UK Finance News

David Blanchflower, an external member of the MPC who are charged by the government to fix interest rates in the UK, has warned that if the Bank Of England does not respond to the growing economic crisis instead of worrying about inflation, the UK will face unemployment of 2 million by Christmas.
Blanchflower stands by his claim [...]

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The pound traded against the dollar today at its lowest in two years at $1.8514.
Sterling has also suffered further against the Euro which traded at 79.35 pence.
“Sterling is being hit on all sides at the moment with a broad-based dollar rebound and the realisation that the UK economy is facing a very difficult period,” said [...]

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‘The Future of Financial Services’ is under discussion at a summit at the Dorchester Hotel on Tuesday 23rd September.
The increasing influence of having to treat customers “fairly” and how this affects the way finanacial institutions can operate combined with the diminishing influence of caveat emptor will be addressed.
The keynote speaker is John Tiner, the Former [...]

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The Uk’s supermarket giants are once again introducing some healthy competition at the petrol pumps, as the price of crude oil continues to plummet.
Announcing the third cut in three weeks, Morrisons were once again the frontrunners, knocking a further 2p per litre off unleaded fuel. Their price for unleaded is 109.9p per litre and diesel [...]

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The Bank Of England (BoE) have left the UK interest rate at 5%, for the fourth consecutive month.
Financial experts had predicted that there would be no change in the rate and analysts are now expecting policy makers to keep the rate steady as they battle to balance slowing growth and rising inflation.
Most predictions point to [...]

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