Bank of England holds interest rates

The base rate has remained at 3.75 per cent since just before Christmas last year

They will meet just hours before a by-election in Makerfield could see Andy Burnham return as an MP in a move that is set to see him challenge Starmer for the top job.

The Monetary Policy Committee (MPC) is widely predicted by analysts to keep the benchmark rate at 3.75% for a fourth consecutive meeting.

BOE Holds Rates in 7-2 Vote as It Waits for Iran Deal to Pan Out