All Posts Tagged With: "Bank of england"

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The controversy over credit cards heightens

Over recent months there has been increasing controversy in relation to credit card providers in the UK, but over the past couple of months this has really heated up, with many accusing credit card companies of fleecing their customers. One of those making this accusation is no other than the Prime Minister himself, Gordon Brown, [...]

21Dec2008 | admin | 0 comments | Continued
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UK financial watchdog to get more powers

The UK’s financial watchdog and regulator, the Financial Services Authority, is to be granted greater powers by the Chancellor of the Exchequer Alistair Darling in a bid to help avoid another Northern Rock style crisis in the future. According to recent reports Darling plans to give the FSA the power to seize customers’ cash in [...]

14Jan2008 | admin | 0 comments | Continued
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Interest rates fall to 5.5%

The Bank of England has announced that the base rate in the UK will be cut by a quarter point to 5.5%. In August 2006 the interest rate stood at 4.5%, but a series of five interest rates to try and bring rising inflation under control saw the base rate rocket to 5.75% within a [...]

2Jan2008 | admin | 0 comments | Continued