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Bank of England Base Rate Archive
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Andrew Sentance calls for a gradual rise in UK interest rates
The Bank of England should start raising interest rates to keep inflation in check according to Andrew Sentance, a member of the Bank’s Monetary Policy Committee. In a speech he gave in Belfast yesterday, Mr Sentance set out what he called “three powerful arguments” for a gradual rise in interest rates. Firstly, there are encouraging [...] -
Have mortgage holders really “never had it so good”?
Lord Young’s assertion that Britons have “never had it so good” as during this “so-called” recession, has landed in him hot water today – costing him his position as enterprise adviser to David Cameron. Speaking to a journalist from the Daily Telegraph, Lord Young said, “”For the vast majority of people in the country today, [...] -
Forecast of Base Rate Rising to 8% within 2 years!
The think tank, Policy Exchange, this week grabbed the headlines by bucking the trend and issuing a distinctly alternative view of what could happen with interest rates. Whilst many have suggested that Base rate has some time to go at the current low levels (see our recent blog), Dr Andrew Lilico, Chief Economist at Policy [...]
