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The Bank of England finally cut interest rates last week in what was described as a very delicate decision.
So does the 5-4 vote to cut the base rate put us firmly on the path down, or does it mean we’ll have to wait some time for the next cut?
How far and how fast will interest rates fall and what does this mean for you, your savings and your mortgage? In this podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss what could happen next and what it means for you.
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The rate decision came as new Chancellor of the Exchequer Rachel Reeves reportedly uncovered a £22bn black hole in UK finances.
She claims the Tories covered it up, Jeremy Hunt says that’s not true.
Whoever is right, Reeves appears to be paving the way for tax increases and spending cuts, including the controversial measure to remove winter fuel payments for most retirees.
Was that the right decision? Are they about to raise taxes? The team is looking at that and whether a raid on pension tax relief could be carried out.
And finally, house prices are up again – is this good news or the last thing we need?
After soaring from historic lows, the base interest rate has finally been cut by the Bank of England.
This is the Money podcast
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