UK Interest Rates remain unchanged

For the 21st Month in a row the Bank of England has maintained interest rates at 0.5%

The Monetary Policy Committee confirmed that although the level of inflation was above the agreed target, the economy was still to fragile to consider rate increases.

The MPC

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Interest Rates will be low for some time

The recent report from the Bank of England showed that the members voted 7-2 in favour of keeping interest rates on hold for the time being. This is now the 27th consecutive month that rates have remained  at 0.5%.

The concerns over the economy and the

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Interest Rates Held at 0.5%

The Bank of England held interest rates at 0.5% for the 18th consecutive month. The BOE raised concerns about the slowdown in the UK economy as one of the primary concerns.

Although the rate is good for mortgage borrowers it does not bode well for deposit based savers.

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It is available free of charge.

To download a copy, please go to our resources page.

One of the positive parts of the UK 2009 Budget was the increase in the Individual Savings Accounts allowances (isa's).

The limit has increased from £7200 to £10,200. Up to half of the allowance can be invested into cash isa's.

The new limit comes into effect from the 6th October for the over

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The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 0.5%.

In addition to the latest cut in interest rates they have also agreed to undertake a programme of asset purchases of £75 billion

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National Savings and Investments have confirmed that they will withdraw their cash isa product to new customers with effect from the 6th April 2009.

NS&I have also confirmed that the facility to make deposits at the Post Office is to be withdrawn.

Existing Cash ISA holders will be able to deal with

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The Chancellor of the Exchequer (Alistair Darling) has announced that the Budget will be unveiled on the April 22nd.

Savers and Pensioner’s are hoping the Chancellor keeps his promise to help them after the dramatic cuts in interest rates over the last few months. Pensioners and savers are

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The recent dramatic cut in interest rates has left many savers out in the cold. However businesses seem to be getting a very raw deal from banks at the present time.

Not only are business owners finding it hard to get credit to help with cash flow, but they are also getting a miserly return

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Most of us feel the Government take more than their fair share of tax , however how many of us actually make use of all the tax breaks available to us.

Tax advantageous investments such as individual savings accounts (isa’s) allow each eligible person to invest up to £7,200 each tax year. As

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Many leading fund managers in the UK are concerned that one or more of the major banks in Britain would have difficulty proving their solvencyif they were required to value their assets at today’s values.

The Treasury has financed a £50 billion Bank of England fund to buy up corporate assets,

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The Bank of England has announced cut interest rates by 0.5%, setting another record low for the Bank base rate.

Continued signs of recession in the UK were the main factor why the Bank's Monetary Policy Committee has reduced rates to 1%. The follows from the decision to reduce rates last month

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Pensioners could possibly get help in this year’s budget.The chancellor, Alastair Darling has indicated that the Government should consider ways to boost the incomes of pensioners. The comment was made in response to the recent fall of interest rates.

With the Bank of England having cut rates

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Economists are forecasting a further reduction of interest rates on Thursday as the Bank of England try to combat the current recession. A rate cut of ½% is expected to be announced with the aim of avoiding a long and drawn out slump in the economy.

Experts say that while a further reduction

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