Bank Rate Held by Monetary Policy Committee as Brexit Uncertainty Looms

The Bank of England's Monetary Policy Committee met in the middle of December, and offered little Christmas cheer for savers. As was widely expected, the committee unanimously decided to freeze interest rates at the 0.75% Bank Rate that has now been in place for a few months.

Christopher Morris

We are now in the late-cycle market … and this is what PIMCO says

PIMCO, one of the biggest fund managers in the world with more than $1.7 trillion assets under management in December 2017, have recently published their 2018 Asset Allocation Outlook and believe that the US economy is now in the late business cycle (i.e. late in the expansion phase)...

Benedict Yung

Economists predict no base rate rise for at least a year

Several top economists have predicted that we won’t see a rise in the Bank of England’s base rate (set at 0.25% since August 2016) for at least another year. Some think we could be well into 2019 before the BoE is ready to make a change.

Identity fraud in the UK has reached ‘epidemic’ levels

Fraud prevention service Cifas reported in August that nearly 500 identities are being stolen per day in the UK. This could be a conservative figure, as...

Inflation reaches 2.9% and hits savers where it hurts

The latest Consumer Prices Index stats show that the rate of inflation rose to 2.9% in August 2017. With no savings accounts on the UK market currently meeting...

UK Tax Levels Reach 30-Year High As Proportion Of National Income

As a proportion of national income, the level of tax in the UK has reached the highest level for 30 years, a respected think tank has found.