Bank of England’s real time payment system is down

Posted on October 20, 2014 by RonMamita — Leave a comment

Satu Insan - Malaysia

The collapse has started or is it the shut down drill ??

Bank of England’s real time payment system is down — business live

boe

Bank of England crash will have ‘cascading effect’ on house movers

removal The collapse of the Chaps system will have a knock-on effect on people trying to move house today, experts are warning.

Mark Hayward, managing director of the National Association of Estate Agents, fears a ‘cascade effect’, if payments due to be processed today are delayed until Tuesday.

This could mess up hiring a removals firm, or switching telephone, water, electricity and gas supplies.

Hayward explains:

“Whilst Monday is not the busiest day in terms of completions, the failure of the payments system for UK house purchases will have a cascading effect and it is likely any payments will now be held up for a day or more as money takes time to transfer…

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About RonMamita

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

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