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No change in Bank of England base rate

The Monetary Policy Committee voted today to keep base rate at 3.75 per cent for another month. This was largely expected by the industry following a 0.25 per cent increase last month.

Charcol senior technical manager Ray Boulger says: “Any decision other than no change would have been a major surprise &#45 we do not expect further Base Rate increases for a couple of months yet.”

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Advisers working with blue-collar workers should sit up and take note of a new kid on the income protection block. Holloway Friendly Society has taken an innovative look at this too often underestimated product. Unlike more traditional products, its plan has day-one cover, no female or smoker loadings and, most significantly, no occupational loadings. Combine […]

House prices up by 1.2 per cent in November – Nationwide

House prices rose by 1.2 per cent in November down from a 2 per cent rise in October, according to Nationwide&#39s monthly house price index. The average house cost £133,388 in November up from £131,947 in October. Group economist Alex Bannister says: “The housing market remained firm in November with the price of the typical […]

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