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:
Work underway to remove asbestos from former Golf Links Hotel
Areas containing hazardous material identified in report
Police raise welfare concerns about vehicle occupant
Officers looking for a pale blue Ford Fusion
New EV charging points planned for Island's ports
Manx Utilities also planning a solar canopy at Ronaldsway
Campaigners against offshore windfarm proposals hit out at 'undemocratic' process
Concerns over consultation, 'bullying' tactics and restrictions on MHKs
