April 11, 2024
“Sadiq Khan spent £3 million of taxpayers’ money planning a pay-per-mile road charging system, amid fears he could bring the scheme in if he is re-elected. Transport officials were working on a driver charging project as recently as January, even though… Continue Reading…
November 10, 2023
Recently I saw a video about making money and how not to have a victim mentality. I thought it’d be something good to share. He talks about how a persons words and their mindset affects their actions. Basically it’s about… Continue Reading…
September 21, 2023
“The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had been hiking rates consistently since December 2021 in a bid to rein in inflation,… Continue Reading…
August 30, 2023
“…In late July, the central bank estimated that it would require the U.K. Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility (APF)… Raja concluded that the cost to the Treasury of indemnifying the central bank over… Continue Reading…
July 5, 2023
“JP Morgan Chase has said there is a risk that the Bank of England will have to push interest rates as high as 7pc and trigger a “hard landing” in the economy to quell inflation….” https://finance.yahoo.com/news/bank-england-considers-clampdown-foreign-063037616.html Guess what? If inflation… Continue Reading…
June 23, 2023
“The mortgage crisis will wipe out the savings of 1.2m families this year and push many into insolvency, economists have warned. Households having to remortgage face their bills rising by nearly 50pc, according to the National Institute of Economic and Social Research… Continue Reading…
May 5, 2022
“…The Bank’s Monetary Policy Committee approved a 25-basis point increase by a majority of 6-3, taking the base interest rate up to 1%. The Bank said the members in the minority preferred to increase interest rates by 0.5 percentage points… Continue Reading…
May 24, 2021
“The Bank of England will fail to pay a dividend to the Treasury this year for the first time in living memory after struggling to break even, posing a risk to its independence. Minutes of the February meeting of the… Continue Reading…
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