bank of england

While a central rate cut from 4.75% to 4.5% brings relief to mortgage holders, the downgraded economic outlook is a major blow to Rachel Reeves.
The Bank is expecting to record "zero growth" in the last quarter of 2024.
This news from the Bank of England will be welcomed by borrowers.
Laura Trott was called out twice for her explanations around price changes this morning.
Jeremy Hunt claims the fall in inflation was proof the "plan is working".
The Bank of England just kept base rates at 5.25% for the fourth time in a row.
And what does it mean for the government's economic plans?
Andrew Bailey said the outlook was among the worst he had ever seen.
Inflation has dropped, but it's still far from where the Bank of England want it to be.
Apparently, it “wasn’t possible” and the prime minister “did it”. Many disagree.