High interest rates hurt store cards
Continued high levels of interest are behind the falling popularity of store cards, according to new research.
A survey published this week by Mintel found that few peo...
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Industry dejected as Bank pegs rates
The Bank of England disappointed investors and industry leaders yesterday when it left interest rates unchanged for the 11th month in a row, despite renewed fears about t...
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Standard Life cuts final bonus rates
Standard Life today became the latest life assurance company to announce that it will be slashing final bonus rates for its with-profits policyholders.
The mutual life a...
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Can lenders change their advertised loan rates?
Q I have a ?2,000 variable rate loan from Cahoot. When I applied for the loan a couple of months ago, the advertised rate was 7%-11%, and I was given the 11% rate. Then C...
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IMF opposes rate cuts
The International Monetary Fund last night signalled its opposition to lower interest rates in Britain and warned that the Bank of England would have to push up borrowing...
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Fed holds firm on rates
The US federal reserve admitted last night that the threat of war against Iraq could derail the fragile recovery in the world's largest economy, although it resisted call...
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MPC ready to counter downturn with rate cut
The Bank of England is ready to cut interest rates if the global economy weakens, with even hawks on its rate setting committee convinced that the risks of a slowdown are...
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Suicide rates tend to rise under Tory rule
Suicide rates have tended to rise in the UK when a Conservative government has been in power during the last 100 years, with the big exception of Edward Heath's 1970-74 a...
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Bank 'considered lowering rates
The Bank of England considered lowering interest rates earlier this month, but decided that such a move would be premature, it emerged today.
Minutes for the September 4...
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Factory gloom raises rate cut fears
The failure of Britain's battered manufacturing sector to recover from June's record plunge raised fears yesterday that the economy will require new cuts in interest rate...
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