View more on these topics

Lib Dems urge reform in MPC appointments

The Liberal Democrat Party has called on the government to go further in its reforms of Bank of England’s Monetary Policy Committee appointments.

This follows Gordon Brown’s announcement that new positions will be publicly advertised.

Vince Cable, Liberal Democrat shadow chancellor, says: “The Liberal Democrats advocated the policy of setting up an independent MPC to set interest rates long before the government.

“In general the policy has been very successful.

“However, we have consistently argued since 2002 that further steps should be taken to strengthen the independence of members and remove any possible suggestion of political favouritism.

“Future appointments should be made on a longer, single term, basis with scrutiny of the decision by the Treasury Select Committee before the appointment is made.”

Recommended

KRS to take on 50 advisers

Key Retirement Solutions is expanding its adviser workforce. It plans to increase its sales by more than 20% during 2007 and is looking to recruit a minimum of 50 advisers over the next 12 months.

Lloyds TSB texts to keep consumers informed

Lloyds TSB has launched a mobile text service for customers that aims to take the stress out of the home buying process.The free service gives customers updates on their mortgage applications through regular text messages to their mobile phones.Customers applying for new mortgages through Lloyds TSB branches or by telephone will receive text alerts when […]

BoS launches five B2L deals

Bank of Scotland has launched five buy-to-let products with rental income calculations based on 100% of the initial product pay rate. The range includes a two-year tracker at base rate plus 0.21% and a two-year fix at 5.99%, both with LTVs of 85%.

Pink extends secured loans commission offer

Pink Home Loans has extended the end date on its secured loans commission enhancement campaign until the end of August. This means that intermediaries will receive a 10% enhancement on their commission payments.The campaign is open to appointed representative’s and registered directly authorised intermediaries of Pink. Pink works in partnership with Colonial Secured Loans, who […]

Newsletter

News and expert analysis straight to your inbox

Sign up