
Bank of England CUTS interest rates to 4.5% in bid to revive economy – as it HALVES growth prediction for this year after Labour’s disastrous Budget
The Bank of England cut interest rates today as it bids to revive the stalling economy and warned of mounting ‘uncertainty’ around the world. The Monetary Policy Committee voted by 7-2 to reduce the level from 4.75 per cent to 4.5 per cent. That is the lowest point in more than 18 months – giving mortgage-payers much-needed breathing…