Springall expressed particular concern for savers: “Since the start of this year, more than two thirds (70%) of savings providers have cut their rates. Any delay in further interest rate cuts by the Bank of England is irrelevant, as there has already been irreversible damage done to the savings market over the last 12 months.”

The minutes are expected to show a central bank that believes policy is sufficiently restrictive for now and is in no hurry to ease further.

The impact of the AI industry on electricity prices has turned into a major political flashpoint ahead of the midterm elections this November.

UK inflation has dropped to 3%. Here’s what it means for mortgage rates, savings accounts and the chances of a Bank of England rate cut.

FTSE 100 Live 18 February: Inflation dip lifts rate cut hopes, BAE Systems results -

Rolling coverage of the latest economic and financial news, including the UK inflation report for January