Base interest rate rises to 0.75% following meeting of the Bank of England's Monetary Policy Committee
Monetary Policy Committee voted to increase base rate to 0.5%
GDP growth for the country is expected to reach 2% next year, according to think thank
The Bank of England has lowered the base interest rate to 0.25% - a 322-year record low for the United Kingdom.
The Bank of England has delivered an unexpected verdict on interest rates this afternoon, electing to keep the interest rate at 0.5%.