As the globe spins so does the decision time for central banks about their country’s interest rates. Firs off the post this week was Australia, followed by the UK then the Fed in the USA. Strike one, the Australian Reserve Bank (RBA) increased rates by 25 basis points to 6.25 percent. Nobody was surprised...
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With the likelihood of base rate increases in the UK on Thursday we’ve been scouring various analysis in the media for hints of whether this will be the last rate increase or not. A few months ago figures and analysis pointed to the likelihood that rates would increase just one more time at the...
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When Microsoft bought WebTV back in the summer of 1997 the pundits predicted the end of the TV as we knew it and the beginning of a new era of interactive TV. So when Microsoft announced that it would be providing movies through the Xbox 360 yesterday the hurrah were less than one may...
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With the news a few days ago that Britain’s second largest lender, Abbey would be lending up to five times income for some borrowers, one is reminded that crazy things happen to sane institutions before a fall. Many at the moment do not dispute that the UK housing market is in a dangerous state...
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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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