Tag Archives: Bank of England

Banks Propose New Charges for Business Cash Deposits

In a move that will upset many businesses, it has been announced that leading UK banks may decide to start charging for business cash deposits.

Bank of England to hand reins over to Canadian in 2013

For the first time in over 300 years, the Bank of England made news this week when it selected a Canadian to oversee the UK’s central bank from 2013.

Stop offering consumers free current accounts, says BoE exec

There’s an old chestnut that says there’s no such thing as a free lunch, but if the Bank of England’s executive director has his way, there won’t be any fee-free current accounts on offer to customers in the future either.

Finally some good news: CPI inflation rate drops to 3%

Consumers starved for any good news at all finally have a reason to rejoice, with the Consumer Price Index was recently adjusted downward by 0.5 percentage points to a 3 per cent inflation rate – the lowest it’s reached since February of 2010, according to the Office of National Statistics.

Savers and pensioners being sent to poorhouse?

Campaigners say that the Bank of England’s decision to keep interest rates down in the dumps while continually pouring newly-printed money into the economy through quantitative easing has done nothing but send savers and pensioners into the poorhouse.

Bank of England under pressure over UK liquidity

Following the successful implementation of the Bank of England’s quantitative easing policy, there are now fresh fears that the programme, which finished in March 2010, should now be extended for a further 6-9 months.