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:
No increase in domestic gas prices for rest of 2026
CURA carries out interim review into tariffs
Law targeting sale of nicotine pouches takes step further
Nicotine Products Bill 2026 passes through Keys while LegCo asks for more time
Procurement process for Kirk Onchan Post Office continuing
And question mark over future of services in PSM
Bus station will not be moved to the Sea Terminal
DoI favours a £735,000 'combined package' of facilities elsewhere instead
Forum explores what domestic abuse looks like on the Isle of Man
One in four will live with it at some point in their lives