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BoE urged to hold rates – today’s papers

by: IFAonline
  • 05/05/2011
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BoE urged to hold rates – today’s papers
A slew of downbeat economic data has bolstered the case against raising interest rates today, according to leading business groups.

The British Chambers of Commerce and the Institute of Directors (IoD) have urged policy-makers to keep interest rates at the historically low level of 0.5%, claiming any increase this month would damage economic recovery. MORE…

The FSA has approached Sir David Walker to help settle the myriad legal arguments delaying the release of its report into the collapse of Royal Bank of Scotland. MORE…

Growth in the UK construction industry slowed sharply in April, weighed down by a contraction in housing activity, data has shown. MORE…

Portugal has agreed to sell off the government’s stakes in some of its best-known companies in exchange for a €78bn (£70bn) bail-out provided by the European Union and International Monetary Fund. MORE…

The number of houses put up for sale has soared by 25% as people become more realistic about how much their homes are worth, research indicated today. MORE…

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