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The Monetary Policy Committee reduced the cost of borrowing to 5 per cent from the 16-year-high of 5.25 per cent - where it has been since last August.Interest rates are FINALLY cut from 5.25% to 5% as the Bank of England gives struggling Brits respite - despite fears Labour's public sector pay splurge could have dashed hopes
The Monetary Policy Committee reduced the cost of borrowing to 5 per cent from the 16-year-high of 5.25 per cent - where it has been since last August. Read more