Latest Update

Financial News for 2015

Things to look out for in 2015 include the following but is not limited to:

Quantitative easing in the Eurozone - The European Central bank has confirmed that €60 billion will be printed every month Well at least that is the initial ne year plan. 

The question is raised time and time again: when will the Bank of England raise interest rates? The answer is of interest to many Britons sense inflation has been decreasing. It has been a record low interest rates in the UK. Whether low inflation is a good thing or bad thing is a matter of debate.

There are a number of factors that have contributed to the very low inflation rates in the UK

1)  In 2014, the price of oil was extremely low despite the pockets of war that were occurring in the region and this level continued into the 2015. 

2) We continue to see supermarkets battle it out to win the majority customer base by cutting the price of our shopping. A lower shopping bill is welcomed. 

3) The cost of producing energy has also decreased somewhat. Average Electric tariffs by unit in kilowatt rate is around 10.00 pence while Gas tariffs are on average 2.5 pence.

If you have taken out an unsecured loan to help pay for your energy bills, motoring services and stock up on tins of food then it makes sense to shop around to find the best deals.

Loan Information:

When will interest rates rise? 

Possibly February 2016 

What is the rate of inflation?

The average rate of inflation for 2015 will be 0.5%. This has been the lowest for 14 years.

What is the Enterprise Finance Guarentee?

Funded by the tax-payer, it was set up in 2009 to help small business who maybe experiencing difficulties obtaining credit.

How do UK lending providers contribute to economic recovery?

By offering services of consumer borrowing and the housing market loans.