MoneySavingExpert News

Bank of England

Bank of England increases base rate to 0.75% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 0.75% from 0.5% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

30 March 2022

Bank of England slashes interest rates to combat coronavirus 'shock' – what it means for you

The Bank of England has cut the base rate from 0.75% to 0.25% in a emergency response to the 'economic shock' of the coronavirus outbreak

11 March 2020

Bank of England holds interest rates at 0.75%

UK interest rates will remain at 0.75%, the Bank of England has announced – despite speculation that there could be a cut

30 January 2020

212 million paper fivers and tenners still out there – how to make them spendable again

Millions of old-style paper £5 and £10 notes worth over £1.5 billion still haven't been returned to the Bank of England, over a year since the last of them were taken out of circulation

28 August 2019

New polymer £50 note to be launched

The £50 note will stay part of UK currency with a new polymer design, the Treasury has announced

15 October 2018

UK interest rate raised to 0.75% - what you need to know

The Bank of England today raised the base rate from 0.5% to 0.75%

2 August 2018

Banks asked how prepared they are for TSB-style meltdown

Banks are being asked how well prepared they are for a cyber attack or TSB-style IT meltdown by the Bank of England

6 July 2018

UK base rate remains at 0.5%

The Bank of England's Monetary Policy Committee voted to keep the rate steady

10 May 2018

Old £10 notes to be withdrawn in March

The Bank of England is officially withdrawing old £10 notes on 1 March next year

14 November 2017

UK interest rates rise latest - what banks are doing

The Bank of England on Thursday raised interest rates from 0.25% to 0.5% - the first rate rise in over a decade

2 November 2017