The prime lending rate will remain at 4.5% for the ninth month in a row
following the latest meeting of the Bank’s Monetary Policy Committee (MPC).
The move was widely expected by analysts who still expect an increase at some
point soon on the back of a strong UK housing market and manufacturing showing
signs of recovery.
At the MPC meeting, the vote was 7-1 in favour of keeping rates at 4.5%, with
the exception of Stephen Nickell, professor of economics at the London School of
Economics, who voted for a rate cut.
Roger Bootle, economic adviser to Deloitte, said the rate decision would
‘prompt most people to think that the next move in interest rates will be
upwards’, but also said there was still a chance of a cut.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
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