Base Rate Drops to 1.5%… we’re almost there
Te Bank of England has dropped the base rate by another .5% to the lowest point in 315 years. This is also the lowest it’s been since the Bank of England inception in 1694.
As with the previous 4 decreases since October, there are mixed reactions. Steve Radley, chief economist of manufacturers’ association EEF says: “Whilst [...]
News in the Wake of the Base Rate Cut
Ever since the Bank of England dropped the base rate 1.5%, there has been a plethora of news in the mortgage and finance industry. Here is a quick list of some of the top stories we’ve recently come across:
B&B chair Pym tells MPs buy-to-let market “now closed” - MoneyMarketing
Shareholders approve Lloyds takeover of HBOS - [...]
House Prices to Recover in 2013
BBC.co.uk is reporting that house prices won’t get back to where they peaked in 2007 until 2013. The source of their information, the Centre for Economics and Business Research (CEBR), is also predicting prices will fall another 25% by the end of 2009 and then level off.
If this forecast is correct, this means that we [...]
Whoops. We meant to say: Dividends Will Be Paid!
A follow up to our previous post, the Government has moved to ’clarify’ it’s position after yesterday’s fallout over the bail-out. Whereas on Monday, the Treasury announced Dividends would not be paid out to shareholders until Government funds were re-paid…. This is now no longer the case:
UK Government To Clarify Bank Dividend Plan-BBC Peston - CNN [...]
Aegon UK Calls on Government to Restore Confidence in Financial Services Industry
Aegon UK CEO, Otto Thoresen called upon the government to make financial advice more available to the public as part of it’s policy response to the current economic crisis.
Speaking at the Labour Party Conference this past week, Thoresen confirmed what we are all thinking: The heightened turmoil in the economy has increased the urgency [...]