What the interest rates cut means for mortgages, pensions and savings
Source: BBC
Rachel ClunBusiness reporter, BBC NewsGetty ImagesChanges to the Bank of England's base rate can affect mortgage and savings ratesThe Bank of England has cut UK interest rates from 4.25% to 4%, the lowest level since March 2023.The Bank of England interest rate can affect mortgage rates and interest rates on savings, as well as the speed at which prices change and how the jobs market performs.Here's what that all…
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