"As the Fed continues to taper and stops artificially lowering long-term interest rates via QE, the spread between long-term and short-term rates should continue to widen, making lending more profitable to banks, expanding the availability of credit, and boosting growth. In December, when the Fed decided to taper the purchase of government bonds by $10 million a month, stocks prices rose on the news, which could mean that investors are becoming less concerned that the eventual end of QE will hurt the economy."
The sales will be seen as the next step in stripping back the Co-op to its
core operations, following the sale of its life insurance arm to Royal
London last year, and the loss of control of its banking arm following its
£1.5bn recapitalisation in December.
Fund group Schroders offers an Income Maximiser, which pays a hefty 7âper cent a year. It has grown 38âper cent over three years, boosting your Â£1,000 to Â£1,380. The normal Schroders Income fund, meanwhile, dishes out around 3âper cent and has gone up 47âper cent over three years â turning Â£1,000 into Â£1,470.
But the latest HMRC figures showed that from April 2013 to January 2014, North Sea industries had contributed £3.7bn in corporation tax and petroleum revenue tax, a fall of 24% from the same period last year when that figure stood at £4.8bn.