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Peer2Peer Finance News | October 23, 2017

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interest rates

Cash ISA savers left £4bn short by inflation

October 20, 2017 |

LOW cash ISA rates and high inflation have left UK savers £3.81bn short, research claims.

Investing platform Willis Owen claims the £270bn held in cash ISAs would be worth £273.5bn based on the average rate in September of 1.013 per … Read More

The savings squeeze continues as inflation hits five-year high

October 17, 2017 |

INTEREST-STARVED savers have been hit with more bad news after inflation hit a five-year high.

The Office for National Statistics reported consumer price inflation (CPI) was three per cent in September, up from 2.9 per cent in August and the … Read More

Bank of England urged to delay base rate rise

October 16, 2017 |

AN INTEREST rate hike before the end of the year is unnecessary and should be avoided, a high-profile forecasting body has warned.

In its Autumn Forecast, the EY Item Club noted that the Bank of England’s Monetary Policy Committee (MPC) … Read More

From regulation to securitisation, a year in the life of Peer2Peer Finance News

September 12, 2017 |

It has been a busy and at times frantic first year at Peer2Peer Finance News. Here are some of the key moments of the past 12 months.

September 2016 Peer2Peer Finance News launched just a month after interest rates had been … Read More

P2P lenders offering rates up to five times better than mainstream best buys

August 14, 2017 |

THE MAIN peer-to-peer lenders are currently offering rates five times higher than the best offerings on the mainstream savings market.

It comes as a new challenger bank launched last week called PCF, offering a fixed savings rate of 2.6 per … Read More

Bank of England revises down growth forecast as rates are held

August 3, 2017 |

THE BANK of England has revised down growth forecasts for the UK as it held interest rates yet again this month.

It is now a year since the last cut in the Bank of England base rate, with many expecting … Read More

Lending Works offers bonus of up to £200 to new and existing investors

July 24, 2017 |

LENDING Works is offering cash bonuses of up to £200 to new and existing investors for a limited time period.

The peer-to-peer consumer lender said that from Monday 24 July, investors will receive a £50 bonus for every £5,000 they … Read More

Carney shoots down speculation of rate increase

June 20, 2017 |

BANK OF England Governor Mark Carney (pictured) has hinted that there will not be an increase in the base rate for some time, which could spell good news for peer-to-peer lending platforms.

His comments came less than a week after … Read More

Assetz Capital bucks trend with interest rate hike

April 13, 2017 |

ASSETZ Capital has defied the industry trend of falling interest rates by hiking the returns on its 30-day access account for a limited time period.

The peer-to-peer lending platform, which channels funds to small- and medium-sized enterprises and property developers, announced on Thursday … Read More

No end in sight for low savings rates as inflation hits 31-month high

February 14, 2017 |

MORE pressure was heaped on savers seeking decent returns in January as inflation reached a 31-month high of 1.8 per cent, Office for National Statistics figures have revealed.

The cost of living rose from 1.6 per cent in December 2016 to 1.8 … Read More