Originally posted by northernladuk
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What race are you claiming to be part of today? (perhaps ask your accountant on that one)…Maybe we ain’t that young anymore -
Bank Rate maintained at 5% - September 2024
No significant surprises here as it would have been a fairly bold decision to have swiped a further 0.25% from the base rate.
Full report here:
https://www.bankofengland.co.uk/mone...september-2024Comment
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You are Gary Linaker and I claim my 5 crispsOriginally posted by northernladuk View PostAlways forgive your enemies; nothing annoys them so much.Comment
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The end of LIBOR
Full report here from the Bank Of England:
https://www.bankofengland.co.uk/news...ST_EMAIL_ID%5D
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Bank Rate reduced to 4.75% - November 2024
Looking at the report, it is interesting to note that there was a 8-1 majority to reduce the base rate by 0.25%. This essentially means that they are confident that inflation is heading in the right direction.
Full report here:
https://www.bankofengland.co.uk/mone.../november-2024Comment
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Bank of England's Mann sees upward inflation risks
An interesting report showing that the UK is not out of the woods yet when it comes to inflation.
Full report here:
https://www.reuters.com/world/uk/ban...ks-2024-11-13/Comment
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The initial goal of the Bank of England in raising interest rates was to curb inflation driven primarily by retail spending. However, it has become increasingly clear that current inflation is largely influenced by government actions, local authorities, and organizations such as Ofgem.Originally posted by Martin@AS Financial View Post"A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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PRA and FCA publish consultation on pay for senior bankers
An interesting report from the BOE who are setting out plans to reduce restrictions on bonuses for senior bankers.
Full report here:
https://www.bankofengland.co.uk/news...senior-bankersComment
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UK inflation hits 8-month high but underlying pressures steady
An interesting report from Reuters and the impact this may have on the Bank of England's next rate decision:
https://www.reuters.com/world/uk/uk-...er-2024-12-18/
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Well yes, but we should note that the prices of the services sector holding steady is as much to do with the overall reduction in business activity and especially hiring that is currently happening. By any sensible measure, the economy is not doing that well at the moment. It will hopefully recover next year, but it's not all that unlikely it will do the opposite.Originally posted by Martin@AS Financial View PostBlog? What blog...?
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