Business Advice for all UK firms from starting a business to flotation
The Bank of England, in Governor Mark Carney's speech at the Mansion House on Thursday, has given a very strong signal that UK interest rates will be going up, probably before the election next May.
There was a time when 1/2% moves were the norm but most of the reductions that took the rate down to 0.5% were 1/4% bites and there is a good chance the upward rate rises will be the same. One within three months, possibly within one month and another in Q1 next year would make a reasonable bet.
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Post Date: June 13th, 2014