Brits may have to wait until August for Bank of England to cut interest rates again

SQUEEZED Brits may have to wait until August for the Bank of England to cut interest rates again, according to economists.

As widely expected the Bank yesterday voted to hold interest rates at 4.5 per cent as it flagged Donald Trump’s tariffs had made the global economy much more volatile.

Andrew Bailey, governor, said that there was “a lot of economic uncertainty at the moment”.