{"id":67147,"date":"2024-11-07T20:06:59","date_gmt":"2024-11-07T20:06:59","guid":{"rendered":"https:\/\/positivelysharing.org\/blog\/?p=67147"},"modified":"2024-11-07T20:06:59","modified_gmt":"2024-11-07T20:06:59","slug":"boost-for-brits-as-bank-of-england-trims-interest-rates-from-5-to-4-75-but-falls-now-set-to-be-gradual-after-labours-big-spending-budget","status":"publish","type":"post","link":"https:\/\/positivelysharing.org\/blog\/2024\/11\/07\/boost-for-brits-as-bank-of-england-trims-interest-rates-from-5-to-4-75-but-falls-now-set-to-be-gradual-after-labours-big-spending-budget\/","title":{"rendered":"Boost for Brits as Bank of England trims interest rates from 5% to 4.75%&#8230; but falls now set to be &#8216;gradual&#8217; after Labour&#8217;s big-spending Budget"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><h1><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-44396\" src=\"https:\/\/positivelysharing.org\/blog\/wp-content\/uploads\/2023\/04\/Bank-of-England-300x199.jpeg\" alt=\"\" width=\"300\" height=\"199\" srcset=\"https:\/\/positivelysharing.org\/blog\/wp-content\/uploads\/2023\/04\/Bank-of-England-300x199.jpeg 300w, https:\/\/positivelysharing.org\/blog\/wp-content\/uploads\/2023\/04\/Bank-of-England-360x239.jpeg 360w, https:\/\/positivelysharing.org\/blog\/wp-content\/uploads\/2023\/04\/Bank-of-England.jpeg 474w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/h1>\n<p>The\u00a0<span data-track-module=\"internal-body-link\"><a id=\"mol-90f34fd0-9b92-11ef-a488-6f63760a976c\" class=\"\" href=\"https:\/\/www.dailymail.co.uk\/news\/bank-of-england\/index.html\" target=\"_self\" rel=\"noopener\">Bank of England<\/a><\/span>\u00a0cut interest rates today &#8211; but Chancellor\u00a0<span data-track-module=\"internal-body-link\"><a id=\"mol-c2846ab0-9d05-11ef-9373-f732340f36ed\" href=\"https:\/\/www.dailymail.co.uk\/news\/rachel-reeves\/index.html\" target=\"_self\" rel=\"noopener\">Rachel Reeves<\/a><\/span>&#8216; big-spending\u00a0<span data-track-module=\"internal-body-link\"><a id=\"mol-90fe9a70-9b92-11ef-a488-6f63760a976c\" class=\"\" href=\"https:\/\/www.dailymail.co.uk\/news\/budget\/index.html\" target=\"_self\" rel=\"noopener\">Budget<\/a><\/span> could keep borrowing costs higher in future.\u00a0 <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-14053889\/Bank-England-interes-rates-mortgages-Labour-spending-Budget.html\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>The\u00a0Bank of England\u00a0cut interest rates today &#8211; but Chancellor\u00a0Rachel Reeves&#8216; big-spending\u00a0Budget could keep borrowing costs higher in future.\u00a0 Read More<\/p>\n","protected":false},"author":1,"featured_media":63024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200],"tags":[],"class_list":{"0":"post-67147","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cost-of-living-crisis"},"jetpack_featured_media_url":"https:\/\/positivelysharing.org\/blog\/wp-content\/uploads\/2024\/08\/interest-rate-cut.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/posts\/67147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/comments?post=67147"}],"version-history":[{"count":1,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/posts\/67147\/revisions"}],"predecessor-version":[{"id":67148,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/posts\/67147\/revisions\/67148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/media\/63024"}],"wp:attachment":[{"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/media?parent=67147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/categories?post=67147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/positivelysharing.org\/blog\/wp-json\/wp\/v2\/tags?post=67147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}