The latest increase is the highest base rate in 14 years.
Bank of England raises interest rates to 4%
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Current Affairs
Directors’ economic confidence rises
Business leader confidence hits its highest level since March 2022.
IMF forecasts UK economy will shrink in 2023
Britain is expected to be the only G7 country in recession this year.
Small business tax debt is growing
Non-payment has increased since the Covid-19 pandemic.
Top 20% of earners pay majority of all income tax
Over half of UK taxpayers receive more in benefits than they pay in tax.
Inflation eases slightly to 10.5%
Transport costs fall but energy and food prices remain high.
Inflation remains a key concern for business
Rising tax burdens and energy bills are also impacting profitability.
Bank of England raises base interest rate to 3.5%
MPC votes 6-3 to increase the rate by 0.5%.
Inflation rate drops slightly in November
The annual inflation rate reduced by 0.4% in the past month.
Economic outlook bleak despite 0.5% rise in GDP
Recession looms as the economy shrinks in the three months to October.
Energy price cap removes risk for one in four businesses
Government urged to extend support for businesses.
Government urged to boost economic growth
The CBI says the UK will lose ten years of growth if no action is taken.
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