Rolling coverage of the latest economic and financial news Rise in ultra-long mortgages ‘poses risk to UK retirement prospects’ Jacob Rees-Mogg accuses Bank of England of ‘miserable incompetence’ over inflation A cut to UK interest rates next month is now more likely than not, according to the money markets. LSEG data this morning shows there is a 54% chance that the Bank of England lowers base rate to 5% at its June meeting, and a 46% chance that it leaves rates on hold at 5.25%. Continue reading...

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