Plummeting Interest Rates
I’ve just got a promotional email from one of the internet banks I bank with and it interestingly had a table showing the drop in Bank of England interest rates over the last year: Bank of England Base Rates Effective from Base rate 10 April 2008 5.00% 8 October 2008 4.50% 6 November 2008 3.00% 4 December 2008 2.00% 8 January 2009 1.50% 5 February 2009 1.00% 5 March 2009 0.50% It must be pretty distressing for people living off…