The Bank of England has held its base rate at 0.25%, it announced at midday.

The Bank of England has held its base rate at 0.25%, it announced at midday.

The Bank of England has held its base rate at 0.25% for a second month after cutting the rate in August from 0.5%, the first cut in seven years. 

A pensions body has expressed fears that the Bank of England’s cut to interest rates will only increase pressure on pension schemes.