UK interest rates cut to 0.25%

UK interest rates have been cut from 0.5% to 0.25% - a record low and the first cut since 2009. 

The Bank of England has also signalled that rates could go lower if the economy worsens. 

The Bank announced additional measures to stimulate the UK economy, including a £100bn scheme to force banks to pass on the low interest rate to households and businesses. 

It will also buy £60bn of UK government bonds and £10bn of corporate bonds.Governor Mark Carney said there was scope to cut the interest rate further.

DYI Comments:  The article goes on to blame England for leaving the EU causing their downturn. Of course article 50 hasn't been put into play.  What is really happening Europe's economy is sliding south and fast with Italian banks on the verge collapse, France run by a communist, along with wave after wave of Islamic terror.  Placing a chilling economic effect on Europe and trade with England.

DYI