Archives for 22 June 2007
Constant base rate ‘to ease debt problems’
The monetary policy committee’s (MPC) decision to maintain the Bank of England’s base rate at 5.5 per cent is an attempt to ease debt problems, according to the minutes of the June meeting.
While MPC members expressed a desire to raise rates by 0.25 per cent, there was some concern that consecutive increases could place […]
Debit cards ‘could raise debt levels’
The increased uptake of debit cards could result in higher debt levels as retailers raise prices to cover processing costs, it has been warned.
UK payments association Apacs advises that retailers wishing to accept payments by debit card are likely to be charged a fee as a percentage of the value of the transaction.
And a […]