THE Bank of England left its rates and money-printing strategy unchanged against an improving economic backdrop.
The Old Lady pegged rates at the historic low of 0.5pc and stuck with plans to purchase £125bn of gilts and corporate bonds. The news came as optimism continues to grow about the UK’s economic prospects.
House prices staged an unexpectedly powerful 2.6pc rebound in May, according to the Halifax. It was the strongest rise since 2002. The Price jump came just a day after Britain’s dominant services sector returned to growth for the first time in a year.
Yesterday Barclays upgraded its economic forecasts, predicting that national income will start growing again in the second half of 2009.
Courtesy of Daily Mail
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- SWP - Advertising agency
- Just minutes from Manchester city centre, SWP is a flourishing advertising and marketing agency with a team of professionals that have an amazing range of experience and skills underpinning everything we do. We believe in working closely with you, because understanding your business thoroughly helps us to plan and build strategies that work harder to reach your target audience and increase your market share. Whether it’s giving greater impact to your brand, creating a persuasive advertising campaign or optimising your business online, clients find our seamless service far more cost-effective… and these days that can’t be underestimated.
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