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Commercial Credit News
|Brexit and concerns over the UK’s economic health|
|Friday, 15 April 2016|
Kevin Caley, Founder and Chairman of peer-to-peer lender ThinCats comments on today’s interest rate announcement: “The MPC won’t have lost sleep over today’s decision, which was in essence, a predetermined vote.
"Brexit and concerns over the UK’s economic health mean that rock bottom interest rates are here to stay. As far as savers are concerned, until the base rate overtakes the inflation rate they are still paying for the mistakes of the banks, meaning we are still to some extent in a financial crisis. Savers must rethink their savings plans and consider alternatives to make their money go a little further.”
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