The Bank of England finally cut interest rates last week, in what was dubbed a knife-edge decision.
So, does the 5 to 4 vote to lower base rate put us firmly in the way down or mean that we may have to wait some time for the next cut?
How far and fast will interest rates fall and what does it mean for you, your savings and your mortgage? On this podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss what could happen next and what it means for you.
The rates decision came against the backdrop of new Chancellor Rachel Reeves supposedly discovery a £22billion black hole in the UK’s finances.
She claims the Tories covered it up, Jeremy Hunt says that’s not true.
Whoever is right, Reeves seems to be paving the way for tax rises and cutting spending – including the controversial move to pull winter fuel payments from most pensioners.
Was that the right move and are taxes about to go up, the team look at that and whether a raid could be staged on pension tax relief.
And finally, house prices are back on the up – is that good news or the last thing we need?
After rocketing from its record lows, the base rate has finally been cut by the Bank of England
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