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:
Former chief minister calls for balanced approach to climate change action
Howard Quayle says achieving net zero must not bankrupt the nation
Play 'just as important' for a child's development as technology
DESC says digital devices are just one part of a much broader learning experience
Manx passport applications moving online
Support will be available while those who can't use online service can still use paper forms
Enterprise minister 'recognises access to cash is important'
Case for measures to meet unmet need being kept under preview