Rat and Mouse
Fri
04
Jan
Bank issues cost of borrowing warning

It's called the Credit Conditions Survey, and it's warning that 2008 will be an expensive year for borrowers, whether the Bank of England continues to cut base rates or not. Loans will be harder to come by, and will cost more, as lenders increase their mark-up (which, by November, had already risen to six times the five-year average). More here.

The Bank of England's not your dad [December 21, 2007]

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Comments

At last. Somebody picking up on the real story. It's as if the Rat's the only place that's noticed.

Posted by MoneyManager at January 7, 2008 5:46 PM


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