November 2017

We are proud to support this year’s Financial Capability Week

Debt Advice Foundation aims to get people to “Talk Money” 

 
Launching Monday 13 November, FinCap Week will celebrate, showcase and amplify the work underway to improve financial capability in the UK and ultimately, to improve financial well-being. 
 

Bank of England raises bank rate

The Bank of England has raised the official bank rate from 0.25% to 0.5%.

The decision, which was passed by the central bank’s Monetary Policy Committee by 7 votes to 2, is the first rate rise in over a decade.

Governor of the Bank of England Mark Carney stated that Brexit negotiations would play a crucial role in shaping future monetary policy and that future rate rises were likely in order to return inflation to the Bank’s target 2%.