Interest rates are cut
The Bank of England has cut interest rates for the first time in two years today


The Bank of England has cut interest rates to 5.5% from 5.75%. This is the first time interest rates have been cut in 2 years. Interest rates have risen five times since the middle of last year, but the Bank had kept rates on hold since July. The Bank has been keen to keep price growth under control, and many analysts had predicted that they would want to see oil and food cost pressures abate before moving to lower interest rates. However, reports from Nationwide and Halifax this week have shown falling house prices and a slump in consumer confidence.
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
-
Sophia Money-Coutts: Is it ever okay to throw your dog a birthday party?
Sir Lewis Hamilton did it, so why not throw a birthday party for your canine companion, Sophia Money-Coutts asks.
-
A 500-acre estate that spent 11 centuries in the same family, for sale for only the second time in its history
In the beautiful hills of north Wales the Garthewin estate has come up for sale, including a great country house once restored by the architect who created Portmeirion. Penny Churchill takes a closer look.