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Bank of England keeps base rate at 0.75 per cent

The Bank of England’s monetary policy committee has voted unanimously to keep the base rate at 0.75 per cent.

The rate has stayed at this level since it was raised from 0.50 per cent in early August last year.

The MPC, according to the minutes, believes that the economic outlook hinges “significantly” on Brexit, and is prepared to respond to its outcome in a way that “would not be automatic and could be either direction.”

Santander chief economist Frances Haque says: “The decision to hold rates was widely expected by both the market and commentators, given the continued uncertainty around Brexit.”


News Analysis: Help to Buy boom stokes negative equity fears

Rising purchase prices may pose problems for first-time buyers, experts warn Brokers have raised fresh concerns over the risk of Help to Buy borrowers falling into negative equity as purchase prices through the scheme are rising faster than the rest of the market. Controversy has been mounting as house builders’ profits climb, and many commentators […]

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The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.


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