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Official bank rate. In the United Kingdom, the official bank rate is the rate that the Bank of England charges banks and financial institutions for loans with a maturity of 1 day. It is the Bank of England's key interest rate for enacting monetary policy. [1] It is more analogous to the US discount rate than to the federal funds rate.
On 21 January 2022 (27 January 2022, week ending), "We Don't Talk About Bruno" rose to number-one, and remained there for seven consecutive weeks, and also made history by becoming the first-ever original song from a Disney film to reach number-one in the 70-year history of the UK Singles Chart. [6] On 4 February 2022 (10 February 2022, week ...
The UK Singles Chart is a weekly record chart which for most of its history was based on single sales from Sunday to Saturday in the United Kingdom. Since July 2014 it has also incorporated streaming data, and from 10 July 2015 has been based on a Friday to Thursday week. As of 28 December 2023, 1420 singles have reached number one.
Monetary Policy Committee. The Monetary Policy Committee (MPC) is a committee of the Bank of England, which meets for three and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate). It is also responsible for directing other aspects of the government's monetary policy ...
When will UK interest rates go down further? ... Inflation is now far below the peak of 11.1% in October 2022. ... The average two-year fixed mortgage rate is 5.39%, according to financial ...
For the financial year 2023-24, total government spending is expected to be £1,189 billion. [2] The UK government has spent more than it has raised in taxation since financial year 2001-02, [3] creating a budget deficit and leading to growing debt interest payments. Average government spending per person is higher in Scotland, Wales and ...
This week's chart saw those songs replaced by 12 new entries and 42 re-entries, the largest amount in chart history. In June 2022, the Netflix show Stranger Things [121] used "Running Up That Hill" by Kate Bush in their fourth season, which resulted in the record (which had previously charted in 1985 via EMI and in 2012 via Kate Bush's Fish ...
Libor. Libor gets its name from the City of London. The London Inter-Bank Offered Rate (Libor / ˈlaɪbɔːr / LY-bor) [a] was an interest rate average calculated from estimates submitted by the leading banks in London. Each bank estimated what it would be charged were it to borrow from other banks. [1][b] It was the primary benchmark, along ...