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Posts Tagged ‘Howard Archer’

Bank of England discussed 2% rate cut

Posted in Banking, tagged , , , , on November 20, 2008 | Leave a Comment »

A cut in interest rates in time for Christmas became a virtual certainty yesterday. The current 3% rate is set to fall to 2.5% or even two. This would be the cheapest cost of borrowing since 1951 and equal to the lowest ever rate since the Bank of England was formed 1694.

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Prices of homes dropping at fastest rate since 1952

Posted in Property News, tagged , , , , , on November 6, 2008 | Leave a Comment »

Nationwide said prices fell 14.6% over the past 12 months to £158,872, and dropped 1.4% in the month to October – the 12th monthly fall in a row. Economists have predicted that house prices have a lot further to fall. Howard Archer at IHS Global Insight, said: “Faster rising unemployment, major concerns over recession and [...]

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