Evaluate the Impact of Changes in Interest Rates on the Financial Performance of Uk Businesses.
Interest rates, as set by the Bank of England’s Monetary Policy Committee (MPC), represent the cost of borrowing and the return on saving. Since December 2021, the Bank of England has raised the base rate from a historic low of 0.1% to 5.25% by August 2023, the highest level in fifteen years (Bank of England, …
