Millions of homeowners were handed a boost today when the Bank of England cut its interest rate from 4.25% to 4%. The reduction is the fifth over the past year, and brings borrowing costs down to their lowest since March 2023. Theo Harris, an economist at the New Economics Foundation joins us to discuss the news.

And in part two, Nick Curtis, The Standard’s Theatre Critic and co-host of The London Theatre Review Podcast, reviews broadway show Good Night, Oscar, which features Will & Grace star Sean Hayes as troubled pianist Oscar Levant.

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Interest rates cut to 4% as UK inflation picks up