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MPC keeps base rate and quantitative easing on hold again

The Monetary Policy Committee voted unanimously to keep the base rate on hold and maintain the quantitative easing programme at £275bn earlier this month, minutes of the meeting have revealed.

All nine members opted to keep the base rate at its historic low of 0.5% and voted for no more QE at their January meeting, as they have for the last two months.
The minutes show that the MPC judged the majority of large banks have not yet passed on higher funding costs to their lending rates fully, meaning there is a risk of tightening credit conditions in the near term.

They also reveal that there has been little change in inflation expectations, with MPC members believing that inflation will continue to fall sharply in the coming months.

The MPC says considerable downside risks from the global economy remain, but notes that there have been positive developments over the past month, with actions by the European Central Bank helping reduce the immediate risk of severe difficulties in the European banking sector.


Amendment vital to welfare reform bill

After publication of the Welfare Reform Bill last year, many expressed concern about its plan to pay housing benefit direct to tenants instead of landlords.

Version 9 on track as TrigoldCrystal sees profits double

TrigoldCrystal saw pre-tax profits of £614,682 for the year ending November 30 2011, almost double its £319,360 profit in 2010, its chief executive has revealed. Its earnings before interest, taxes, depreciation and amortisation, were also up, amounting to £1.35m for the year – up from £1.2m in 2010. Jon Whitmore, chief executive officer of TrigoldCrystal, […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


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