7.1A. Average rates against sterling(13.1)

7.1A Average rates against sterling(13.1)

Broad Exchange rates Ster ling Ster ling

effective effective exchange exchange

rate index rate index Hong

Januar y Januar y Australian Canadian Cypr iot Danish Estonian Kong Hungarian 2007= 100¹ 2007= 100² Euro³ dollar dollar Czech Kor una Pound kroner Kroon dollar Forint

BK67 BK82 THAP AJFP AJFB BK25 BK22 AJFK BK28 AJFU BK33 2004 101.6 101.7^† 1.4739 2.490 2.3831 47.0195 0.8575 10.965 23.0610 14.2707 370.8458 2005 100.4 100.3 1.4629 2.385 2.2048 43.5537 0.8437 10.901 22.8867 14.1477 362.8009 2006 101.2 101.0 1.4670 2.446 2.0900 41.5666 0.8446 10.943 22.9524 14.3182 387.5955 2007 103.6^† 103.2 1.4619 2.390 2.1467 40.6006 0.8517 10.892 22.8759 15.6201 367.3316 2008 90.8 90.4 1.2588 2.188 1.9621 31.3855 0.7367 9.385 19.7029 14.4304 316.5264 2005 Aug 99.7 99.7^† 1.4592 2.355 2.1616 43.1591 0.8362 10.885 22.8318 13.9444 356.5439

Sep 100.7 100.6 1.4761 2.362 2.1308 43.2759 0.8455 11.009 23.0955 14.0356 363.0736 Oct 99.7 99.6 1.4674 2.341 2.0767 43.5429 0.8408 10.950 22.9601 13.6823 369.2312 Nov 99.4 99.3 1.4719 2.359 2.0497 43.0746 0.8440 10.980 23.0304 13.4469 369.5825 Dec 99.5^† 99.4 1.4725 2.349 2.0282 42.6843 0.8442 10.976 23.0388 13.5390 372.1649 2006 Jan 99.1 98.9 1.4582 2.357 2.0469 41.8419 0.8365 10.880 22.8155 13.7079 365.5479 Feb 98.9 98.7 1.4637 2.356 2.0079 41.5988 0.8406 10.926 22.9015 13.5566 368.3035 Mar 98.4 98.2 1.4500 2.401 2.0184 41.5328 0.8340 10.819 22.6880 13.5288 378.3270 Apr 98.4 98.2 1.4402 2.399 2.0232 41.0494 0.8300 10.746 22.5340 13.7172 382.0883 May 101.2 101.0 1.4637 2.448 2.0764 41.3623 0.8416 10.914 22.9024 14.5016 383.9396 Jun 100.9 100.7 1.4560 2.492 2.0533 41.3264 0.8371 10.857 22.7817 14.3075 396.8696 Jul 100.9 100.7 1.4540 2.451 2.0819 41.3643 0.8359 10.848 22.7505 14.3403 403.0065 Aug 102.9 102.7 1.4785 2.482 2.1200 41.6899 0.8513 11.031 23.1336 14.7318 405.4426 Sep 102.9 102.7 1.4811 2.495 2.1037 42.0352 0.8537 11.050 23.1745 14.6679 406.3963 Oct 103.1 102.8 1.4869 2.489 2.1164 42.0482 0.8573 11.086 23.2652 14.6027 396.6763 Nov 103.4 103.1 1.4834 2.475 2.1731 41.5653 0.8569 11.061 23.2107 14.8788 383.9409 Dec 104.4 104.1 1.4860 2.498 2.2636 41.2701 0.8589 11.078 23.2503 15.2611 377.2499 2007 Jan 105.4 105.1 1.5079 2.502 2.3038 41.9983 0.8721 11.240 23.5936 15.2780 382.8367 Feb 104.9 104.6 1.4969 2.502 2.2931 42.2740 0.8670 11.158 23.4213 15.2958 379.2024 Mar 103.4 103.1 1.4703 2.455 2.2746 41.2448 0.8525 10.953 23.0055 15.2139 366.8674 Apr 104.1 103.7 1.4713 2.403 2.2553 41.2100 0.8554 10.966 23.0211 15.5602 361.7697 May 103.8 103.4 1.4677 2.403 2.1717 41.4427 0.8557 10.937 22.9639 15.5105 364.8435 Jun 104.4 104.0 1.4805 2.358 2.1156 42.2782 0.8640 11.022 23.1650 15.5216 370.1210 Jul 105.1 104.7 1.4821 2.345 2.1365 42.0009 0.8658 11.028 23.1901 15.9039 366.0522 Aug 104.4 104.1 1.4762 2.429 2.1284 41.1191 0.8625 10.987 23.0970 15.7186 376.7223 Sep 103.2 102.8 1.4515 2.386 2.0723 40.0153 0.8481 10.815 22.7115 15.7091 367.7689 Oct 102.7 102.2 1.4370 2.275 1.9953 39.2714 0.8396 10.711 22.4839 15.8555 360.5674 Nov 101.7 101.3 1.4106 2.313 2.0010 37.6704 0.8242 10.515 22.0710 16.1011 358.6825 Dec 99.8 99.3 1.3863 2.313 2.0245 36.4765 0.8111 10.342 21.6907 15.7402 351.0004 2008 Jan 96.5 96.0 1.3383 2.235 1.9929 34.8639 0.7833 9.971 20.9404 15.3738 342.6374

Feb 96.0 95.5 1.3316 2.151 1.9625 33.7860 0.7794 9.926 20.8355 15.3121 349.1247 Mar 94.5 94.1 1.2897 2.167 2.0047 32.4593 0.7549 9.616 20.1793 15.5885 335.3933 Apr 92.7 92.3 1.2580 2.130 2.0113 31.5177 0.7363 9.385 19.6832 15.4403 318.7565 May 92.7 92.3 1.2633 2.070 1.9626 31.7115 0.7394 9.425 19.7661 15.3190 312.8188 Jun 92.8 92.4 1.2636 2.067 1.9976 30.7086 0.7396 9.424 19.7702 15.3478 306.5536 Jul 92.9 92.5 1.2615 2.066 2.0141 29.7090 0.7384 9.411 19.7382 15.5067 292.5144 Aug 91.4 91.0 1.2614 2.140 1.9905 30.6396 0.7383 9.410 19.7369 14.7490 297.5536 Sep 89.6 89.3 1.2531 2.199 1.9037 30.6338 0.7334 9.346 19.6063 14.0060 301.6305 Oct 89.1 88.9 1.2718 2.467 1.9915 31.4969 0.7444 9.481 19.8995 13.1129 331.4457 Nov 83.2 83.1 1.2041 2.332 1.8681 30.3210 0.7048 8.969 18.8402 11.8885 318.9225 Dec 77.9 77.9 1.1043 2.215 1.8376 28.8236 0.6463 8.227 17.2778 11.5169 292.0228 2009 Jan 76.7 76.8 1.0919 2.143 1.7708 29.7032 0.6391 8.137 17.0832 11.2095 306.1506

Feb 78.6 78.7 1.1264 2.217 1.7953 32.0536 0.6593 8.393 17.6239 11.1736 335.5791 Mar 76.6 76.8 1.0867 2.128 1.7920 29.5869 0.6360 8.096 17.0024 10.9894 330.8110 Apr 78.6 78.6 1.1157 2.060 1.8025 29.8434 0.6530 8.311 17.4565 11.4041 328.7061 May 80.2 80.1 1.1295 2.015 1.7764 30.2187 0.6611 8.411 17.6730 11.9591 318.4920 Jun 83.7 83.6 1.1682 2.040 1.8436 30.9716 0.6837 8.698 18.2779 12.6848 327.5753 Jul 83.2 83.2 1.1622 2.034 1.8374 29.9972 0.6802 8.653 18.1837 12.6836 316.4926 Aug 83.4 83.4 1.1597 1.981 1.7978 29.7604 0.6788 8.633 18.1452 12.8190 313.0952

1 The methodology for this series accounts for changing trade flows over time. An article in the Winter 2004 edition of the Bank of England Quarter ly Bulletin (pages 429-441) provides further infor mation on the calculation of this index.

2 This series is a broad measure of the sterling exchange rate index cover ing a wider set of countries. An article in the Winter 2004 edition of the Bank of England Quarter ly Bulletin (pages 429-441) provides further infor mation on the calculation of this index.

3 Prior to the Januar y 1999, a synthetic Euro has been calculated by geometr ically averaging the bilateral exchange rates of the 11 Euro -area countries using "internal weights"based on each country’s share of

the extra Euro - area trade.

Source: Bank of England

7.1A Average rates against sterling(13.1)

continued

New South United

Japanese Latvian Lithuanian Maltese Zealand Norwegian Polish Slovak Afr ican Swedish Swiss States yen Lats Litas Lira dollar kroner Zloty Kor una¹ rand kronor franc dollar

AJFO BK39 BK36 BK44 AJFV AJFJ BK47 BK55 AJFW AJFI AJFD AUSS 2004 198.10 0.9802 5.0891 0.6307 2.7617 12.342 6.6751 58.9975 11.8077 13.453 2.276 1.8320 2005 200.14 1.0185 5.0511 0.6289 2.5821 11.718 5.8809 56.4452 11.5711 13.577 2.265 1.8197 2006 214.33 1.0215 5.0654 0.6297 2.8412 11.810 5.7137 54.5829 12.5004 13.571 2.308 1.8429 2007 235.63 1.0235 5.0478 0.6274 2.7220 11.720 5.5315 49.3771 14.1099 13.521 2.401 2.0018 2008 192.28 0.8844 4.3462 0.5413 2.6056 10.335 4.4138 39.3977 15.1347 12.089 1.998 1.8528 2005 Aug 198.48 1.0157 5.0384 0.6263 2.5797 11.551 5.8967 56.4298 11.6002 13.631 2.266 1.7943 Sep 200.86 1.0276 5.0966 0.6334 2.5852 11.527 5.7812 56.7858 11.5042 13.779 2.287 1.8081 Oct 202.62 1.0220 5.0668 0.6301 2.5277 11.490 5.7530 57.1257 11.6150 13.835 2.273 1.7640 Nov 205.41 1.0249 5.0822 0.6319 2.5158 11.522 5.8428 56.9314 11.5402 14.080 2.274 1.7341 Dec 207.02 1.0260 5.0840 0.6321 2.5100 11.740 5.6702 55.7802 11.1020 13.889 2.279 1.7462 2006 Jan 204.09 1.0150 5.0349 0.6260 2.5733 11.724 5.5657 54.6442 10.7447 13.568 2.259 1.7678 Feb 205.95 1.0189 5.0539 0.6281 2.5968 11.801 5.5555 54.7253 10.6864 13.672 2.281 1.7470 Mar 204.53 1.0093 5.0067 0.6223 2.7524 11.567 5.6298 54.3288 10.8961 13.629 2.276 1.7435 Apr 206.83 1.0024 4.9727 0.6185 2.8438 11.300 5.6405 53.8002 10.7565 13.442 2.268 1.7685 May 208.79 1.0189 5.0540 0.6280 2.9666 11.413 5.6985 54.9943 11.8373 13.654 2.278 1.8702 Jun 211.22 1.0135 5.0274 0.6249 2.9801 11.443 5.8645 55.4028 12.8460 13.449 2.271 1.8428 Jul 213.39 1.0121 5.0205 0.6243 2.9888 11.547 5.8022 55.7733 13.0462 13.399 2.282 1.8447 Aug 219.50 1.0291 5.1050 0.6347 2.9864 11.821 5.7696 55.6576 13.1493 13.616 2.333 1.8944 Sep 220.76 1.0310 5.1141 0.6358 2.8787 12.242 5.8766 55.5346 14.0260 13.732 2.346 1.8847 Oct 222.57 1.0351 5.1342 0.6383 2.8360 12.491 5.7969 54.6669 14.3381 13.766 2.364 1.8755 Nov 224.21 1.0340 5.1222 0.6368 2.8578 12.235 5.6727 53.1983 13.8577 13.500 2.362 1.9119 Dec 230.07 1.0368 5.1309 0.6382 2.8342 12.134 5.6653 51.9043 13.8201 13.421 2.373 1.9633 2007 Jan 235.92 1.0519 5.2067 0.6474 2.8187 12.481 5.8510 52.4298 14.0837 13.693 2.436 1.9587 Feb 235.91 1.0485 5.1687 0.6426 2.8229 12.107 5.8320 51.6188 14.0566 13.754 2.427 1.9581 Mar 228.39 1.0424 5.0769 0.6310 2.7854 11.959 5.7083 49.6736 14.3187 13.671 2.372 1.9471 Apr 236.70 1.0351 5.0803 0.6316 2.7056 11.948 5.6092 49.2370 14.1418 13.589 2.410 1.9909 May 239.63 1.0222 5.0677 0.6300 2.7055 11.952 5.5514 49.5374 13.9274 13.512 2.423 1.9836 Jun 243.66 1.0308 5.1121 0.6354 2.6243 11.922 5.6301 50.3060 14.2173 13.812 2.450 1.9864 Jul 247.05 1.0328 5.1176 0.6359 2.5880 11.760 5.5838 49.3703 14.1834 13.617 2.456 2.0338 Aug 234.76 1.0300 5.0970 0.6333 2.7738 11.767 5.6262 49.6064 14.5287 13.763 2.418 2.0111 Sep 232.22 1.0192 5.0120 0.6231 2.8104 11.366 5.4969 49.0899 14.3473 13.475 2.393 2.0185 Oct 236.93 1.0103 4.9618 0.6166 2.6906 11.054 5.3215 48.2930 13.8304 13.182 2.401 2.0446 Nov 229.64 0.9882 4.8706 0.6051 2.7158 11.214 5.1540 46.8777 13.9004 13.106 2.326 2.0701 Dec 226.78 0.9670 4.7866 0.5947 2.6233 11.106 4.9894 46.3265 13.7835 13.073 2.300 2.0185 2008 Jan 212.16 0.9344 4.6210 0.5755 2.5495 10.652 4.8299 44.8882 13.8043 12.622 2.168 1.9698 Feb 210.34 0.9279 4.5978 0.5726 2.4644 10.585 4.7593 44.0253 15.0434 12.472 2.141 1.9638 Mar 201.98 0.8988 4.4530 0.5546 2.5010 10.291 4.5604 41.8873 15.9785 12.133 2.027 2.0032 Apr 203.44 0.8773 4.3436 0.5409 2.5108 10.018 4.3298 40.7196 15.3899 11.790 2.009 1.9817 May 204.96 0.8828 4.3619 0.5432 2.5287 9.942 4.2990 39.7573 14.9573 11.766 2.052 1.9641 Jun 210.17 0.8887 4.3628 0.5433 2.5831 10.099 4.2632 38.3202 15.6108 11.852 2.039 1.9658 Jul 212.40 0.8874 4.3558 0.5424 2.6350 10.150 4.1082 38.2551 15.1367 11.930 2.043 1.9880 Aug 206.48 0.8880 4.3555 0.5424 2.6622 10.064 4.1497 38.2731 14.4683 11.856 2.045 1.8889 Sep 191.81 0.8847 4.3266 0.5388 2.6659 10.227 4.2210 37.9450 14.4827 11.995 1.996 1.7986 Oct 169.34 0.9021 4.3913 0.5469 2.7845 10.937 4.5438 38.7489 16.4383 12.537 1.930 1.6900 Nov 148.63 0.8541 4.1576 0.5178 2.7198 10.636 4.4978 36.5920 15.5265 12.216 1.826 1.5338 Dec 135.61 0.7823 3.8128 0.4748 2.6620 10.418 4.4139 33.3435 14.7801 11.897 1.699 1.4859 2009 Jan 130.43 0.7690 3.7703 0.4695 2.6303 10.064 4.6242 .. 14.3458 11.728 1.629 1.4452 Feb 133.79 0.7950 3.8893 0.4844 2.7962 9.905 5.2330 .. 14.3850 12.311 1.679 1.4411 Mar 138.68 0.7696 3.7521 0.4673 2.6641 9.617 5.0268 .. 14.1032 12.146 1.638 1.4174 Apr 145.32 0.7913 3.8523 0.4797 2.5779 9.807 4.9266 .. 13.2010 12.126 1.690 1.4715 May 148.94 0.8010 3.9001 0.4857 2.5623 9.947 4.9859 .. 12.9391 11.956 1.707 1.5429 Jun 158.23 0.8192 4.0336 0.5023 2.5636 10.464 5.2650 .. 13.1611 12.719 1.770 1.6366 Jul 154.55 0.8141 4.0128 0.4997 2.5406 10.410 4.9905 .. 13.0155 12.580 1.766 1.6366 Aug 157.15 0.8132 4.0043 0.4987 2.4468 10.049 4.7894 .. 13.1550 11.840 1.768 1.6539

Slovakia joined the Eurozone on 1st Januar y 2009 Source: Bank of England

7.1B End month rates and forward margins against sterling (13.2)

Percentage per annum

Canadian dollar Danish kroner

3 months forward¹ 3 months forward¹

Spot (cents) percent Spot (ore) percent

AJGD AJGE AJGF AJHE AJHF AJHG

2005 Sep 2.0527 −0.76 −1.48 10.947 −6.38 −2.33

Oct 2.0881 −0.70 −1.34 11.027 −6.23 −2.26

Nov 2.0221 −0.58 −1.15 10.944 −5.58 −2.04

Dec 2.0060 −0.51 −1.03 10.854 −5.37 −1.98

2006 Jan 2.0310 −0.41 −0.81 10.927 −5.22 −1.91

Feb 1.9928 −0.30 −0.60 10.960 −4.78 −1.74

Mar 2.0231 −0.31 −0.61 10.696 −4.32 −1.62

Apr 2.0368 −0.22 −0.43 10.766 −4.55 −1.69

May 2.0604 −0.16 −0.31 10.866 −4.62 −1.70

Jun 2.0565 −0.12 −0.24 10.788 −4.17 −1.55

Jul 2.1104 −0.21 −0.40 10.918 −4.00 −1.47

Aug 2.1106 −0.33 −0.63 11.083 −4.23 −1.53

Sep 2.0842 −0.37 −0.71 10.999 −4.11 −1.49

Oct 2.1369 −0.46 −0.86 11.137 −4.14 −1.49

Nov 2.2461 −0.51 −0.91 11.063 −3.96 −1.43

Dec 2.2770 −0.54 −0.95 11.064 −3.80 −1.37

2007 Jan 2.3105 −0.67 −1.16 11.231 −4.26 −1.52

Feb 2.2983 −0.67 −1.17 11.056 −4.13 −1.49

Mar 2.2622 −0.71 −1.26 10.978 −3.91 −1.42

Apr 2.2095 −0.74 −1.34 10.919 −3.87 −1.42

May 2.1149 −0.73 −1.38 10.952 −3.92 −1.43

Jun 2.1346 −0.72 −1.35 11.056 −4.31 −1.56

Jul 2.1704 −0.69 −1.27 11.045 −4.27 −1.55

Aug 2.1341 −0.74 −1.39 11.022 −5.90 −2.14

Sep 2.0248 −0.62 −1.23 10.677 −4.14 −1.55

Oct 1.9735 −0.69 −1.40 10.701 −4.22 −1.58

Nov 2.0553 −0.71 −1.38 10.445 −4.57 −1.75

Dec 1.9650 −0.62 −1.26 10.153 −3.17 −1.25

2008 Jan 2.0045 −0.76 −1.52 10.010 −2.72 −1.09

Feb 1.9432 −0.92 −1.90 9.764 −3.08 −1.26

Mar 2.0390 −1.09 −2.14 9.353 −2.62 −1.12

Apr 1.9946 −1.17 −2.35 9.491 −2.21 −0.93

May 1.9643 −1.20 −2.45 9.485 −2.32 −0.98

Jun 2.0192 −1.18 −2.34 9.420 −1.86 −0.79

Jul 2.0321 −1.17 −2.31 9.473 −1.43 −0.60

Aug 1.9324 −1.05 −2.18 9.238 −4.39 −1.90

Sep 1.8947 −0.13 −0.28 9.464 −1.16 −0.49

Oct 1.9637 −1.04 −2.12 9.491 −0.63 −0.27

Nov 1.9045 −0.09 −0.18 9.010 3.56 1.58

Dec 1.7744 −0.38 −0.85 7.698 2.82 1.46

2009 Jan 1.7874 −0.07 −0.15 8.386 2.75 1.31

Feb 1.8094 −0.10 −0.23 8.362 2.07 0.99

Mar 1.8033 −0.14 −0.31 8.040 1.89 0.94

Apr 1.7606 −0.13 0.30 8.331 1.68 2.89

May 1.7668 −0.17 −0.39 8.482 1.59 0.72

Jun 1.9126 −0.14 4.00 8.742 1.08 0.49

Jul 1.7934 −0.10 −0.23 8.708 1.25 −0.57

Aug 1.7670 −0.03 −0.06 8.446 1.36 0.64

7.1B End month rates and forward margins against sterling (13.2)

continued Percentage per annum

Japanese yen Norwegian kroner

3 months forward¹ 3 months forward¹

Spot (yen) percent Spot (ore) percent

AJHQ AJHR AJHS AJHB AJHC AJHD

2005 Sep 200.49 −2.27 −4.53 11.5404 −6.32 −2.19

Oct 206.05 −2.34 −4.54 11.5049 −6.12 −2.13

Nov 207.09 −2.32 −4.48 11.6544 −6.01 −2.06

Dec 202.63 −2.25 −4.44 11.6230 −5.87 −2.02

2006 Jan 208.11 −2.27 −4.36 11.8334 −5.99 −2.03

Feb 202.81 −2.24 −4.42 11.8184 −5.81 −1.97

Mar 204.62 −2.29 −4.48 11.3825 −5.23 −1.84

Apr 207.62 −2.36 −4.55 11.2305 −5.20 −1.85

May 209.78 −2.38 −4.54 11.3621 −4.96 −1.75

Jun 211.40 −2.29 −4.33 11.5070 −4.91 −1.71

Jul 213.69 −2.32 −4.34 11.5157 −4.83 −1.68

Aug 223.08 −2.51 −4.50 11.9914 −5.04 −1.68

Sep 220.62 −2.57 −4.66 12.1769 −5.07 −1.66

Oct 223.44 −2.64 −4.73 12.4765 −5.23 −1.68

Nov 227.48 −2.64 −4.64 12.1159 −4.75 −1.57

Dec 233.20 −2.68 −4.60 12.1871 −4.30 −1.41

2007 Jan 236.75 −2.88 −4.87 12.2588 −4.30 −1.40

Feb 232.20 −2.83 −4.88 12.0400 −3.75 −1.25

Mar 231.55 −2.80 −4.84 11.9698 −3.38 −1.13

Apr 238.98 −2.97 −4.97 11.8921 −3.52 −1.18

May 240.96 −3.04 −5.05 11.9405 −3.43 −1.15

Jun 247.81 −3.21 −5.18 11.8506 −3.35 −1.10

Jul 241.97 −3.15 −5.21 11.8318 −3.19 −1.08

Aug 233.82 −3.32 −5.68 11.7415 −3.83 −1.30

Sep 234.34 −3.04 −5.19 11.0450 −1.41 −0.51

Oct 239.50 −3.22 −5.38 11.1922 −1.48 −0.53

Nov 227.98 −3.11 −5.46 11.4017 −1.88 −0.66

Dec 222.38 −2.71 −4.87 10.8122 0.14 0.05

2008 Jan 211.39 −2.45 −4.64 10.8145 0.54 0.20

Feb 207.08 −2.43 −4.69 10.3769 0.68 0.26

Mar 197.80 −2.39 −4.83 10.0987 1.13 0.45

Apr 206.96 −2.46 −4.75 10.1155 2.11 0.83

May 208.63 −2.51 −4.81 10.0790 1.76 0.70

Jun 210.97 −2.51 −4.76 10.1463 2.23 0.88

Jul 214.09 −2.58 −4.82 10.1682 2.08 0.82

Aug 197.91 −2.29 −4.63 9.8593 2.43 0.99

Sep 189.21 −2.03 −4.29 10.5341 8.85 3.36

Oct 158.93 −1.38 −3.47 10.8778 1.99 0.73

Nov 146.16 −0.52 1.43 10.7452 0.64 0.24

Dec 130.17 −0.47 −1.45 10.0832 3.94 1.56

2009 Jan 129.47 −0.35 −1.08 9.9585 3.65 1.46

Feb 139.47 −0.29 −0.83 10.0498 2.99 1.19

Mar 141.55 −0.17 −0.47 9.6848 3.24 1.34

Apr 145.73 −0.21 −0.57 9.7400 3.29 1.35

May 153.93 −0.21 −0.53 10.1441 2.62 1.03

Jun 158.92 −0.20 −0.50 10.5971 2.28 0.86

Jul 157.80 −0.17 −0.44 10.2048 2.22 0.87

Aug 152.46 −0.10 −0.26 9.7751 2.82 1.15

7.1B End month rates and forward margins against sterling (13.2)

continued

Swedish kronor Swiss franc US dollar

3 months forward¹ 3 months forward¹ 3 months forward¹ Spot (ore) percent Spot (centimes) percent Spot (cents) percent

AJGY AJGZ AJHA AJGJ AJGK AJGL LUSS AJGB AJGC

2005 Sep 13.6713 −9.87 −2.89 2.2802 −2.14 −3.75 1.7688 −0.20 −0.45 Oct 14.0954 −10.24 −2.90 2.2851 −2.09 −3.65 1.7700 −0.12 −0.27 Nov 13.9871 −9.81 −2.80 2.2755 −1.98 −3.47 1.7304 −0.05 −0.14 Dec 13.6581 −8.84 −2.59 2.2621 −1.97 −3.49 1.7166 − −0.02 2006 Jan 13.5362 −8.18 −2.42 2.2773 −1.94 −3.40 1.7775 0.07 0.16 Feb 13.8654 −8.35 −2.41 2.2969 −1.93 −3.36 1.7511 0.15 0.34 Mar 13.5168 −7.92 −2.34 2.2663 −1.88 −3.31 1.7345 0.20 0.46 Apr 13.4254 −8.20 −2.44 2.2609 −1.85 −3.27 1.8179 0.24 0.53 May 13.5036 −8.10 −2.40 2.2733 −1.90 −3.35 1.8712 0.29 0.64 Jun 13.3205 −7.41 −2.23 2.2657 −1.78 −3.15 1.8494 0.39 0.84 Jul 13.4827 −7.50 −2.23 2.2990 −1.82 −3.17 1.8671 0.36 0.77 Aug 13.7625 −7.51 −2.18 2.3453 −1.89 −3.22 1.9018 0.23 0.48 Sep 13.6929 −7.56 −2.21 2.3427 −1.87 −3.20 1.8682 0.17 0.38 Oct 13.7779 −7.53 −2.19 2.3727 −1.95 −3.29 1.9073 0.12 0.25 Nov 13.4559 −7.12 −2.12 2.3569 −1.89 −3.19 1.9670 0.09 0.18 Dec 13.3937 −6.81 −2.03 2.3895 −1.84 −3.08 1.9570 0.05 0.12 2007 Jan 13.6385 −7.13 −2.09 2.4426 −1.96 −3.21 1.9574 −0.06 −0.14 Feb 13.7501 −7.40 −2.15 2.3934 −1.99 −3.33 1.9600 −0.05 −0.12 Mar 13.7602 −7.35 −2.14 2.3946 −1.92 −3.21 1.9613 −0.09 −0.18 Apr 13.4166 −7.14 −2.13 2.4132 −1.98 −3.29 1.9997 −0.14 −0.28 May 13.6788 −7.56 −2.21 2.4245 −2.00 −3.31 1.9782 −0.19 −0.38 Jun 13.7578 −7.75 −2.25 2.4596 −1.97 −3.20 2.0064 −0.27 −0.54 Jul 13.6841 −7.46 −2.18 2.4453 −2.02 −3.30 2.0322 −0.30 −0.59 Aug 13.8919 −8.67 −2.50 2.4375 −2.31 −3.79 2.0171 −0.40 −0.79 Sep 13.1792 −6.08 −1.85 2.3801 −2.03 −3.41 2.0374 −0.41 −0.82 Oct 13.2104 −5.82 −1.76 2.4077 −2.09 −3.47 2.0774 −0.64 −1.23 Nov 13.1320 −5.60 −1.71 2.3211 −2.17 −3.74 2.0561 −0.63 −1.24 Dec 12.8672 −3.81 −1.18 2.2543 −1.71 −3.04 1.9909 −0.49 −0.98 2008 Jan 12.7247 −3.18 −1.00 2.1562 −1.53 −2.83 1.9882 −1.14 −2.31 Feb 12.2743 −2.90 −0.95 2.0765 −1.49 −2.87 1.9892 −1.31 −2.63 Mar 11.7844 −2.52 −0.86 1.9656 −1.39 −2.82 1.9875 −1.42 −2.87 Apr 11.8728 −1.93 −0.65 2.0631 −1.51 −2.93 1.9803 −1.28 −2.61 May 11.8653 −2.28 −0.77 2.0645 −1.60 −3.11 1.9762 −1.40 −2.83 Jun 11.9700 −2.24 −0.75 2.0273 −1.56 −3.07 1.9901 −1.38 −2.77 Jul 11.9878 −1.81 0.60 2.0761 −1.57 −3.02 1.9810 −1.35 −2.73 Aug 11.7168 −1.20 −0.41 2.0030 −1.48 −2.96 1.8237 −1.18 −2.59 Sep 12.4271 2.73 0.88 1.9977 −1.06 −2.12 1.7821 0.50 1.12 Oct 12.5964 −3.59 −1.14 1.8861 −1.17 −2.48 1.6158 −0.73 −1.80 Nov 12.4295 1.27 0.41 1.8643 0.90 1.94 1.5345 0.09 0.23 Dec 11.3810 −0.81 −0.29 1.5298 −0.40 −1.05 1.4376 −0.23 −0.65 2009 Jan 11.9552 −0.03 −0.01 1.6723 −0.34 −0.81 1.4416 −0.10 −0.28 Feb 12.8237 0.96 0.30 1.6606 −0.38 −0.92 1.4255 −0.02 −0.06 Mar 11.8477 −0.44 −0.15 1.6296 −0.28 −0.69 1.4331 0.05 0.14

Apr 11.9373 −0.25 −0.08 1.6881 −0.27 −0.63 1.4820 − −

May 12.2239 −0.25 −0.08 1.7196 −0.24 −0.57 1.6125 −0.05 −0.14 Jun 12.7595 0.03 0.01 1.7906 −0.24 0.54 1.6468 −0.03 −0.06 Jul 12.0788 −0.77 −0.26 1.7842 −0.20 −0.46 1.6579 −0.04 −0.08 Aug 11.5076 −0.05 −0.02 1.7213 −0.01 −0.03 1.6311 −0.01 −0.02 1 Forward margins: foreign currency at a premium-/discount+;

ster ling at a discount-/premium+.

2 Discontinued series due to the introduction of the Euro.

Source: Bank of England

7.1C Interest rate differentials and exchang e rates(13.3)

Last working day

Percent per annum Exchange rates against Ster ling 3 month sterling LIBOR London gold

Interest Interbank and interest differentials price per

Interest on on US $ offered between the UK and fine troy Special Drawing Rights of Euro US Treasur y deposits in rate in oz. (p.m.

bills London London fixing)

(3 months) (3 months) (3 months) Ger many Japan US US $ £ Ster ling US $ Yen £ ster ling US $

LUST AJIB AJWR AJHZ AJIW AFBI AJIF AJIG AJIH DEPL THAO THAT 2004 2.18 2.56 4.83 2.69 4.79 2.28 438.00 0.8041 1.5427 161.161 1.4127 0.7358 2005 3.92 4.51 4.58 2.10 4.52 0.09 513.00 0.8301 1.4293 168.039 1.4552 0.8477 2006 4.89 5.34 5.28 1.57 4.72 −0.05 635.70 0.7664 1.5044 178.813 1.4841 0.7584 2007 3.29 4.77 5.95 1.27 5.06 1.18 833.75 0.7888 1.5803 177.225 1.3619 0.6840 2008 0.11 1.41 2.83 0.01 2.07 1.49 869.75 1.0566 1.5403 139.302 1.0342 0.7194 2005 Aug 3.44 3.84 4.53 2.41 4.48 0.70 433.25 0.8188 1.4598 163.123 1.4628 0.8131 Sep 3.47 4.07 4.54 2.38 4.49 0.49 473.25 0.8206 1.4495 164.354 1.4670 0.8294 Oct 3.89 4.24 4.55 2.29 4.50 0.32 470.75 0.8134 1.4458 167.756 1.4776 0.8348 Nov 3.86 4.41 4.57 2.10 4.52 0.17 495.65 0.8246 1.4241 170.327 1.4683 0.8485 Dec 3.92 4.51 4.58 2.10 4.52 0.09 513.00 0.8301 1.4293 168.039 1.4552 0.8477 2006 Jan 4.37 4.69 4.53 1.99 4.47 −0.15 568.75 0.8160 1.4454 169.285 1.4639 0.8236 Feb 4.51 4.81 4.52 1.87 4.44 −0.28 556.00 0.8217 1.4350 166.908 1.4688 0.8388 Mar 4.52 4.98 4.55 1.74 4.45 −0.42 582.00 0.8305 1.4409 169.631 1.4332 0.8263 Apr 4.66 5.10 4.62 1.78 4.52 −0.47 644.00 0.8134 1.4711 167.951 1.4432 0.7939 May 4.74 5.22 4.67 1.75 4.38 −0.54 653.00 0.7948 1.4942 167.244 1.4571 0.7787 Jun 4.88 5.46 4.72 1.67 4.38 −0.73 613.50 0.8065 1.4794 169.565 1.4463 0.7820 Jul 4.97 5.43 4.74 1.58 4.33 −0.69 632.50 0.7959 1.4839 169.829 1.4631 0.7836 Aug 4.92 5.37 4.95 1.69 4.55 −0.42 623.50 0.7803 1.4885 174.350 1.4858 0.7813 Sep 4.77 5.33 5.04 1.63 4.62 −0.28 599.25 0.7894 1.4764 174.154 1.4749 0.7895 Oct 4.95 5.35 5.15 1.59 4.72 −0.19 603.75 0.7795 1.4800 174.467 1.4943 0.7835 Nov 4.90 5.33 5.21 1.58 4.71 −0.11 646.70 0.7707 1.5077 175.259 1.4840 0.7544 Dec 4.89 5.34 5.28 1.57 4.72 −0.05 635.70 0.7664 1.5044 178.813 1.4841 0.7584 2007 Jan 4.99 5.32 5.55 1.77 5.03 0.23 650.50 0.7632 1.4902 181.083 1.5063 0.7695 Feb 5.01 5.30 5.49 1.65 4.79 0.20 664.20 0.7690 1.5047 178.400 1.4836 0.7569 Mar 4.91 5.31 5.57 1.65 4.91 0.27 661.75 0.7713 1.5102 178.278 1.4733 0.7512 Apr 4.79 5.33 5.68 1.68 5.03 0.37 677.00 0.7642 1.5242 182.231 1.4654 0.7328 May 4.60 5.34 5.77 1.66 5.09 0.44 659.10 0.7651 1.5129 184.023 1.4702 0.7432 Jun 4.68 5.35 5.96 1.81 5.22 0.64 650.50 0.7559 1.5156 187.021 1.4857 0.7405 Jul 4.82 5.33 6.01 1.76 5.24 0.69 665.50 0.7538 1.5312 182.737 1.4843 0.7304 Aug 3.91 5.61 6.60 1.91 5.68 1.04 672.00 0.7588 1.5326 178.521 1.4795 0.7335 Sep 3.62 5.33 6.23 1.49 5.25 0.95 743.00 0.7663 1.5567 179.466 1.4324 0.7030 Oct 3.84 4.85 6.21 1.65 5.35 1.40 789.50 0.7580 1.5719 180.972 1.4358 0.6911 Nov 2.92 5.23 6.56 1.77 5.59 1.36 783.50 0.7695 1.5902 175.985 1.4006 0.6812 Dec 3.29 4.77 5.95 1.27 5.06 1.18 833.75 0.7888 1.5803 177.225 1.3619 0.6840 2008 Jan 1.92 3.06 5.54 1.20 4.71 2.53 923.25 0.8000 1.5953 169.402 1.3428 0.6754 Feb 1.81 2.96 5.70 1.33 4.76 2.76 971.50 0.8120 1.6106 167.868 1.3104 0.6588 Mar 1.36 3.00 5.99 1.29 5.11 3.03 933.50 0.8270 1.6445 163.874 1.2543 0.6311 Apr 1.44 3.06 5.80 0.98 4.92 2.79 871.00 0.8256 1.6238 169.117 1.2718 0.6422 May 1.85 2.98 5.84 1.01 4.95 2.90 885.75 0.8212 1.6207 170.983 1.2716 0.6435 Jun 1.87 2.99 5.91 0.99 5.01 2.95 930.25 0.8202 1.6336 172.298 1.2632 0.6347 Jul 1.67 2.86 5.77 0.83 4.89 2.93 918.00 0.8200 1.6200 175.450 1.2696 0.6409 Aug 1.69 2.99 5.73 0.79 4.87 2.77 832.50 0.8584 1.5699 170.756 1.2388 0.6793 Sep 0.90 5.32 6.23 1.03 5.29 0.98 884.50 0.8652 1.5572 163.648 1.2684 0.7117 Oct 0.44 2.85 5.93 1.23 5.06 3.15 730.75 0.9202 1.4883 145.199 1.2745 0.7888 Nov 0.01 3.78 3.98 0.25 3.17 0.33 814.50 0.9702 1.4880 141.789 1.2095 0.7882 Dec 0.11 1.41 2.83 0.01 2.07 1.49 869.75 1.0566 1.5403 139.302 1.0342 0.7194 2009 Jan 0.24 1.58 2.13 0.16 1.58 0.68 919.50 1.0432 1.4919 133.780 1.1249 0.7803 Feb 0.26 1.60 2.05 0.32 1.51 0.56 952.00 1.0337 1.4674 143.333 1.1224 0.7874 Mar 0.13 1.16 1.65 0.19 1.10 0.54 916.50 1.0426 1.4951 147.130 1.0794 0.7532 Apr 0.14 1.35 1.38 0.09 0.90 0.10 883.25 1.0104 1.4978 147.027 1.1184 0.7547 May 0.14 0.77 1.23 0.03 0.78 0.53 975.50 0.9584 1.5481 148.288 1.1392 0.7065 Jun 0.20 0.92 1.18 0.11 0.75 0.28 934.50 0.9373 1.5522 148.967 1.1739 0.7129 Jul 0.18 0.66 0.90 0.04 0.49 0.24 939.00 0.9377 1.5533 148.607 1.1694 0.7054 Aug 0.17 0.36 0.70 −0.10 0.31 0.34 955.50 0.9580 1.5639 146.821 1.1348 0.6957 Source: Bank of England

7.1D British government securities:clean prices and yields ¹

Last working Friday of the period

Pr incipal Pr incipal Pr incipal

Str ip Str ip Str ip

7 June 2021 7 March 2025 7 June 2032 7.25% Treasur y Stock 2007 Gross redemption Gross redemption Gross redemption Gross redemption

yield % per yield % per yield % per Clean yield % per Pr ice £ annum Price £ annum Price £ annum price £ annum

Clean prices and yields¹

GPVK GPVL OEVO OEVP GPVN GPVO IDZO IDZP

2007 Sep 51.39 4.924 44.04 4.760 32.42 4.522 100.26 5.735

Oct 52.46 4.797 44.95 4.695 33.97 4.435 99.39 5.860

Nov 53.45 4.691 45.80 4.576 34.15 4.432 100.00 −

Dec 54.01 4.638 46.50 4.506 34.94 4.350 .. ..

2008 Jan 54.28 4.634 46.69 4.502 34.81 4.379 .. ..

Feb 54.35 4.650 46.46 4.557 34.66 4.415 .. ..

Mar 53.85 4.750 45.88 4.654 34.42 4.459 .. ..

Apr 52.15 5.029 44.39 4.875 33.14 4.633 .. ..

May 51.60 5.148 43.92 4.969 33.13 4.653 .. ..

Jun 51.76 5.156 43.98 4.983 33.28 4.649 .. ..

Jul 51.88 5.169 44.01 5.001 33.18 4.677 .. ..

Aug 55.08 4.727 46.41 4.703 34.07 4.487 .. ..

Sep 54.75 4.805 45.77 4.810 33.50 4.670 .. ..

Oct 54.52 4.876 44.29 5.045 91.76 4.839 .. ..

Nov 59.15 4.239 47.14 4.677 34.68 4.554 .. ..

Dec 63.05 3.735 50.22 4.295 37.92 4.176 .. ..

2009 Jan 59.50 4.250 47.04 4.742 33.24 4.774 .. ..

Feb 61.39 4.017 47.26 4.735 33.79 4.718 .. ..

Mar 64.52 3.628 51.75 4.178 37.81 4.239 .. ..

Apr 62.47 3.926 49.05 4.545 35.54 4.529 .. ..

May 61.37 4.105 48.68 4.619 34.73 4.648 .. ..

Jun 62.26 4.010 49.82 4.492 35.51 4.565 .. ..

Jul 61.80 4.105 48.58 4.682 34.33 4.735 .. ..

Aug 63.68 3.873 53.13 4.117 38.99 4.180 .. ..

Nominal amount outstanding at end of year: £ million

IDLE

2005 11 655

2006 11 655

9% Treasur y 5.75% Treasur y 6.25% Treasur y 9% Conversion 5% Treasur y Loan 2008 Stock 2009 Stock 2010 Loan 2011 Stock 2012

Gross Gross Gross Gross Gross redemption redemption redemption redemption redemption Clean yield % per Clean yield % per Clean yield % per Clean yield % per Clean yield % per pr ice £ annum price £ annum price £ annum price £ annum price £ annum

Clean prices and yields¹

AJUP AJUQ IDZQ IDKW IDKX IDKY IDKZ IDOJ GPVQ GPVR 2007 Sep 103.72 5.248 101.51 5.007 103.60 4.997 113.39 5.059 100.03 4.991 Oct 103.32 5.386 101.51 4.983 103.74 4.922 113.56 4.945 100.47 4.877 Nov 103.22 5.114 102.37 4.504 104.84 4.495 104.40 4.619 101.58 4.586 Dec 103.16 4.828 102.50 4.386 105.13 4.347 114.63 4.476 102.98 4.500 2008 Jan 102.70 5.048 102.39 4.392 105.03 4.336 114.50 4.428 102.39 4.357 Feb 102.60 4.627 102.85 4.054 105.76 3.997 115.12 4.131 104.22 4.158 Mar 102.25 4.690 102.82 3.999 105.70 3.961 115.09 4.042 103.58 4.007 Apr 101.71 5.173 93.12 4.477 104.26 4.478 112.80 4.652 101.65 4.528 May 101.30 5.307 101.09 4.994 102.93 4.978 111.09 5.095 100.19 4.941 Jun 101.01 5.353 100.92 5.075 102.67 5.053 110.64 5.164 99.72 5.082 Jul 100.75 5.299 93.53 4.980 102.95 4.888 110.80 5.022 100.20 4.937 Aug 100.41 5.277 101.39 4.632 103.84 4.420 111.94 4.502 101.87 4.420 Sep 100.15 4.924 101.90 4.090 104.25 4.164 112.20 4.300 102.16 4.317 Oct .. .. 103.32 2.645 106.75 2.851 114.41 3.350 104.34 3.609 Nov .. .. 104.04 1.724 107.94 2.140 115.70 2.740 106.04 3.041 Dec .. .. 104.91 0.606 109.54 1.221 117.18 2.066 107.70 2.486 2009 Jan .. .. 104.47 0.894 109.28 1.057 117.75 1.563 109.37 2.320 Feb .. .. 103.94 0.589 109.03 0.978 117.47 1.456 109.06 1.893 Mar .. .. 99.69 0.458 108.77 0.881 117.48 1.209 108.48 2.007 Apr .. .. 99.73 0.452 108.45 0.809 116.65 1.294 108.43 1.945 May .. .. 99.71 0.563 108.03 0.786 115.98 1.307 108.24 1.926 Jun .. .. 102.23 0.601 107.27 1.005 114.80 1.565 107.15 2.240 Jul .. .. 101.85 0.366 107.04 0.833 114.33 1.480 107.11 2.167 Aug .. .. 101.43 0.345 106.90 0.614 114.46 1.127 107.94 1.760 Nominal amount outstanding at end of year: £ million

AJUS IDLF IDLG IDLH GPVS

2007 410.46 12 006 5 205 5 664 14 009

2008 .. 14 096 6 111 6 650 24 433

1 Clean price excludes accrued interest.

2 Data from November 1998 have been supplied by the UK Debt Manage- ment Office(DMO), whilst earlier data were provided by the Bank of Eng- land.

Source: UK Debt Management Office

7.1D British government securities:clean prices and yields ¹

Last working Friday of the period continued

8% Treasur y 8.75% Treasur y 8% Treasur y 6% Treasur y 4.25% Treasur y 4.75% Treasur y 4.25% Treasur y Stock 2015 Stock 2017 Stock 2021 Stock 2028 Stock 2032 Stock 2038 Gilt 2055

Gross Gross Gross Gross Gross Gross Gross redempti- redempti- redempti- redempti- redempti- redempti- redempti- on yield on yield on yield on yield on yield on yield on yield Clean % per Clean % per Clean % per Clean % per Clean % per Clean % per Clean % per pr ice £ annum. price £ annum. price £ annum. price £ annum. price £ annum. price £ annum price £ annum

Clean prices and yields¹

IDWZ IDZC AJRG AJRH IDZD IHZG IHZH IHZI IHZJ BMCY A5FN A5FO E7S4 E7S5 2007 Sep 119.40 5.072 128.78 5.023 129.79 4.971 116.13 4.780 93.96 4.664 102.70 4.586 96.54 4.423 Oct 120.39 4.918 129.71 4.901 131.19 4.843 117.56 4.681 95.30 4.570 104.15 4.501 97.84 4.357 Nov 121.83 4.699 131.62 4.667 132.62 4.709 118.71 4.601 96.10 4.515 104.86 4.459 97.45 4.378 Dec 122.26 4.617 131.97 4.608 133.66 4.611 119.95 4.516 97.39 4.426 106.77 4.350 99.96 4.252 2008 Jan 122.49 4.561 132.19 4.562 133.47 4.614 119.72 4.528 97.17 4.441 106.13 4.385 98.92 4.303 Feb 122.98 4.463 132.29 4.524 133.73 4.578 119.48 4.540 96.97 4.455 106.14 4.384 100.12 4.244 Mar 124.02 4.296 132.68 4.457 133.03 4.625 118.41 4.609 96.49 4.489 106.03 4.390 100.79 4.211 Apr 120.56 4.748 128.76 4.874 129.23 4.950 115.24 4.824 93.50 4.703 103.06 4.563 98.61 4.319 May 118.39 5.030 126.56 5.104 127.29 5.104 113.60 4.938 92.36 4.789 102.71 4.584 15.91 3.906 Jun 117.20 5.183 125.48 5.213 126.77 5.141 113.18 4.966 92.06 4.812 102.25 4.612 98.57 4.321 Jul 117.80 5.071 126.37 5.086 126.85 5.123 113.39 4.948 92.03 4.815 102.10 4.620 98.08 4.345 Aug 121.13 4.550 130.35 4.588 131.94 4.652 117.61 4.648 95.50 4.562 106.15 4.381 100.97 4.202 Sep 120.83 4.566 129.85 4.622 130.99 4.724 116.30 4.737 93.67 4.695 103.56 4.532 96.76 4.414 Oct 121.46 4.439 129.88 4.587 131.07 4.702 114.29 4.876 91.76 4.839 103.88 4.513 98.73 4.313 Nov 125.90 3.765 135.87 3.869 138.40 4.057 119.94 4.481 97.27 4.438 110.82 4.119 105.21 4.003 Dec 128.95 3.308 140.19 3.368 144.56 3.544 126.26 4.066 103.12 4.043 116.43 3.824 111.05 3.748 2009 Jan 127.07 3.514 135.36 3.860 138.63 4.002 119.31 4.516 95.69 4.551 105.83 4.379 98.74 4.313 Feb 129.51 3.126 138.57 3.465 141.66 3.735 120.46 4.434 96.74 4.477 106.95 4.332 98.93 4.303 Mar 133.00 2.590 143.52 2.881 146.10 3.358 127.86 3.950 103.43 4.021 109.88 4.167 98.57 4.321 Apr 131.59 2.736 140.38 3.186 142.39 3.638 122.86 4.267 99.27 4.230 106.62 4.350 98.16 4.342 May 131.47 2.700 138.94 3.308 140.19 3.802 121.58 4.348 97.66 4.413 102.98 4.565 93.98 4.563 Jun 129.48 2.938 139.28 3.230 140.40 3.766 123.11 4.242 98.79 4.334 105.84 4.394 98.19 4.341 Jul 127.39 3.195 136.71 3.486 139.04 3.861 120.00 4.447 96.26 4.514 103.99 4.503 96.48 4.430 Aug 129.35 2.850 138.71 3.212 141.63 3.622 129.24 3.838 103.82 3.993 110.55 4.125 103.48 4.082 Nominal amount outstanding at end of year: £ million

IDLI AJPS IDLJ IDLK IDLL A5FP E7S6

2007 7 744 8 136 17 573 12 340 17 326 14 958 11 602

2008 9 092 9 551 20 631 14 489 20 342 17 561 17 413

2.5% Consolidated 2.5% Treasur y² 2.5% Treasur y² 2.5% Treasur y² 2% Treasur y² 1.25% Treasur y Stock 3.5% War Loan Index-linked 2011 Index-linked 2016 Index-linked 2024 Index-linked 2035 Index-linked 2055

Gross Gross Gross Gross Gross Gross Gross

redempti- redempti- redempti- redempti- redempti- redempti- redempti- on yield on yield on yield on yield on yield on yield Real on yield Clean % per Clean % per Clean % per Clean % per Clean % per Clean % per clean % per pr ice £ annum. price £ annum. price £ annum. price £ annum. price £ annum. price £ annum price £ annum

Clean prices¹and yields²

AJLE AJLF AJLG AJLH HRZR HSEU AJLS AJLT AJOO AJOP A5FQ A5FR E7RZ E7S2 2007 Sep 53.40 4.681 76.06 4.601 279.46 1.916 261.74 1.905 240.37 1.482 142.25 1.102 116.16 0.841 Oct 54.37 4.598 77.47 4.518 280.01 1.937 264.51 1.807 241.67 1.462 142.90 1.093 115.83 0.848 Nov 54.48 4.589 77.62 4.509 284.01 1.655 271.08 1.545 249.35 1.265 147.59 0.963 117.09 0.819 Dec 55.68 4.490 79.36 4.410 283.67 1.776 271.54 1.562 252.13 1.207 151.34 0.862 122.67 0.693 2008 Jan 55.19 4.530 78.65 4.450 286.31 1.651 275.04 1.460 257.35 1.093 155.26 0.767 125.44 0.633 Feb 55.24 4.526 78.72 4.446 290.75 1.023 277.53 1.267 256.12 1.086 153.80 0.785 125.69 0.626 Mar 55.15 4.533 78.59 4.453 294.31 0.843 285.22 0.993 258.18 1.076 155.34 0.770 127.54 0.587 Apr 53.04 4.713 75.53 4.634 288.69 1.507 275.17 1.500 252.26 1.264 152.88 0.856 128.93 0.557 May 52.58 4.755 74.87 4.675 289.46 1.692 275.00 1.624 254.01 1.275 156.61 0.784 135.42 0.425 Jun 52.30 4.780 74.47 4.699 291.86 1.564 280.37 1.420 262.60 1.061 163.42 0.607 138.53 0.364 Jul 52.19 4.790 74.30 4.710 290.16 2.000 273.99 1.833 256.89 1.275 53.07 4.710 132.40 0.483 Aug 55.02 4.544 78.41 4.463 294.48 1.436 286.74 1.179 273.40 0.798 170.12 0.444 139.91 0.335 Sep 53.20 4.699 75.77 4.619 292.47 1.761 280.35 1.525 259.07 1.216 157.59 0.812 127.34 0.586 Oct 52.59 4.754 74.88 4.674 286.96 2.657 256.61 2.860 253.10 1.991 145.22 1.224 117.77 0.796 Nov 56.81 4.401 81.01 4.320 271.50 4.656 245.46 3.460 229.53 2.148 146.35 1.169 113.98 0.886 Dec 61.38 4.072 87.65 3.993 281.88 2.894 268.90 2.012 242.78 1.649 155.76 0.830 125.20 0.629 2009 Jan 53.79 4.648 76.62 4.568 290.65 1.121 276.44 1.406 247.12 1.405 155.04 0.784 124.15 0.650 Feb 54.79 4.563 78.07 4.483 288.63 0.818 277.33 1.152 240.60 1.504 140.65 1.184 106.81 1.065 Mar 56.86 4.397 81.07 4.317 290.42 0.757 280.46 1.061 248.80 1.287 146.70 1.008 118.68 0.772 Apr 54.38 4.597 77.48 4.517 291.16 0.562 279.67 1.080 246.41 1.352 144.93 1.062 118.39 0.778 May 52.29 4.781 74.45 4.701 292.68 0.297 281.39 0.986 251.50 1.195 149.26 0.922 117.02 0.810 Jun 54.44 4.592 77.56 4.512 292.91 0.467 280.26 1.125 253.78 1.166 155.76 0.743 124.51 0.639 Jul 52.87 4.729 75.29 4.648 296.29 − 277.96 1.283 248.62 1.344 153.92 0.811 126.48 0.595 Aug 57.51 4.347 82.02 4.267 299.51 − 284.91 0.881 258.59 1.028 159.19 0.645 131.09 0.496 Nominal amount outstanding at end of year: £ million

AJJK AJJL HKUN AJIX AJOT A5FS E7S3

2007 195 1 939 4 631 7 696 6 583 9 389 5 288

2008 186 1 939 4 803 7 982 6 827 9 738 6 434

1 Clean price excludes accrued interest.

2 These yields assume a constant annual rate of inflation of 3% from the pub- lished RPI for the eighth month prior to the dividend date.

3 Data from November 1998 have been supplied by the UK Debt Manage- ment Office(DMO), whilst earlier data were provided by the Bank of Eng- land.

Source: UK Debt Management Office

7.1E British government securities:yield curve data

Last working day

Nominal Zero Coupon Yields Nominal Forward Rates

5 years 10 years 20 years 5 years 10 years 20 years¹

SNZC MNZC LNZC AJRM AJRN AJRO

2001 5.09 5.03 4.78 5.20 4.79 4.22

2002 4.17 4.40 4.48 4.59 4.63 4.39

2003 4.61 4.77 4.69 4.93 4.87 4.36

2004 4.43 4.49 4.41 4.52 4.54 4.08

2005 4.10 4.05 3.96 4.07 3.98 3.72

2006 4.91 4.63 4.25 4.60 4.19 3.52

2007 4.41 4.52 4.39 4.66 4.51 4.00

2008 2.71 3.41 4.07 3.94 4.35 4.32

2006 Sep 4.64 4.45 4.15 4.41 4.15 3.52

Oct 4.70 4.42 4.06 4.36 4.01 3.35

Nov 4.69 4.41 4.09 4.36 4.00 3.45

Dec 4.91 4.63 4.25 4.60 4.19 3.52

2007 Jan 5.15 4.86 4.42 4.82 4.35 3.65

Feb 4.97 4.68 4.31 4.62 4.21 3.60

Mar 5.13 4.85 4.47 4.84 4.37 3.76

Apr 5.19 4.93 4.55 4.89 4.48 3.84

May 5.45 5.13 4.70 5.09 4.59 3.89

Jun 5.63 5.36 4.89 5.40 4.81 4.02

Jul 5.35 5.12 4.66 5.14 4.63 3.77

Aug 5.12 4.93 4.55 4.96 4.54 3.80

Sep 4.98 4.95 4.64 5.04 4.74 4.00

Oct 4.94 4.87 4.59 4.87 4.68 3.99

Nov 4.57 4.64 4.52 4.75 4.63 4.14

Dec 4.41 4.52 4.39 4.66 4.51 4.00

2008 Jan 4.30 4.49 4.42 4.57 4.66 4.05

Feb 4.20 4.53 4.50 4.69 4.85 4.09

Mar 3.95 4.42 4.60 4.43 5.21 4.09

Apr 4.44 4.73 4.71 4.74 5.18 4.03

May 4.94 5.00 4.83 4.93 5.15 3.94

Jun 5.17 5.17 4.90 5.19 5.11 3.99

Jul 4.77 4.84 4.74 4.80 5.03 3.99

Aug 4.41 4.52 4.60 4.45 4.81 4.22

Sep 4.21 4.51 4.69 4.55 5.04 4.45

Oct 3.97 4.71 4.93 5.16 5.51 4.47

Nov 3.37 4.03 4.57 4.36 5.00 4.49

Dec 2.71 3.41 4.07 3.94 4.35 4.32

2009 Jan 2.88 4.09 4.70 4.78 5.43 4.95

Feb 2.62 3.82 4.72 4.29 5.49 5.05

Mar 2.45 3.31 4.26 3.57 4.83 5.10

Apr 2.59 3.64 4.58 3.93 5.39 5.07

May 2.72 3.81 4.71 4.08 5.63 5.28

Jun 2.97 3.70 4.57 3.91 5.13 5.12

Jul 3.08 3.91 4.74 4.27 5.28 5.21

Aug 2.69 3.63 4.11 4.02 4.88 4.48

The model used to derive these estimates is spline-based technique, known as the "Var iable Roughness Penalty" (VRP) model which replaces the for merly used Svensson method.

1 Data are missing for October 85 to May 86, and August 91 to Januar y 92 as yields can only be calculated for maturities where gilts exist.

Source: Bank of England

7.1F Cer tificates of tax deposit (13.6)

Rate of interest (gross) per cent at date of chang e

When applied in payment When applied in payment of a scheduled liability of a scheduled liability

Deposits Deposits When Deposits Deposits When of £100,000 under withdrawn of £100,000 under withdrawn

and over¹ £100,000 for cash and over¹ £100,000 for cash Ser ies 6 Ser ies 6 Aug 8 4.50-6.00 4.50 2.25-3.00 1988 Jan 7 7.5-8.75 7.5 5.0

Jan 25 7.5-8.75 7.5 5.0 Nov 7 4.00-6.50 4.00 2.00-3.25

Jan 26 7.5-8.5 7.5 5.0

Mar 14 7.5-8.5 7.5 5.0 1998 Jun 5 4.00-6.50 4.00 2.00-3.25 Mar 22 7.0-8.0 7.0 5.0 Oct 9 3.75-6.25 3.75 2.00-3.25 Apr 11 6.5-7.5 6.5 5.0 Nov 6 3.25-5.75 3.25 1.75-3.00

Apr 20 6.5-7.5 6.5 5.0

May 18 6.0-7.0 6.0 5.0 Dec 11 3.00-5.25 3.25 1.75-2.75

Jun 7 6.0-7.5 6.0 5.0

Jun 23 6.0-8.0 6.0 5.0 1999 Jan 8 2.50-5.00 2.50 1.25-2.50 Jun 29 6.5-8.5 6.5 5.0 Feb 5 1.75-4.50 1.75 1.00-2.25 Jul 5 7.0-9.0 7.0 5.0 Apr 9 1.75-4.25 1.75 1.00-2.25 Jul 20 7.5-9.5 7.0 5.0 Jun 11 1.50-4.00 1.50 0.75-2.00 Aug 9 8.0-9.5 8.0 5.0 Sep 9 1.75-4.50 1.75 1.00-2.25 Aug 30 9.0-10.5 9.0 5.0 Nov 4 2.00-5.00 2.00 1.00-2.50

Nov 8 8.5-10.0 8.5 5.0

Dec 1 9.5-11.0 9.5 5.0 2000 Jan 14 2.25-5.25 2.25 1.25-2.75 Feb 11 2.50-5.25 2.50 1.25-2.75 1989 May 25 10.5-12.0 10.5 5.0

Oct 9 11.5-13.0 11.5 5.0 2001 Feb 9 2.25-4.75 2.25 1.25-2.50 Apr 6 2.00-4.25 2.00 1.00-2.25 1990 Oct 8 10.5-12.0 10.5 5.0 May 11 2.00-4.00 2.00 1.00-2.00 Aug 3 1.50-4.00 1.50 0.75-2.00 1991 Feb 14 10.0-12.0 10.0 5.0 Sep 19 1.25-3.50 1.25 0.75-1.75 Feb 28 9.5-11.5 9.5 5.0 Oct 5 1.00-3.25 1.00 0.50-1.50 Mar 25 9.0-11.0 9.0 5.0 Nov 9 0.50-2.75 0.50 0.25-1.50

Apr 15 8.5-11.0 8.5 5.0

May 28 8.0-10.5 8.0 5.0 2003 Feb 7 0.25-2.75 0.25 0.00-1.25 Jul 15 7.5-10.0 7.5 5.0 Jul 11 0.00-2.50 0.00 0.00-1.25 Sep 5 7.0-9.5 7.0 5.0 Nov 7 0.25-3.00 0.25 0.00-1.50 1992 May 6 6.5-9.0 7.0 5.0 2004 Feb 6 0.50-3.00 0.50 0.25-1.50

Sep 23 5.5-7.5 5.5 5.0 May 7 0.75-3.25 0.75 0.25-1.5

Oct 20 4.75-7.0 4.75 4.0 Jun 11 1.00-3.75 1.00 0.50-1.75 Nov 16 3.5-6.0 3.5 1.75-3.0 Aug 6 1.25-3.75 1.25 0.50-1.75 1993 Jan 27 2.75-5.25 2.75 1.25-2.5 2005 Aug 5 1.00-3.50 1.00 0.50-1.75 Ser ies 7 Ser ies 7 2006 Aug 4 1.75-4.25 1.75 0.75-2.00 Nov 10 1.50-4.00 1.50 0.75-2.00 1993 Nov 24 1.75-4.25 1.75 1.00-2.25

2007 Jan 12 1.50-4.25 1.50 0.75-2.00 1994 Feb 9 1.50-4.00 1.50 0.75-2.00

Sep 13 2.00-5.50 2.00 1.00-2.75 May 11 2.00-4.75 2.00 1.00-2.25 Dec 8 2.50-6.00 2.50 1.25-3.00

July 6 2.25-5.00 2.25 1.10-2.50 1995 Feb 3 3.00-6.25 3.00 1.50-3.25

Dec 14 2.50-5.50 2.50 1.25-2.50 December 7 3.00-5.50 3.00 1.50-2.75 1996 Jan 19 2.75-4.75 2.75 1.50-2.75 2008 Febr uary 8 2.00-4.50 2.00 1.00-2.25

Mar 11 2.50-5.00 2.50 1.25-2.50

Jun 7 2.25-4.75 2.25 1.25-2.50 October 9 2.50-5.25 2.50 2.50-1.25 Oct 31 2.50-5.00 2.50 1.25-2.75 November 7 1.75-4.50 1.75 2.25-0.75 December 5 0.00-2.50 0.00 1.25-0.00 1997 May 7 2.75-5.50 2.75 1.50-2.75

Jun 9 3.00-5.50 3.00 1.50-2.75 2009 Januar y 9 0.00-1.50 0.00 0.00-0.75 Jul 11 3.25-6.00 3.25 1.75-3.00 Febr uary 6 0.00-1.00 0.00 0.00-0.50 March 6 0.00-0.75 0.00 0.00-0.25 1 Rate depends on length of time for which deposits held Source: Board of Inland Revenue

7.1G Company security prices and gross yields

Last wor king day - Price indices FTSE 250:

FT 30 FTSE 100: 31 December FTSE 350: FTSE All-share:

1 July 1935=100 1 Januar y 1984=1000 1985=1412.60 31 December 1985=682.94 10 April 1962=100 FTSE FTSE Eurotop 100 Eurotop 300

Dividend Dividend Dividend Dividend Dividend 2 Jan 1990 31 Dec 1985 Index yield Index yield Index yield Index yield Index yield =1000 =307.32

HSEF A5GC HSEG A5FW HSEJ A5FX HSEK A5FY HSEL A5FZ ZPVF ZPVG 2004 1 975.5 3.5 4 820.1 3.2 6 923.1 2.6 2 455.8 3.1 2 412.3 3.0 2 263.5 1 041.6 2005 2 389.6 3.1 5 618.8 3.1 8 794.3 2.3 2 896.7 3.0 2 847.0 3.0 2 751.4 1 275.5 2006 2 859.6 2.8 6 220.8 3.1 11 177.8 2.0 3 272.7 2.9 3 221.4 2.9 3 092.8 1 483.5 2007 2 741.6 3.1 6 456.9 3.1 10 657.9 2.5 3 356.0 3.0 3 286.7 3.0 3 167.4 1 506.6 2008 1 635.2 4.1 4 434.2 4.4 6 360.9 4.8 2 268.1 4.5 2 209.3 4.5 1 798.7 832.0 2006 Nov 2 778.7 3.0 6 048.9 3.2 10 674.0 2.1 3 173.5 3.0 3 119.9 3.0 3 006.9 1 432.4 Dec 2 859.6 2.8 6 220.8 3.1 11 177.8 2.0 3 272.7 2.9 3 221.4 2.9 3 092.8 1 483.5 2007 Jan 2 838.7 2.9 6 203.1 3.0 11 100.3 2.0 3 261.4 2.9 3 211.8 2.8 3 146.9 1 514.7 Feb 2 801.3 2.9 6 171.5 3.0 11 082.9 2.0 3 246.5 2.9 3 198.3 2.8 3 073.6 1 481.9 Mar 2 974.7 2.8 6 308.0 3.0 11 689.3 1.9 3 334.5 2.9 3 283.2 2.8 3 126.6 1 515.7 Apr 3 049.6 2.8 6 449.2 3.0 11 929.4 1.9 3 408.1 2.8 3 355.6 2.8 3 244.1 1 570.2 May 3 175.6 2.9 6 621.5 2.9 12 111.1 1.9 3 493.1 2.8 3 438.7 2.7 3 323.0 1 611.4 Jun 3 093.1 3.0 6 607.9 2.9 11 527.6 2.0 3 461.5 2.8 3 404.1 2.8 3 328.8 1 605.3 Jul 2 890.7 3.2 6 360.1 3.0 11 337.5 2.1 3 342.2 2.9 3 289.1 2.9 3 211.8 1 549.9 Aug 2 919.5 3.2 6 303.3 3.1 11 309.2 2.1 3 315.5 3.0 3 260.5 2.9 3 191.3 1 535.3 Sep 2 865.4 3.1 6 466.8 3.0 11 037.4 2.2 3 377.0 2.9 3 316.9 2.9 3 248.6 1 550.9 Oct 2 979.7 3.0 6 721.6 3.0 11 666.0 2.0 3 518.4 2.8 3 454.1 2.8 3 335.9 1 595.7 Nov 2 740.5 3.2 6 432.5 3.2 10 748.8 2.3 3 349.1 3.0 3 280.9 3.0 3 209.5 1 526.6 Dec 2 741.6 3.1 6 456.9 3.1 10 657.9 2.5 3 356.0 3.0 3 286.7 3.0 3 167.4 1 506.6 2008 Jan 2 560.1 3.3 5 879.8 3.5 9 881.8 2.7 3 063.3 3.4 3 000.1 3.3 2 791.9 1 329.5 Feb 2 492.2 3.3 5 884.3 3.7 10 067.9 2.8 3 073.0 3.6 3 013.0 3.6 2 757.2 1 315.3 Mar 2 434.8 3.4 5 702.1 3.9 10 013.2 3.0 2 988.3 3.8 2 927.1 3.8 2 636.4 1 262.1 Apr 2 516.7 3.1 6 089.4 3.7 10 007.4 3.1 3 163.6 3.6 3 095.7 3.6 2 806.8 1 337.7 May 2 493.0 3.2 6 053.5 3.9 10 049.3 3.1 3 148.9 3.8 3 082.3 3.7 2 783.4 1 334.4 Jun 2 203.9 3.5 5 625.9 4.2 9 145.8 3.6 2 918.8 4.1 2 855.7 4.1 2 522.4 1 201.4 Jul 2 162.6 3.5 5 411.9 4.3 8 856.7 3.9 2 810.1 4.3 2 749.2 4.3 2 493.4 1 180.0 Aug 2 295.8 3.3 5 636.6 4.1 9 381.8 3.6 2 933.0 4.0 2 868.7 4.0 2 515.4 1 194.7 Sep 1 955.4 3.8 4 902.5 4.7 7 888.2 4.2 2 540.4 4.6 2 483.7 4.6 2 268.8 1 063.7 Oct 1 626.6 4.3 4 377.3 5.3 6 282.6 5.1 2 238.9 5.3 2 183.7 5.3 2 008.1 928.8 Nov 1 589.3 4.3 4 288.0 4.6 6 093.3 5.1 2 191.0 4.7 2 134.0 4.7 1 868.2 862.1 Dec 1 635.2 4.1 4 434.2 4.4 6 360.9 4.8 2 268.1 4.5 2 209.3 4.5 1 798.7 832.0 2009 Jan 1 357.3 4.6 4 149.6 4.8 6 250.8 4.9 2 133.3 4.8 2 078.9 4.8 1 717.6 796.8 Feb 1 257.3 4.9 3 915.6 5.2 6 123.8 4.7 2 021.0 5.2 1 970.2 5.2 1 577.6 732.5 Mar 1 363.4 4.7 3 926.1 5.2 6 373.9 4.2 2 034.8 5.1 1 984.2 5.1 1 580.2 733.7 Apr 1 558.7 4.1 4 243.7 5.0 7 529.0 3.4 2 222.1 4.8 2 173.1 4.8 1 771.3 828.6 May 1 584.6 4.1 4 417.9 4.8 7 572.0 3.4 2 303.8 4.6 2 252.6 4.6 1 846.9 862.2 Jun 1 549.6 4.1 4 249.2 4.7 7 414.6 3.5 2 220.5 4.6 2 172.1 4.6 1 821.2 850.2 Jul 1 701.2 3.8 4 608.4 4.3 8 000.0 3.1 2 406.7 4.1 2 353.5 4.1 1 988.4 928.8 Source: FTSE Group

7.1G Company security prices and gross yields

continued

Last wor king day - Price indices

Resources Basic industr ies Cyclical consumer goods Non-cyclical consumer goods Cyclical services

Dividend Dividend Dividend Dividend Dividend

Index yield Index yield Index yield Index yield Index yield

ZPVH A8SG ZPVI A5G3 ZPVK A5G5 ZPVL A5G6 ZPVM A5G7 2004 5 790.2 2.8 2 904.8 3.0 6 236.9 3.2 5 374.1 3.1 3 012.1 2.6 2005 7 672.6 2.6 3 878.7 2.5 7 248.2 3.2 6 641.0 2.7 3 374.7 2.6 2006 7 559.9 3.1 4 853.6 1.6 8 456.5 2.8 6 323.6 2.8 3 957.0 2.2 2007 9 043.6 2.7 7 220.8 1.2 9 371.4 2.7 5 761.8 3.4 3 725.1 2.7 2008 7 543.7 4.0 3 198.5 3.8 7 566.0 3.8 6 022.7 4.0 2 409.0 4.4 2006 Nov 7 624.5 3.1 4 708.6 1.7 8 073.1 2.9 6 441.4 2.8 3 841.8 2.3 Dec 7 559.9 3.1 4 853.6 1.6 8 456.5 2.8 6 323.6 2.8 3 957.0 2.2 2007 Jan 7 182.8 3.2 4 766.3 1.7 8 493.6 2.8 6 479.5 2.8 4 006.5 2.2 Feb 7 011.9 3.3 4 904.2 1.6 8 505.8 2.7 6 687.4 2.7 4 057.2 2.2 Mar 7 310.8 3.4 5 320.8 1.8 8 958.3 2.6 6 530.9 2.8 4 263.8 2.1 Apr 7 514.0 3.2 5 401.9 1.8 9 086.8 2.5 6 711.8 2.8 4 349.5 2.1 May 7 812.0 3.0 6 069.9 1.3 9 308.0 2.5 6 300.1 3.0 4 427.0 2.0 Jun 8 402.8 2.8 6 288.1 1.3 9 140.6 2.5 6 294.4 3.0 4 172.6 2.1 Jul 8 047.0 3.0 6 259.0 1.2 8 746.6 2.7 6 036.6 3.2 4 054.8 2.2 Aug 7 908.2 3.0 6 042.4 1.4 8 899.2 2.7 6 065.0 3.2 4 048.5 2.2 Sep 8 212.0 2.9 7 017.6 1.2 8 828.5 2.8 6 045.2 3.2 3 932.2 2.3 Oct 8 806.3 2.7 7 294.5 1.2 9 244.1 2.7 5 871.2 3.3 4 157.1 2.3 Nov 8 483.4 2.8 7 459.3 1.1 9 203.7 2.7 5 905.9 3.3 3 736.7 2.7 Dec 9 043.6 2.7 7 220.8 1.2 9 371.4 2.7 5 761.8 3.4 3 725.1 2.7 2008 Jan 7 872.2 3.1 6 857.7 1.2 8 436.9 3.0 5 403.4 3.7 3 374.7 3.0 Feb 8 138.0 3.2 7 751.9 1.4 8 473.7 3.1 5 078.9 4.2 3 232.4 3.2 Mar 7 783.1 3.4 7 169.4 1.5 8 599.6 3.1 4 955.2 4.3 3 102.4 3.3 Apr 9 123.4 3.0 8 072.5 1.3 8 642.1 3.2 5 217.8 4.2 3 165.1 3.4 May 9 301.5 3.0 8 324.4 1.3 8 528.8 3.2 5 229.2 4.2 3 180.3 3.5 Jun 9 073.9 3.0 8 278.5 1.3 7 602.0 3.7 5 147.4 4.2 2 795.4 4.0 Jul 7 992.3 3.6 7 207.7 1.5 7 554.3 3.8 5 538.1 4.0 2 740.7 4.1 Aug 8 348.9 3.4 7 054.0 1.7 8 010.1 3.5 6 117.5 3.6 2 921.3 3.8 Sep 7 071.4 4.0 4 661.0 2.6 7 662.4 3.6 5 636.6 3.9 2 620.8 4.2 Oct 7 199.3 4.2 3 622.1 3.4 7 127.0 3.9 5 663.1 4.2 2 261.4 4.9 Nov 7 390.4 4.1 3 172.3 3.8 7 139.3 4.0 5 319.4 4.5 2 217.3 4.9 Dec 7 543.7 4.0 3 198.5 3.8 7 566.0 3.8 6 022.7 4.0 2 409.0 4.4 2009 Jan 7 241.1 4.2 2 947.8 4.1 7 594.9 3.7 5 788.7 4.1 2 356.6 4.6 Feb 6 871.3 4.9 2 998.7 4.1 6 999.7 4.2 5 167.8 4.6 2 307.1 4.6 Mar 7 033.3 4.8 3 605.9 3.5 6 725.7 4.3 5 196.8 4.6 2 344.4 4.4 Apr 7 189.4 5.3 4 159.7 3.0 6 971.0 4.0 5 085.9 5.1 2 607.9 3.9 May 7 653.0 5.0 4 543.1 2.7 7 241.2 3.9 5 198.6 5.0 2 568.9 3.9 Jun 7 076.0 5.4 4 230.7 2.5 7 241.0 3.9 5 337.6 4.9 2 479.0 3.8 Jul 7 278.6 4.8 4 921.0 2.1 7 951.1 3.7 5 676.2 4.5 2 668.9 3.4 Source: FTSE Group

7.1G Company security prices and gross yields

continued

Last wor king day - Price indices FTSE industry sector

Non-cyclical services Utilities non-financial Financials

Infor mation Index Dividend yield Index Dividend yield Index Dividend yield Index Dividend yield technology

ZPVN A5G8 ZPVO A5G9 HSER A5GA ZPVQ A5GB ZPVP

2004 2 105.7 2.3 4 189.7 4.3 2 315.3 2.8 5 646.5 3.6 399.7

2005 2 109.2 3.0 5 053.4 4.1 2 784.5 2.7 6 353.2 3.5 460.5

2006 2 497.0 4.1 6 831.4 3.0 3 114.8 2.7 7 388.6 3.3 462.1

2007 3 045.4 3.9 7 300.4 3.3 3 447.2 2.6 6 123.8 4.1 432.4

2008 2 147.6 6.1 6 041.6 4.5 2 544.0 4.2 3 012.4 5.6 291.9

2006 Nov 2 373.1 4.3 6 481.0 3.2 3 038.0 2.7 7 038.4 3.5 438.8 Dec 2 497.0 4.1 6 831.4 3.0 3 114.8 2.7 7 388.6 3.3 462.1 2007 Jan 2 595.2 4.0 6 768.3 3.0 3 108.8 2.7 7 348.7 3.2 466.3 Feb 2 492.2 4.1 6 701.4 3.0 3 109.6 2.7 7 242.4 3.2 469.6 Mar 2 436.6 4.2 7 075.6 2.9 3 226.5 2.7 7 248.6 3.3 473.9 Apr 2 570.1 4.0 7 133.0 3.0 3 304.4 2.6 7 372.5 3.2 492.6 May 2 782.2 3.8 7 241.3 3.0 3 414.1 2.5 7 407.3 3.3 491.8 Jun 2 907.2 3.6 6 888.1 3.0 3 422.3 2.5 7 108.6 3.4 478.2 Jul 2 639.0 4.0 6 563.2 3.2 3 295.0 2.6 6 929.9 3.6 487.2 Aug 2 760.2 3.8 6 714.6 3.2 3 294.5 2.6 6 722.9 3.7 482.0 Sep 2 962.3 3.6 6 994.0 3.1 3 385.8 2.6 6 660.5 3.7 479.2 Oct 3 166.8 3.3 7 157.5 3.0 3 541.4 2.5 6 856.1 3.6 498.7 Nov 2 998.0 4.0 7 275.5 3.3 3 412.3 2.7 6 263.5 4.0 427.1 Dec 3 045.4 3.9 7 300.4 3.3 3 447.2 2.6 6 123.8 4.1 432.4 2008 Jan 2 839.4 4.2 6 790.5 3.6 3 140.6 2.9 5 621.2 4.5 398.2 Feb 2 634.0 4.5 6 641.4 4.0 3 167.5 3.1 5 576.6 5.0 376.8 Mar 2 447.3 4.9 6 488.6 4.2 3 053.8 3.2 5 536.2 5.2 367.7 Apr 2 544.5 4.7 6 706.2 4.0 3 277.9 3.1 5 609.6 5.1 386.3 May 2 611.8 5.0 6 903.8 4.1 3 324.9 3.1 5 277.4 5.7 408.2 Jun 2 403.8 5.4 6 581.0 4.3 3 143.6 3.3 4 579.0 6.7 381.2 Jul 2 195.1 5.9 6 626.0 4.4 2 958.1 3.6 4 741.5 6.3 398.0 Aug 2 265.7 5.7 6 821.6 4.1 3 094.5 3.4 4 909.8 5.8 428.1 Sep 2 001.3 6.5 6 701.0 4.2 2 652.6 4.0 4 378.5 6.5 361.2 Oct 1 835.7 7.1 6 174.1 4.6 2 440.5 4.4 3 332.2 8.4 300.6 Nov 1 991.1 6.6 5 776.3 4.7 2 408.0 4.4 3 145.3 5.5 284.6 Dec 2 147.6 6.1 6 041.6 4.5 2 544.0 4.2 3 012.4 5.6 291.9 2009 Jan 1 969.9 6.7 5 812.6 5.1 2 452.5 4.4 2 558.7 6.7 304.9 Feb 1 870.5 7.0 5 643.0 5.3 2 325.9 4.8 2 416.4 7.0 310.3 Mar 1 832.2 7.2 5 065.3 6.2 2 357.7 4.7 2 357.8 7.0 330.0 Apr 1 893.4 6.9 5 246.0 5.9 2 493.7 4.6 2 968.2 5.6 379.0 May 1 768.0 6.6 5 579.0 5.6 2 570.1 4.4 3 142.4 5.2 408.2 Jun 1 810.3 6.4 5 193.0 6.0 2 487.2 4.4 2 991.1 5.0 407.6 Jul 1 934.6 6.0 5 109.3 6.2 2 658.3 4.0 3 393.8 4.4 430.2 Source: FTSE Group

7.1H Shor t-term sterling money rates (13.8)

Last Friday of the period

Per cent per annum Treasur y bills¹ Eligible bills² Commercial paper Cer tificates of deposit

3 months 1 month 3 month 1 month 3 month 1 month 3 month Av erage

rate of

discount Yield Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer

AJNB AJRP AJRQ AJRR AJRS AJRT AJRU AJRV AJRW AJRX AJRZ AJTJ HSAL HSAM 2003 3.74 3.77 3.85 3.85 3.93 3.93 3.81 3.84 3.95 3.98 3.83 3.85 3.95 3.98 2004 4.69 4.75 4.75 4.75 4.76 4.76 4.78 4.82 4.80 4.84 4.77 4.81 4.78 4.82 2005 4.43 4.48 .. .. .. .. 4.57 4.60 4.56 4.59 4.59 4.63 4.57 4.61 2006 5.11 5.17 .. .. .. .. 5.18 5.20 5.26 5.29 5.21 5.24 5.26 5.29 2007 5.24 5.31 .. .. .. .. 6.43 6.50 5.96 6.32 5.90 6.00 5.90 6.00 2008 1.24 1.25 .. .. .. .. 1.63 2.19 2.03 3.15 2.00 2.25 2.65 2.90 2006 Dec 29 5.11 5.17 .. .. .. .. 5.18 5.20 5.26 5.29 5.21 5.24 5.26 5.29 2007 Jan 26 5.37 5.44 .. .. .. .. 5.38 5.41 5.54 5.57 5.30 5.40 5.50 5.50 Feb 23 5.31 5.39 .. .. .. .. 5.38 5.41 5.48 5.51 5.37 5.40 5.47 5.50 Mar 30 5.38 5.42 .. .. .. .. 5.42 5.45 5.57 5.60 5.41 5.44 5.66 5.69 Apr 27 5.47 5.54 .. .. .. .. 5.51 5.54 5.66 5.69 5.51 5.54 5.77 5.80 May 25 5.59 5.67 .. .. .. .. 5.62 5.64 5.76 5.78 5.61 5.64 5.89 5.92 Jun 29 5.77 5.79 .. .. .. .. 5.81 5.84 5.93 5.96 5.81 5.84 6.06 6.09 Jul 27 5.75 5.83 .. .. .. .. 5.86 5.89 6.01 6.04 5.85 5.88 6.09 6.12 Aug 31 5.77 5.83 .. .. .. .. 6.51 6.57 6.58 6.64 6.45 6.55 6.49 6.59 Sep 28 5.61 5.72 .. .. .. .. 6.08 6.20 6.20 6.31 6.03 6.13 6.18 6.28 Oct 26 5.57 5.65 .. .. .. .. 5.92 5.98 6.16 6.22 5.94 6.01 6.15 6.25 Nov 30 5.44 5.51 .. .. .. .. 6.05 6.14 6.55 6.67 5.99 6.09 6.50 6.60 Dec 28 5.24 5.31 .. .. .. .. 6.43 6.50 5.96 6.32 5.90 6.00 5.90 6.00 2008 Jan 25 5.01 5.07 .. .. .. .. 5.40 5.55 5.47 5.58 5.49 5.57 5.50 5.58 Feb 29 4.98 5.43 .. .. .. .. 5.45 5.56 5.65 5.73 5.50 5.58 5.64 5.72 Mar 28 4.77 4.83 .. .. .. .. 5.64 5.80 5.78 6.03 5.70 5.78 5.94 6.02 Apr 25 4.90 4.61 .. .. .. .. 5.33 5.52 5.52 5.81 5.40 5.48 5.76 5.84 May 30 5.04 5.06 .. .. .. .. 5.34 5.49 5.70 5.87 5.38 5.46 5.79 5.87 Jun 27 5.10 5.24 .. .. .. .. 5.42 5.52 5.83 5.91 5.43 5.51 5.87 5.95 Jul 25 5.09 5.15 .. .. .. .. 5.28 5.44 5.67 5.88 5.32 5.40 5.72 5.80 Aug 29 4.94 4.99 .. .. .. .. 5.21 5.40 5.53 5.74 5.30 5.38 5.69 5.77 Sep 26 4.51 4.56 .. .. .. .. 5.45 6.13 5.55 6.40 5.85 6.10 6.10 6.35 Oct 31 3.54 3.51 .. .. .. .. 5.33 5.65 5.49 5.88 5.55 5.75 5.85 6.05 Nov 28 1.68 1.69 .. .. .. .. 2.78 3.27 3.06 3.87 3.05 3.30 3.85 4.10 Dec 19 1.24 1.25 .. .. .. .. 1.63 2.19 2.03 3.15 2.00 2.25 2.65 2.90 2009 Jan 30 0.91 0.91 .. .. .. .. 1.48 1.64 1.58 1.92 1.50 1.75 2.00 2.25 Feb 27 0.66 0.66 .. .. .. .. 1.16 1.59 1.66 2.28 1.25 1.50 1.90 2.15 Mar 27 0.62 0.62 .. .. .. .. 0.85 1.17 1.17 1.81 0.80 1.05 1.45 1.70 Apr 24 0.57 0.57 .. .. .. .. 0.65 0.95 1.13 1.52 0.60 0.85 1.20 1.45 May 29 0.52^† 0.52 .. .. .. .. 0.52 0.86 0.87 1.36 0.45 0.70 1.10 1.35 Jun 26 0.49 0.49 .. .. .. .. 0.48 0.80 0.85 1.23 0.40 0.65 0.95 1.20 Jul 31 0.43 0.43 .. .. .. .. 0.44 0.74 0.66 1.07 0.40 0.65 0.65 0.90 Aug 28 0.37 0.37 .. .. .. .. 0.42 0.66 0.64 1.08 0.40 0.65 0.45 0.70

7.1H Shor t-term sterling money rates (13.8)

Last Friday of the period

continued Per cent per annum

Interbank rates

Over night 1 week 1 month 3 month 6 month 1 year Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid Offer Bid rate rate HSAD HSAE HSAF HSAG HSAH HSAI HSAJ HSAK AJTK AJTL AJTM AJTN 2003 3.31 3.44 3.63 3.75 3.85 3.88 3.95 3.98 4.09 4.13 4.35 4.40 2004 4.75 4.82 4.73 4.78 4.78 4.81 4.81 4.84 4.83 4.87 4.85 4.89 2005 4.80 4.80 4.70 4.73 4.59 4.62 4.57 4.59 4.52 4.54 4.48 4.52 2006 5.32 5.35 5.21 5.25 5.22 5.22 5.26 5.29 5.37 5.40 5.53 5.55 2007 5.80 6.00 5.75 5.85 5.90 5.95 5.95 5.95 5.85 5.87 5.65 5.67 2008 1.50 2.00 1.50 2.00 2.05 2.25 2.75 2.90 2.90 3.10 3.00 3.20 2006 Dec 29 5.32 5.35 5.21 5.25 5.22 5.22 5.26 5.29 5.37 5.40 5.53 5.55 2007 Jan 26 5.31 5.34 5.31 5.34 5.38 5.40 5.54 5.55 5.65 5.68 5.81 5.83 Feb 23 5.32 5.33 5.32 5.34 5.37 5.40 5.48 5.50 5.57 5.60 5.67 5.70 Mar 30 5.32 5.35 5.32 5.35 5.41 5.44 5.56 5.58 5.66 5.69 5.81 5.83 Apr 27 5.27 5.32 5.28 5.33 5.50 5.55 5.66 5.70 5.76 5.81 5.90 5.96 May 25 5.57 5.59 5.56 5.58 5.62 5.64 5.76 5.78 5.89 5.92 6.09 6.12 Jun 29 6.00 6.30 5.90 6.10 5.80 5.85 5.93 5.98 6.05 6.10 6.25 6.29 Jul 27 5.78 5.82 5.80 5.83 5.85 5.88 6.00 6.02 6.09 6.12 6.23 6.26 Aug 31 6.15 6.25 6.15 6.25 6.45 6.55 6.55 6.65 6.49 6.59 6.44 6.54 Sep 28 5.80 6.00 5.90 6.00 6.03 6.13 6.18 6.28 6.20 6.30 6.09 6.19 Oct 26 5.82 5.87 5.80 5.85 5.97 5.98 6.17 6.25 6.14 6.20 6.01 6.11 Nov 30 5.95 6.00 5.90 6.00 6.02 6.09 6.53 6.58 6.27 6.33 5.94 6.00 Dec 28 5.80 6.00 5.75 5.85 5.90 5.95 5.95 5.95 5.85 5.87 5.65 5.67 2008 Jan 25 5.50 5.53 5.51 5.54 5.50 5.57 5.50 5.58 5.46 5.53 5.28 5.37 Feb 29 5.29 5.30 5.30 5.33 5.53 5.58 5.68 5.72 5.62 5.68 5.48 5.56 Mar 28 5.45 5.50 5.45 5.50 5.72 5.78 5.95 6.02 5.93 5.98 5.75 5.84 Apr 25 5.05 5.10 5.08 5.10 5.42 5.47 5.76 5.84 5.80 5.84 5.77 5.82 May 30 5.05 5.10 5.07 5.10 5.38 5.45 5.80 5.87 5.91 5.99 6.10 6.12 Jun 27 5.20 5.30 5.08 5.18 5.43 5.50 5.88 5.94 6.07 6.15 6.38 6.43 Jul 25 5.00 5.03 5.04 5.07 5.33 5.38 5.75 5.79 5.91 5.98 6.10 6.18 Aug 29 5.00 5.02 5.03 5.07 5.31 5.36 5.70 5.75 5.84 5.89 5.95 6.00 Sep 26 6.50 7.00 5.50 6.20 6.00 6.10 6.15 6.30 6.25 6.40 6.35 6.50 Oct 31 4.10 4.50 4.25 4.80 5.55 5.70 5.85 6.00 5.95 6.00 5.95 6.00 Nov 28 2.50 3.00 2.60 3.10 3.05 3.25 3.85 4.10 4.00 4.20 4.00 4.25 Dec 19 1.50 2.00 1.50 2.00 2.05 2.25 2.75 2.90 2.90 3.10 3.00 3.20 2009 Jan 30 1.25 1.60 1.30 1.75 1.50 1.70 2.00 2.25 2.15 2.40 2.30 2.50 Feb 27 0.80 1.00 0.80 1.20 1.30 1.50 1.95 2.15 2.10 2.30 2.25 2.45 Mar 27 0.50 0.75 0.50 0.80 0.95 1.05 1.60 1.70 1.80 1.90 2.00 2.10 Apr 24 0.40 0.55 0.40 0.60 0.70 0.85 1.30 1.45 1.55 1.70 1.80 1.95 May 29 0.40 0.55 0.45 0.65 0.55 0.70 1.15 1.30 1.40 1.50 1.75 1.80 Jun 26 0.40 0.50 0.45 0.60 0.55 0.65 1.15 1.20 1.40 1.45 1.70 1.80 Jul 31 0.40 0.50 0.45 0.60 0.50 0.65 0.90 0.90 1.10 1.20 1.45 1.80 Aug 28 0.40 0.50 0.45 0.60 0.45 0.65 0.70 0.70 0.90 0.95 1.20 1.25 See table 7.1O for certain average rates.

1 Treasur y bills were not tendered in September,October 1989 and August 1992.

2 Discount rates

Source: Bank of England

7.1I National Savings and Investments Rate of interest on Investment Account

Per cent per annum Date of change New Rate Date of change New Rate

Jun 1st

2001 Feb 6 Under £500 £500-£4,999

Under £500 £500-£2,499 £2,500-£4,999 2.75 2.80

4.25 4.35 4.45 £5,000-£9,999 £10,000-£24,999 £25,000-£49,999

£5,000--£9,999 £10,000-24,999 £25,000-£49,999 2.90 3.10 3.30

4.55 4.75 5.05 Jul 4th

May 1st Under £500 £500-£4,999

Under £500 £500-£2,499 £2,500-£4,999 3.00 3.05

4.00 4.10 4.20 £5,000-£9,999 £10, 000-£24,999 £25,000-£49,999

£5,000--£9,999 £10,000-£24,999 £25,000-£49,999_ 3.15 3.35 3.55

4.30 4.50 4.80 Sep 1st

Jun 7th Under £500 £500-£4,999

Under £500 £500-£2,499 £2,500-£4,999 3.25 3.30

3.75 3.85 3.95 £5,000-£9,999 £10, 000-£24,999 £25,000-£49,999

£5,000-£9,999 £10,000-£24,999 £25,000-£49,000 3.40 3.60 3.80 4.05 4.25 4.55 2005 Sep 1st

Dec 14th Under £500 £500-£4,999

Under £500 £500-£4,999 2.95 3.00

2.60 2.70 £5,000-£9,999 £10, 000-£24,999 £25,000-£49,999

£5,000-£9,999 £10,000-£24,999 £25,000-£49,000 3.10 3.30 3.50 2.80 3.00 3.20 2006 Jun 1st

2003 Mar 3rd Under £500 £500-£4,999

Under £500 £500-£4,999 2.90 2.95

2.20 2.30 £5,000-£9,999 £10, 000-£24,999 £25,000-£49,999

£5,000-£9,999 £10,000-£24,999 £25,000-£49,000 3.05 3.25 3.45

2.40 2.60 2.80 Aug 17th

Aug 3rd Under £500 £500-£4,999

Under £500 £500-£4,999 3.15 3.20

2.00 2.05 £5,000-£9,999 £10, 000-£24,999 £25,000-£49,999

£5,000-£9,999 £10,000-£24,999 £25,000-£49,999 3.30 3.50 3.70 2.15 2.35 2.55 2006 Nov 22nd

Dec 4 Under £500 £500-£4,999

Under £500 £500-£4,999 3.30 3.35

2.25 2.30 £5,000-£9,999 £10, 000-£24,999 £25,000-£49,999

£5,000-£9,999 £10,000-£24,999 £25,000-£49,999 3.45 3.65 3.85 2.40 2.60 2.80 2007 Jan 24

2004 Mar 4th Under £500 £500-£4,999

Under £500 £500-£4,999 3.55 3.60

2.50 2.55 £5,000-£9,999 £10,000-£24,999 £25,000-£49,000

£5,000-£9,999 £10,000-£24,999 £25,000-£49,999 3.70 3.90 4.10

2.65 2.85 3.05

Date of change New Rate Date of change New Rate

2007 Jul 25

2007 May 23 Under £500 £500-£4,999

Under £500 £500-£4,999 3.95 4.00

3.7 3.75 £5,000--£9,999 £10,000-£24,999 £25,000-£49,999_

£5,000--£9,999 £10,000-24,999 £25,000-£49,999 4.1 4.3 4.5

3.85 4.05 4.25

7.1J Selected retail banks: interest rates (13.10)

Per cent per annum

Base rates Base rates Base rates

Date of change New rate Date of change New rate Date of change New rate

1985 Jan 11 10.50 Jul 5 10.00

Jan 14¹ 12.00 Jul 18 10.00-10.50 1998 Jun 4 7.50

Jan 28 14.00 Jul 19 10.50 Oct 8 7.25

Mar 20 13.50-14.00 Aug 8 10.50-11.00 Nov 5 6.75

Mar 21 13.50 Aug 9 11.00 Dec 10 6.25

Mar 29 13.00-13.50 Aug 25 11.00-12.00

Apr 3 13.00-13.25 Aug 26 12.00 1999 Jan 7 6.00

Apr 12 12.75-13.00 Nov 25 13.00 Feb 4 5.50

Apr 19 12.50-12.75 Apr 8 5.25

Jun 12 12.50 1989 May 24 14.00 Jun 10 5.00

Jul 15 12.00-12.50 Oct 5 15.00 Sep 8 5-5.25

Jul 16 12.00 Sep 10 5.25

Jul 29 11.50-12.00 1990 Oct 8 14.00 Nov 4 5.50

Jul 30 11.50

1991 Feb 13 13.50 2000 Jan 13 5.75

1986 Jan 9 12.50 Feb 27 13.00 Feb 10 6.00

Mar 19 11.50 Mar 22 12.50

Apr 8 11.00-11.50 Apr 12 12.00 2001 Feb 8 5.75

Apr 9 11.00 May 24 11.50 Apr 5 5.5

Apr 21 10.50 Jul 12 11.00 May 10 5.25

May 23 10.00-10.50 Sep 4 10.50 Aug 2 5.00

May 27 10.00 Sep 18 4.75

Oct 14 10.00-11.00 1992 May 5 10.00 Oct 4 4.50

Oct 15 11.00 Sep 16¹ 12.00 Nov 8 4.0

Sep 17¹ 10.00-12.00

1987 Mar 10 10.50 Sep 18 10.00 2003 Feb 6 3.75

Mar 18 10.00-10.50 Sep 22 9.00 Jul 10 3.5

Mar 19 10.00 Oct 16 8.00-9.00 Nov 6 3.75

Apr 28 9.50-10.00 Oct 19 8.00

Apr 29 9.50 Nov 13 7.00 2004 Feb 5 4.0

May 11 9.00 May 6 4.25

Aug 6 9.00-10.00 1993 Jan 26 6.00 Jun 10 4.5

Aug 7 10.00 Nov 23 5.50 Aug 5 4.75

Oct 23 9.50-10.00

Oct 29 9.50 1994 Feb 8 5.25 2005 Aug 4 4.5

Nov 4 9.00-9.50 Sep 12 5.75

Nov 5 9.00 Dec 7 6.25 2006 Aug 3 4.75

Dec 4 8.50 Nov 9 5.0

1995 Feb 2¹ 6.25-6.75

1988 Feb 2 9.00 Feb 3 6.75 2007 Jan 11 5.25

Mar 17 8.50-9.00 Dec 13 6.50 May 10 5.5

Mar 18 8.50 Jul 5 5.75

Apr 11 8.00 1996 Jan 18 6.25 Dec 6 5.5

May 17 7.50-8.00 Mar 8 6.00

May 18 7.50 Jun 6 5.75 2008 Feb 7 5.25

Jun 2 7.50-8.00 Oct 30 5.75-6.00 Apr 10 5.0

Jun 3 8.00 Oct 31 6.00 Oct 8 4.5

Jun 6 8.00-8.50 Nov 7 3.0

Jun 7 8.50 1997 May 6 6.25 Dec 4 2.0

Jun 22 8.50-9.00 Jun 6 6.25-6.50

Jun 23 9.00 Jun 9 6.50 2009 Jan 8 1.5

Jun 28 9.00-9.50 Jul 10 6.75 Feb 5 1.0

Jun 29 9.50 Aug 7 7.00 Mar 5 0.5

Jul 4 9.50-10.00 Nov 6 7.25

7.1K Finance House base rate (13.11)

Per cent per annum Date of change New rate Date of change New rate Date of change New rate

1982 Jan 1 15.5 Mar 1 7.0

Mar 1 15.0 1987 Jan 1 11.5 Apr 1 6.5

Apr 1 14.5 Mar 1 11.0 Jul 1 6.0

May 1 14.0 Apr 1 10.5

Jul 1 13.5 May 1 10.0 1994 Jan 1 5.5

Aug 1 13.0 Jun 1 9.5 Oct 1 6.0

Sep 1 12.0 Jul 1 9.0 Dec 1 6.5

Oct 1 11.5 Aug 1 9.5

Nov 1 10.5 Sep 1 10.0 1995 Feb 1 7.0

Dec 1 10.0 Oct 1 10.5

Dec 1 9.5 1996 Feb 1 6.5

1983 Jan 1 10.5 July 1 6.0

Feb 1 11.0 1988 Jan 1 9.0 Dec 1 6.5

Mar 1 11.5 Mar 1 9.5

May 1 11.0 May 1 9.0 1997 Jun 1 7.0

Jun 1 10.5 Jun 1 8.5 Sep 1 7.5

Jul 1 10.0 Aug 1 10.0

Dec 1 9.5 Sep 1 11.0 1998 Jan 2 8.0

Oct 1 12.0 Nov 2 7.5

1984 May 1 9.0 Nov 1 12.5

Jun 1 9.5 1999 Jan 4 7.0

Aug 1 10.5 1989 Jan 1 13.0 Feb 1 6.5

Sep 1 11.5 Feb 1 13.5 Mar 1 6.0

Oct 1 11.0 Jul 1 14.0 Apr 1 5.5

Dec 1 10.5 Aug 1 14.5 Nov 1 6.0

Sep 1 14.0

1985 Jan 1 10.0 Nov 1 15.0 2000 Feb 1 6.5

Feb 1 10.5 Dec 1 15.5

Mar 1 12.5 2001 Feb 1 6.0

Apr 1 14.0 1990 Aug 1 15.0 May 1 5.5

May 1 13.5 Dec 1 14.0 Oct 1 5.0

Jun 1 13.0 Dec 1 4.5

Aug 1 12.5 1991 Apr 1 13.0

Sep 1 12.0 May 1 12.5 2002 Oct 1 4.0

Jun 1 12.0

1986 Jan 1 12.0 Jul 1 11.5 2003 Sep 1 3.5

Feb 1 12.5 Sep 1 11.0

Mar 1 13.0 Nov 1 10.5

Apr 1 12.5 Dec 1 11.0 2004 Jan 1 4.0

May 1 11.5 Feb 1 4.5

Jun 1 10.5 1992 Jun 1 10.5 Jul 1 5.0

Jul 1 10.0 Dec 1 8.0

Nov 1 11.0

Dec 1 11.5 1993 Jan 1 7.5

On 2nd Januar y 1992 the Finance Houses Association (FHA) merged with the Equipment Leasing Association to for m the Finance & Leasing Associa- tion (FLA).

Source: Finance & Leasing Association

Date of change New rate Date of change New rate Date of change New rate

2006 Nov 1 5.5 Mar 1 2.5

2008 Mar 1 6.0 Apr 1 2.0

2007 Apr 1 6.0 Nov 1 6.5 Jun 1 1.5

Sep 1 6.5 Dec 1 5.5 Sep 1 1.0

Oct 1 7.0 2009 Jan 1 4.0

Nov 1 6.5 Feb 1 3.0

On 2nd Januar y 1992 the Finance Houses Association (FHA) merged with the Equipment Leasing Association to for m the Finance & Leasing Associa- tion (FLA).

Source: Finance & Leasing Association

7.1L Average quoted Household interest rates

End of month observation: Secured lending mortgage rates banks & building societies

Fixed Discounted

2 Year (75% LTV) 3 Year (75% LTV) 5 Year (75% LTV) 10 Year (75% LTV) 2 Year (75% LTV) BTR SVR

BV34 BV37 BV42 BV45 BV48 BV24 AJVT

2007 Jul 6.07 6.21 6.33 6.22 5.66 6.22 7.44

Aug 6.11 6.50 6.28 6.24 5.68 6.32 7.69

Sep 6.05 6.47 6.19 6.00 5.70 6.24 7.74

Oct 6.11 6.42 6.23 5.98 5.81 6.31 7.74

Nov 6.09 6.10 6.02 5.93 5.90 6.39 7.72

Dec 6.06 6.22 5.97 5.93 5.75 6.20 7.68

2008 Jan 5.97 6.02 5.91 5.96 5.93 6.24 7.51

Feb 5.74 5.81 5.68 5.70 5.73 5.98 7.50

Mar 5.80 5.69 5.70 5.77 5.90 6.04 7.24

Apr 6.06 5.67 5.85 5.77 6.13 5.99 7.23

May 6.26 6.13 6.11 6.18 6.20 6.17 6.95

Jun 6.60 6.39 6.40 6.46 6.04 6.31 6.92

Jul 6.35 6.39 6.37 6.44 5.97 6.26 6.92

Aug 6.08 6.06 6.09 6.24 5.96 6.20 6.93

Sep 5.96 5.86 5.84 6.04 5.95 6.12 6.95

Oct 5.82 5.94 5.88 6.20 5.98 7.04 6.91

Nov 5.10 5.46 5.47 5.85 5.08 5.78 6.34

Dec 4.77 5.10 5.28 5.71 4.60 4.92 5.38

2009 Jan 4.35 4.75 4.94 5.47 4.08 4.51 4.73

Feb 4.35 4.56 4.97 5.55 4.07 4.30 4.38

Mar 3.98 4.41 4.95 5.64 3.63 4.01 4.06

Apr 4.02 4.30 4.87 5.63 3.59 3.85 3.82

May 3.98 4.29 4.93 5.64 3.54 3.99 3.84

Jun 4.45 4.86 5.54 6.26 3.45 3.81 3.95

Jul 4.42 4.67 5.68 6.27 3.40 3.84 4.11

Source: Bank of England

End of month observation:Unsecured lending rates Deposit rates banks and building societies

Personal loan Instant access

account unrestricted

£10,000 Credit card Overdraft withdraw al Notice accounts Cash ISA

I4YS I4YR I4YT THAK WTTA I4YU

2007 Jul 7.42 15.22 17.73 2.52 3.85 5.13

Aug 7.46 15.22 17.81 2.82 4.06 5.34

Sep 7.49 14.99 17.73 2.85 4.07 5.33

Oct 7.85 15.26 17.84 2.86 4.08 5.32

Nov 7.96 15.25 17.82 2.83 4.06 5.34

Dec 7.88 15.11 17.76 2.78 3.98 5.29

2008 Jan 7.86 14.80 17.50 2.77 3.70 5.06

Feb 7.71 14.72 17.58 2.69 3.69 5.06

Mar 7.93 14.75 17.57 2.47 3.42 4.81

Apr 8.60 15.26 17.54 2.42 3.30 4.81

May 8.54 15.49 17.40 2.19 2.99 4.56

Jun 8.53 15.66 17.91 2.26 3.07 4.56

Jul 8.64 15.66 17.91 2.24 3.14 4.56

Aug 9.24 15.64 17.91 2.31 3.17 4.54

Sep 9.57 15.64 18.04 2.46 3.24 4.49

Oct 9.16 15.58 18.04 2.39 3.03 4.36

Nov 9.30 15.59 18.05 1.68 2.30 3.83

Dec 9.30 15.58 18.04 0.49 0.90 2.10

2009 Jan 9.14 16.09 18.02 0.21 0.36 1.38

Feb 9.14 15.72 18.63 0.16 0.17 0.96

Mar 9.46 15.73 18.63 0.19 0.17 0.63

Apr 9.40 15.72 18.62 0.16 0.22 0.42

May 9.45 15.87^† 18.61 0.16 0.23 0.41

Jun 10.32 15.87 18.97 0.16 0.23 0.42

Jul 10.39 15.86 18.97 0.15 0.24 0.42

Quoted interest rates are calculated by weighting together individual rates adver tised by banks and building societies for lending and deposit products.

For more infor mation see: www.bankofengland.co.uk /mfsd/iadb/notesi- adb/household_int.htm

Source: Bank of England

7.1M Local authorities interest rates: Public Works Loan Board

Interest rates for fixed rate loans

Per cent per annum Over 1 1/2 Over 4 1/2 Over 9 1/2 Over 14 1/2 Over 19 1/2 Over 24 1/2 Over 29 1/2 Over 34 1/2 Over 39 1/2 Over 44 1/2 Over 49 1/2 years but years but years but years but years but years but years but years but years but years but years but not over 2 not over 5 not over 10 not over 15 not over 20 not over 25 not over 30 not over 35 not over 40 not over 45 not over 50

Repayable by equal half-yearly instalments (Annuity)

Apr il 7 1.29 2.09 2.9 3.36 3.77 4.11 4.32 4.43 4.49 4.51 4.56 Apr il 14 1.16 1.98 2.78 3.23 3.64 4.0 4.24 4.37 4.44 4.48 4.53 Apr il 21 1.2 1.97 2.72 3.14 3.56 3.94 4.2 4.35 4.44 4.5 4.56 Apr il 28 1.06 1.91 2.83 3.4 3.84 4.17 4.36 4.44 4.47 4.47 4.49 May 5 1.00 1.85 2.81 3.43 3.9 4.23 4.42 4.5 4.53 4.53 4.56 May 12 1.06 1.94 2.92 3.53 3.99 4.29 4.45 4.53 4.57 4.59 4.62 May 19 0.98 1.84 2.78 3.36 3.81 4.13 4.33 4.43 4.49 4.53 4.57 May 26 1.01 1.88 2.89 3.56 4.06 4.39 4.57 4.67 4.73 4.76 4.79 June 2 1.12 1.99 3.00 3.64 4.1 4.4 4.57 4.67 4.72 4.76 4.81 June 9 1.37 2.28 3.19 3.7 4.09 4.35 4.5 4.58 4.62 4.64 4.68 June 16 1.27 2.22 3.14 3.66 4.09 4.4 4.59 4.69 4.73 4.74 4.76 June 23 1.19 2.1 3.00 3.51 3.95 4.27 4.47 4.57 4.61 4.62 4.63 June 30 1.22 2.13 3.03 3.48 3.85 4.15 4.34 4.44 4.47 4.48 4.5 July 7 1.19 2.12 3.04 3.51 3.82 4.07 4.25 4.38 4.46 4.5 4.53 July 14 1.07 2.01 3.03 3.55 3.87 4.08 4.24 4.34 4.4 4.43 4.45 July 21 1.23 2.19 3.2 3.71 4.02 4.24 4.4 4.52 4.59 4.63 4.64 July 28 1.33 2.33 3.36 3.85 4.17 4.39 4.55 4.65 4.72 4.74 4.75 August 4 1.28 2.3 3.33 3.85 4.21 4.48 4.65 4.72 4.74 4.73 4.74 August 11 1.19 2.2 3.25 3.78 4.09 4.27 4.36 4.41 4.42 4.42 4.44 August 18 1.0 1.96 3.03 3.58 3.9 4.06 4.15 4.2 4.23 4.24 4.27 August 25 0.99 1.9 2.96 3.57 3.92 4.09 4.17 4.22 4.26 4.28 4.31 Repayable by equal half-yearly instalments of principal and interest on the balance (EIP)

Apr il 7 1.29 2.07 2.85 3.28 3.62 3.92 4.14 4.3 4.39 4.45 4.48 Apr il 14 1.16 1.97 2.74 3.15 3.49 3.8 4.05 4.21 4.32 4.39 4.43 Apr il 21 1.19 1.96 2.68 3.07 3.41 3.73 3.99 4.17 4.3 4.38 4.43 Apr il 28 1.06 1.89 2.78 3.29 3.68 3.98 4.2 4.34 4.41 4.45 4.47 May 5 1.00 1.83 2.75 3.32 3.73 4.04 4.26 4.4 4.47 4.51 4.53 May 12 1.06 1.92 2.85 3.42 3.83 4.12 4.31 4.43 4.5 4.54 4.56 May 19 0.98 1.82 2.73 3.25 3.65 3.95 4.16 4.3 4.39 4.45 4.49 May 26 1.00 1.86 2.83 3.44 3.88 4.2 4.41 4.54 4.63 4.68 4.72 June 2 1.11 1.97 2.93 3.51 3.94 4.23 4.43 4.55 4.62 4.68 4.71 June 9 1.37 2.26 3.13 3.6 3.94 4.2 4.37 4.48 4.55 4.59 4.62 June 16 1.27 2.2 3.08 3.56 3.93 4.22 4.43 4.56 4.65 4.69 4.72 June 23 1.19 2.08 2.95 3.41 3.79 4.08 4.3 4.44 4.53 4.58 4.61 June 30 1.22 2.11 2.98 3.4 3.71 3.98 4.18 4.32 4.4 4.45 4.47 July 7 1.12 1.99 3.00 3.64 4.1 4.4 4.57 4.67 4.72 4.76 4.81 July 14 1.12 1.99 3.00 3.64 4.1 4.4 4.57 4.67 4.72 4.76 4.81 July 21 1.12 1.99 3.00 3.64 4.1 4.4 4.57 4.67 4.72 4.76 4.81 July 28 1.12 1.99 3.00 3.64 4.1 4.4 4.57 4.67 4.72 4.76 4.81 August 4 1.28 2.27 3.26 3.75 4.07 4.31 4.49 4.62 4.69 4.73 4.74 August 11 1.19 2.17 3.18 3.69 3.98 4.17 4.28 4.35 4.39 4.41 4.42 August 18 0.99 1.94 2.96 3.49 3.79 3.97 4.08 4.14 4.18 4.21 4.23 August 25 0.99 1.88 2.89 3.46 3.81 4.0 4.1 4.16 4.2 4.23 4.26 Principal repayable at maturity

Apr il 7 1.72 2.8 3.59 4.13 4.39 4.48 4.51 4.56 4.6 4.62 4.63 Apr il 14 1.6 2.69 3.46 4.03 4.31 4.43 4.48 4.54 4.58 4.6 4.61 Apr il 21 1.61 2.63 3.38 3.97 4.29 4.43 4.5 4.56 4.6 4.62 4.63 Apr il 28 1.51 2.71 3.65 4.18 4.41 4.47 4.47 4.48 4.5 4.5 4.5 May 5 1.44 2.68 3.7 4.24 4.47 4.53 4.53 4.55 4.57 4.58 4.58 May 12 1.52 2.78 3.79 4.3 4.49 4.56 4.59 4.62 4.65 4.65 4.65 May 19 1.43 2.66 3.61 4.15 4.38 4.48 4.53 4.57 4.6 4.6 4.6 May 26 1.46 2.75 3.84 4.39 4.62 4.71 4.76 4.8 4.82 4.82 4.82 June 2 1.57 2.86 3.9 4.41 4.62 4.71 4.76 4.81 4.84 4.85 4.85 June 9 1.86 3.08 3.91 4.36 4.54 4.61 4.65 4.68 4.7 4.7 4.7 June 16 1.78 3.02 3.89 4.41 4.64 4.72 4.74 4.76 4.76 4.75 4.74 June 23 1.68 2.89 3.75 4.28 4.53 4.61 4.62 4.63 4.62 4.6 4.58 June 30 1.71 2.92 3.68 4.16 4.39 4.47 4.48 4.49 4.5 4.49 4.48 July 7 1.69 2.98 3.79 4.24 4.45 4.53 4.54 4.56 4.57 4.57 4.57 July 14 1.57 2.96 3.84 4.22 4.39 4.44 4.45 4.46 4.48 4.48 4.49 July 21 1.74 3.13 3.99 4.39 4.58 4.64 4.65 4.66 4.67 4.66 4.66 July 28 1.87 3.29 4.14 4.53 4.71 4.75 4.72 4.71 4.7 4.68 4.67 August 4 1.82 3.19 4.04 4.48 4.69 4.74 4.73 4.73 4.73 4.72 4.71 August 11 1.72 3.11 3.96 4.27 4.39 4.42 4.42 4.43 4.43 4.41 4.4 August 18 1.5 2.89 3.77 4.07 4.18 4.23 4.24 4.26 4.25 4.23 4.2 August 25 1.46 2.81 3.78 4.1 4.2 4.25 4.28 4.31 4.31 4.29 4.26 Source: HM Treasur y