article_snippet: Bank of England England slashed interest rates to a historic low of 0.5 per cent in March 2009 at the height of the Great Recession.
article_snippet: Bank of England England (pictured) slashed interest rates to a historic low of 0.5 per cent in March 2009 at the height of the Great Recession, which has had a crippling impact on prudent households .
article_snippet: ’ Interest rates were 5 per cent in September 2008 – the month US investment banking giant Lehman Brothers collapsed.
article_snippet: But US investment banking giant Lehman Brothers were cut aggressively as the global financial crisis deepened, before reaching an all-time low of 0.5 per cent on March 5, 2009.
article_snippet: ‘we would almost certainly have been left in a much sorrier state by the financial crisis’.
highlights_snippet: Bank of England slashed interest rates to historic 0.5% low in March 2009 .
  