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The Bank of England’s Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. At the MPC’s December, November and October meetings there was [...] The Bank of England’s Monetary Policy Committee (MPC) has kept UK interest rates on hold at 0.5%, and unveiled no new quantitative easing (QE) measures. At the MPC’s November and October meetings, there was a [...] Last week the International Monetary Fund (IMF) warned that there was a risk of a double dip in Britain’s housing market. Within 24 hours, the Halifax reported that uk house prices had dropped by 3.6% last month, the biggest one month fall on record. The scale of the drop took most – if not all – [...] UK unemployment figures published on Wednesday showed that the number of people unemployed in the UK had fallen again, leaving the jobless rate at 7.8%. The Council of Mortgage Lenders (CML) said that unemployment had not been as bad as had been feared. Many workers had proved to be flexible, accepting pay cuts and part-time work. As [...] The Bank of England has been unanimous on keeping interest rate rises on hold. The Bank has kept interest rates at a record low of 0.5% – despite rising inflation. The Bank of England’s Monetary Policy Committee (MPC) agreed unanimously that interest rates should stay at 0.5% this month, minutes of the meeting show. All nine members voted [...] The Bank of England has kept interest rates at a record low of 0.5% for the 12th consecutive month. The decision was widely expected by economists, who believe that any rise in the cost of borrowing could damage the UK’s fragile economic recovery. Also as expected, the bank has not pumped any more money into the economy [...] Nearly 60% of UK businesses were refused credit by their banks last year, despite the labour government’s efforts to boost lending.A survey from the Institute of Directors (IOD) found 57% of businesses were denied money, and 20% used credit cards to finance their business.The report contradicts recent claims by banks that they are lending to [...] There was limited demand for the £2.25bn worth of long dated gilts sold by the Debt Management Office last week. However, other government bonds, such as the 10-year gilt, were under pressure following comments about stimulus measures from Andrew Sentance, who sits on the Bank’s Monetary Policy Committee. In a newspaper interview, Mr Sentance said policymakers [...] All nine members of the Bank of England’s Monetary Policy Committee (MPC) voted to keep interest rates unchanged at its December meeting. Minutes from the meeting also showed that the MPC was unanimous in voting to maintain the £200bn quantitative easing (QE), or asset buying, programme. The MPC agreed that the medium term outlook for inflation had [...] UK Mortgage rates have edged even higher, according to the Bank of England. The increase comes despite billions of pounds of taxpayers’ money being pumped into Britain’s high street banks. The effective rate on new mortgages – including variable and fixed rate deals – edged up by 0.1 percentage points to 4.3 per cent, it said. It comes [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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