Bank of England could cut rates further
The Bank of England is expected to make yet another cut to the base rate today.
Having already been cut several times to 1.5%, the Bank will announce today at midday whether or not it will cut the rate by 0.5%.
Experts, however, have claimed that the rate cut will be “pointless”, as banks will not pass on the rate and so mortgages and secured loans will not become cheaper.
