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Inflation drops but economy...
Inflation has fallen unexpectedly, reinforcing the Bank of England’s strategy of keeping interest rates unchanged. Figures published today show inflation dropped 0.4% to 4% – double the Ba...
Bank report highlights need...
As anticipated by many industry experts, today’s interim report from the Independent Commission on Banking (ICB) has recommended that UK-based banks should “ring-fence” their high-st...
Mortgage rates will hit 2% i...
Hard-pressed families struggling to keep up with bills could face mortgage rates soaring to 2% within a year. The forecast comes from Bank of England monetary policy committee hardliner Andrew Sentanc...
Gap between rich and poor se...
Experts believe that the gap between the rich and poor is set to widen in 2011 thanks to rising inflation and household living expenses. Recent figures have shown that both mortgage lending and...