The cost of borrowing has reached its lowest level since early 2023
The Bank of England's cut the base rate of interest to its lowest level in almost three years.
The Monetary Policy Committee voted to reduce it from four to 3.75 percent.
It had been widely expected - particularly given a sharp drop in UK consumer inflation yesterday.
Treasury Minister Alex Allinson says it's good news:
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16 people arrested since start of annual campaign
Ramsey Commissioners to spend more than £8k on deckchairs and storage unit
The local authority is hoping to cover the cost with a government grant
How to spot the signs of domestic and elder abuse this Christmas
Pressures of season can increase risk of harm to those in abusive situations
Police appeal to parents after party of up to 50 young people 'becomes an issue'
Officers say despite all being 'young once too', party got out of hand
