Nov 11, 2008
Despite an unexpectedly huge rate cut enforced by the top-notch banking institution of UK, the Bank of England, it has sent an open invitation to all kinds of possible side-effects, courtesy to this move.
Nov 05, 2008
Amidst all the economic chaos prevailing in the UK, Bank of England, the top-ranked financial institution has finally made up its mind to whip the interest rate from coming Thursday.
Nov 04, 2008
Peter Mandelson has given his consent to the £6.2 billion rescue bid of HBOS by Lloyds TSB. The Secretary of State for Business has termed it as a step taken in the public interest.
Nov 04, 2008
Taking some hard lessons from the present liquidity crisis, the BoE has advised the banks to consolidate their deposit base in order to safeguard them against long-term credit crunch scenarios.
Nov 03, 2008
With the average house being priced at a staggering £27,000 less than the corresponding figure in October last year, the slump has gone ahead of the average yearly income of the Britons.
Oct 30, 2008
Prices of residential properties across UK have posted a record slump of the past 25 years, much to the dismay of the already suffering UK economy.
Oct 24, 2008
Major names in the banking sector of UK have mutually decided to pass on the benefits of the rate cut that they have earned from the Bank of England.
Oct 24, 2008
Mortgage lending rates have demonstrated a tremendous slump for the month of September, after they recorded a fall of 10 percent, said in a statement by the Council of Mortgage Lenders on Monday.
Oct 22, 2008
Following the liquidity problem, another economic crisis has hit the fourth largest economy of the world, this time its name is Inflation, that has recently broken a 16-year old record for the month of September.
Oct 20, 2008
Banks of the United Kingdom have brought forward their fears of witnessing a terrible year after the part-nationalisation of UK High St names this week.