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02-06-2009
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First National Stops Lending
31-03-2009
GE Money withdraws the First National brand. GE money have made the decision to withdraw First National in order to manage their lending in the current economic... More
02-06-2009
More
31-03-2009
GE Money withdraws the First National brand. GE money have made the decision to withdraw First National in order to manage their lending in the current economic... More
BBR drops to 3% - 06-11-2008
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The Bank of England drops the base rate by 1.5% to 3%.
The reduction in Bank Base Rate to 3% is a greater reduction than most expected, and the biggest drop since 1955.
There had been widespread calls from within the industry to make a reduction in base rate as the economy has weakened and recession looks likely.
Gordon Brown has urged banks to pass this cut in rates onto their customers to help get liquidity back into the banking system.
Lloyds TSB (including Cheltenham & Gloucester) has promised to pass the cuts on to their variable rate customers.
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Members of the general public seeking further information should contact their financial adviser.
Members of the general public seeking further information should contact their financial adviser.