Bank of England drops rate to record low

The Bank of England’s Monetary Policy Committee has cut interest rates to 1.5%, down from 2%.

The 0.5% reduction sees the rate fall to its lowest level in the bank's history.

The bank has dropped the rate four times since October in an effort to ease the financial crisis.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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