The cost of borrowing has reached its lowest level since early 2023
The Bank of England's cut the base rate of interest to its lowest level in almost three years.
The Monetary Policy Committee voted to reduce it from four to 3.75 percent.
It had been widely expected - particularly given a sharp drop in UK consumer inflation yesterday.
Treasury Minister Alex Allinson says it's good news:
'Unnecessary' delays left electricity customer in limbo
Manx Utilities classifies all pensioners as vulnerable people
Drone users reminded not to fly devices during Classic TT and Manx Grand Prix course closures
Those breaching restriction could face prosecution and a fine of up to £10,000
'The Island needs to be able to compete' against other destinations
FOI revealed the Island spent more than £170,000 on influencers
Public urged to consult on capacity
Views wanted on new code of practice