In today’s bulletin:
General update
Personal insolvency stats for February 2025
QA framework workshop
Call for evidence – data intermediaries
Government Debt Management Function (GDMF) Functional Centre - Communication Toolkit
Collaborations
Training
Events
General update
Interest rates were held at 4.5% last week. At its meeting ending on 19 March 2025, the MPC voted by a majority of 8–1 to maintain Bank Rate at 4.5%. One member preferred to reduce Bank Rate by 0.25 percentage points, to 4.25%.
Link: https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/march-2025
Government borrowing higher than expected in February
UK government borrowing was higher than expected in February, adding pressure to Chancellor Rachel Reeves ahead of her Spring Statement next week.
26% of trading businesses reported that their turnover had decreased in February, compared with the previous calendar month. This is down 2% from January. 14% reported that they expect their turnover to de...
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