Could an interest rate reduction reduce government expenditure?

Could an interest rate reduction reduce government expenditure?

by | Sep 3, 2024 | General

A 1% reduction in the Bank Rate would reduce the UK government's annual interest charges on the national debt, but the exact amount of the reduction depends on the proportion of the debt that is sensitive to changes in short-term interest rates. According to the...
Negative equity

Negative equity

by | Aug 27, 2024 | General

Negative equity occurs when the value of an asset, typically a property, falls below the outstanding balance on the loan or mortgage secured against it. In other words, the amount owed on the mortgage is greater than the current market value of the property. Example:...
Guidance for charities on managing public disorder

Guidance for charities on managing public disorder

by | Aug 12, 2024 | General

The charity commission has offered the following guidance to charities following the recent public disorder events. The main points are summarised below: Are you operating in an area which has seen or is at risk of unrest? If so and you wish to continue to operate...
Road fuel costs still too high

Road fuel costs still too high

by | Aug 5, 2024 | General

The Competition and Markets Authority (CMA) has published an update on the widespread action it is taking to ensure that people can get the best possible choices and prices in the face of ongoing cost of living pressures. New analysis highlights how the cost to...
Government to deal with £22bn “black hole” in finances

Government to deal with £22bn “black hole” in finances

by | Aug 1, 2024 | General

The new Chancellor of the Exchequer, Rachel Reeves, delivered her widely anticipated House of Commons statement on 29 July 2024. The Chancellor asserted that the new government has inherited a £22bn hole in the public finances. The Chancellor said that she will...
First interest rates cut in over four years

First interest rates cut in over four years

by | Aug 1, 2024 | General

The Bank of England’s Monetary Policy Committee (MPC) met on 1 August and in a very close 5-4 vote decided to reduce interest rates by 25 basis points to 5%. The 4 remaining members voted to keep the rate at 5.25%. This was the first interest rate cut announced...