Qualified advisers answering your
Financial Questions
call 0800 092 1245

Bank Of England suggests that base rates may fall again in January

As the UK economy continues to dive bomb towards recession the Bank of England has given its most blatant indication to date that interest rates will fall again in January. The indication was that rates will fall by half of one percent bringing them down to 1.5%. There is also speculation that between now and January the UK economy could well suffer further problems and you may see the half point reduction increased.

With each interest-rate reduction it is becoming more and more evident that interest rates will not be enough to refloat and re-energise the UK economy on their own and neither has the recent fiscal stimulus program kicked in as yet. There are concerns that the government is running out of money and ideas and larger and larger gambles appear to be putting the future of the UK economy more at risk than ever before.

However, to be fair to the government the UK is not the only country suffering to this extent as the American situation appears to be even worse on the surface. Confidence in the UK economy continues to fall and until this is stabilised and then starts to increase it will be very difficult to get consumers back spending on the high street.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details