interest rates Archives - Business Biscuit

The Bank of England is to give an off-the-record briefing to Swindon businesses in the wake of the next interest rate decision on August 7.

Swindon & Wiltshire Events
Monday July 28 2025

Bank of England to give off-the-record briefing to Swindon businesses

The Bank of England is to give an off-the-record briefing to Swindon businesses in the wake of the next interest rate decision on August 7. The bank’s Monetary Policy Committee will give the in-person briefing at the Swindon office […]

Swindon & Wiltshire Economy
Friday November 17 2023

Two-thirds of retailers in the South West say the ‘double whammy’ of spiralling interest rates and inflation will hit peak trading in the run-up to Christmas – survey

Two-thirds of retailers in the South West say the ‘double whammy’ of spiralling interest rates and inflation will hit peak trading in the run-up to Christmas, according to a new survey. More than four out of ten sellers (41 […]

Swindon & Wiltshire News
Friday September 22 2023

Business organisations welcome interest rates freeze

Business organisations have welcomed the Bank of England’s decision to freeze interest rates after 14 consecutive months of rises. In a surprise announcement, the Bank said yesterday (Thursday) that it was pegging interest rates at 5.25 per cent. The […]

Swindon & Wiltshire News
Tuesday September 12 2023

Salary freezes and restructures rife amongst South West mid-market – Grant Thornton

Rising interest rates and high costs have pushed many South West businesses to review their spending, freeze pay increases, and restructure their operations in a bid to manage their finances according to Grant Thornton UK LLP’s Business Outlook Tracker. […]

Swindon & Wiltshire News
Friday June 23 2023

Business leaders react to interest rate hike

The latest hike in interest rates is a ‘straightjacket’ that could ‘push some businesses to the brink’ according to business leaders. Business organisations spoke out after the Bank of England raised interest rates by half a point to five […]

Swindon & Wiltshire News
Thursday March 23 2023

‘Let this rate rise be the last’ plead business leaders

Today’s Bank of England decision to increase the base rate from four per cent to 4.25 per cent has been met with dismay by business leaders. The decision was taken following yesterday’s surprise inflation figures from the Office for National […]

Swindon & Wiltshire Experts
Thursday November 24 2022

As rates rise, savers could be unknowingly walking into a tax liability

As interest rates rise, savers could be at risk of exceeding their Personal Savings Allowance as Stuart Coombe, chartered financial planner at Old Mill, explains. The Bank of England’s Monetary Policy Committee recently increased the base rate by 0.75 […]

Swindon & Wiltshire News
Thursday November 3 2022

The UK is in recession – and it will be a long one, warns Bank of England as its raises interest rates

The Bank of England has warned that the UK is already in recession – and that this could be a long one. Publishing its November Policy Report this afternoon (Thursday) the bank estimated the economy went into recession in […]