The Individual Savings Account, or ISA, explained in easy terms.

Bank of England cuts the Interest Rate to 0.5% – 5th March 2009 It sounds nice but who is actually going to benefit? If I lend you £100,000 and charge you 1% interest you pay back £1,000, if I charge you half that, now 0.5% well you will owe me £500. Of course you save [...]

Interest Rate cut of 1.5% 06 Nov 2008 Ordinarily, a huge base rate reduction of 1.5% would have Britain’s consumers running for the tills and buyers flooding into the housing market. But these are not ordinary times (and the Bank of England is counting on it, otherwise their move would be inflationary). The immediate effect [...]