Would you be able to explain what the Bank of England Monetary Policy committee is? Or what interest rates are? That’s the challenge we gave to a group of ten year olds from Sale in Greater Manchester .
Kate, Dylan and Nate were born in 2007, the year that interest rates last rose. The Bank of England base rate peaked at 5.75% in July 2007 before falling to a record low of 0.25%.
WARNING! Sadly several jelly bankers WERE harmed in the making of this video….
This clip is originally from 5 live Breakfast on Wednesday 1 November 2017.