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:
Next only prepared to pay a third of rent amid lease renewal talks, says landlord
Retailer to leave Strand Street in the summer
Next confirms departure from Island
Retail giant says the terms to renew its lease were not 'commercially acceptable'
Focus on autism acceptance continues year-round
Lots of simple things that the community can do to help support autistic people
UK Government approves sale of Manx Telecom
Chancellor of Duchy of Lancaster clears JT and CVC takeover of telecoms provider
Tynwald to debate how to fund future long-term care
Nursing, Residential and Home Care Report to go to politicians