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UK interest rate cut may not be enough to improve voters’ dim view of the government | Heather Stewart

Bank’s move appears to go against the theory that rate cuts will lead to rising inflation and higher wage demandsTwo trade deals and a rate cut in one week … are things looking up?The return of spring weather across much of the UK last week brought some rare glimmers of sunshine for the UK’s struggling economy too – including a confidence-boosting interest rate cut, with hopes of more to come.And as Keir Starmer hopes to seal a closer trading relationship with the EU, he is urging voters to look “forward, not back”. Continue reading...

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