Bank cuts interest rates
The Bank of England today surprised the City by cutting interest rates for the second time this year, pushing the cost of borrowing to its lowest level since the early 50...
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Manufacturing gloom adds to pressure for rate cut
Output from Britain's industrial sector slipped into the red in May, official figures showed yesterday, dashing hopes of a "Baghdad bounce" for manufacturers.
The offic...
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Bank to hold interest rates again
The Bank of England is likely to hold off cutting base rates this week after it convenes for its first monetary policy meeting under new management.
Governor Mervyn Kin...
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New business rate to go to councils
Gordon Brown will make a significant gesture today towards greater local autonomy when he announces that he is willing to see councils retain up to £1bn extra fundin...
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Village with a work ethic ... and low rates of pay
Good grief! Is it really?" asked Edward Roberts, clerk of Cerrigydrudion community council, when he heard that Uwchaled was the hardest-working place in England and Wales...
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US jobless rate hits 9-year high
Unemployment in the US jumped to a nine-year high last month, shattering hopes that the world's largest economy has turned the corner.
The dollar sank and shares on Wal...
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Economic crisis' forces German call for lower rates
Gerhard Schröder was last night piling pressure on the European Central Bank for deeper cuts in interest rates after one of Germany's leading thinktanks warned that ...
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Why is Halifax associated with a credit card offering loan-shark rates?
Q I received a mailshot inviting me to apply with confidence for a new Aqua credit card, even if I have previous arrears or county court judgements, am self-employed, am ...
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Slow high street sales prompt rate cut speculation
A disappointing retail sales survey today raised expectations of an interest rate cut next week.
According to the CBI's monthly survey of the retail sector, sales growth...
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Nationwide cuts overdraft rate
Britain's biggest building society, Nationwide, today announced that it will be cutting its authorised overdraft interest rate to a market-leading low of 6.75%.
The new ...
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