The Bank of England has delivered another rate cut but big questions remain over what happens next?
Forecasters had largely agreed that this year would see another two base rate cuts, but the Bank delivered a pair of verdicts that could push ratesetters down a different path.
Firstly, it slashed its growth forecast for 2025 from 1.5 per cent to just 0.75 per cent. Secondly, it said inflation would rise well above target to 3.7 per cent.
So what does this mean for the UK economy, interest rates, mortgage rates and savings rates?
On this podcast episode, Georgie Frost, Simon Lambert and Helen Crane discuss the impact of the rate cut and the Bank of England’s forecasts.
Another major issue for investors and the UK is Donald Trump’s trade war, Simon explains how this will affect markets and where the winners and losers are likely to be.
On the investing theme, the team also look at the lessons we can learn from the Covid crash and rebound, five years on from when the pandemic first started to hit.
Plus, the mortgage trick that could clear your loan early… but would your lender let you do it?
And finally, has Nectar finally come up with something to stop points being stolen?
