The Bank of England decision today to drop interest rates to 1½ % is the lowest interest rate in the Banks 314 year history, since it was established in 1694. The Banks of England’s reason for another drop in the base rate is their concern about inflation, the costs of imports as sterling is...
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It’s nearly a week since the Bank of England dropped their base rate from 5% to 4.5% and we are still waiting for more competitive interest rates from the banks for mortgages, remortgages personal and business loans. It seems that the top four banks namely, RBS, Lloyds TSB, HBOS and Barclay’s Bank were quick...
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