Interest rates are a percentage charged on borrowings and savings. Read our posts for more about interest rates.
According to the BBA (British Banker's Association) banks are ready to lend small businesses cash. It has emerged during a recent campaign by the industry group to promote small business lending trends that the majority of loans are now being approved.
One of the highlights in the news this week has been the LIBOR rigging scandal, for which the part nationalised RBS has been forced to pay a £390m fine.
The surprise increase in inflation last month prompted some speculation that the Bank of England might raise interest rates as a way of curbing inflation.
Base rates are expected to remain at 0.5 percent amidst predictions that people’s spending capacity will fall for the fourth year in a year; the first time to happen since the 1870’s.
House Prices Rise – As house prices rise by 0.5% we discuss the value of UK property.
British interest rates are to be kept at a record low of 0.5% for the 19th month in a row by the Bank of England.