You are here: Home - Uncategorized -

Calls for interest rate cut

Written by:

Retailers are calling on the Bank of England to lower interest rates this week, after the latest figures revealed the surge in High Street spending in the January sales petered out by the end of the month.

The British Retail Consortium said the underlying trend in sales was flat and the business climate challenging. The Society of Motor Manufacturers and Traders has also revealed that new car sales were more than 13% lower last month than in January 2005.

However, most financial analysts agree that the wider UK economy is set for growth this year, and the housing market is healthy, indicating that the Bank of England is likely to maintain the base interest rate at 4.5% when it meets on Wednesday.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
More egg on face for Pru

Small shareholders in Egg, the internet bank owned by insurance mammoth Prudential, have failed to respond to the offer of...