After the recent Monetary Policy Committee meeting earlier this month the Bank of England announced that the base interest rate was to be left on hold at 0.5 percent. (more…)
Posts Tagged ‘economy’
More money to be ploughed into the economy
Friday, May 22nd, 2009
Just how bad is the UK economy?
Tuesday, September 9th, 2008There have been a number of different opinions and predictions from industry officials in relation to the UK’s economy of late. Most have been relatively gloomy and some have been downright worrying, with many officials expressing concern over how close the nation is of sliding into recession. According to a recent report the UK’s largest employer’s association, the CBI, has stated that the state of the economy is actually worse than most thought. (more…)
What’s in store for the UK economy?
Wednesday, May 21st, 2008Over recent months the Bank of England and the Monetary Policy Committee have faced a tough decision when it comes to setting interest rates. This is because on one hand the central bank needs to be very cautious about cutting the baste rate because of rising inflation, but on the other hand the bank needs to cut the base rate in order to boost the slowing economy. (more…)
Is Recession Looming? The Queen May Think So
Thursday, April 10th, 2008Since the global credit crunch took a hold in the UK in the late summer of last year, there has been growing concerns over the state of the economy. Consumers were already facing financial difficulties as the result of five interest rate rises between August 2006 and July 2007, and consumer confidence levels had already fallen as a result of financial woes, which were affecting the economy. However, the global credit crunch brought with it a whole host of new problems, making it increasingly difficult for consumers to sort out their finances as a result of tighter credit conditions that lenders put in place. (more…)
Industry expert predicts 20% fall in house prices over two years
Saturday, March 29th, 2008A financial industry expert, who also worked as an advisor to the government, has predicted that house prices in the UK could plummet by 20% over the next couple of years, providing a gloomy outlook for homeowners. The average property price could plummet from £200,000 to just £160,000 if the predictions of Professor David Miles are correct, and homeowner that have recently purchased properties and paid the current high prices could soon find that their properties are worth far less than they paid for them. (more…)
No change in interest rates for March
Monday, March 17th, 2008Following the latest Monetary Policy Committee meeting last week the Bank of England has decided to keep interest rates on hold amidst concerns over rising inflation. Although there have been calls for the central bank to cut rates as a result of the flagging economy officials have also had to take into consideration the risks of rising inflation as well as a slowing economy. (more…)
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