Lamport Bassitt Solicitors - Legal News - Bank of England base rate 'likely to remain unchanged'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Bank of England base rate 'likely to remain unchanged' Anyone looking to gain access to finance might concur with one expert's view on the Bank of England's potential interest rate policy. Nick Scarrett, head of investment and pensions at Fair Investment Company, said that contrary to many consumers' opinions, the financial authority is likely to maintain the current base rate level. He noted that if the economy is to recover, "the base rate has to stay low". Regarding news that 67 per cent of respondents quizzed by the organisation believe the bank will increase the charge to more than 0.5 per cent, Mr Scarrett added: "Even though the majority of people polled said they thought the base rate would be higher by next year, I still think it is unlikely." The study also indicated that a greater number of older people believe the base rate will be increased than their young counterparts. Elsewhere, Michael Baxter, editor of Investment and Business News, predicted that the rate will remain at its current level. Posted by James Walsh Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News