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:
Drug trafficker jailed for 12 years
Liam Dunne of Merseyside attempted to evade arrest
Teachers will be paid for snow day
An all-staff email from DESC had raised concerns for some members of staff
Minimum Wage: Details of business support to be unveiled in Tynwald
Businesses expected to be impacted by April's increase to the hourly rate
Man who strangled and abused ex-partner jailed
A man who admitted strangling his ex-partner has been jailed for more than two years