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29/09/2010
UK's Unsecured Debt Being Repaid
The Bank of England has said UK consumers repaid more unsecured debt than they took out in new loans during the month of August.
Since November 2009, net consumer credit, including overdrafts, personal loans and credit card borrowing, fell substantially by £120m.
The figures were released shortly after Charlie Bean, the Bank's Deputy Governor, suggested savers spend a portion of their savings to help boost the economy.
The Bank's figures show that 47,372 home loans were approved in August, 974 fewer than in the previous months.
Mortgage approvals for house purchases also dipped slightly.
(BMcN)
Since November 2009, net consumer credit, including overdrafts, personal loans and credit card borrowing, fell substantially by £120m.
The figures were released shortly after Charlie Bean, the Bank's Deputy Governor, suggested savers spend a portion of their savings to help boost the economy.
The Bank's figures show that 47,372 home loans were approved in August, 974 fewer than in the previous months.
Mortgage approvals for house purchases also dipped slightly.
(BMcN)
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28 September 2011
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Libya is continuing to move towards something like normal life with news today that ECGD, the UK's export credit agency (ECA), has announced it was resuming cover for British exports to Libya.
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02 February 2012
Labour Question Tax Deal For Student Loans Chief
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02 November 2011
Student Loan Company Recruits 'Lab Subjects'
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05 May 2011
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
17 December 2009
National News In Brief
White Christmas? About 200 drivers on the M20 and M2 in Kent were stuck in tailbacks overnight and flights have also been cancelled. Other commuters are also experiencing travel disruption as heavy snow falls across much of the UK, with south-east and east England worst affected.
National News In Brief
White Christmas? About 200 drivers on the M20 and M2 in Kent were stuck in tailbacks overnight and flights have also been cancelled. Other commuters are also experiencing travel disruption as heavy snow falls across much of the UK, with south-east and east England worst affected.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
