• Farrell & Farrell

UK - Bank of England Interest Rates

The Bank of England has today raised the interest rate from 2.25% to 3%, which is the highest increase in 33 years.

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In response to the Bank of England interest rate increase to 3.0%, HMRC’s late payment interest rates will also increase with effect from 22 November 2022 as follows: - late payment interest rate — 4.