UK Banks quick to take money slow to give

Bank rate rises are always big news and the latest quarter point rise in interest rates to 5 per cent puts interest rates at their highest level for five years. Inflation figures which are hanging round the 2.5% have seen the Bank of England act to keep inflation under control, with a target rate of

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UK property price inflation eases

The annual rate of inflation in the UK property market has slowed down from 5.6 per cent in May 2006 to 5.2 per cent in June, the government has announced.In London, the reduction was more pronounced, from seven per cent in May to 5.8 per cent in June, while the annual inflation rate for the quarter

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