View more on these topics

Rates stay put


The Bank of England Monetary Policy Committee has decided to leave the base rate unchanged.

Clydesdale chief economist Tom Vosa says:
“The decision was widely expected given signs that the housing market has stabilised and the continued high level of energy prices. It may be a little clearer whether reductions are on the horizon on Wednesday next week, when the Bank publishes its November Inflation Report. We would not be surprised to see market discussion of rate cuts by the end of next week.”

Recommended

The retiring type

The revolving door at the Department of Work and Pensions is still in working order. We have had the following at the DWP since Labour came to power – Harriet Harman, Jeff Rooker, Alasdair Darling, Alan Johnson, David Blunkett and now John Hutton.

‘IFA involvement is critical in ABI review’

The Association of British Ins- urers must involve more IFAs and medical professionals if its critical-illness consultation is to save the product, warns Standard Life protection marketing manager Mick James. More effort at explaining the product to consumers through intermediaries and less attempts at tampering with tiered payments and cancer definitions are needed if the […]

Bank of Scotland Mortgages appoints Charles Haresnape as md

Charles Haresnape has been appointed as managing director Bank of Scotland Mortgages. He will take responsibility for developing the Bank of Scotland intermediary business through its next phase of growth. He will report to Nigel Stockton, Managing Director of HBOS Intermediaries and will join the senior management team of the group’s intermediary mortgage businesses. He […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment