Ample Financial Services Blog

Base rate at 2%

2008-12-05T08:11:00.001-08:00

The Bank of England has slashed its base rate to 2%, matching the lowest level in its 314-year history. This is good news for borrowers, but bad for savers.

THe costs of the VAT change

2008-12-02T01:10:00.000-08:00

Small business owner, Paul Smart talks about the effect the government's 2.5% VAT cut, has had and will have on his firm. Mr Smart says accommodating the rate cut has been a costly and "arduous task" view the link http://news.bbc.co.uk/1/hi/business/7757966.stm

2008-11-26T01:16:00.000-08:00

The government is to cut VAT from 17.5% to 15% for 13 months to boost spending. Do you think this will be passed on by the retailer? Just how much will it cost them to change the prices, and will we notice anyway?

US Government's rescue plan

2008-11-24T01:42:00.000-08:00

The US government has announced a rescue plan for troubled banking giant Citigroup after its shares plunged by more than 60% last week.
The US Treasury is set to invest $20bn (£13.4bn) in return for preferred shares in Citigroup.
The Treasury and the Federal Deposit Insurance Corp will also guarantee up to $306bn (£205bn) of risky loans and securities on Citigroup's books.

2008-11-21T07:40:00.001-08:00

Sir Peter Burt and Sir George Mathewson have abandoned their attempt to stop the takeover of HBOS by Lloyds TSB.

Welcome

2008-11-21T06:28:00.000-08:00

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