Conister Bank Limited based in the Isle of Man says it has launched a new online deposit system for its UK retail customers. Consister is part of the Manx Financial Group PLC (AIM:MFX) a firm that operates various financial sercies firms. Conister said that historically,… Read More
The Chancellor of the Exchequer, Jeremy Hunt, delivered the Spring Budget today, and once again, there was something for everyone to like or dislike. The budget is being described as a “Budget for long-term growth,” highlighting the expectation that inflation will move lower. Hunt said the… Read More
The Bank of England’s Monetary Policy Committee has increased its Bank Rate by 25 basis points, echoing the move by the US Federal Reserve, which did the same yesterday. Unlike the Fed, the vote was not unanimous in a 7-2 majority decision. The MPC said… Read More
Earlier today the UK government announced its monthly inflation data which indicated the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to January 2023, down from 10.5% in December 2022 – a slight improvement. On a monthly basis, CPI fell by 0.6% in… Read More
The Bank of England’s Monetary Policy Committee (MPC) has increased its Bank Rate by 50 basis points to 3.5%. According to a statement by the Bank, the MPC vote was 6 to 3, with one member advocating for a 75 basis point increase and two… Read More
The Bank of England has raised interest rates by 50 basis points – the biggest leap in many years. The move by the BoE follows the US Federal Reserve’s anticipated 75 bps rate increase. The Bank of England said it maintains resolve to fight inflation… Read More
Today, the UK government has announced that the Recovery Loan Scheme (RLS), launched in April 2021 to help businesses counter the COVID crippled economy, will be extended for a further two years. Originally set to end last December, during the Autumn Budget the government extended… Read More
The Bank of England, Monetary Policy Committee (MPC), has announced a 25 basis point increase bringing its Bank Rate to 1%. According to a statement by the BoE, the MPC voted by 6-3 to increase Bank Rate by 0.25 percentage points. Those members in the… Read More
Last week, Chancellor of the Exchequer Rishi Sunak delivered the Spring Statement outlining the challenges facing the economy and at least some of the government’s plans to alleviate some of the pain. A combination of COVID and then Russia’s unprovoked invasion of Ukraine has helped… Read More
Conister Bank Limited, part of Manx Financial Group PLC (AIM:MFX), has agreed to an increase of £3.25 million to an existing block financing agreement of £3 million with Time Finance Limited bringing the total agreement to £6.25 million. Conister has been operating in the UK… Read More
Conister Finance & Leasing has been approved as a British Business Bank accredited lender for the UK Government’s Recovery Loan Scheme (RLS). Conister is part of Manx Financial Group (AIM:MFX). The company says the announcement comes at a time when the Government-backed Bounce Back Loan… Read More
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