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Update: Four mortgage lenders pass 0.25% rate cut to customers

Coventry Building Society, Santander, Barclays and NatWest became the first brands to pass on the Bank of England’s 0.25% rate cut to borrowers, after today’s Monetary Policy Committee (MCP) unanimous vote. Bank of England governor Mark Carney made his feelings clear today on how he expects banks to react to the interest rate cut. “Banks […]

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The Monetary Policy Committee (MPC) took the historic step of slashing rates to 0.25% at midday today, in a bid to settle post-Brexit vote markets and drive up consumer confidence.

Until today, the Bank of England Base Rate had been held at 0.5% since March 2009. The Bank of England has also extended Quantitative Easing (QE) by £60bn to £435bn by a vote of 6-3. In the second meeting of the Bank of England’s Monetary Policy Committee (MPC) since the UK’s momentous Brexit decision, members […]

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EU Ref Comment from Michelle Niziol

“In an ever connected and interrelated world some powers  – such as those to do with climate change, international trade, organised crime, cultural terrorism and financial governance – increasingly have to go upwards beyond nation states; and others – such as housing, health, education, police, transport and employment ~will inevitably be further devolved down to […]

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