In a closely watched decision, the Bank of England's Monetary Policy Committee (MPC) opted to reduce the UK's benchmark interest rate to 4.0%.
The decision was not unanimous, with a 5-4 vote split, reflecting ongoing debate among policymakers about balancing economic weakness against persistent inflation risks.
This is the fifth consecutive rate cut since last August, bringing the rate to its lowest level since early 2023.
The move is intended to stimulate the sluggish UK economy, but the MPC's minutes and accompanying report warned that food costs could still push inflation higher, potentially reaching 4%.
This rate cut is expected to impact mortgages and savings, with variable-rate mortgage holders potentially seeing their payments fall, while savers may face lower returns.
Experts caution that Premium Bonds winnings may lead to unexpected tax bills depending on how they’re used.
The latest data from UK Finance shows a rise in mortgage arrears and possessions in the second quarter of 2025, although lenders continue to offer support to struggling homeowners.
Timber and materials distributor James Latham has reported a rise in revenue, citing strong demand for timber products.
Fishing tackle and equipment retailer Angling Direct has reported a stronger-than-expected first-half trading performance, boosted by a solid UK performance.
UK inflation has unexpectedly accelerated to 3.8% in July, primarily driven by rising food, fuel, and airfare costs.
UK inflation has unexpectedly accelerated to 3.8% in July, primarily driven by rising food, fuel, and airfare costs.
The FTSE 100 index reached a new closing high, boosted by hopes of a resolution to the Russia-Ukraine conflict and strong performance from retailers.
Despite earlier predictions of a fall, UK households are now being warned that their energy bills are expected to rise from October.
London stocks rose on hopes that a diplomatic solution to the Russia-Ukraine war is on the horizon, boosting investor confidence.
A new survey reveals that tenants in England are spending an 'unaffordable' 36% of their income on rent, highlighting the country's severe housing affordability crisis.
The average asking price for a UK property has fallen by 1.3% in August, as sellers price their homes more competitively during a typical summer dip.
Construction giant Balfour Beatty has reported a lift in profits and is optimistic about a boost from its UK construction projects.
New data reveals a 'heartbreaking' trend with more than 200 pubs across the UK closing their doors in just the last six months, highlighting the severe challenges facing the hospitality sector.
Construction and infrastructure giant Balfour Beatty has reported a lift in its profits, citing a strong performance from its UK-based construction and infrastructure projects.
Annuity rates for pensions have climbed to their highest levels in years, making now a potentially opportune time for retirees to purchase a guaranteed income stream.
Homebuilder Persimmon has sold more homes but has warned that high mortgage costs are still a 'barrier' to buyers.
UK homebuilder Bellway has warned that its ability to meet housing demand is being hindered by 'frustrating' planning delays from local councils.
Britain's economy grew by 0.3% in the second quarter, a slowdown from the first quarter but better than anticipated by market analysts.
Chancellor Rachel Reeves has pledged to make boosting the UK's productivity a key focus of her upcoming Autumn Budget.
An explainer has been published on 'Pisces', a potential new UK stock market that could provide an alternative to the London Stock Exchange's main market.
Rate cuts by more than 20 banks following the BoE move risk pushing savings returns below inflation.
Major lenders reported modest monthly house price gains in July, consistent with a gradual, rate-driven recovery.
UK economy grew 0.3% in Q2 2025, beating expectations amid tariff and jobs headwinds.
The UK economy expanded by 0.3% in Q2 2025, outpacing expectations and easing recession fears.
Headline mortgage deals for first-time buyers and remortgagers fell further, with the cheapest fixes starting around 3.7–3.9%.
Surveyors reported improved buyer enquiries and stabilising prices in July, hinting that BoE easing is feeding through.
The Bank of England reduced rates by 25bp to 4.0%, with a closely divided MPC underscoring policy uncertainty.
A new report highlights that a significant number of UK exporters are suffering from the latest wave of tariffs imposed by the US.
BoE reduces rates as UK inflation spikes to 3.5%, signaling confidence in falling prices ahead.
UK house prices increased by 0.4% in July, a larger-than-expected rise, according to the latest data from mortgage lender Halifax.
