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Rate rise good for savings culture, says NS&I

The Bank of Englands decision to raise interest rates will prompt an improvement in the savings culture across the country, says National Savings and Investments.

Dax Harkins, NS&Is senior savings strategist, says: On top of recent rate rises this is further great news for savers.

“The UK savings culture should improve as people without debt or mortgages seek to take advantage of higher savings rates.

The recent series of rate rises has already acted as an incentive to savers, indeed our latest quarterly savings survey has shown an increase in the number of people saving regularly, from 55% in autumn 2005 to 58% in autumn 2006.


BDS to double in size this year

BDS Mortgage Group signed up more than 100 appointed representatives in the past year. It has set itself a target of doubling in sizein 2007.

Exclusive sets up office in Belfast

Exclusive Connections is setting up a branded office in Belfast. Managing director Matthew Arena says: “The Northern Ireland market is growing and the timing of the launch will benefit NI brokers and their clients.”

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading


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