An economist has said changes to interest rates are not expected until the end of this year. Capital Economics said November or December may bring a rate change after “inflation fears fade [and] inflation peaks”. UK economist at the research…
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Many consumers believe the Bank of England’s monetary policy committee (MPC) will increase interest rates over the next year. According to a poll by Lloyds TSB, 66 per cent of consumers expect interest rates to rise in the next 12…
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The credit crunch may have affected the housing market and availability of credit cards but in other areas people are showing varying degrees of impact, according to a new poll. The survey, undertaken by Norwich and Peterborough Building Society, indicates…
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A new study from Yorkshire Building Society says the average British adult would survive debt-free for 52 days if they were not able to work. Over a third of people (36 per cent) have savings of less than £500 –…
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People have been urged to put money aside for an uncertain financial future, but many are unaware of the effects inflation and tax may have on their savings, a new study has shown. According to NS&I, nine per cent of…
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Equifax has said “apathy and ignorance” about credit files and their effect has meant people are being declined loans without knowing why. The credit crunch means less money for lenders to offer customers and more stringent lending criteria has been…
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Over a third of small to medium enterprise (SME) owners are concerned about their companies’ financial prospects for the next year, a new study has said. Abbey Business Banking’s research found 39 per cent of SME bosses felt their economic…
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The future for the UK economy looks distinctly “uncomfortable”, according to the assessment of Sir John Gieve, the deputy chairman of the Bank of England. Speaking at the London Stock Exchange recently, Sir John suggested that inflation levels will continue…
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