The Bank of England has raised interest rates by a further 0.5% to 2.25%, rejecting calls for a 0.75% rise supported by some members of the monetary policy committee This is the highest level since 2008 before the financial crash and is the seventh rise in...
Read MoreIn the first half a per cent increase in interest rates for over 20 years, the Bank of England has raised the base rate to 1.75% This is the fifth rise since last December and the Bank argues that it is needed to tackle soaring inflation,...
Read MoreThe base rate has been increased by 0.25% to 1.25% in the third rise this year following the latest meeting of the Bank of England The decision on the rate rise was opposed by three members of the monetary policy committee who argued for a 0.5%...
Read MoreFollowing the increase in the base rate, HMRC has confirmed that the late payment interest rate will rise a quarter of a percent from 21 February HMRC has increased the current late payment interest rate applied to the main taxes and duties to 3% from 2.75%...
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