Fleet News

Interest rates cut by 1.5%

The Bank of England has cut interest rates by one-and-a-half percentage points to 3%.

This is the lowest rate since 1955.

Last month it cut rates from 5% to 4.5% in an emergency move co-ordinated with other central banks.

It is the biggest rate cut since a 2% reduction in 1981.



Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee