With input from British Chambers of Commerce team, UK Finance has put together an introductory guide to help businesses with the transition away from the London Interbank Offered Rate (LIBOR).
The LIBOR benchmark that lenders use to calculate the interest rate for financial products will end after 2021 and move to a safer more transparent benchmark rate. LIBOR is the most common interest rate benchmark in the UK and this will impact a significant proportion of British businesses.
Take a look at the guide here.