The Financial Services Authority (FSA) has published a new report highlighting the challenges borrowers may face over the coming months. In particular it focuses on threats that have been created by the downturn in the banking sector and the wider…

Last week’s move by the Bank of England to lower the base rate to one per cent was the right decision, it has been argued. British Chambers of Commerce economic advisor David Kern said he supported the measure and noted…

Lenders have begun to pass on this week’s Bank of England base rate cut, which could help homeowners handle their debtmanagement. Nationwide has revealed it is decreasing its base mortgage rate (BMR) from 3.5 per cent to three per cent…

The Bank of England has announced that the base rate is being lowered to one per cent. Following its monthly meeting, the Bank’s monetary policy committee voted for a 0.5 per cent reduction in interest rates, something that could offer…

Lloyds TSB and Cheltenham & Gloucester (C&G) have pledged to offer borrowers additional debt help if the Bank of England lowers the base rate this week. The lenders stated that any interest rate cut will be passed on to existing…

The Bank of England is expected to make a further interest rate reduction this week. A poll of economists conducted by Adfero showed that 11 out of 12 feel a cut will be announced on Thursday following the monthly meeting…

The Bank of England will be willing to try “virtually anything” to offer debt help to lenders and borrowers, it has been claimed. Jonathan Loynes, chief European economist at Capital Economics, stated that the Bank will consider a wide range…

The Bank of England base rate could be on its way to reaching zero per cent, it has been suggested. Charles Davis, a senior economist at the centre for economics and business research, has forecast that the interest rates may…