Blog - Archive for the ‘Brexit’ Category

Interest rates rise 0.25%

2nd Aug, 2018

The Bank of England’s Monetary Policy Committee has voted unanimously to hike interest rates from 0.5% to 0.75%, taking the Base Rate above 0.5% for the first time since March 2009. In this post I have answered some common questions about this change. Many mortgages and new retirement annuities will be affected by this change. […]

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Bank of England defers interest rate hike

10th May, 2018

At its May meeting, the Bank of England voted (7-2) to maintain it’s base interest rate at 0.5%. This was in spite of earlier indications it would raise rates by 0.25%. In this post I set out the reasons why the Bank of England has backtracked and the implications for financial markets. If you are […]

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Interest rates remain at 0.5% – but are expected to rise sooner than expected

8th Feb, 2018

Today (8th February) the Bank of England’s Monetary Policy Committee (MPC) held its monthly interest rate setting meeting. The vote to hold the base rate at its current level of 0.5% was unanimous and was in line with analysts’ expectations. However in a surprise announcement the Governor of the Bank of England, Mark Carney, said […]

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Hung Parliament: what happens next?

9th Jun, 2017

As I’m sure you know, the 2017 general election has ended in a hung Parliament which means no single party has enough seats to command a majority. In this post I explain what the possible outcomes are from here and the short term effect this has had on financial markets.

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The Italian Referendum

5th Dec, 2016

On Sunday 4th December, Italians voted in a referendum regarding constitutional reform in its government. The resulting “No” vote caused the Italian Prime Minister, Matteo Renzi, to hand in his resignation and has raised questions about Italy’s economy and its future in Europe. In this post I answer some frequently asked questions about the Italian […]

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The positives of a Trump victory

9th Nov, 2016

Donald Trump has become the 45th President of the United States following a narrow victory over Hilary Clinton. Across the media there is widespread disbelief, despite the fact that in the weeks leading up to voting day the polls were neck and neck. There are also countless lists of all the potentially negative things we […]

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Interest rate cut to 0.25%

4th Aug, 2016

Earlier today the Governor of the Bank of England and Chairman of the Monetary Policy Committe, Mark Carney, announced a number of changes including a reduction in the headline interest rate. The cut from 0.5% to 0.25% is the first since the global financial crisis of 2009. In this post I set out the key […]

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UK interest rates on hold

14th Jul, 2016

Earlier today, in a move that surprised financial markets, the Bank of England’s Monetary Policy Committee (MPC) voted 8-1 in favour of leaving the Bank of England base rate at 0.5%.

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