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:
'Significant dredging works' in Douglas Harbour
Talks taking place over mitigation measures as sailing schedule disrupted
'Operational reasons' and tidal restrictions delay Heysham sailing schedule
Manxman's crossings held up overnight and throughout Good Friday
Coastguard team rescues two-year-old Jack Russell "Teddy"
Cliff technician winched down to collect him from Laxey cliffside
New child employment rules come into force
Tynwald approved them in December 2025