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Dates for your diary…

January 12
MPC meeting

The Monetary Policy Committee votes on the base rate and the size of the quantitative easing programme for the first time this year.

January 12
ECB meeting

The European Central Bank also decides today on interest rates. The bank is widely expected to cut rates from their current level of 1%, which would be the third consecutive month to see a rate cut.

January 17
Inflation figures for December published

The Office for National Statistics reveals the consumer prices index and retail prices index measures of inflation for December. It will be interesting to see whether inflation continues to fall.

January 23
CML lending data for December released

The Council of Mortgage Lenders publishes its gross mortgage lending data for December. Hopefully the figures will mark a positive end to 2011.

January 25
MPC minutes published

The Bank of England reveals the reasons behind the MPC’s January meeting decisions, as well as its latest concerns for the economy. Newcastle United defender Steven Taylor celebrates as Virgin Money signs a two-year deal to sponsor the football club.


Stringent conditions lead to drop in consumer demand

Consumer demand for mortgages fell in Q4 2011, according to lenders. The Bank of England’s latest Credit Conditions Survey, out last week, shows that demand for loans for house purchase declined in the three months to December, which lenders attribute to the inability of many prospective buyers to put down a large enough deposit, as […]


FOS proposes boosting the number of free cases from 3 to 25 in 2013

The Financial Ombudsman Service has today revealed that it’s looking to boost the number of free cases businesses are allowed from three to 25 in 2013 as it prepares to tackle a flood of payment protection insurance complaints over the coming year.

Value is best defence against pricing fears

There are fears that the European Court of Justice ruling against gender inequality reflected in insurance premiums could push up the price of protection products throughout 2012/13.


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