The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

The Prime Minister said that ‘we do need to transition to clean power’ while on a visit to the UK National Nuclear Laboratory.

Racing at Thurles on Thursday was abandoned following the second race due to an incident at the final fence that resulted in Michael O’Sullivan receiving medical attention.

It warned it was facing around an extra £10 million in wage costs in its next financial year from the Budget measures.

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Prince Andrew School is the only secondary school on the remote British overseas territory of St Helena, in the South Atlantic Ocean.