Business, Ecomony

The Effects of 10 Years of Low Interest Rates on the UK Economy

Low interest rates have had significant impact on the UK economy over the last 10 years.

In fact, it’s been over 10 years since interest rates last rose in the UK, since the moment the financial crisis started to bite hard in 2007.

Current UK inflation levels are much higher than the base interest rate, and this gap is now putting a squeeze on regular consumers’ finances.

This infographic from Best Savings Rate highlights this fact and explains a few relevant statistics about the Bank of England interest rate over this time period.

The effects of low interest on the economy


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