UK interest rates are widely expected to be cut on Thursday, taking the cost of borrowing to its lowest level for more than two years.
Financial markets predict that the Bank of England will reduce interest rates to 4% from 4.25% in its fifth cut since last August, taking it to the lowest since March 2023.
A lower base rate can reduce monthly mortgage costs for some homeowners but it also means a smaller return for savers.
The Bank of England will also publish its forecasts for an economy that failed to grow in April and May - potentially creating a yawning spending gap which the government could choose to fill by announcing tax rises in the Autumn Budget.
Next week, the Office for National Statistics will release data on how the UK economy performed between April and June.












