Our general strategic advice to clients on borrowing has focused on utilising internal resources, building positive exposure to short-term interest rates and a “low for longer” rate outlook. This outcome now appears more likely, as the UK negotiate their exit from the EU and their new relationship with Europe. As such, we see no need to change this strategic approach.
Please find attached a Borrowing Update based on the post-EU Referendum Vote for further details and an accompanying current PWLB Fixed Rate Sheet.