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:
Further delay to TT schedule due to 'non-racing operational matter'
Clerk of the Course confirms change to proceedings
Crash which closed the Mountain Road ahead of racing 'not too serious'
Police give update after incident at Brandywell delays TT schedule
Fine for pair who brought drugs to Island in campervan toilet
"I'm sure this is a wonderful TT for you all but rules are rules"
TT campers in 'high spirits' despite rain affecting race week
'Costa del Ballaugh' one week, mud the next
Delay to TT schedule following Mountain Road crash
Clerk of the Course confirms one-hour delay
