The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the 12th consecutive month. In addition, it has opted not to inject any more funds into the economy via its quantitative easing (QE) scheme - introduced...
Posted to
Finance
on 03-04-2010
Filed under: All Financial News, Economy News, quantitative easing, inflation, interest rates, house prices, Bank of England, February, Halifax, GDP, recovery, MPC, on hold, Monetary Policy Committee, fragile, QE
The Rics European Housing Review 2010 has revealed a mixed bag for European house prices.
The Royal Institution of Chartered Surveyors (Rics) found that only five countries reported growth in house prices - with the UK being one of them - rising by 1% in 2009.
Norway led the way with a 12% gain during...
Posted to
Finance
on 03-02-2010
Filed under: All Financial News, Economy News, house prices, UK, US, fall, report, Property News, Rics, Royal Institution of Chartered Surveyors, rise, Warren Buffett, countries, European Housing Review
The quarterly Confederation of British Industry (CBI) report has revealed shoppers returned the High Street in their droves in February after UK retailers reported their strongest growth in sales volumes for two years in early February.
The CBI also believes further growth will be experienced in March...
Posted to
Finance
on 02-26-2010
Filed under: All Financial News, Economy News, house prices, February, Nationwide Building Society, retail sales, growth, Confederation of British Industry, CBI, consumer spending, distributive trades survey, revised, upwards, Q4
The Office for National Statistics (ONS) has today revealed that the UK economy grew by 0.3% in the October to December period - slightly higher than the 0.1% estimated last month.
The figures will come as a relief to many who had feared the worst with growth being revised downwards.
However, the revised...
Posted to
Finance
on 02-26-2010
Filed under: All Financial News, Economy News, recession, house prices, UK, February, GDP, Office for National Statistics, ONS, Nationwide Building Society, recovery, revised, fourth quarter, upwards, second estimate