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

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

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...