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Bank of England

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The Bank of England has increased the base rate from 2.25% to 3% – the largest single rise since 1989. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
3 November 2022
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Today (30 September) is the final day before paper £20 and £50 notes are withdrawn from circulation, so act now before shops stop accepting them. You can spend the notes until midnight tonight, but after that you'll have to bank them or swap them.
29 September 2022
Bank of England increases base rate to 2.25%
The Bank of England has increased the base rate from 1.75% to 2.25% – the highest it has been in 14 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.
26 September 2022
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The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.
8 August 2022
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More and more 10-year fixed mortgage deals are coming to the market, with First Direct becoming the latest to launch a product. Fixing for a decade can be done for as little as 3.33% right now and is becoming more appealing as the Bank of England base rate continues to rise. But there are pros and cons to doing so – here's what to watch out for.
7 July 2022
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The Bank of England has cut the base rate from 0.75% to 0.25% in an emergency response to the "economic shock" of the coronavirus outbreak.
11 March 2020
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UK interest rates will remain at 0.75%, the Bank of England has announced – despite speculation that there could be a cut. 
30 January 2020
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Millions of old-style paper £5 and £10 notes worth over £1.5 billion still haven't been returned to the Bank of England, over a year since the last of them were taken out of circulation.
27 August 2019
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The £50 note will stay part of UK currency with a new polymer design, the Treasury has announced. 
14 October 2018
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The Bank of England has raised the base rate from 0.5% to 0.75% - only the second rise in over a decade. Here's what it means for your finances, including the very latest on how individual banks' mortgage and savings rates are changing.
2 August 2018

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