The five pound note is to re-establish itself in the wallets and purses of the nation on the news that all banks and building societies will be dispensing fivers from ATMs in the future. Currently, scarcity means that £5s change hands many more times than other notes before being returned for sorting...
Posted to
Finance
on 09-03-2010
Filed under: All Financial News, Bank of England, Banking News, 5%, ATMs, Link, five pound note, fivers, Note Circulation
New figures from the Bank of England show total net lending secured on UK dwellings increasing by £0.1 billion in July, although the rise is well below June’s increase of £0.5 billion and the previous six-month average of £0.8 billion. Approvals for house purchase stood at 48,722 with the total...
Posted to
Finance
on 09-01-2010
Filed under: All Financial News, Bank of England, Mortgage News, house purchase, approvals, remortgaging, July
The recovery of the UK housing market could be under threat with reports that the Bank of England may restrict mortgage lending. The Bank’s deputy governor, Charlie Bean, has apparently indicated that new measures aimed at stabilising the economy could set deposit levels for UK mortgage borrowers...
Posted to
Finance
on 08-31-2010
Filed under: All Financial News, Bank of England, Mortgage News, deposits, mortgage lending, UK housing market, credit controls, Charlie Bean
Influential think tank, the Policy Exchange, has warned interest rates may be hiked to 8% by 2012, in order to combat stubbornly high inflation. Interest rates remain at the 300-year record low of 0.5% – where they have been since March 2009 – in order to boost the economy and bring it out...
Posted to
Finance
on 08-23-2010
Filed under: All Financial News, Economy News, inflation, interest rates, Bank of England, rise, think tank, MPC, Monetary Policy Committee, Policy Exchange