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Interest rates

The Bank of England Base Rate.

Date	Percentage
6th February 2025	4.50%
7th November 2024	4.75%
1st August 2024	5.00%
3rd August 2023	5.25%
22nd June 2023	5.00%
11th May 2023	4.50%
23rd March 2023	4.25%
2nd February 2023	4.00%
15th December 2022	3.50%
3rd November 2022	3.00%
22nd September 2022	2.25%
4th August 2022	1.75%
16th June 2022	1.25%
5th May 2022	1.00%
17th March 2022	0.75%
3rd February 2022	0.50%
16th December 2021	0.25%
19th March 2020	0.10%
11th March 2020	0.25%
2nd August 2018	0.75%
2nd November 2017	0.50%
4th August 2016	0.25%
5th March 2009	0.50%
5th February 2009	1.00%
8th January 2009	1.50%
4th December 2008	2.00%
6th November 2008	3.0%
8th October 2008	4.50%
10th April 2008	5.00%
7th February 2008	5.25%
6th December 2007	5.50%
5th July 2007	5.75%
10th May 2007	5.50%
11th January 2007	5.25%
9th November 2006	5.00%
3rd August 2006	4.75%
4th August 2005	4.50%

The latest news

07 Apr 2025

Minimum wage rose on 1 April

Increases to the National Living Wage and National Minimum Wage took effect from 1 April.

07 Apr 2025

No further tax increases in Spring Statement

Chancellor Rachel Reeves announced 'no further tax increases' in the 2025 Spring Statement.

07 Apr 2025

Finance Act 2025 receives Royal Assent

The first Finance Act of the Labour government has gained Royal Assent and passed into law.

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