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Abbey to upgrade digital channel

Abbey National is upgrading its pilot digital TV service next week giving half a million TeleWest cable customers access to basic banking services through their TV.

Customers will be able to order leaflets, request a instant call back from Abbey National and browse for information on the bank&#39s services all from home.

Abbey hopes to see customers paying bills, viewing balances, transferring money and setting up standing orders on its fully interactive TV service by the end of the year.

It predicts that 26m people will be able to conduct their financial transactions via the TV set by 2003.


Interest rates to remain static

UK interest rates will remain unchanged following a unanimous decision by the Bank of England&#39s Monetary Policy CommitteeThe move announced today in the minutes of the MPC&#39s meeting two weeks ago showed all nine members voted to leave the official cost of borrowing unchanged at 6 per cent The announcement follows speculation that the committee […]


Small businesses that invest in Information and Communication Technology equipment (computers, software and internet-enabled mobile phones) over the three years from 1 April 2000 will be able to claim 100% first year capital allowances, thereby getting immediate relief on the whole cost of their investment.

Halifax swoops in on St James

Halifax, the UK&#39s largest mortgage lender, is buying a 60 per cent share in St. James&#39s Place Capital in an agreed takeover which values the life insurer at £1.27bn .The £760m purchase gives the bank a bigger share of the long-term savings market among the wealthy and compliments Halifax&#39s existing savings business which it conducts […]

Two month high for mortgage approvals

Mortgage approvals reached their highest levels for nearly two and half years last month according to figures from the Bank of England.The figures show the number approvals were upto 105,000 in February from 94,000 in Janaury. February&#39s figure highest since the method of collection was redefined in October 1997.The approvals figures, which is above the […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


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