BGN Entrepreneur

The threat of redundancy and a difficult mortgage market mean that a lot of people are feeling the needs to save more money. however, with Bank of England base rates chopped to 0.5%, the accessible savings landscape looks bleak at the very first glance. More than 40 savings providers have reduced their own interest rates [...]

Bank of England drastically cut its forecast for UK’s economy in 2009, predicting a further shrink at an annual pace of as much as 4% during the summer, which will be more than twice as bad as its assessment last November. A deep recession is also expects to drag on for most of the year.
The [...]

Two weeks have past ever since the Bank of England cut the base rate to a record low of 1.5%, leaving lots of savers struggling to earn a return on their cash.
The average rate on an instant easy access account stands at 1.46% on a balance of £1000. Nearly 50 savings accounts on the market [...]

Today, the Bank of England ordered another half-point cut in interest rates, as it kept up its aggressive campaign to breathe life into the stalled economy. The move amid soaring fears over Britain’s rapidly worsening prospects following a deluge of dire economic news and a mounting toll of job losses, brings the interest rate down [...]