close

Practice

Business

Technology

Regulation

Resources

Rankings

Accountancy Age – Content Calendar

    Information

    Bank pushes up interest rates to 5%

    Bank pushes up interest rates to 5%

    Quarter percentage point rise takes it to five-year high

    Author Date published November 10, 2006 Categories

    The Bank of England has
    increased UK interest rates to a five-year high of 5% because of inflation
    concerns.

    The rate rose by one quarter of a percentage point rise, something which was
    widely expected by analysts.

    This move is aimed to slow down inflation, which is currently running at 2.4%
    – more than the government’s 2% target.

    According to the BBC, the majority of analysts expect the Bank’s rate-setting
    Monetary
    Policy Committee     to increase rates again in the New Year.

    Further reading:

    Rates rise won’t affect consumer spending 

    Them and US: How America’s downturn could hurt

    ITEM club lifts economic predictions

    Share

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    3y Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    3y Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    6y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    3y Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    Sumer welcomes Moore Thompson, deepening its commitment to community-based businesses across the East of England
    Company News

    Sumer welcomes Moore Thompson, deepening its commitment to community-based ...

    8m Accountancy Age

    Sumer welcomes Moore Thompson, deepening its commi...

    The rapid consolidation of the UK mid-tier continues as Sumer welcomes Moore Thompson to the Group. With a century of heritage and a deep-rooted agric...

    View article
    TBL Accountants Joins Xeinadin, Strengthening Southend Office and Support for Local Businesses
    Company News

    TBL Accountants Joins Xeinadin, Strengthening Southend Office and Support f...

    8m Accountancy Age

    TBL Accountants Joins Xeinadin, Strengthening Sout...

    Xeinadin has expanded its Southend office with the addition of TBL Accountants, an addition that brings further strength to its advisory support for s...

    View article
    Affinia and UHY Hacker Young Offices to Combine in £100m Strategic Merger
    Company News

    Affinia and UHY Hacker Young Offices to Combine in £100m Strategic Merger

    9m Accountancy Age

    Affinia and UHY Hacker Young Offices to Combine in...

    Affinia has announced a landmark combination with three key UHY Hacker Young offices in London, Nottingham, and Brighton. Backed by Sovereign Capital ...

    View article
    Why the Xeinadin auction collapse is a reality check for the mid-tier
    Accounting Firms

    Why the Xeinadin auction collapse is a reality check for the mid-tier

    9m nikita alexander

    Why the Xeinadin auction collapse is a reality che...

    Private equity giant Exponent has paused the high-profile auction of Xeinadin after bids failed to meet a £1bn+ valuation. With integration concerns s...

    View article
    Dext Targets the "Last Mile" of Bookkeeping with Integrated Payments
    Company News

    Dext Targets the "Last Mile" of Bookkeeping with Integrated Payments

    9m Accountancy Age

    Dext Targets the "Last Mile" of Bookkeeping with I...

    Dext has officially bridged the gap between bookkeeping and banking. With the launch of Dext Payments, UK firms can now move from invoice capture to s...

    View article
    ACCA Secures FRC Director, Claire Lindridge, to Lead Policy and Insights
    ACCA

    ACCA Secures FRC Director, Claire Lindridge, to Lead Policy and Insights

    11m Priscilla

    ACCA Secures FRC Director, Claire Lindridge, to Le...

    The Association of Chartered Certified Accountants (ACCA), a global professional body with over 257,900 members and 530,100 future members across 180 ...

    View article
    ACCA Elects UK CFO Melanie Proffitt as New President, Vowing to Redefine Accountancy's Future
    ACCA

    ACCA Elects UK CFO Melanie Proffitt as New President, Vowing to Redefine Ac...

    11m Accountancy Age

    ACCA Elects UK CFO Melanie Proffitt as New Preside...

    The Association of Chartered Certified Accountants (ACCA), the global professional body serving over 257,000 members and 530,000 future members across...

    View article
    Xeinadin Strengthens Manchester with Senior Hires to Tackle SME Audit and Insolvency Headwinds
    Audit

    Xeinadin Strengthens Manchester with Senior Hires to Tackle SME Audit and I...

    11m Accountancy Age

    Xeinadin Strengthens Manchester with Senior Hires ...

    Xeinadin, the integrated business advisory and accountancy group, has cemented its commitment to the UK’s crucial SME sector with two high-profile app...

    View article