The bank of England has decided to keep the UK interest base rate at its historic low of 0.5 per cent for the sixth consecutive month. The MPC has also voted to keep its ‘Quantitive Easing’ spending at £175 billion which is expected to take at least two more months to complete.The decision came as [...]

 Personal debt in the UK has fallen for the first time since records began. With interest rates in the UK currently at an all time low, the opportunity for home owners to pay off more than the minimum payments on their mortgages and other loans has helped to wipe off more than £600 million owed [...]

 UK house prices have risen again. Three consecutive monthly rises means that the average cost of a home in the UK is now £155,885. Nationwide stated earlier this month that ‘prices rose for the fourth month in a row during August, increasing by 1.6 per cent, while the annual rate of decline narrowed to just [...]