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Interest Rates
Businesses will pay almost £1bn more in interest straight away as Bank of England increases rate by 0.25%
The Bank of England Monetary Policy Committee confirmed on Friday their base rate will rise by another 0.25% to 1.25%, research from international audit, tax and advisory firm Mazars shows… The post Businesses will pay almost £1bn more in interest straight away as Bank of England increases rate by 0.25% appeared first on London Business…
Russia’s central bank: We could keep cutting interest rates
Russia’s central bank today announced it could keep cutting interest rates as its war against Ukraine rages on. The key interest rate is back to levels before the Ukraine war… The post Russia’s central bank: We could keep cutting interest rates appeared first on London Business News | Londonlovesbusiness.com.
Bank of England warns that ‘UK is heading for a recession’ which will be a ‘pretty bleak winter of discontent’ for many
The Bank of England (BoE) has warned that the “UK is heading for a recession” as the annual heading rate of inflation is at 7%. By the autumn the BoE… The post Bank of England warns that ‘UK is heading for a recession’ which will be a ‘pretty bleak winter of discontent’ for many appeared…
As a massive 57% of Brits experience financial difficulties, higher interest rates set to make the situation worse
Research by KIS Finance has revealed that as a direct result of the rising cost of living, 57% of Brits are either already struggling financially, or expect to do so… The post As a massive 57% of Brits experience financial difficulties, higher interest rates set to make the situation worse appeared first on London Business…
Bank of England warns inflation to hit 7.25% in April which will mark a 30 high for inflation
The Bank of England raised rates to 0.5% in a surprise move on Thursday, but they also warned that inflation will hit 7.25% in April which will mark a 30-year… The post Bank of England warns inflation to hit 7.25% in April which will mark a 30 high for inflation appeared first on London Business…
As interest rates set to rise, 57% are experiencing financial difficulties as the cost of living soars
Research by KIS Finance has revealed that as a direct result of the rising cost of living, 57% of people are either already struggling financially, or expect to do so… The post As interest rates set to rise, 57% are experiencing financial difficulties as the cost of living soars appeared first on London Business News…
What does an interest rate rise mean for your business?
Fluctuations in interest rates can be baffling for small businesses, and some may even think that they won’t be affected. Lynne Darcey Quigley, Founder and CEO of Know-it, explains what… The post What does an interest rate rise mean for your business? appeared first on London Business News | Londonlovesbusiness.com.
Interest rate hike ‘will increase pressure on small firms with debt’ as ‘more than a million small businesses took out loans’
The Bank of England’s Monetary Policy Committee (MPC) has set monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At… The post Interest rate hike ‘will increase pressure on small firms with debt’ as ‘more than a million small businesses took out loans’ appeared first…
UK interest rates hiked to 0.25% in surprise move
The Bank of England’s Monetary Policy Committee (MPC) has set monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At… The post UK interest rates hiked to 0.25% in surprise move appeared first on London Business News | Londonlovesbusiness.com.
By spring inflation could ‘comfortably exceed’ 5% when energy bills are to rise even further
The Bank of England’s (BoE) deputy governor has warned on Monday that inflation could “comfortably exceed” 5% by spring which is when energy bills are to rise even further. Ben… The post By spring inflation could ‘comfortably exceed’ 5% when energy bills are to rise even further appeared first on London Business News | Londonlovesbusiness.com.