News Tag: programme

February 4, 2010

BoE keeps interest rates on hold and halts QE

by Kay Murchie
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% for the eleventh month in a row. In addition, it has put the brakes on its quantitative easing (QE) scheme - introduced to stimulate growth within the economy. QE, also known as printing money, ...

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December 23, 2009

BoE policymakers voted 9-0 to keep interest rates on hold

by Kay Murchie
Minutes of the Bank of England’s December meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%. Furthermore, the Bank also opted to leave its quantitative easing (QE) programme unchanged at £200 billion. In November, the MPC extended its ...

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Quantitative easing set to be extended according to reports

by Kay Murchie
The Daily Mail has reported that the Bank of England is set to extend its quantitative easing (QE) scheme by as much as £25 billion next year. QE, also known as printing money, is a process whereby the Treasury injects funds into the financial system to ease pressure on banks by giving them extra capital. In November, the ...

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December 10, 2009

BoE widely expected to leave interest rates at 0.5% today

by Kay Murchie
The Bank of England’s Monetary Policy Committee (MPC) is today expected to keep UK interest rates on hold at the historically low level of 0.5% for the ninth month in a row. Last month, the Bank announced that it would pump another £25 billion into the economy under its quantitative easing programme. The amount was in addition to the ...

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November 10, 2009

Ericsson to cut 17% of UK workforce

by Kay Murchie
As part of its ongoing global cost-cutting programme, Swedish telecoms equipment maker Ericsson is to eliminate 700 jobs from its research and development operation in Coventry. The cuts will be made by the middle of next year and the company said after that time, the facility would no longer be viable. Ericsson has been in Coventry for four years since it acquired ...

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July 27, 2009

Government to kickstart mothballed housing projects

by Gill Montia
The Government has announced a £925 million initiative that could allow work to recommence on 270 stalled development projects across England. According to Housing Minister, John Healey, the scheme could get building work on 22,400 homes back on track and create 20,000 jobs. Every region already has projects shortlisted under the Kickstart programme, which forms part of Prime Minister Gordon Brown's "Housing ...

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