May 7, 2021 | Government Announcements
The Bank of England (BoE) released its monetary policy report for May 2021 in which they confirmed interest rates would be kept at 0.1%. It also said it would keep quantitative easing at its current total, £895 billion, a process that involves the BoE creating new...
May 4, 2021 | Government Announcements
The Government launched a new programme, designed to help people struggling with financial difficulties. People under the scheme, dubbed ‘breathing space', will have legal protection from creditors for 60 days, with most interest and penalty charges frozen and...
Apr 21, 2021 | Government Announcements
The Treasury and Bank of England (BoE) have formed a joint taskforce to examine whether to create a central bank digital currency (CBDC). In a statement released earlier this week, the BoE said any new form of digital asset would not replace cash and bank deposits,...
Apr 19, 2021 | Government Announcements
A government-backed mortgage scheme aiming to help more people get in the housing market has launched today. First announced by Chancellor Rishi Sunak in the Spring Budget, the scheme will allow first-time buyers to secure a mortgage with a 5% deposit on a house worth...
Apr 7, 2021 | Government Announcements
With non-essential businesses poised to reopen next week, lenders have been given the all clear to provide a wave of financial support to businesses as part of the Government's recovery loan scheme (RLS). Announced by Chancellor Rishi Sunak in the Budget last month,...
