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:
Island warned to expect heavy rain this afternoon
Yellow weather warning is now in force
Jurby landowner working with planning and Bus Vannin on future shelter provision
Resident's proposal to convert shelter into storage approved
'We wouldn’t have it any other way’
Support your child's dreams say biker mums
Ramsey Tesco to 'open as normal' following incident
Officers confirm 'all enquiries relating to the area are now complete'