Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%
The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth
![Rachel Reeves hit by gloomy UK growth forecast despite interest rate cut to 4.5%](https://static.independent.co.uk/2025/02/05/17/SEI237783450.jpg?width=1200&auto=webp#)
The Bank of England has cut interest rates by 0.25 per cent to 4.5 per cent but downgraded forecasts on growth