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Bank of England holds base rate at 0.5%

The Bank of England has confirmed the base interest rate will be held at 0.5 per cent for the 74th consecutive month. The Bank’s Monetary Policy Committee has also voted to keep the quantitative easing programme at £375bn, a level that has been maintained since July 2012 when it was increased by £50bn. The Bank’s […]

Ukip economics spokesman Patrick O’Flynn resigns

Ukip economics spokesman Patrick O’Flynn has stepped down after admitting he should not have attacked Nigel Farage in the aftermath of the election. Farage quit as Ukip leader directly after the election, only to return three days later, bringing criticism from within his own party. At the time O’Flynn described Farage as “snarling, thin-skinned and aggressive”. […]

Ambitious landlords fuelling rise in remortgage business

Competitive rates and ambitious landlords are driving a growing focus on remortgaging among buy-to-let lenders, according to experts. Figures issued by broker Mortgages for Business show that 66 per cent of buy-to-let loans were for remortgages in the first quarter of 2015, up from 62 per cent at the end of 2014. Remortgages have now […]

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FCA in talks with industry and lawyers on insistent clients

The FCA is in discussions with industry representatives and lawyers on its approach to insistent clients. Any saver who wants to ditch their defined benefit scheme for a defined contribution plan to take advantage of the new pension freedoms will be required to take advice before transferring. Industry experts have raised concerns that advisers who […]

The Rubik’s Cube: China’s policy trilemma

By Douglas Turnbull, Investment Director, Head of Chinese Equities China faces a ‘Rubik’s Cube’ policy trilemma, whereby it needs to sustain a minimum acceptable level of growth, deal with issues such as overcapacity and reform the financial system to make it a far more efficient allocator of capital. Given the contradictory nature of these objectives, […]

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