The Monetary Policy Committee of the Bank of England has voted to cut rates to 5% in a hotly anticipated decision. The markets had it at 65% that rates would go down…

It was a 7-2 split last time to hold at 5.25%. Now it’s 5-4 to cut. Sitting since August last year, they’ll come down from their highest level since 2008 after 14 consecutive hikes. Starmer’s genie strikes again…