Rate cut can lift mood but Bank’s forecasts are unambiguously bleak - short news
Weak jobs market and above-target inflation will dent Reeves’s growth plans and may wipe out fiscal headroom
Bank cuts rates to 4.5% and halves UK growth forecastWhat does the rate cut mean for mortgages and savings?Keir Starmer said Thursday’s quarter-point rate cut from the Bank of England would be welcomed by many voters who would see “more money in their pockets”. The prime minister is right, at least when it comes to borrowers on floating-rate mortgages, and Labour will..
source: The Guardian - 06.02.2025