The Bank of England has this week made a change to interest rates; the first rise in a record ten years. The last time we saw a rise was in July 2007. The rate has been increased by 0.25% to 0.5% and it has come as no surprise as it had been expected and predicted… Read more »
Three of the eight Bank of England official policy makers support the UK interest rate being raised. Although interest rates will still be held at 0.25% it implies that a higher rate may be put into place soon. Why could this affect me? If there is a rise in the base rate of interest… Read more »
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