Irv Gotti, a music mogul who founded Murder Inc Records and was behind major hip-hop and R&B artists such as Ashanti and Ja Rule, has died. He was 54. Def Jam Recordings, which was the parent company ...

The base rate fell to 4.5 on Thursday, but the Bank halved the UK’s economic growth forecast for this year while predicting surging inflation.

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.