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Bank of England cuts interest rates again

The Bank of England lops a quarter of a point off interest rates, taking them down to 4%

The Bank of England has cut interest rates by a quarter of a percentage point to 4% -- the fifth drop in a year. The Bank's governor, Andrew Bailey, said it was a "finely balanced decision", with inflation still sitting well above the Bank's two percent target. Also: dozens of migrants have been detained under the UK's new "one in, one out" deportation deal with France, which came into force yesterday. And in Italy, an outcry over a British website's controversial recipe for a pasta dish.

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  • Thu 7 Aug 2025 18:00

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