BANK OF ENGLAND BASE RATE SET AT 0.25%
Posted on 10 August 2016
On the 4th August the Bank of England made the decision to lower their base rate from 0.5% down to 0.25%. Along with this they have introduced a package of measures which aim to increase the flow of money within the Economy through increased spending. The package of measures includes the Term Funding Scheme (TFS) which aims to provide banks with close to base rate borrowing to allow the benefits of this reduced rate to help the cut in interest rate more effectively benefit households and firms.The reduction in interest rates and borrowing costs consequently makes investment a more attractive proposition. So how does the change in Bank of England base rate affect the agricultural land market?Agricultural land is seen as a safe haven for investors. The uncertainty that is felt within the economy in the lead up to leaving the EU is likely to support investment in the Agricultural Land Market. This is likely to be the case for the near future until more information is known about future UK trade deals, import and export tariffs and decisions about future farming subsidies.  This view is supported by recent market evidence through sales carried out by Vickers and Barrass.
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