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Homeowners will be hit by fresh increases in mortgage rates as the storm in the eurozone hammers Britain’s financial system.
The pick of this week's articles on IFAonline...
Professional indemnity insurance (PII) experts have questioned the FSA's view that its redress scheme for Arch Cru investors will have no impact upon the future availability of cover for IFAs.
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A former member of the Monetary Policy Committee has claimed Bank of England governor Mervyn King was "unprepared for the crisis" that wrecked the world economy and "controlled the bank with an iron fist."
Reports suggesting Bank of Canada governor Mark Carney was being lined up to replace his Bank of England (BoE) counterpart Sir Mervyn King have been denied.
The Queen's Diamond Jubilee celebrations will cause the economy to contract between April and June, the Bank of England's Mervyn King has warned.
Martin Weale voiced fears over "persistent" inflation yesterday in a hawkish speech underlining the growing splits at the Bank of England over the path of monetary policy.
European banks have borrowed €529bn from the European Central Bank (ECB) in the second tranche of its three-year long-term refinancing operation (LTRO), asking for more support than forecast.
The eurozone crisis presents the biggest challenge to the UK economy which will likely follow a “zig zag” pattern of uncertain growth, said the governor of the Bank of England yesterday.
Bank of England governor Mervyn King last night backed calls for limits on boardroom pay, in a speech in which he also said the UK's economic recovery would be "arduous" and hinted at a further round of quantitative easing.
The Treasury Select Committee has criticised proposals by the Bank of England to increase accountability, saying they fall "well short" of what is needed.
Bank of England governor Mervyn King has urged investors and public authorities to pay less attention to ratings agencies, which he said have often "rushed" to downgrade.
The Bank of England has proposed setting up an internal oversight committee to monitor and assess the processes employed in making financial stability policy decisions.
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