The government gets most of its money from tax but also borrows when it wants to boost spending.

Interest rates, set by the Bank of England, affect mortgage, loan and savings rates for millions.

The rate at which prices are rising remains above the Bank of England's 2% inflation target.

The BBC hears from borrowers and savers about how the cut in interest rates will affect them.

Andrew Bailey says he is "following closely" whether Trump will change US support for the institutions.

Bank boss Andrew Bailey told the BBC it expected to cut rates further but warned the road ahead would be bumpy.

The central bank may have cut rates but forecasts of low growth and rising inflation make a challenging domestic vista.

The Bank considered a rate cut as it thinks the economy has performed worse than it expected.