Tag Archives: Bank of England

Breaking News: UK recession less deep than feared

August 24, 2012

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  It has just been announced by the ONS that the UK is not as deep into recession as initially thought. The figures released by the Office for National Statistics report that the economy contracted 0.5% rather than the 0.7% previously announced. The increase in figures as come from the construction sector which has weathered [...]

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Mortgages to be rationed in 2012

January 5, 2012

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  Ever dreamed of buying a house? Well you’re a crazy fool and you should lower your ambitions. Houses are for people with huge sums of cash in reserve. If you don’t own a house now then you probably never will so just deal with it. What’s that? You want a flat. Well sure you [...]

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Inflation rises to 5.2%

October 18, 2011

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It has just been revealed by the Bank of England that inflation has risen to 5.2% – its highest level in three years. The figure is up from 4.5% in August, and rising energy costs seem to be the main culprit to blame for the hike. These figures are bad news for the British public, [...]

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New £50 note to arrive 2nd November

October 3, 2011

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The Bank of England has announced that a new £50 note will be released on the 2nd November. The design was revealed in 2009 and features two promenent figures from the textiles industry – entrepreneur Matthew Boulton and engineer James Watt. It will be the first time ever that two portraits will feature on the [...]

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Tories to scrap FSA in banking shakeup

August 28, 2009

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Tories to scrap FSA in banking shakeup

The financial industry is in for a major awakening should the Conservative party receive the keys to power in the next general election says Channel 4 News. Plans outlined by the party has revealed that one casualty of their proposed financial shakeup would be the Financial Services Authority (FSA) with their power being transferred to [...]

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