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THE  BANK  OF  ENGLAND  BASE  RATE  IS  CURRENTLY  SET  AT  0.50  %

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Compensation on the way for Icesave customers - 25th Oct 2008


More than 200,000 retail depositors with savings in Icesave UK, the topped up retail deposit business of the UK branch of Landsbanki, will get back their savings through an accelerated process, the Financial Services Compensation Scheme (FSCS) announced yesterday.



OPEC cuts oil production to halt the price drop - 24th Oct 2008


The Organization of the Petroleum Exporting Countries (OPEC) has announced in Vienna today that they will cut the oil supply by 1.5 million barrels a day to “steady” the prices.



Unsecured loan rates are going up - 22nd Oct 2008


Lenders are increasing their unsecured loan rates whilst the Bank of England base rate is coming down.



Temporary workers get same rights as the permanent employees - 22nd Oct 2008


The European Parliament has passed the bill that enhances the rights of the temporary or agency workers.



Bank of England governor hints at further rate cuts - 21st Oct 2008


Speaking at an event in Leeds, Mervyn King, the governor of the Bank of England gave the strongest hint that the interest rates are on their way down.



Sunday’s lighter note - 19th Oct 2008


As Mrs Sarah Palin is increasingly being referred to as “President Bush’s female version”, here are some of the priceless quotes from the world’s  most powerful man.




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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.

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