The Monetary Policy Committee voted five-four to lower rates from 5.25% to 5%, with Governor Andrew Bailey saying inflationary pressures "have eased enough".
Shadow Chancellor Jeremy Hunt said the decision "will be welcome news for millions of homeowners" and "shows that Labour inherited a stronger economy which was on the right track".
He said: "In government, we took difficult decisions that cut inflation from 11.1% to the Bank's target 2%, paving the way for lower rates.
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Denne historien er fra August 02, 2024-utgaven av Daily Express.
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HOT TO THE TUCH
Thomas has so much talent at his disposal
Southgate showed me how to be smiles better
LAUGHS AND INSIDE JOKES BRING CUP TEAM TOGETHER
Buttler calling for the big two
ONE-DAY HOPES FOR STOKES AND ROOT
Aaron's determined to turn jeers into cheers
AARON WAINWRIGHT fully understands fed-up Wales fans have started voicing their grievances at the long and sorry plight of their side.
SKELTON HAS GREY-T EXPECTATIONS
DAN SKELTON has claimed Betfair Chase favourite Grey Dawning is \"as good as any staying chaser we've had at this stage of their life\".
Billionaire family fight for £21m Idol's Eye gem
A £21MILLION diamond known as the Idol's Eye is being fought over in London by Qatari royals.
Oakes brings fight for trees to No 10
ACTOR David Oakes joins campaigners in Downing Street to deliver a 100,000-name petition calling for historic trees to be protected by law.
Non, je ne regrette rien composer dies aged 95
THE French composer behind Edith Piaf's biggest hit died yesterday at the age of 95.
Davina out of intensive care after brain surgery
TV host Davina McCall has made an \"enormous leap forward\" in treatment for a brain tumour, her partner revealed yesterday.
Owner admits killer XL bully was out of control
A MAN whose XL bully mauled his neighbour to death yesterday pleaded guilty to owning an out-of-control dog.
