A PDF of the Bank of Englands February inflation report can be downloaded here
A PDF of the Bank of Englands February inflation report can be downloaded here
A link to the Bank of England’s latest report is here.
Mortgage lending has slumped to the lowest level for a decade as banks and building societies tighten their grip on the housing market.
Mortgages and remortgage advances added up to £136 billion in 2010 – the lowest total since 2000 and almost a fifth (18%) lower than 2009. Continue reading Mortgage lending slumps to lowest level for a decade
Prices are rising and the Bank of England is under pressure to raise interest rates to support the economy – but how does changing the interest rate affect what a family has to pay for food, fuel and mortgages?
Inflation is the result of the amount of money spent in the economy increasing at a faster rate than a country makes money from goods and services. Continue reading How changing interest rates affects inflation
The Bank of England base rate remains unchanged despite economic pressures to step up a gear.
The Bank’s monetary policy committee voted to keep the rate at 0.5% for a record 22 consecutive months. Continue reading Bank interest rate stays at 0.5% despite economic worries
