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29/09/2010
UK's Unsecured Debt Being Repaid
The Bank of England has said UK consumers repaid more unsecured debt than they took out in new loans during the month of August.
Since November 2009, net consumer credit, including overdrafts, personal loans and credit card borrowing, fell substantially by £120m.
The figures were released shortly after Charlie Bean, the Bank's Deputy Governor, suggested savers spend a portion of their savings to help boost the economy.
The Bank's figures show that 47,372 home loans were approved in August, 974 fewer than in the previous months.
Mortgage approvals for house purchases also dipped slightly.
(BMcN)
Since November 2009, net consumer credit, including overdrafts, personal loans and credit card borrowing, fell substantially by £120m.
The figures were released shortly after Charlie Bean, the Bank's Deputy Governor, suggested savers spend a portion of their savings to help boost the economy.
The Bank's figures show that 47,372 home loans were approved in August, 974 fewer than in the previous months.
Mortgage approvals for house purchases also dipped slightly.
(BMcN)
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28 September 2011
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Libya is continuing to move towards something like normal life with news today that ECGD, the UK's export credit agency (ECA), has announced it was resuming cover for British exports to Libya.
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02 February 2012
Labour Question Tax Deal For Student Loans Chief
Labour's Shadow Exchequer Secretary has called for an investigation after reports emerged that the chief executive of the Student Loans Company was paid through a third party company.
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02 November 2011
Student Loan Company Recruits 'Lab Subjects'
Students from across the country are being recruited to take part in a unique experiment, which could shape how student finance products and services are run in the future. The Student Loans Company (SLC) has launched a nationwide search for 5,000 customers to take part in its online Student Finance Lab.
Student Loan Company Recruits 'Lab Subjects'
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05 May 2011
Bank Of England Maintains Bank Rate At 0.5%
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 maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
Bank Of England Maintains Bank Rate At 0.5%
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 maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
17 December 2009
National News In Brief
White Christmas? About 200 drivers on the M20 and M2 in Kent were stuck in tailbacks overnight and flights have also been cancelled. Other commuters are also experiencing travel disruption as heavy snow falls across much of the UK, with south-east and east England worst affected.
National News In Brief
White Christmas? About 200 drivers on the M20 and M2 in Kent were stuck in tailbacks overnight and flights have also been cancelled. Other commuters are also experiencing travel disruption as heavy snow falls across much of the UK, with south-east and east England worst affected.
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Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
