in a row Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/in-a-row/ Chartered Accountants & Business Advisors Tue, 09 Jan 2024 16:03:27 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.3 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg in a row Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/in-a-row/ 32 32 Rate of inflation falls as interest rates held https://www.wrloaccountants.co.uk/rate-of-inflation-falls-as-interest-rates-held/ Mon, 04 Dec 2023 13:33:20 +0000 https://www.wrloaccountants.co.uk/?p=3938 UK inflation fell to a two-year low while the base rate of interest was unchanged by the Bank of England for the second month in a row. The Office for National Statistics (ONS) found that the UK’s rate of Consumer Price Index inflation fell to 4.6% from 6.7% in September. The ONS found that a small reduction in the energy price cap helped to bring the inflation rate down. According to the data, electricity costs are down 15.6% compared to a year earlier, whilst gas costs are down by 31%. Meanwhile, the Monetary Policy Committee (MPC) held the base interest rate at 5.25%. The latest decision marks the second time in a row that interest rates have been held at 5.25% – their highest level in 15 years. David Bharier, Head of Research at the British Chambers of Commerce (BCC), said: ‘The decision to again hold the interest rate at 5.25% will allay some concerns of the businesses we speak to that are unable to stomach further rises. ‘Our research has shown that interest rates have grown as a key issue among companies. This is especially true for smaller firms and those in consumer facing sectors who have seen rising […]

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