Of course, though it’s not the only reason to change the base rate, inflation is the key one (more on this below). Thelatest inflation ratein the UK is 2.6%, and expected to temporarily increase further to 3.5% in the autumn (down from a 3.7% prediction in February). Though the B...
What is the current CPI rate? What is the UK target inflation rate? What is in the CPI ‘basket’? The difference between CPI and CPIH The difference between CPI and RPI How is CPI used? The consumer prices index (CPI) rate increased to 3% in the year to January 2025, up from 2.5...
Sky's Economics and Data Editor Ed Conway has stressed the decision to raise the base rate by 5% is a sign of just "how worried the Bank’s Monetary Policy Committee is about inflation", which looks like it is becoming dangerously sticky. ...
UK mortgage interest rates can change quickly at the moment, depending on the current cost of swap rates, Bank of England (BoE) base rate announcements, and lenders' discretion. In this article, we break down the current average mortgage rates in the UK and look at the potential direction...
If you move money directly from your credit card’s available credit limit into a UK current account, this is a money transfer. You might also be charged a fee for this on top of your money transfer interest rate. More on money transfers ...
Customer effort score (CES) is a customer satisfaction metric that measures how easy it is for customers to interact with your business.
Ecommerce is the business of buying and selling goods and services over the internet. Ecommerce customers can make purchases from their computers as well as other touchpoints including smartphones, smartwatches, and digital assistants such as Amazon’s E
TikTok is an up and coming option with 35.3 million users buying on the platform. In 2023, the platform gained more shoppers than the net increase of shoppers on Facebook, Instagram, and Pinterest combined. According to Statista, the social commerce penetration rate had risen by 23.6% in 2023...
In the world of public utilities, a rate base is the value of a utility’s assets on which it is allowed to earn a return. The term “return” refers to the amount of money, expressed as a percentage, the company is allowed to make in profit. A variety of assets and fixed costs ...
Collect both quantitative and qualitative data to learn how your website or application is performing in its current state. The following elements represent quantitative data: Bounce rate Video views Traffic Subscriptions Average items added to the cart Purchases Downloads Much of this information can ...