Bank of England cuts interest rates to 4.5% but UK growth downgraded - Bank MPC votes to cut borrowing costs but also slashes short-term growth forecasts for economy in blow to Rachel Reeves ...

Interest rates have fallen for a third consecutive time after the Bank of England decided the economy was healthy enough for ...

Chancellor Rachel Reeves has said she is “not satisfied” with the UK’s growth rate after the Bank of England downgraded the economy’s short-term prospects.

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.