Helen Nugent

Interest rates, housing demand and pension fears

The Bank of England could make the first cut to UK interest rates in more than seven years at lunchtime today. The governor Mark Carney has previously indicated that the Monetary Policy Committee would vote to cut rates in July or August.

The probable reduction from 0.5 per cent to 0.25 per cent is intended to boost the UK economy in the wake of the Brexit vote. Although

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