The corporate sector's mutual friends

Article Abstract:

Building societies are beginning to offer more products for businesses because of legislative reforms and increased competition. The Building Societies Act of 1986 allows building societies to: enter new business areas, raise funds in wholesale markets, and grant unsecured loans to individuals. Some of the services that building societies are offering businesses include: commercial mortgages; start-up loans; and building finance and advice. Three of the building societies that have been most active in the business market include: The Halifax; Nationwide Anglia; and Abbey National.

Banking industry, Services, Abbey National PLC, Savings and loan associations, Halifax Building Society, Nationwide Anglia Building Society

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Spreading the risks of shorter-term saving

Article Abstract:

There are many different vehicles for short- and medium-term personal financial planning in the UK. Banks and building societies have become competitive and they are offering the consumer higher interest rates and extra services. Government sponsored National Savings allow the investor to avoid tax at the source. Savings Certificates and gilt-edged securities are guaranteed to offer returns in excess of the rise in the Retail Price Index. Unit-linked contracts allow the investor to speculate while retaining some security by placing their money in a variety of funds.

Planning, Financial planning, Personal finance

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Inflation: myth or reality?

Article Abstract:

The inflation rate in Great Britain is expected to remain below ten percent despite the Retail Price Index's doubling between January and December 1988. Chancellor of the Exchequer Nigel Lawson feels that inflation is the only real problem facing the British economy, and he is determined not to allow a devaluation of the pound. Experts in the City feel that even if there is a rise in inflation, recurrence of double-digit inflation will not occur in the near future.

Economic aspects, Inflation (Finance), Economic indicators, Inflation (Economics), Lawson, Nigel

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