Interest Rates Could Rise To 5 Per Cent

According to the Bank of England’s Deputy Governor for Monetary Policy, Sir Charlie Bean, interest rates could return to the pre-recession level of 5 per cent in “the very long term”.

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Consumer Confidence At Nine-Year High

New research has revealed that UK consumer confidence in June has risen to its highest level since 2005, climbing by one point this month to +1 from 0 in May and moving into positive territory for the first time in

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Small Business, Enterprise And Employment Bill Good For SMEs

According to Business Minister Matthew Hancock, the Small Business, Enterprise and Employment Bill, which was introduced to Parliament this week, contains 142 clauses designed to help small firms “start, grow and thrive”.

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Housing Market Cooling Down

According to the British Bankers’ Association (BBA), the “heat is coming out of the housing market”, with mortgage approvals, which are used as an indicator of future sales, dropping on a monthly basis.

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Self-Funding On The Rise

According to a recent survey, self-funding is the most popular form of funding for small businesses, with almost 50 per cent of the firms polled either using their own money or getting help from friends and family, a sharp rise

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Bank Warned On Interest Rate Rise

The Confederation of British Industry (CBI) has warned the Bank of England that raising interest rates before next year, which Governor Mark Carney has hinted at, could be a mistake, as the strength of the pound is already causing problems

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The Wrong Tax, Grommet

According to HM Revenue & Customs (HMRC) around 3.5 million people paid too little tax through the Pay As You Earn (PAYE) system in 2013-14, while as many as two million may have paid too much. The average incorrect amount

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Interest Rates Could Rise This Year

Minutes from the Bank of England’s June Monetary Policy Committee (MCP) meeting show that members voted 9 to 0 in favour of leaving interest rates as they are, at the historic low of 0.5 per cent, but suggest that a

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House Prices Race Ahead Of Salaries

House prices increased again across the UK in April, taking them some 9.9 per cent higher in the month than during the same time last year and making the typical price of a home £260,000, 10 times the average salary.

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Inflation Falls To 1.5 Per Cent

Inflation as measured by the Consumer Prices Index (CPI) fell to 1.5 per cent in May, its lowest level in four-and-a-half years and the sixth consecutive month that inflation has been below the Bank of England’s 2 per cent target.

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