{"id":73020,"date":"2016-08-05T09:19:33","date_gmt":"2016-08-05T09:19:33","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=41f8ebea166ffda6093bf043f7b042dd"},"modified":"2016-08-05T09:19:33","modified_gmt":"2016-08-05T09:19:33","slug":"news-story-bank-of-england-cuts-bank-rate-to-0-25","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=73020","title":{"rendered":"News story: Bank of England cuts Bank Rate to 0.25%"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The Bank of England Monetary Policy Committee voted unanimously on 4 August to cut the Bank of England base rate to 0.25%.<\/p>\n<p><abbr title=\"HM Revenue and Customs\">HMRC<\/abbr> interest rates are linked to the Bank of England base rate.<\/p>\n<p>As a consequence of the change in the base rate, <abbr title=\"HM Revenue and Customs\">HMRC<\/abbr> interest rates for late payment will be reduced.<\/p>\n<p>These changes will come into effect on:<\/p>\n<ul>\n<li>15 August 2016 for quarterly instalment payments<\/li>\n<li>23 August 2016 for non-quarterly instalment payments<\/li>\n<\/ul>\n<p>Repayment interest rates remain unchanged.<\/p>\n<p>Information on the <a href=\"https:\/\/www.gov.uk\/government\/publications\/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments\">interest rates for late payments<\/a> will be updated shortly.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HMRC interest rates for late payments will be revised following Bank of England interest rate cut.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/73020"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73020"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/73020\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}