LONDON-The Bank of England just made things awkward for Britain's new Chancellor Rachel Reeves.The U.K. central bank cut the Bank Rate by 0.25 of a percentage point to 5 percent, the first cut since 2020.
But while Brits may cheer the prospect of mortgage payments starting to come down, it's an awkward one for the U.K.’s brand new finance minister who is busy sounding doomy about the economy she inherited from her Conservative predecessors.
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