Bank of England cuts interest rates - 1st August 2024

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Bank of England cuts interest rates - 1st August 2024

The Bank of England has cut interest rates today by a quarter-point to 5%, the first cut in more than four years. It comes after official figures show headline inflation remained at the 2% target for the second consecutive month and data suggests the UK’s cost-of-living crisis has eased in recent months.

Essential Wealth Management
1-2 Great Farm Barns
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Newbury
Berkshire RG20 0BP
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Essential Wealth Management is a trading name of Essential Wealth Management and Advice Ltd which is an appointed representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority. Essential Wealth Management and Advice Ltd is entered on the FCA register (www.FCA.org.uk) under no. 518528. Registered office: 1-2 Great Farm Barns, West Woodhay,Newbury, Berkshire RG20 0BP. Registered in England and Wales Number: 04020006.

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Approved by 2plan wealth management Ltd on 20/05/2025

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