The Bank of England keeps UK interest rates at 0.5%
The Bank of England has continued to hold UK interest rates at a record low of 0.5%.…
UK economy slides back into recession
The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.…
What is a recession?
A recession is defined as when there are 2 consecutive quarters where gross domestic product (GDP) falls. (This fall is often referred to as negative growth or a contraction in the economy.)…
What is GDP?
Gross Domestic Product (GDP) is equal to total spending, plus the value of exports, minus the value of imports. Changes in GDP are often used as a measure of how the economy is performing. Essentially when the economy is doing …
What are the ISA limits for tax year 2012/13
The ISA limit for tax year 2012/13 is £11,280. Up to £5,640 of this limit can be invested in a cash ISA.
If you would like to know more, or you are not happy with the ISA interest rate you …