The Bank of England is ready to implement larger interest rate cuts if the job market shows signs of slowing down, according to Governor Andrew Bailey.

• Current interest rates are at 4.25% and will be reviewed on 7 August.
• Andrew Bailey indicates a likely downward trend in rates, citing business adjustments in employment and pay.
• Job vacancies in the UK have dropped to 736,000, the lowest since 2021, while the availability of workers has surged, according to a survey.