It seems that the vultures are beginning to circle around the Bank of England. As we reported in our previous article, Institute of Directors have outlined that their own report points to increases in bank rates needed. Adding more fuel to the fire comes a report from BDO Stoy Hayward outlined in BN that...
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With inflation in the UK running at 2.4 percent the likelihood of the Bank of England increasing interest rates by at least a quarter percent to 5 percent is pretty much on the cards in four days time. Further support for a rate increase came from an unlikely source, the chief economist at the...
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For observers of the UK housing market there were more signs yesterday that the market is a bubble and that the country’s second largest lender, Abbey, may have precipitated the start of a crash. Recently the Spanish owned bank released figures from it’s own findings that nearly 7 million people in the UK cannot...
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