Interest Rates
Inflation falls to Bank target for first time in 4 yearsThe consumer prices index fell to 2.0 per cent in December, the first time it has reached the Bank of England target since November 2009. |
What will happen to the UK economy in 2014?We take a look at the prospects for the UK economy in 2014. What will happen to house prices, will interest rates rise, will unemployment continue to fall and how much will the economy grow by? |
Bank warns of financial risk to millions if rates rise to 3%The Bank of England has warned that up to a third of the 1 million households with a mortgage would have to find extra work or cut back on spending. |
Big fall in unemployment rate makes earlier rate rise possibleUnemployment has fallen by 99,000 in the three months to the end of October, to reach 2.39 million, the lowest level since 2009, fuelling expectations of an earlier rate rise. |
Bank of England's Dale likens UK housing market to microwaveThe chief economist at the Bank of England, Spencer Dale has reiterated that interest rates will not go up until the recovery is sustained and real incomes are higher. |
Bank of England keeps rates at record lowThe Bank of England has kept base rate at 0.50 per cent and kept the quantitative easing programme at £375 billion. |
Brits withdraw savings at fastest pace for 40 yearsNew figures from the Bank of England show that UK households have withdrawn over £24 billion of savings in the last year, reversing a trend that started after the financial crisis. |
Payday loan costs to be capped by governmentThe Chancellor, George Osborne has announced that he will place a cap on the total charge that can be levied on a payday loan. |
Bank of England suggests no rush to put up interest ratesThe Bank of England emphasised that it may not raise interest rates from their record low immediately that unemployment reaches the 7.0% threshold under forward guidance. |
Quarterly Inflation Report: When will interest rates rise?The Bank of England says the economic recovery has taken hold and unemployment is falling faster than expected but a rate rise depends on how much slack is in the economy. |
Unemployment rate expected to fall to 7.6%The latest official figures are expected to show that unemployment fell by around 35,000 in the three months to September taking the unemployment rate down to 7.6%. |
Bank of England Quarterly Inflation Report PreviewThe Bank of England publishes its latest Quarterly Inflation Report which will provide updates on growth, inflation, unemployment and forward guidance. |
Quarterly Inflation Report will update forward guidance planThe key economic releases in the week ahead are inflation, unemployment and retail sales and the Bank of England also publishes its latest Quarterly Inflation Report. |
Persimmon warns Help to Buy impact hit by high interest ratesOne of the UK's biggest housebuilders, Persimmon says the benefits of the second part of the Help to Buy scheme are limited because of the high interest rates being charged. |
UK house prices "a force for evil", says NIESR's PortesThe National Institute of Economic and Social Research thinks that the UK economy will grow by 2.0 per cent n 2014 and that interest rates will rise in the second half of 2015. |
Bank hints that mortgage rate rise could come earlyThe latest minutes fro the Bank of England's Monetary Policy Committee show that unemployment is falling faster than anticipated meaning a mortgage rate rise could come earlier than expected. |
Spencer Dale says 2014 interest rate rise "very unlikely"The Bank of England embraced social media engine Twitter on Friday as its chief economist Spencer Dale took questions from Twitter users. |
Public think interest rates will rise within two yearsA new survey suggests that the public are already inclined to treat the Bank of England's interest rate promise through forward guidance with a pinch of salt. |
Unemployment to fall but jobless rate to remain at 7.7%Unemployment is expected to fall for the 9th consecutive month after encouraging jobs data but the rate is likely to remain at 7.7 per cent. |
No change to UK monetary policy after Bank of England voteThe Bank of England's Monetary Policy Committee has announced that base rate will remain at 0.50 per cent and the QE programme will stay at £375bn for a further month. |
Bank of England to keep interest rates and QE on holdThe Bank of England's Monetary Policy Committee meets over the next two days and with the economy performing well no chnage to monetary policy is expected. |
Bank warns borrowers to be prepared for rate riseThe Bank of England has warned borrowers to be prepared for a rise in interest rates but has also suggested that the squeeze on household income could ease. |
Bank minutes show further QE unlikely as economy picks upThe minutes from this month's meeting of the Bank of England's Monetary Policy Committee show that more QE looks less likely as no members voted for it as the economy showed improvement. |
The best current accounts to move your money toThe new 7-day switching guarantee was introduced yesterday and should lead to millions more people switching current accounts, but what are the best options? |
Unemployment rate falls to 7.7% as sterling strengthensThe unemployment rate, used to assess when interest rates will be reviewed by the Bank of England, fell from 7.8% to 7.7% in the three months ending in July. |
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