The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that...
The future of the UK economy is weaker and more uncertain due to President Trump's tariffs and conflict in the Middle East, the Bank of England has said. Sky News
Thursday, 1 August 2024
