The Monetary Policy Committee of the Bank of England has cut interest rates to 4.5%. The third cut since last Summer…
Last month they were held at 4.75% following a cut from 5%. The markets had it at almost complete certainty that a cut was inbound…
The MPC voted 7-2 for a cut. Two members voted for half a point cut…
Speaking to Sky News off the back of Rachel Reeves’ Air Passenger Duty hike, Ryanair chief executive Michael O’Leary said:
“Labour is dependent on those Red Wall seats, and yet every move she makes poisons economic growth and damages the UK’s recovery… it’s the Chancellor who stumbles from policy misstep to policy misstep… I think her policy decisions are incredibly stupid.”