The Bank of England has today cut the interest rate from 4.5% down to 3%, much bigger than expected. The rate is now at it’s lowest since 1955, and the 1.5% cut is the most dramatic since a 2% reduction in 1981.
The Priminister has asked all banks and building societies to pass on the interest [...]
Category Archives: Business
Interest Rates Cut to 3%
6 November 2008 – 12:32 pm
Nationwide Announces Merger
8 September 2008 – 10:32 am
The Nationwide Building Society has announced plans to merge with two of its smaller rivals, the Derbyshire and Cheshire Building Societies, after they individually approached the Nationwide to help them survive the economic climate and seek protection for their borrowers and savers.