- Trumpo questions the credit crunch blame game
- The Trumpo blog launched in September 07 stating that the B&B may well be the next Northern Rock.
- Wed 14th May 2008
- Lowest number of Mortgage Approvals since records began.
- In a breaking report from the Bank of England only 64,000 mortgages were approved last month.
- Tue 29th Apr 2008
- Are the Banks getting greedy?
- In a test case in the High Court today, 8 UK Banks may be deemed to have be charging their customers unfairly.
- Thu 24th Apr 2008
Experts predict no change for interest rates
Wed 9 Jan 2008 4pm
A number of financial analysts have predicted that the Bank of England will hold interest rates at 5.5 per cent this month.With the Bank's monetary policy committee set to make its latest base rate announcement tomorrow, the consensus in the financial industry seems to be that consumers will have to wait until February for a reduction in the cost of borrowing.
Chief economist at Lloyds TSB Trevor Williams said that "there certainly will be a cut in the next few months" but stated that it is more likely to occur in February, as then the policymakers will have "a better feel for how the economy has performed over the last few months".
These sentiments were echoed by Halifax chief economist Martin Ellis and Howard Archer of Global Insight, who said that he would "lean marginally towards a hold" but predicted that it would be "a very tight vote".
However, UK economist at Barclays Capital Simon Hayes provided an alternative view by forecasting a quarter point reduction in the base rate.
The minutes of this week's MPC meeting will be published on January 23rd.
