ISMI and the budget

[Deleted User]

In november the chancellor announced changes to ISMI including the freezing of the applicable interest rate at 6.08% for 6 months,today he said the changes would be extended for 6 months,but he didnt say if that included the freeze on the interest rate,has anybody heard anything definite about this yet?

NASA_2

If your talking about the overall interest rate then that is a matter for the Bank of England. Its likely to stay low for a while but there is nothing definite.

[Deleted User]

ESA wrote: »

If your talking about the overall interest rate then that is a matter for the Bank of England. Its likely to stay low for a while but there is nothing definite.

No was talking about ISMI rate,now confirmed as being 6.08% until november:j

Jibbajabba

woodbine wrote: »

No was talking about ISMI rate,now confirmed as being 6.08% until november:j

Actually in the report (part A.31) it says it will stay at 6.08 until Dec 31st.

[Deleted User]

Jibbajabba wrote: »

Actually in the report (part A.31) it says it will stay at 6.08 until Dec 31st.

even better news then innit

Jibbajabba

woodbine wrote: »

even better news then innit

Yes. Just wanted to pass on the actual detail after scanning 268 pages as you guys/girls do a brilliant job on this forum (you know who I mean). I'm rarely stable enough to post. I know some of you have a mortgage, just wanted to help.

[Deleted User]

Jibbajabba wrote: »

Yes. Just wanted to pass on the actual detail after scanning 268 pages as you guys/girls do a brilliant job on this forum (you know who I mean). I'm rarely stable enough to post. I know some of you have a mortgage, just wanted to help.

sorry i wasnt having a go,i just assumed that 6 months from november plus another 6 months would mean this november