LiveMore comment on today's interest rate decision

06 November 2025

Simon Webb, managing director of capital markets and finance at LiveMore, commented:

“The Bank of England’s decision to hold the base rate at 4% is not unexpected considering the current economic climate. With headline inflation trending lower than expected some analysts had predicted a quarter point drop, and the voting split shows how close the decision was. But with inflation still above target and wage growth high, the Bank has held firm. With the next MPC meeting on 18th December, however, borrowers will be hoping for an early Christmas present with a rate reduction.

“For older borrowers, many of whom are on fixed incomes, stability in the market is what’s required so they can make longer-term decisions about their financial needs. However, with Rachel Reeves this week dropping her biggest hint yet that tax rises are inevitable, it will be a nervous wait to see what comes out of the budget.

“At LiveMore, we’re committed to supporting this demographic with lending solutions that go beyond traditional criteria. We want to see the Government support a more flexible lending environment that recognises the diversity and complexity of later life finances. This includes smarter regulation, innovation in product design, and a shift in the industry mindset about what older borrowers can and should be able to do.”