Here’s Another One. But It’ll Be All Right. Honestly.

This BBC story suggests that NatWest will shortly have to start charging businesses interest to hold their money due to low interest rates.

That’s the opposite way round to how it normally works. And why is this possibly going to happen?

Mark Carney has said it is likely “some monetary policy easing” will be required to boost the UK economy in response to the Brexit vote.

If the interest rate goes to or below zero – which some experts believe will happen later this year – then interest payments switch over, and the banks charge people to hold their money instead of paying for it.

Don’t worry, though. Everything will be all right. The Brexiters say so.