Bank of England Base Rate held at 5%

Once again the Bank of England has shown caution, a reluctance to make
the rate cut that is urgently needed because of its strict remit to
control inflation.

But sometimes you have to play it as you see it, take action even if
that action means you’re not doing things strictly by the book. If we
continue with this wait-and-see approach for much longer, it will be a
case of waited-and-wished-we-bloody-well-hadn’t.