Posted in News Interest rates are FINALLY cut from 5.25% to 5% as the Bank of England gives struggling Brits respite – despite fears Labour’s public sector pay splurge could have dashed hopes August 1, 2024 The Monetary Policy Committee reduced the cost of borrowing to 5 per cent from the 16-year-high of 5.25 per cent – where it has been since last August. https://www.dailymail.co.uk/news/article-13697659/Interest-rates-mortgages-borrowing-Bank-England-Labour-public-sector-pay.html?ns_mchannel=rss&ns_campaign=1490&ito=1490