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Unions and manufacturing groups have greeted today’s base rate rise with concern. At lunchtime the Bank of England’s Monetary Policy Committee (MPC) decided to raise base rate to 4.75 per cent, the highest rate since September 2001. Last July the base rate stood at 3.5 per cent. Announcing the rise the MPC said that with… Read more »
The Scottish Executive has announced that it will be giving local authorities the power to reduce the 50 per cent council tax discount on second homes. The discount has been the source of much tension in picturesque areas of the country, notably the Highlands. Local inhabitants have complained that second homeowners push up the price… Read more »
