Rachel Reeves is celebrating the Bank of England’s interest cut – but behind the scenes she has little to cheer | Money News

Rachel Reeves is celebrating the Bank of England’s interest cut – but behind the scenes she has little to cheer | Money News

The economy is stagnating and job losses are mounting. Now is the time to cut interest rates again. That was the view of the Bank of England’s nine-member rate setting committee on Thursday. Well, at least five of them. The other four presented us with a different view: Inflation is above target and climbing –…

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