Bank of England set to cut interest rates as US tariff impact hits UK economy

Bank of England set to cut interest rates as US tariff impact hits UK economy The Bank is trying to ease borrowing costs as economic growth is predicted to be slowed by the impact of Trump’s tariffs Interest rates are set to go down by 0.25% (Image: PA ) The Bank of England is set to cut interest rates to ease costs for borrowers as the impact of US tariffs continues to hit the UK economy. Interest rates in the UK are set to go down to 4.25% on Thursday, May 8. Most economists are expecting rates to be reduced…