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diyhelp
Active Member
As the Bank of England ponders the idea of moving UK base rates into negative territory, many are wondering whether base rate reductions are having any real impact on the UK economy. The idea of negative interest rates is simple, this encourages banks, businesses and individuals to invest their money rather than save it. In all honesty, the UK economy is in need of a fiscal boost as the once powerful impact of base rate reductions has been reduced significantly in recent years.