UK interest rate cut: what does it mean for mortgages and savings?

The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for youUK interest rates fall to 4.25%Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – latest updatesThe Bank of England has cut interest rates from 4.5% to 4.25%. It follows two interest rate cuts in the second half of last year, and another one in February this year. Continue reading...

May 8, 2025 - 15:26
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UK interest rate cut: what does it mean for mortgages and savings?

The Bank of England has voted to cut the cost of borrowing, reducing the base rate to 4.25%. Here’s what it means for you

The Bank of England has cut interest rates from 4.5% to 4.25%. It follows two interest rate cuts in the second half of last year, and another one in February this year. Continue reading...