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Debt case type: Updating the Bank of England Base Rate - December 2025

Following the reduction of the Bank of England Base Rate on the 18th December 2025 to 3.75%, how do I update the interest rate in Proclaim?

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Written by Tim Barlow

If you use the DEBTDEBTORS case type in Proclaim then you can update the Bank of England base rate by following the steps below:

  1. Open Proclaim Desktop
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  2. Enter the case with the reference of BASERATECONTROL
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  3. Click UPDATE​
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  4. In the field Base Rate Effective From, enter 18/12/2025
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  5. In the field New Base Rate, enter 3.75
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  6. Click Create - Base Rate, then click Save


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Late Payment Interest Rate Changes​

As we have reached the final rate decision of the year, the routines which calculate the Late Payment Interest Rate will also need adjusting.

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