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Our article in Business Reporter in conjunction with the Sunday Telegraph 9th November 2014. To read the full Alternative Finance Report please click here.
Peer to peer (P2P) lending is the practice of unrelated individuals or companies lending money directly to one another without the need for banks and other financial institutions. The P2P industry is growing rapidly, with the lending volume for 2014 already at £1 billion and expected to reach £45 billion
The Bank of England’s MPC announced today that the UK Bank Interest Rate is to remain at an all-time low of 0.5%. This is the sixty eighth month in which the Monetary Committee has met and voted to keep the rate at 0.5%. The Bank of England cut interest rates