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Ernst & Young report anticipates rate cut

The likelihood of a cut in UK interest rates is growing as an independent report anticipates a slowdown in economic growth, reflecting a downturn in consumer spending.

A report published by Ernst & Young&#39s Item club predicts a slowdown in consumer spending growth to 2.5 per cent in 2001 and 2 per cent in 2002 as consumers address their lending commitments. Consumer spending growth in 2000 ran at 3.75 per cent.

The report anticipates a 0.25 per cent cut in the Bank of England base rate this spring, with further rate cuts likely later in the year.


Wesleyan announces returns for 2000

Wesleyan has announced positive returns for its growth trust, life managed fund and pensions managed fund. The Wesleyan Growth Trust has returned 4 per cent in 2000, against a Micropal average of minus 4.3 per cent, giving a ranking of 31st out of 290 funds. The Wesleyan Life Managed Fund returned 3.4 per cent over […]

Reviving Equitable

The Equitable Life fiasco need not – should not – have happened but the sad fact is that it did happen. However, it may not be too late to save the day. What is needed is a blend of creative and positive thinking and fast action. There is not much time left and even that […]

Robert Noach

Schroders Pensions dir ector of business dev-elopment Robert Noach is a sociologist by trade. While studying for his Masters at Warwick Univ ersity, the 50-year-old South African took a particular interest in the problems facing the aging population of industrial societies. It is a theme which has carried through his professional life since he stumbled […]

Private Label caps for election volatility

Private Label is launching a capped mortgage as it belie ves the forthcoming general election may result in volatile interest rates in future years. The general election cap mortgage has a three-year upper limit of 5.99 per cent and no lower limit, so borrowers will benefit from any reductions that may be made in interest […]


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