tutor2u | Ten Years on from the last UK Interest Rate Rise

In the News

Ten Years on from the last UK Interest Rate Rise

Geoff Riley

5th July 2017

It is now a decade since the Bank of England last raised their policy interest rate but a decade on from that decision, the UK and global economy is in a very different place. According to Chris Giles from the FT, even small rate rises from 0.25% to 0.5% might have a significant impact - key to this view is the staggeringly high level of household debt.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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