In today’s bulletin:
General update
MaPS 2023/24 impact report
Impulsive decision making
Personal insolvency statistics – November 2024
Collaborations
General update
Interest rates held until next review in February 2025
I have posted on this after the announcements yesterday. UK interest rates have been held at 4.75% after the Bank of England voted to keep borrowing costs unchanged.
In the minutes from the meeting, the Bank of England said there was uncertainty "around how the measures that had been announced in the autumn Budget were affecting growth". This is obviously a reference to the £40 billion of tax rises, the majority of which will come from an increase in employer NI contributions.
At its meeting ending on 18 December 2024, the MPC voted by a majority of 6–3 to maintain Bank Rate at 4.75%. Three members preferred to reduce Bank Rate by 0.25%, to 4.5%. The Committee continues to monitor closely the risks of inflation persistence. Figures this week showed that both inflati...
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