UK inflation rate falls to 2.2% in October 2013
The Consumer Prices Index (CPI) measure of inflation fell to 2.2% in October, according to the Office for National Statistics.
The Retail Prices Index (RPI) fell to 2.6% in October from 3.2% in September.
Farrell Financial Planning does not give …
Interest rates to be linked to unemployment
The Bank of England has announced plans to keep the Bank of England base rate of interest at 0.5% until UK unemployment falls to 7%. UK unemployment is currently 7.8%.
The announcement was made by new governor, Mark Carney, at …
NS&I Reduces Rates on Premium Bonds
National Savings & Investments (NS&I) today announced that it is reducing the annual Premium Bonds prize fund rate by 0.20% to 1.30% on 1 August 2013. Also on that date, the odds of each £1 Bond number winning a prize …
UK inflation rate rises to 2.9% in June 2013
The Consumer Prices Index (CPI) measure of inflation rose to 2.9% in June, according to the Office for National Statistics.
The Retail Prices Index (RPI) rose to 3.3% in June from 3.1% in May.
Farrell Financial …
Bank of England holds interest rates and refrains from further QE
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
The quantitative easing stimulus programme has already injected £375 billion into the UK financial system.…