cost of living crisis

UK interest rates fall to 4.25% as Bank of England announces a quarter-point cut

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The widely expected cut by the MPC, its fourth cut since last August, should lead to cheaper mortgages for homeowners. Photograph: Maureen McLean/Rex/Shutterstock

Bank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the UK economy against the impact of rising economic uncertainty.  Read More

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