Financial Favourites

Debt is a national problem, it causes stress and suffering for millions of people who have to live their lives in poverty being chased by lenders and harassed by debt collection agencies.

There is an alternative, a way to become debt free;  Debt Management is a service where a company takes control of your debts, talks to your creditors and pays your bills for you, while you just have to pay them a set monthly fee.

Debt Management can be better than a consolidation loan as it isn’t more finance, but a set program there to help you.

The Bank of England’s rate-setters have decided to pump another £50bn of new money into the economy in their programme of quantitative easing.

It will take their total spending to £175bn, unexpectedly going over the £150bn set aside by the chancellor.

In a statement, they said that the UK recession “appears to have been deeper than previously thought”.

The rate-setters also decided to keep interest rates unchanged at their historic low of 0.5% for a fifth month.

http://news.bbc.co.uk/1/hi/business/8187360.stm

The BBC are reporting:

The pound and the FTSE 100 index of top UK-listed shares have hit their highest levels since October on growing hopes for an economic recovery.

Markets took heart after brighter UK economic data and a rally in financial stocks following profits from banking giants HSBC and Barclays.

Sterling rose as high as $1.6965 against the dollar and hit a one-month high against the euro of 84.63p.

The FTSE 100 index ended at its highest level since early October at 4,682.46.

The index rose 1.6%, or 74 points, and earlier hit intra-day trading high of 4,710.23.