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UK interest rate cut: what does it mean for mortgages and savings?

Base rate reduction to 4% will hit some savers, but people with tracker home loans will see immediate benefit• Bank cuts interest rate for fifth time in a year• Base rate gift signals wage rise conflict is on the wayThe Bank of England has cut interest rates from 4.25% to 4%. It is the fifth reduction in a year and takes rates back to where they were in March 2023. Continue reading...

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