Interest rates were at record lows between 2008 and 2022

Interest rates, %

Labour

Coalition

Conservative

10%

1-8 Oct 2008

US and UK

introduce

bailouts

11 May 2010

Coalition

government

8

12 May 2015

Conservative

government

6

4

24 Feb 2022

Russia invades

Ukraine

2

0

2000

2005

2010

2015

2020

Labour

Coalition

Conservative

10%

1-8 Oct 2008

US and UK

introduce bailouts

11 May 2010

Coalition

government

12 May 2015

Conservative

government

8

6

24 Feb 2022

Russia invades

Ukraine

4

2

0

2000

2005

2010

2015

2020