Bank of England issues major growth blow as interest rates are cut

There's been some good news for mortgage holders, as the Bank of England has cut interest rates to 4.5%. But that has been tempered by a warning about the state of the economy with the Bank cutting the UK's growth forecast in half. Sky's Economics Editor Ed Conway reports. Read more: https://news.sky.com/story/money-interest-rate-latest-inflation-bank-of-england-michelin-cheap-eats-mortgage-consumer-news-live-13040934 #bankofengland #interestrates #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales