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

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Abbey is the first lender who is refusing to pass the interest rate cut to its new customers - 10th Oct 2008

Abbey has announced today that it will not be passing on the 0.50 % rate cut to its new customers.

Treasury was warned about the Icelandic banks three months ago - 10th Oct 2008

Liberal Democrats have claimed that they warned the ministers and try to get answers to written questions in July 2008 but their concerns were ignored.

Your questions and answers about UK operations of Icelandic banks - 9th Oct 2008

This week saw the collapse of Icelandic banks and created a great deal of confusion and fear for their UK customers. Here we answer some of your questions regarding Icesave, Kaupthing Edge and Heritable Bank accounts.

Banks win the first round of court battle about unfair bank charges - 9th Oct 2008

In the latest development on unfair bank charges, banks have won a judgement on reclaiming of bank charges under common law. Mr. Justice Andrew Smith ruled that most customers would not be able to use common law to challenge bank charges levied mostly between 2001 and 2007.However this does not apply to all the banks.

British Treasury has used terrorism laws to freeze Icelandic bank's assets - 9th Oct 2008

As Iceland’s Prime Minister is complaining about the use of terrorism laws to freeze the Landsbanki assets in the UK, was it the right thing to do by the British authorities?

Darling to announce the British rescue plan later on this morning - 8th Oct 2008

British Chancellor of the Exchequer has said that he will make an announcement later on today, before the markets open. The statement followed a meeting between the treasury, Gordon brown, British banks, FSA and Bank of England.




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