economic recovery

BoE keeps interest rate at record low in surprise move

News

4 Nov 21

The Bank of England’s base rate will remain at its all-time low of 0.1% after the Monetary Policy Committee voted to hold fire on an increase – despite predicting inflation will reach 5% next Spring.
Treasury minister warns against tax rises

News

19 Jan 21

Jesse Norman, financial secretary to the Treasury, has warned against immediate tax rises in the upcoming budget which could “impede” economic growth.

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