While the cutting of interest rates will have come as a relief to Rachel Reeves, the Bank's cut to growth predictions is a major blow.

A gloomy growth forecast from the Bank of England has piled the pressure on Rachel Reeves ahead of a verdict from the Budget watchdog in March. The Bank of England cut interest rates but halved its growth forecast in a decision a week after the Chancellor made a key speech on growth.

The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here's what Bank of England officials said in a pres

Chancellor Rachel Reeves has been dealt another blow to her fiscal agenda as the Bank of England has downgraded its growth forecast for the UK economy to 0.75 per cent. The central bank confirmed it has revised its prediction down from previous estimates of 1.