The BoE’s MPC meets 8 times per year to set the ‘bank rate’, otherwise known as the Bank of England base rate or the interest rate. The BoE can decide to keep the rate the same, raise it, or decrease it.

It is important that the BoE has an accurate and up-to-date understanding of the current market conditions, particularly at this crucial time, so we do encourage the UKFT network to complete this short survey.

It should take approximately 5 minutes to complete and will help ensure the voice of the UK fashion and textiles industry is heard.