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Rates 'headed for zero' as Bank cuts to 1%

Home  Feb, 2009

Rates 'headed for zero' as Bank cuts to 1% - The Bank of England cut interest rates by a half-point to a new record low of 1.0% today in an effort to snap the UK economy out of its slump



Rates 'headed for zero' as Bank cuts to 1%  [02/05/2009 01:17 PM]
The Bank of England cut interest rates by a half-point to a new record low of 1.0% today in an effort to snap the UK economy out of its slump
House prices in shock 1.9% January jump  [02/05/2009 01:17 PM]
A shock rise in house prices left the average home worth £3,000 more in January, according to the Halifax house price index
Stock market report: Thursday latest  [02/05/2009 01:17 PM]
11.30:The banking crisis appears to be far from over despite the efforts of politicians. Bank of America shares slumped to a 19-year low
Savings account rates set to fall below 1%  [02/05/2009 01:17 PM]
People who live off their investments could be dealt a blow today as interest rates on savings are set to fall below 1% for the first time
Bailed-out bankers facing new pay curbs  [02/05/2009 01:17 PM]
Banks bailed out by the taxpayer were today warned they face pay curbs if they try to hand excessive salaries and bonuses to executives
Homeowners to miss out on interest rate cut  [02/05/2009 01:17 PM]
Most homeowners will not save a penny on their mortgage if the Bank of England reduces the base rate today because lenders are refusing to pass on the cuts
BHS tycoon has eye on Baugur empire  [02/05/2009 01:17 PM]
Sir Philip Green and private equity boss Jon Moulton have voiced interest in buying parts of the Baugur empire which is on the brink of collapse
Aviva gets cold feet over £1,000 windfalls  [02/05/2009 01:17 PM]
One million customers of Aviva, formerly Norwich Union, who were expecting windfalls of £1,000 were warned the deal may be scrapped
Stagnant car market forces Ford to axe 850 workers  [02/05/2009 01:17 PM]
Ford UK announced today that it will be shedding up to 850 jobs in Dagenham and Southampton because of the credit crunch
Banking crisis 'could cost us a 4p tax hike'  [02/05/2009 01:17 PM]
Taxes would have to rise by 3p to 4p in the pound to fill a £14bn hole in Treasury revenues caused by the banking crisis, research has revealed
Sky pays £1bn for live Premier League football  [02/05/2009 01:17 PM]
Satellite broadcaster Sky has agreed to pay more than £1bn to show live football in a recession-defying deal with the Premier League
Barclaycard freezes rates on credit cards  [02/05/2009 01:17 PM]
Barclaycard is to cut its credit card rates for up to three million of its customers over the next year
City wary as Darling keeps 'bad bank' open  [02/05/2009 01:17 PM]
The City today gave a cautious response to news the Government could set up a bad bank to buy toxic assets from High Street lenders
Darling hints at tax break for pensioners  [02/05/2009 01:17 PM]
Tax cuts for millions of pensioners were signalled last night by Chancellor Alistair Darling
Glimmer of hope but job loss fears on the rise  [02/05/2009 01:17 PM]
The worst of the recession could be behind us - but the job losses are only just beginning, according to figures from the service sector
Union urges MPs to end 'insulting' rail fare increases  [02/05/2009 01:17 PM]
MPs faced mounting pressure today to order a rail fares freeze during the recession
Stop giving banks excuses to pay savers less  [02/05/2009 01:17 PM]
The emperor's new clothes  [02/05/2009 01:17 PM]
The end of glib promises and ad men  [02/05/2009 01:17 PM]
Only sure way back on to even keel  [02/05/2009 01:17 PM]
Save us from foreigners giving protection  [02/05/2009 01:17 PM]