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The Bank of England’s Monetary Policy Committee (MPC) was unanimous in voting for another £75 billion of quantitative easing (QE) to support the weak UK economy.Minutes from the MPC’s meeting earlier show members considered injecting between £50 billion and £100 billion. The committee cited a sharp deterioration in the international outlook as a key factor. The vote [...] House prices are “lacking genuine direction”, according to the Halifax, as it reported a 0.5% fall in values in September compared with August.Prices were down 2.3% from a year ago, leaving the average home in the UK worth £161,132, the lender said. It said there had been a mixed pattern of monthly changes in prices, but [...] More complaints were made about Barclays than any other banking brand by UK customers in the first half of the year, figures have shown.The bank received 251,563 complaints, with 53% of closed cases upheld in customers’ favour, the Financial Services Authority (FSA) figures show. Barclays said it had cut complaints by 14% compared with a year [...] The number of mortgages lent in July was still much lower than a year ago, figures from the Council of Mortgage Lenders show.The number of new loans to house buyers was 48,400 in July, up 1,000 from June but still 6,900 lower than a year ago. The number of first-time buyers, at 18,200, fell back by [...] Mortgage lending jumped in June- allbeit from a very low level, the Council of Mortgage Lenders (CML) has said.The total number of new home loans to house buyers rose by 22% from May, to 46,700. And those specifically to first time buyers reached a 10 month high, up 24% from May to 18,100. Although the level of [...] House prices have gone up for the third month in a row according to the Halifax mortgage lender.Its latest monthly survey says they rose in July by just 0.3%, leaving them 2.6% lower than a year ago at £163,981. The lender explained that over the last three months prices had been 0.5% higher than in the [...] Mortgage lending by the UK’s main banks is still very subdued claims the British Bankers’ Association (BBA). However, this was still 10% fewer than in March 2010 and suggests that activity in the coming months will remain [...] Banks are asking consumers for their views on new payment technologies that will replace cheques by the end of the decade. The consultation will also cover mobile payments, tipped to be the main replacement for [...] The big UK High Street banking groups have agreed to reform the way they sell will writing and executor services. When people die, executors are those who sort out the finances according to the dead person’s [...] Nationalised Royal Bank of Scotland (RBS) has said it will pay its investment bankers bonuses of £950 million for 2010 – down from £1.3 billion in 2009. RBS chief executive Stephen Hester will receive a £2.04m bonus – all [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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