There have been desperate calls for a forceful cut in the level of interest rates as dismal figures from the UK’s manufacturing and service sectors have been uncovered. A rate cut of 4.5 per cent is expected of the Bank of England on Thursday as it attempts to avert a devastating recession.
Information released on Wednesday […]
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Small Businesses to reap the benefits of the 1.5% interest cut
Written by Alex in Friday, November 7th 2008 Tags: Bank of England, interest rate cut, small business
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The Bank of England has heard the cries for help from the British public and made a mind-blowing one and a half per cent point cut in UK interest rates, the most dramatic cut in interest rates in Britain since 1981. The cut brings the interest rate down to 3 per cent from a previous […]
Calls for further interest rate cuts as service and manufacturing sectors remain fearful
Written by Alex in Wednesday, November 5th 2008 Tags: Bank of England, interest rate, pricewaterhousecoopers
Bank of England warned to cut rates
The British Chambers of Commerce (BBC) has warned that the Bank of England must cut interest rates if we are to avoid a recession.
David Kern, BBC economic adviser predicted that if the country is to survive the current slowdown, the next two to three months are crucial.
Interest rates have remained unchanged since April, and the […]
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