Interest rate cut?7 Aug 2025 06:47
Financial markets predict an almost 100% chance of a quarter-point cut from 4.25%, the same as the last reduction in May.
Our hancellor, Rachel, will welcome the cut.
Clearly, Lanour can take credit for the reduction in base rate four times since August last year, as it has happened after Labour had worked to “restore stability to the economy”.
The reduction equates to £1000 less in annual mortgage payments, for the typical family.
Lads, we can stick with Labour safe in the knowledge that they'll get the country out of mess the tories the tories left us in!