Inevitable' rate cut But it wasn't all doom and gloom. On Tuesday, financial markets priced in a 100% chance of a Bank of England interest rate cut from 4.5% to 4.25% on 8 May. Earlier ...

Hollingworth added that April was able to offer bigger loans because of its longer-fix business model: "Not being susceptible to fluctuation in interest rates gives the lender the room to offer ...