Trade deals and interest rates - a good day for Starmer?

Sky News Daily

Thursday, 8 May 2025 - 13 minutes

President Trump has called the US-UK trade deal "full and comprehensive" while Sir Keir Starmer said "it's going to not only protect jobs, but create jobs, opening market access". The deal comes as interest rates are now at their lowest level for two years after the Bank of England cut the base rate by a quarter point to 4.25%. The Bank also raised its economic growth forecast for this year. In today’s Sky News Daily, Niall Paterson talks to business correspondent Paul Kelso about how good a deal it is for the UK and whether the reduction in interest rates will have more of an impact on the country's finances. Producer: Natalie Ktena Editor: Wendy Parker