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

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UK rescue plan and how will it affect you - 13th Oct 2008

Government officially announced today that it would be investing £37bn in three of the UK’s largest banks. Barclays declined to take up the offer and decided to raise money elsewhere.

London Assembly likely to abandoned house-building plan - 13th Oct 2008

London Mayor Boris Johnson promised that he would build 50, 000 affordable homes in London by 2011. It emerged today that this plan might not go ahead.

UK and Iceland governments reach an agreement on Icesave - 13th Oct 2008

An agreement has been reached between UK, Iceland, and Dutch governments. Icelandic government has agreed to take responsibility to pay 4 billion Euros to the internet customers of Icesave, internet arm of Landsbanki.

Sunday’s lighter note - 12th Oct 2008

$20,000 lottery win for the man whose girlfriend stayed on the toilet seat for two years.

Britannia Building Society in talks with Co-Op bank - 12th Oct 2008

Britannia building society and co-Op has confirmed that it in talks with the Co-Operative Financial Services (CFS). Britannia has described the talks as “wide ranging”, including a possible future merger.

Holidaymakers should check if they are protected by ATOL - 11th Oct 2008

In the wake of Britain’s third largest tour operator XL, going into liquidation and leaving over 100,000 people stranded worldwide, British consumers are being warned to confirm with their travel operator to check if they are purchasing a “package” or single elements of a holiday.




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