Sunak: Bank of England cuts interest rates for the first time since 2020
London, August 2 (Hibya) - Former UK Prime Minister Rishi Sunak announced that the Bank of England has cut interest rates for the first time in four years.
Former UK Prime Minister Sunak stated that the Bank of England has cut interest rates for the first time since 2020.
Sunak noted that this is good news for homeowners and shows that the Labour Party inherited a strong economy. "My current concern is that public sector pay raises that lower inflation may risk further cuts," he said.
Usa News Agency
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