Rolling coverage of the latest economic and financial newsRise in ultra-long mortgages ‘poses risk to UK retirement prospects’Jacob Rees-Mogg accuses Bank of England of ‘miserable incompetence’ over inflationA cut to UK interest rates next month is now more likely than not, according to the money markets.LSEG data this morning shows there is a 54% chance that the Bank of England lowers base rate to 5% at its June meeting, and a 46% chance that it leaves rates on hold at 5.25%. Continue reading...