THE INTEREST RATE RISES AGAIN FROM 1.75% TO 2.25%
- David Manklow
- Sep 22, 2022
- 1 min read
The Bank of England today at 12.00pm confirmed, that the Interest rate has now been raised again for the seventh time in a row from 1.75% to 2.25%... A 14-YEAR HIGH!
If you’re a UK business looking for business loans or are needing to purchase equipment, now is the time to act!
If you choose to put off your finance needs, your business will be vulnerable to further rate increases and the cost of finance being more expensive than it is today.
The Bank has pledged to act ‘forcefully’ to tame inflation – a signal that further interest rate increases are coming, even though it believes the UK is in recession. Experts predict as we move into the new year, rates are set to increase to a predicted 3.5%, the OBR said.
We can not express enough that now really is the time to act if you’re looking for business loans or other financial products. If you would like to discuss your options with a member of our broker team, then please do not hesitate to get in contact on 01908 429888, email Info@approved-finance.co.uk or click on the link to download our finance guide PDF for more information: https://lnkd.in/ePHAgzn9
