Our January 2018 economic statistics piece places much emphasis on the UK’s growth rate compared to that of other G7 countries – and takes a look at why the Bank of England’s interest rate hike may not have been a “one and done” affair.
Bank Of England
The Bank of England has today announced a bank interest rates rise, which will be the first in a decade, and the UK’s entrepreneurs have been vocal with their thoughts.
The new £10 note featuring Jane Austen has gone into circulation. It hasn’t been met with the best response though. Many dislike the accompanying quote, while others believe the note itself will soon be made redundant.
Lending to SMEs was down in July, prompting calls that the UK needs to shore up its finance options for small businesses in the face of Brexit.
Fake currency is a business, and business is booming. Yet despite high-profile cases, the Secret Service has said, “The threat of fake currency has grown in recent years,” thanks to advances in scanning and printing technology.
Thank goodness the sub optimal players at the heart of our financial establishment – like Charlotte Hogg, Hammond and Carney – are beginning to feel the heat.
Recent headlines regarding the introduction of a new £5 note in the UK could have you fooled into thinking that the Bank of England was leading a revolution in secure payments.
When the Bank of England and governor Mark Carney cut interest rates to an all-time low of 0.25 per cent it was an admission that a storm is here – and it might be here to stay.
It’s little over a fortnight since the EU referendum resulted in Brexit, but in that time so much has already happened and so many new questions about the future of Britain have been raised that the vote itself is rapidly fading into a dim and distant memory.
The ramifications of the referendum decision the country made on Thursday 23 June will be felt for generations to come. Nobody knows for certain what will happen, which for many, no matter which way they voted, will be a concerning prospect.
The British public have expressed a clear wish to leave the European Union, despite warnings from economists that such a decision could wreak havoc on the business climate.
The Bank of England has announced it is against raising interest rates in the UK, as reported by the BBC.