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mPC Holds Interest Rates

MPC Holds Interest Rates

The Lender of England's monetary coverage committee (MPC) has picked to keep the base interest, it has emerged.

In its January appointment, the committee opted to keep carefully the interest at 5.5 %. This comes after on from the one fourth percentage reduction which occurred in December. And even though a cut hasn't occurred, today's announcement may be welcomed by those customers who are struggling to handle the five rises applied by the lender since August 2006.

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'borrowing Up, Savings Straight down' Spells Issues for UK Economy

'borrowing Up, Savings Straight down' Spells Issues for UK Economy

Latest financial industry numbers show that UK cost savings balances are reducing simultaneously that borrowing amounts are on the boost, as an incredible number of Britons battle to pay their increased mortgage repayments and increased bills.

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