The likelihood of a further interest rate rise next week were raised significantly this Tuesday when the deputy governor of the Bank of England said current rates were too low to curb credit and demand growth.
In explaining his decision to vote for a rate rise this month, Sir John Gieve, the bank’s deputy governor...
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Interest rates to rise in UK next week
HMV up for sale?
HMV Group has been on the sidelines recently as far as news is concerned. There has however, been much whispering going on behind closed doors it seems.
With results out this week looking to be dismal there doesn’t seem to be much going for the company – yet in the last few weeks the...
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Houses 10 times earnings of bottom 25 percent
Dire predictions from the NH&PAU that the bottom quarter of or population will never be able to afford housing. Not since Margaret Thatcher walked the floor boards of number ten have things looked so bad for the more vulnerable in our society. From BN …
According to the National Housing and Planning Advice Unit, by...
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One million UK homeowners to see 30% increase in loan payments
As storm clouds gather and the UK suffers unseasonably bad weather, reading the press over the last few days it seems that further bad news is on the way. Is it just a gloomy time of the year or did the UK have it too good for too long? Is Gordon Brown about to...
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UK banks fear return of negative equity
With the latest increase in interest rates announced by the Bank of England this week many UK lenders are cutting back their exposure to a potential fall in house prices throughout the country. With house price increases in the UK finally showing signs of a slow down (except in the London area) HSBC is...
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