{"id":86006,"date":"2017-11-03T10:49:13","date_gmt":"2017-11-03T10:49:13","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=4157fd4a748554104e2efe07c7bbb15b"},"modified":"2017-11-03T10:49:13","modified_gmt":"2017-11-03T10:49:13","slug":"news-story-bank-of-england-increases-interest-rate-to-0-5","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=86006","title":{"rendered":"News story: Bank of England increases interest rate to 0.5%"},"content":{"rendered":"<div class=\"govspeak\">\n<p>The Bank of England Monetary Policy Committee voted 7-2 on 2 November 2017 to increase the Bank of England base rate to 0.5%.<\/p>\n<p>HMRC interest rates are linked to the Bank of England base rate.<\/p>\n<p>As a consequence of the change in the base rate, HMRC interest rates for late payment will be increased.<\/p>\n<p>These changes will come into effect on:<\/p>\n<ul>\n<li>13 November 2017 for quarterly instalment payments<\/li>\n<li>21 November 2017 for non-quarterly instalment payments<\/li>\n<\/ul>\n<p>Repayment interest rates remain unchanged.<\/p>\n<p>Information on the interest rates for late payments will shortly be updated <a href=\"https:\/\/www.gov.uk\/government\/publications\/rates-and-allowances-hmrc-interest-rates-for-late-and-early-payments\/rates-and-allowances-hmrc-interest-rates\">here<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HMRC interest rates for late payments will be revised following Bank of England interest rate rise<\/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\/86006"}],"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=86006"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/86006\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}