The base rate is what the Bank of England uses to charge other banks and lenders money - this then influences how much you're charged as a customer to borrow money

The Bank of England will delay the announcement of its latest interest rate decision by two minutes on Thursday, publishing the decision at 1102 GMT rather than 1100 GMT, the bank said on Tuesday. The slightly later timing of the release is due to a national two-minute silence being held to commemorate the 80th anniversary of Victory in Europe (VE) Day.

The Bank of England last postponed an interest rates meeting in September 2022 after the death of Queen Elizabeth II.