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That becomes 2.50% including the 0.25% bonus, which is just 'a rod for their backs' now. The change takes effect from today.New underlying interest rate Previous underlying interest rate
2.25% AER / 2.22% gross* (variable) 1.75% AER / 1.74% gross* (variable)
https://www.bbc.co.uk/news/business-63471725The Bank of England's decision means its benchmark interest rates have hit 3% for the first time since November 2008, in the midst of the financial crisis.
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