Tag Archives: chancellor

Who sets interest rates?

The Bank of England’s Monetary Policy Committee(MPC) meets each month to set interest rates. The MPC is made up of nine experts. Five are senior Bank of England staff and four are external members, appointed by the Chancellor. Each has a vote to decide what interest rate to set.

What does the Chancellor of the Exchequer do?

The Chancellor of the Exchequer has the overall responsibility for the work of the Treasury. His main roles are to raise revenue through taxation or borrowing and controlling public spending.

Fuel Pumps

The Autumn Statement: 5 Highlights and What They Mean for Small Businesses

The Autumn Statement has been announced by UK Chancellor Philip Hammond with several impacts on small businesses. Here are five highlights from the statement and how they could impact your business.