Colin Mclachlan, Lowes Financial Management
Points of note:
- The current 0.25% is a long way from the 17% base rate in the early 1980’s
- The last time the base rate was increased was back in July 2007
- After more than 7 years of a record low of 0.5% the base rate was halved again to 0.25% in August 2016 to support the economy after the Brexit referendum
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