Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Thursday, April 10, 2008

Bank of England Cuts Rates

The Bank of England has cut rates by 0.25% today.

Needless to say this will not be passed on to those in debt, as lenders are in fact raising their rates in line with LIBOR.

The phrase "Pushing a piece of string" comes to mind!

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