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Posts Tagged ‘ base rate ’

British Savers hit Hard by Bank of England’s Decision! | Mortgage Expert

British Savers hit Hard by Bank of England’s Decision! | Mortgage Expert

Yesterdays announcement by the Bank of England delivered an unexpected statement that they were cutting their base rate by 1½% from 4.5% to 3%.  It has been done to kick start our stalling economy and to try and prevent a deepening recession. Everyone was expecting a ½%; but, we all hoped for a full...
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