Bank of England cuts interest rate as it happened: Base rate falls to 4.5%; economic growth forecast also reduced
The Bank of England has halved its 2025 growth forecast and cut interest rates by a quarter-point to 4.5%. In a blow to UK chancellor Rachel Reeves, the BoE said it now expected the economy to grow by 0.75 per cent this year, half its November forecast of 1.5 per cent.
The interest rate cut is a step in the right direction, but small businesses are facing so many pressures that they will ...
Mr Farrell is yet to meet with his US counterpart who has not been confirmed in the role, but Australian officials have been ...
Rachel Springall, finance expert at Moneyfactscompare.co.uk, said savers who were “enchanted” by Chase’s guaranteed bonus of ...
The central bank has lowered the base rate from 4.75% to 4.5% and it means the HMRC late payment interest is set to change ...
HMRC will reduce the interest it charges on late tax payments after the Bank of England cut the base rate from 4.75 per cent ...
Britain's jobs market showed further signs of cooling at the start of the year as demand for staff fell by the most since mid ...
Lloyds, NatWest and Barclays made £30 billion between them last year by exploiting the gap between the rates for savers and ...
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