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Oh no, not again! The interest rate rises to 5%

Oh no, not again! The interest rate rises to 5%

A week ago, Bank of England (BofE) Governor Andrew Bailey announced that The Bank had decided to increase the base rate by a half percent to an eyewatering 5%, the 13th consecutive time it had raised rates in the last eighteen months. The monetary policy committee...
Inflation up, interest rates up, so what’s next?

Inflation up, interest rates up, so what’s next?

As the UK lurches ever nearer to recession, this has been compounded by soaring inflation which continues to squeeze households and businesses. As a consequence, the Bank of England (BoE) has raised interest rates by 0.25% for the fifth consecutive time. The highest...