Archive for August, 2007

TweetShareAfter increasing the cost of borrowing in July for the fifth time in less than a year, the Bank of England’s monetary policy committee has opted to hold fire and maintain the base rate at 5.75 per cent for another month at least. But with the cost of borrowing already at a six-year high, there [...]

TweetShareResearch by the Association of Business Recovery Professionals (R3) also found that, despite the increasing prevalence of debt management problems across the UK, only eight per cent of those polled found it difficult to access credit. Moreover, a full 62 per cent of those people whose borrowing has put them in serious financial difficulty said [...]