Bank of England cuts interest rates to new record low and restarts QE
The Bank of England has cut UK interest rates to a new record low of 0.25%. This is the first change in interest rates since March 2009.
The Bank of England has also announced it will pump a further £70 …
NS&I cuts ISA rate
National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
NS&I is one of the largest savings organisations in the UK, with over 25 …
Interest rates to be linked to unemployment
The Bank of England has announced plans to keep the Bank of England base rate of interest at 0.5% until UK unemployment falls to 7%. UK unemployment is currently 7.8%.
The announcement was made by new governor, Mark Carney, at …
Jane Austen to be face of the Bank of England £10 note
The Bank of England has confirmed that Author Jane Austen is to feature on the next £10 note.
The Pride and Prejudice author will be the next face of the note, replacing Charles Darwin. The change is expected in 2017.…
NS&I Reduces Rates on Premium Bonds
National Savings & Investments (NS&I) today announced that it is reducing the annual Premium Bonds prize fund rate by 0.20% to 1.30% on 1 August 2013. Also on that date, the odds of each £1 Bond number winning a prize …