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Bank of England Raises Interest Rates

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Bank of England Raises Interest Rates

On August 3, 2018, Posted by , In News, With Comments Off on Bank of England Raises Interest Rates

The bank of England has raised the interest base rate to 0.75% from 0.50%. This rate has only been increased twice in the last 10 years. 2009 was the last time it was higher than this.

The good news for you is that you can now charge 8.75% interest, previously 8.50%.

We have updated our late payment calculator to reflect this change.

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