Items tagged with: bank of england
Bank of England official: "Free banking is a myth"
24 May 2012
Andrew Bailey, who is set to become the financial services industry's chief regulator, has called free banking "a dangerous myth".
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What is the average debt per person in the UK?
16 May 2012
Levels of personal debt have greatly increased in recent years, but the financial crisis changed many people's attitude to debt. Read about the average level of unsecured and secured debts in the UK in 2012 here.... read more »
Bank rate: low for at least one more year
14 May 2012
The Bank of England's base rate is expected to stay low for another year at least, according to analysts IHS Global Insight. While it's good news for plenty of homeowners, savers won't be pleased.
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Savers are '£102 billion worse off'
11 May 2012
The Monetary Policy Committee (MPC), who set rates, have voted against increasing quantitative easing - the Bank's £325 billion asset purchase scheme. This is despite entering the first double-dip recession since the 1970s.
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BoE Governor calls for banking reform
3 May 2012
Sir Mervyn King has called on the Government not to delay reforming the financial sector and admitted that the Bank of England should have done more to prevent the banking crisis.
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BoE Governor calls for banking reform
3 May 2012
Sir Mervyn King has called on the Government not to delay reforming the financial sector and admitted that the Bank of England should have done more to prevent the banking crisis.
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Total lending to individuals 'rose by £1.4 billion in March'
2 May 2012
The newly released 'lending to individuals' statistics from the Bank of England show that total lending to individuals rose by £1.4 billion in March.
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Bank of England puts more fivers into circulation
27 April 2012
There are now almost 10 times as many fivers in cash machines as in summertime two years ago, according to the Bank of England, but it's still rarer to find a fiver at a 'hole in the wall' than more valuable notes.
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Do companies write off debt they can't collect?
16 April 2012
Here we'll look at some ways you might be able to write off unsecured debt you can't afford to repay.... read more »
Could peer-to-peer lending change the way we bank?
3 April 2012
It could be argued that people's faith in the major banks has taken a knock recently. It may not be surprising, then, that people are increasingly taking matters (borrowing and lending) into their own hands.... read more »
Borrowing on loans 'up in February'
3 April 2012
The amount of money lent out in the form of personal loans increased once again in February, according to the latest statistics from the Bank of England - but borrowing on credit cards remained completely flat.... read more »
Bank rate 'might stay low until 2015'
9 March 2012
The Bank of England is keeping its bank rate (also known as the base rate) at 0.5%, marking the third anniversary of the lowest base rate in the Bank's 318-year history, reports thisismoney.co.uk.... read more »
Latest UK debt statistics
7 March 2012
Money education charity Credit Action has compiled the average debt figures for the UK based on Bank of England figures. It reveals we as a nation are still very much reliant on debt. The figures are also a handy reference point for anyone in debt, because you can see how your own debt compares with national averages.... read more »
Economist accuses UK government of 'bashing the banks'
5 March 2012
A leading Welsh economist has warned that the gloom of the recession is unlikely to lift until Government policy shifts away from 'bashing the banks', WalesOnline.co.uk reports.... read more »
Debt update - what happened in January?
1 March 2012
In January, the total amount of debt carried by people in the UK rose by £1.8 billion. Most of that increase was down to the growth in secured debts, such as mortgages. The latest figures from the Bank of England tell the full story.... read more »
Loan costs falling further
22 February 2012
We've seen further declines in the cost of personal loans - especially when it comes to larger loans. An article on thisismoney.co.uk provides the details.... read more »
Consumers 'still lack optimism despite drop in inflation'
15 February 2012
UK inflation dropped to 3.6% last month and has been steadily declining since a peak of 5.2% in September 2011. This is pretty good news for consumers, and the Bank of England, which hopes to bring inflation down to 2%.... read more »
Large bank account deposits 'need better protection'
10 February 2012
Paul Tucker, the deputy governor of the Bank of England who is responsible for the stability of the bank, says specialist bank accounts should be created to protect consumers who make large bank account deposits, in case their bank failed.... read more »
Personal loan borrowing down - but rates are still falling
7 February 2012
Borrowing on personal loans fell slightly in December, according to the latest Bank of England figures - but credit card borrowing stayed relatively flat for the fifth month in a row.... read more »
Dormant national debt fund could now help with personal debt
6 February 2012
A dormant bank account belonging to a charity created 84 years ago to tackle the national debt could be used to help people who are struggling with debt today, Thisismoney.co.uk reports.
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