View more on these topics

BoE serious about keeping inflation low, says Lloyds TSB

The Bank of Englands decision to raise rates in January is a sign that it is serious about keeping inflation low, says Lloyds TSB.

Trevor Williams, chief economist of Lloyds TSB corporate markets, says: The timing of the rise is a surprise but the decision isnt.

Many forecasters were expecting a move in February so while this is a month earlier than anticipated, it isnt a complete shock.

The decision is driven by concerns about inflation growing above its target while growth in the economy is strong, with manufacturing output and services output expanding.

The Bank of England is concerned that the pace of activity, with inflation above target, could induce further pay growth in the round of wage negotiations between January and April.

So this move is intended to warn that the Bank of England is serious about keeping price inflation low.


Crown earns high rating

Fitch Ratings has given Crown Mortgage Management UK a positive rating, with its UK commercial mortgage ratings being the second highest possible. Crown manages mortgage outsourcing for organisations including the Royal Bank of Scotland.

100 days to go before HIPs become reality

There are now just 100 working days to go before Home Information Packs become mandatory on June 1.As the deadline draws nearer, The Partnership is reporting a major change in attitudes among estate agents. The HIP provider says there is a growing acceptance among estate agents that the introduction of HIPs is looking more certain […]

Brokers are positive about AVMs

Brokers are positive about the role of automated valuation models despite research from Pink Home Loans showing 10% have never heard of them.

piggy, cash, money

A tailored approach to protection

By Ian Smart, Product Architect, Royal London In an ideal world, clients would be able to afford as much protection cover as they wanted, but few would describe current times as anything approaching ideal. But this doesn’t mean that they have to indulge in an either/or decision that results in missing out on some essential […]


News and expert analysis straight to your inbox

Sign up