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Bank of England Maintains Bank Rate at 0.5%
Thursday, 09 April 2009

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with the programme, announced on 5 March, of asset purchases totalling £75 billion financed by the issuance of central bank reserves. 

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BSA comments on Bank Rate announcement
Thursday, 09 April 2009

Commenting on the decision by the Bank of England to keep the Bank Rate at 0.5%, Adrian Coles, Director-General of the BSA, said:

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Report on Jobs - Permanent placements fell at the slowest rate for six months in March
Wednesday, 08 April 2009

The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs – published today – provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.

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BBA Budget submission: stop a billion unnecessary tax invoices heading our way
Wednesday, 08 April 2009

EU proposals under discussion could result in bank customers receiving over a billion useless VAT invoices alongside their statements unless the Chancellor uses his coming Budget to commit to reversing red tape, the British Bankers' Association said today.

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Slight fall to consumer confidence
Wednesday, 08 April 2009

The Nationwide Consumer Confidence Index fell to 41 in March, down from 43 in February. However, confidence has stayed broadly stable since the start of the year. The Expectations and Present Situation indices also fell, to 56 and 19 respectively, in March. The Spending Index remained static at 94.

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Mobile banking
Tuesday, 07 April 2009

The next generation of handsets and customers’ growing access to mobile internet are driving a new wave of sophisticated mobile banking offers.

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CML media note on today’s issue of News & Views
Tuesday, 07 April 2009

With everyone expecting mortgage payment problems to increase as the recession worsens, we take a fresh look at what’s known about current levels of debt. How well placed are households to keep up with their commitments, and what are the triggers that push them over the edge?

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OFT review 'risks confusion for consumers'
Tuesday, 07 April 2009

The Finance & Leasing Association (FLA)  has responded to today’s announcement by the OFT of a further review of the consumer credit sector by voicing concern about the number of parallel reviews currently underway.

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BBA statement on OFT strategy proposals
Tuesday, 07 April 2009

Competition and fairness are essential to a functioning credit industry at all times, so it is quite proper they should receive attention in an economic downturn. Our members are committed to promoting competition and fairness in financial services.

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OFT consults on financial services strategy
Tuesday, 07 April 2009

The OFT has launched a consultation on its proposed financial services strategy which sets out its approach to the sector in response to the current economic crisis.

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RCI Financial Services awards transactional mailing to CFH
Monday, 06 April 2009

RCI Financial Services Limited has awarded a new transactional mailing contract to CFH Total Document Management. As part of Groupe Renault , RCI Financial Services provides vehicle financing in the UK for both Renault and Nissan.

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