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Interest rates 'could hit 1%' as Bank of England predicts inflation to plummet

Home  Nov, 2008

Interest rates 'could hit 1%' as Bank of England predicts inflation to plummet - Substantial rate cuts into next year were on the cards today after the Bank of England forecast inflation to fall below 1% and said the economy would need a substantial boost



Interest rates 'could hit 1%' as Bank of England predicts inflation to plummet  [11/12/2008 01:17 PM]
Substantial rate cuts into next year were on the cards today after the Bank of England forecast inflation to fall below 1% and said the economy would need a substantial boost
Energy bills 'could come down soon' - SSE  [11/12/2008 01:17 PM]
Hopes were raised for some respite from soaring energy bills inflation today when the country's second-biggest energy supplier said it hoped to cut tariffs early next year
Stock market report: Wednesday latest  [11/12/2008 01:17 PM]
09.00:Dresdner Kleinwort is the latest among a growing number of brokers urging clients to start buying the stock market
Unemployment set to hit 2m by Christmas  [11/12/2008 01:17 PM]
Unemployment rose to its highest level since 1997 and is expected to hit 2m by Christmas as the economy tips into recession, official data showed today
Upbeat Sainsbury lifts profits to £272m  [11/12/2008 01:17 PM]
J Sainsbury delivered a confident set of results today, claiming to be blooming despite the credit crunch and taking custom from rivals
Moss Bros shares surge as Green closes in  [11/12/2008 01:17 PM]
Sir Philip Green has snapped up a 28.5% stake in Moss Bros from stricken Icelandic investment group Baugur, and is eyeing up a full takeover
Fury over rising 'tracker' rates  [11/12/2008 01:17 PM]
Banks and building societies came under fire yesterday for increasing their 'tracker' mortgage rates by a record amount even though the Bank of England cut its rate
Ministers admit small shops are under threat  [11/12/2008 01:17 PM]
Thousands of small shops are under threat as the country plunges towards recession, ministers admitted today
ING posts first-ever loss  [11/12/2008 01:17 PM]
Dutch banking giant ING today reported the first loss since it was formed in 1991, in what was another dismal day for continental financial services firms
Elderly to feel a savage cut in income  [11/12/2008 01:17 PM]
Millions of pensioners who rely on interest from savings to boost their income will soon see their returns cut dramatically
Warning of charges for cheques and ATMs  [11/12/2008 01:17 PM]
Britons face the introduction of charges to use cash machines and write cheques, it is claimed today
Stop fleecing us, PM warns card giants  [11/12/2008 01:17 PM]
Credit card companies were ordered by Gordon Brown to stop fleecing customers, and to behave 'responsibly' to help households through the difficult times
Minister: Tax cuts now 'will mean tax rises later'  [11/12/2008 01:17 PM]
Any tax cuts by Gordon Brown to beat the recession will be shortlived, a Cabinet minister admitted yesterday.
UK firms axe 5,000 jobs as crisis deepens  [11/12/2008 01:17 PM]
British firms - including Virgin Media, Taylor Wimpey, Glaxo-SmithKline and Yell - slashed almost 5,000 jobs today in one of the bloodiest culls since the start of the economic crisis
Tesco calls for freeze on business rates  [11/12/2008 01:17 PM]
Tesco boss Sir Terry Leahy has issued a plea for a cut in the rates levied on business properties, claiming big firm like his need help too
Rics: House sales at a 30-year low  [11/12/2008 01:17 PM]
Property sales are at the lowest level for 30 years but should improve over the next three months, according to the latest Rics report
'I paid next door's water bill for 16 years'  [11/12/2008 01:17 PM]
A woman is suing a water company after finding out she had been paying her neighbour's bills for 16 years
Brown up in polls over economic crisis  [11/12/2008 01:17 PM]
Labour has bounced back to within six points of the Tories as voters turn to Gordon Brown to deal with the looming recession
Prices 'will plunge on the High Street'  [11/12/2008 01:17 PM]
Families struggling in the run-up to Christmas can expect to see plunging prices on the High Street, according to lastest official figures
HSBC 'won't be bullied' into passing on cuts  [11/12/2008 01:17 PM]
HSBC chief executive Michael Geoghegan today said he would not be bullied by Government into immediately passing interest rate cuts on to mortgage customers
Building societies: The mutual fall guys  [11/12/2008 01:17 PM]
Time to come clean on tax  [11/12/2008 01:17 PM]
Comment:The UK parties are united on the need for budgetary changes but, unfortunately, there is no agreement on what form this should take
Risky business from the HBOS dealbreakers  [11/12/2008 01:17 PM]
Some banks avoid the fray  [11/12/2008 01:17 PM]
City's 'helping hand' fund that makes a little go a long way  [11/12/2008 01:17 PM]
Midas share tips: Dogs of Footsie crash out  [11/12/2008 01:17 PM]