solicitors, Wilkin Chapman Grange, are inviting local businesses to come along to the Christmas QUID event to find out ‘Everything You Wanted to Know About the Economy, But Were Afraid to Ask.’

The minutes from the latest Monetary Policy Committee at the Bank of England have shown today that for the first time in a long time there was unanimous support to keep the base rate at 0.5% for the 29th consecutive month.

Capital Fortune report that nearly two-thirds of people expect the rate of inflation to rise in the next 12 months, a Bank of England survey has indicated.

Several business groups are urging the Bank of England not to raise interest rates, however economists with Nichols and Meyer Capital Partners predict a rate hike.

The latest debt statistics provided by money education charity Credit Action show that a property is repossessed every 14 minutes and 195 mortgage possession claims will be issued and 147 mortgage possession orders will be made today alone.

The cost of going in to the red and using an authorised overdraft has increased since March 2009 by more than 8% on some current accounts, according to moneyfacts.co.uk, a leading comparison website.

The Office of National Statistics (ONS) reported that there were now a total of 3.9 million UK households with no employed adults, a rise of 148,000 on the previous year.

It is widely predicted that the UK’s Bank of England Monetary Policy Committee (MPC) will announce a further cut in base rate following February’s rate setting deliberations.

Keshav Thukaram, Managing Director at Smartlandlord.co.uk, comments on the annoucement by the Monetary Policy Committee of the Bank of England of a 50 percentage point cut in the Base Rate of interest.

Mortgage brokers in Manchester ' North Mortgages' have warned homeowners who’s current mortgage deal is coming to double check the lenders arrangement or booking fee, on low rate deals.

Mortgage advisers in Manchester ' North Mortgages' has responded to Lloyds TSB recent announcement that it is cutting its mortgage rates for the second time in a fortnight, amid signs that competition is returning to the mortgage market.

When the Bank of England meets this week, experts warned that homeowners and borrowers alike could be hit with a shock interest rate rise .

Lenders are using the credit crunch to increase profits. Borrowers beware!

Interest rate reduction and its expected impact on the mortgage market

Fool.co.uk comments on the minutes of the Monetary Policy Committee meeting