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DAILY TELEGRAPH Joke of the year award: give your verdict - Thu, 09 Feb 2012 11:22:01 GMT
Joke of the year award: give your verdict - Thu, 09 Feb 2012 11:30:27 GMT
FINANCIAL TIMES New Greek demands threaten debt deal - Thu, 09 Feb 2012 12:23:40 GMT
New Greek demands threaten debt deal - Thu, 09 Feb 2012 11:57:02 GMT
BBC NEWS BBC News - Business - Thu, 09 Feb 2012 10:25:36 GMT
BBC News - Business - Thu, 09 Feb 2012 12:35:38 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Indefinite hold on rates
Alan Cleary, managing director of Exact Mortgage Experts, has called for interest rates to be held at 0.5% indefinitely.
Commenting on yesterday’s decision to keep the base rate at 0.5% for the eleventh consecutive month, he said: "Rates need to be kept on hold indefinitely. You wouldn't take a
plaster-cast off of a broken leg until you knew the bone had healed sufficiently. The same goes for the lending market. It simply hasn't had sufficient time to recover enough to withstand the impact of a rate rise.
“The MPC needs to make sure there are enough lenders competing to satisfy the built up demand of borrowers. A rate hike before this situation would be catastrophic to recovery.”
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- Landlord Assist calls Government plans “impractical”