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Bank of England to make “pointless” cut

With mortgage deals remaining unobtainable for many borrowers, the Bank of England is expected to cut the base rate again today.

The further 0.5% cut will bring the base rate down to just 1%.

The cut, however, has been dubbed “pointless” by economists, who claim that the saving will not be passed on to borrowers to make mortgages more affordable.

One Response to “Bank of England to make “pointless” cut”

  1. Nia Says:

    This was pretty toothless - clutching at straws now. It won’t be passed on in any meaningful sense and gives the impression that they don’t know what else to do. Probably accurately…

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