BREAKING: UK interest rates cut to 0.25%

BREAKING: The Bank of England has cut the interest rate from 0.75% to 0.25%.

Our economics editor Ed Conway says both the size and timing of the cut are dramatic, adding "It's very unusual to have an emergency cut that comes outside their normal schedule... it kind of brings you back to the era of the financial crisis"

He also says the move underlines "how concerned every wing of Government is about coronavirus"

Read more here: trib.al/ghcewAI

#InterestRates #Coronavirus #Budget

SUBSCRIBE to our YouTube channel for more videos:

Follow us on Twitter:

Like us on Facebook:

Follow us on Instagram:

For more content go to and download our apps:

Apple:

Android

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí:

SKY,SKY NEWS,NEWS,CORONAVIRUS,BUDGET,MORTGAGE,DISEASE,VIRUS,RISHI SUNAK,INTEREST RATES,INTEREST RATES CUT,COVID-19,ECONOMY,FINANCE,FINANCIAL,MORTGAGES,SAVINGS,BORIS JOHNSON,INFECTION,PANDEMIC,SPREAD,HOW MANY PEOPLE HAVE CORONAVIRUS,NADINE DORRIES,BANK OF ENGLAND,BOE,INTEREST RATE,BASE RATE,BANKING CRISIS,