Business

Governor Andrew Bailey described it as a ‘finely balanced decision’ after MPC members were forced to hold a second vote.

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

The cut came after the Bank’s rate-setting committee was forced to take a second vote for the first time in its history.

Read said: “It has been a challenging first half given pressures on client spending and a slower new business environment. We have, however, made significant progress on the repositioning of…

The FTSE 100 index closed up 21.58 points, 0.2%, at 9,164.31.

Lines with the warning ‘Mind the Grab’, inspired by London Underground’s ‘Mind the Gap’ catchphrase, aim to raise awareness among pedestrians.

Henry Parkes, principal economist and head of quantitative research at IPPR, said: “The gambling industry is highly profitable, yet is exempt from paying VAT and often pays no corporation tax,…

The My Lost Account service received over 75,000 visits on Tuesday, according to figures from UK Finance.

The Prime Minister said Chancellor Rachel Reeves’ upcoming budget will ‘build on what we’ve done’ by focusing on ‘living standards’.

The Chancellor has set herself two fiscal rules – the “stability rule”, which ensures that day-to-day spending is matched by tax revenues so the Government only borrows to invest, and…