The cost of borrowing has reached its lowest level since early 2023
The Bank of England's cut the base rate of interest to its lowest level in almost three years.
The Monetary Policy Committee voted to reduce it from four to 3.75 percent.
It had been widely expected - particularly given a sharp drop in UK consumer inflation yesterday.
Treasury Minister Alex Allinson says it's good news:
Warning for 'disorderly' parents attending schools
Police tell people to follow 'appropriate channels' with concerns
Yellow weather warning for gale force winds
Travel disruption likely
New board members sought for abattoir
Recruitment now open
Controversial local authority legislation debate deferred to end of March
Clause five could see functions imposed on authorities without financial support