Tag Archives: Bank of England

The Premium Bond Prize Pot Rises by 50%

NATIONAL SAVINGS Synopsis: The Premium Bond prize rate has jumped, but it is still meagre… It is probably just a coincidence that in the week that the Office of National Statistics announced a record £16.1bn of public sector borrowing for August, National Savings & Investments (NS&I) revealed improved terms for Premium Bonds. We commented in […]

Wealth Check: ‘I want to retire at 40. Am I deluded?’

Case Study Taken from The Independent, Saturday 10 January 2009 Nick Eddy, 27, is originally from Victoria, Australia and has been living in London for less than a year. He is a civil engineer and has been working in construction management for the 2012 Olympic Games for the past four years. Nick doesn’t have an […]

If stock picking didn’t work in 2008, when will it work?

It seems plausible that last year’s financial meltdown was so extensive and so well-advertised that investment experts (in particular, stockbrokers and discretionary managers) would have found it relatively easy to outperform the broad market by selecting the right stocks or sectors. But a review of several widely read sources of advice suggests that, in at […]

Base rate cut by another 0.5%

The Bank of England has again cut interest rates, bringing base rate down to just 1.5%, its lowest level since the creation of the bank in 1694. In a statement issued alongside the announcement the Bank highlighted several factors leading to its decision: ´The world economy appears to be undergoing an unusually sharp and synchronised […]